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    Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350

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    Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350

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    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 climbed to three-week closing highs on Friday as the market entered the June futures & options series amid strength across global markets. Most sectors saw sharp gains, with financial, IT and auto shares being the biggest contributors to the gain in headline indices. The Nifty Midcap 100 and Nifty Smallcap 100 gained more than one percent each. Investors awaited the last leg of corporate earnings from India Inc for cues.

    Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Thank you, readers! That's all from CNBCTV18.com's live market coverage on May 27, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    • Windfall tax explained — why ONGC, Oil India investors are spooked by it

      On a day the Indian market makes a recovery, Indian oil producers are under pressure. (Read more)

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Market This Week | Sensex, Nifty clock 2nd straight weekly gains

      Here are some highlights:

      --Sensex and Nifty rise one percent each led by financial stocks 

      --Nifty Bank up four percent

      --Midcap index down one percent

      --Nifty Bank posts biggest weekly gain in two months

      --Nifty IT rises the most among NSE's sectoral gauges

      --Nifty PSU top loser

      --HDFC Life, Kotak Bank, HDFC, HDFC Bank, M&M top Nifty gainers

      --Divi’s, JSW, ONGC, Tata Steel, Asian Paints top Nifty losers 

      --CONCOR, Dr Lal, Torrent Pharma, IndiGo top midcap gainers

      --JSPL, NMDC, Piramal Enterprises, Chambal, SAIL, India Cements top midcap losers

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Sensex, Nifty50 scale 3-week closing highs

      Here are some highlights:

      --Financial stocks lead headline indices higher

      --Nifty Bank continues to rise for 4th straight day

      --Nifty IT, Nifty Media top gainers among NSE's sectoral gauges

      --Nifty PSU top loser 

      --37 Nifty stocks in the green

      --Oil & gas stocks slip on reports related to windfall tax

      --ONGC down five percent

      --Bharti Airtel slips on reports of Singtel looking to sell stake at five percent discount to CMP

      --Short covering continues in diagnostic names

      --Dr Lal up 10 percent, Metropolis three percent

      --Piramal Enterprises falls 12 percent to 15-month low after weak quarterly earnings

      --GAIL, India Cements slip 4-6 percent post earnings

      --Market breadth favours bulls with advance-decline ratio at 5:2

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Rupee ends nearly unchanged vs US dollar

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Market closes higher for 2nd straight day

      BSE Sensex jumped 632.13 points or 1.17 percent to settle at 54,884.66 while Nifty50 closed at 16,352.45, up 182.3 points or 1.12 percent from its previous close. Tech and financial stocks led the rally in benchmark indices. 

    • Why experts recommend holding Bajaj Finance, Asian Paints, and Titan

      Gaurav Ratnaparkhi of Sharekhan, and Vijay Chopra of enochventures.com shared their reading on specific stocks, sectors, and markets in an interaction with CNBC-TV18. They spoke at length about Bajaj Finance, Asian Paints, Titan, Tech Mahindra, NTPC, CAMS, Supreme Industries, Dixon Technologies, Larsen & Toubro (L&T), and PVR. (Get details here)

    • Coal India trading nearly 4% off than day’s high

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Godrej Industries reported a profit of Rs 423 crore in the fourth quarter
      Godrej Industries on Friday reported a consolidated net profit of Rs 422.82 crore for fourth quarter ended March 31, 2022. The company had posted a loss of Rs 92.17 crore for the same quarter of previous fiscal year, Godrej Industries said in a regulatory filing. (Also read)

    • Bharti Airtel sinks into red

    • India Q1 GDP growth likely slowed for the third consecutive quarter, says Reuters poll
      India's economic recovery from the COVID-19 pandemic likely stumbled again in the first quarter of this year primarily due to Omicron-related restrictions and higher inflation, a Reuters poll showed. (Read more)

    • GAIL Q4 earnings vs CNBC-TV18 poll

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • See a lot of traction in the retail segment, telecom seeing higher demand: Guruprasad Srinivasan
      Guruprasad Srinivasan, CEO, Quess Corp said, “Retail, which was probably almost very subdued for last four to six quarter, we see a lot of traction happening in retail, the consumer spending patterns are changing and we are seeing the push coming in in terms of hiring outlook from that segment. Telecom also which was almost a little slow, has become quite active now and we are seeing a lot of demand coming in from telecom. Logistic and supply chain and banking has been always at its best. So, overall the year looks positive for us and we are seeing demand coming in.”

    • Seeing increased occupancy rate, market share increased in places like Bengaluru: BS Ajai Kumar of Healthcare Global

    • Gold rate today: Yellow metal gains amid lower Treasury yields, higher crude oil prices
      Domestic gold prices gained on Friday as US dollar continued to fall after touching a 20-year high early May. Globally, gold prices changed little as US 10-year Treasury yields were 0.40 percent lower and crude oil prices climbed two-months high. (Read more)

    • Expect 1 mt deficit in global aluminium this year: Satish Pai

      Satish Pai, MD, Hindalco said, “Last year, we finished with a supply deficit of aluminium of 1.6 million tonne. And we expect at least a 1 million deficit this year because there is no real new supply coming in whereas demand continues to be very strong. So the first basic fundamental in the supply-demand is that the demand is a lot more than the supply for aluminium inventories are coming down."

    • Hindalco's record profitability, 400% dividend keep investors excited

      Hindalco Industries shares rise as much as five percent, as the exceptional performance of its India business boosted its quarterly earnings. (Read more)

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Torrent Pharma to buy Dr Reddy's brands Styptovit-E, Finast, Finast-T, Dynapress

      The move strengthens Torrent Pharma's India portfolio. The four brands have registered growth of 8-10 percent in the past three years. 

      The India market accounts for around 46 percent of Torrent Pharma's sales. 

      Dr Reddy's has been divesting its non-core assets.

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Piramal Enterprises slips to 15-month low after a weak Q4 earnings

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Reserve Bank of India's annual report for 2021-22 warns of 'significant loss of momentum' in global recovery

      The annual report released on Friday covers the working and functions of the central bank for the period from April 2021 to March 2022. The report warns that some externalities are already negatively affecting commodities and financial markets, and that increases in food and fuel prices will negatively impact disadvantaged groups. As a result global recovery would be adversely affected. (Read More)

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Buy largecap banking stocks, midcap and smallcap capital goods names: Sunil Subramaniam

      Sunil Subramaniam, MD and CEO at Sundaram Mutual Fund, tells CNBC-TV18 that a broad India-based market allocation in his view is the right thing to do. "The next six months is the best time to buy because largecaps are facing selling pressure from FIIs, so there is correction... Midcaps are facing that pressure because you need only 10 percent of the flowout to happen for the same price correction in a midcap (stock). While the story on midcaps is not bad, the price action is very bad," he says. 

    • Muthoot Finance shares fall after India's largest gold loan NBFC cuts NIM target

      The Muthoot Finance stock drops as much as 9.5 percent to Rs 1,029 apiece on BSE. 

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Godrej Industries shares jump 

      The company reports a net profit of Rs 227.3 crore for the January-March period, as against a net loss of Rs 15.79 crore for the corresponding period a year ago.                                        

      Its cons revenue increases 70.3 percent on a year-on-year basis to Rs 4,444.8 crore, according to a regulatory filing. 

      Godrej Industries' EBIDTA came in at Rs 490.1 crore for the quarter, as against an EBITDA loss of Rs 16.1 crore for the year-ago period.

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Buy Tech Mahindra, HCL Tech: Mitessh Thakkar

      -- Buy Tech Mahindra for a target of Rs 1,145-1,150-1,175 with a stop loss at Rs 1,099 

      -- Buy HCL Technologies for a target of Rs 1,030 with a stop loss at Rs 990 

    • Time to be selective: Macquarie's Aditya Suresh

      Macquarie is being highly selective and focussed on a few bottom-up ideas, Head India Research and Strategy Aditya Suresh tells CNBC-TV18. "The message is to be selective," he says. 

      He likes HDFC Bank and a few others from the financial space. "In terms of earnings visibility over the next two years, it's fairly strong. I think where we are from a credit cost perspective, that's encouraging. We're also seeing early signs of a credit uptick," he adds. 

    • IT stocks have run up a lot from valuation perspective: Mihir Vora

      Mihir Vora, Director and CIO at Max Life Insurance, believes that from a quality, cash flow and management perspective, IT companies are some of the best companies in the country.

      "But our call has been for the last few months that the best of the coronavirus and the best of the huge spike in spending that we saw in corporate America, which was fueled by the need for more online shopping, online access and working from home that really created a bunching up of capex in the USA for IT... Now, we see that the consumer is going down," he says. 

      "The best of the COVID link stimulus is past us, and probably the momentum for IT stocks too as far as orderbook is concerned... As of now, the equation seems to be more of underweight because we do see better opportunities in the local plays," Vora adds. 

    • Buy Bajaj Finance, Hero MotoCorp: Manas Jaiswal

      Here are two trading calls from Manas Jaiswal, Technical Analyst at manasjaiswal.com: 

      --Buy Bajaj Finance for a target of Rs 6,200 with a stop loss at Rs 5,900 

      --Buy Hero MotoCorp for a target of Rs 2,750 with a stop loss at Rs 2,630 

    • Oil & gas stocks fall — the only sector in the red on NSE

      The UK government on Thursday announced a 25 percent windfall tax on profits of oil & gas companies with crude oil rates surging over 50 percent in 2022 so far. According to reports, the Indian government can make announcements on the similar lines as it is looking at additional revenue mobilisation measures to offset revenue loss due to recent excise duty cuts, higher fertiliser subsidies and free ration.

      According to analysts, every $10/bbl change in the net oil price realisation changes ONGC’s 2022-23E earnings by Rs 7.10/share and Oil India's by Rs 7.60/share. (Read more)

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    • Buy HDFC Bank, ICICI Bank, Colgate-Palmolive: Chandan Taparia

      Chandan Taparia, Derivatives and Technical Analyst at Motilal Oswal Financial Services, shares three trading calls: 

      --Buy HDFC Bank for a target towards Rs 1420 with a stop loss at Rs 1,335

      --Buy ICICI Bank for a target towards Rs 760 with a stop loss at Rs 718

      --Buy Colgate-Palmolive for a target towards Rs 1,680 with a stop loss at Rs 1,580 

    • Paradeep Phosphates shares list at 5% premium over issue price

      Paradeep Phosphates' shares make a decent debut on Dalal Street. The stock of the fertiliser company opens at Rs 44 apiece on NSE — a premium of Rs 2 or 4.8 percent over its issue price of Rs 42.

      Paradeep shares begin their journey at Rs 43.6 apiece on BSE, a premium of  3.7 percent.

      The listing on BSE and NSE was in line with the trend seen on the grey market — an unofficial market for unlisted securities — in the past few days. (Read more)

      Stock Market Highlights: Financial, IT and auto shares help Sensex end 632 pts higher — Nifty reclaims 16,350
    Stock Market Highlights
    : Indian equity benchmarks BSE Sensex and NSE Nifty50 climbed to three-week closing highs on Friday as the market entered the June futures & options series amid strength across global markets. Most sectors saw sharp gains, with financial, IT and auto shares being the biggest contributors to the gain in headline indices. The Nifty Midcap 100 and Nifty Smallcap 100 gained more than one percent each. Investors awaited the last leg of corporate earnings from India Inc for cues.

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