Thank you, readers! That's all from CNBCTV18.com's live market coverage on May 19, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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Outlook on IT company growth not as bad as market is making it look: Nischal Maheshwari
Nischal Maheshwari, CEO-Institutional Equities at Centrum Broking, tells CNBC-TV18 that earnings for the January-March quarter do not show the kind of rout the stocks are seeing at the moment.
He prefers largecap stocks to midcap ones in the IT basket.
Closing Bell | Sensex, Nifty50 post biggest single-day fall in over two months amid global sell-off
Here are some highlights:
--Nifty IT posts biggest single-day fall in 2 years
--Volatility index surges over 10 percent to near 2-month high
--Top five Nifty losers IT stocks: Wipro, HCL, Infosys, Tech Mahindra, TCS
--ITC gains after co reports better-than-expected earnings
--Dr Reddy’s posts operational beat, stock edges higher
--Market breadth firmly favours bears, advance-decline ratio at 1:5
Shares of Godrej Consumer Products declined session as Street is expecting company’s margin to be flat in the Q4 of the FY21