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Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months

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Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months

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Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 clocked sharp gains on Friday in a rebound following their worst single-day fall in two months. All sectors saw strong buying interest, with financial, oil & gas , IT and FMCG being the biggest index movers. Broader markets mirrored the gains in the main indices. The Nifty Midcap 100 soared 2.2 percent and its smallcap counterpart 2.5 percent. Investors awaited the last leg of financial results for cues, with Paytm slated to report its quarterly numbers later in the day.

Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
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  • Rupee ends higher at 77.55 vs US dollar

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Expect pharma margins to slide substantially: Deepak Shenoy

    Deepak Shenoy, Founder of Capitalmind, however, believes the sector may be an interesting opportunity. "But I will wait for all the results to flow in before we take any specific calls,” he adds. 

  • Market At Close | Sensex, Nifty50 recover previous day's losses

    Here are some highlights: 

    --Market posts biggest single-day gain in 3 months

    --48 Nifty stocks rise

    --Dr Reddy's, Reliance, Adani Ports, JSW top Nifty gainers

    --Investor wealth increases by Rs 5 lakh crore as the market capitalisation of BSE-listed companies rises

    --Reliance Industries surges in last hour of trade, lifts Nifty By 108 Points

    --Positive management commentary helps Dr Reddy’s gain eight percent

    --Metal stocks rise on improved global demand, Nifty Metal up four percent

    --Concor top midcap loser amid concerns related to capex, down five percent

    --Godrej Consumers slides five percent on Below-than-expected earnings

    --Ashok Leyland jumps six percent on strong earnings, outlook

    --Granules, Sun TV, BHEL, Aurobindo, Strides, Biocon top midcap gainers

    --Market breadth favours bulls, advance-decline ratio at 5:1

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Pharma sector looks fairly well placed from valuation perspective: Shibani Sircar Kurian

    Shibani Sircar Kurian, Senior Executive VP and Head-Equity Research at Kotak Mahindra AMC, tells CNBC-TV18 she believes pharma valuations are at reasonable levels due to the underperformance in the past one year. However, some margin headwinds are likely in the near term, she says.

    "Our positioning is very stock-specific,” she adds. 

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • RBI need to hike key rate by at least 100 basis points to control inflation: CLSA
    CLSA said that India's inflation for FY23 is expected to average at 6.3 percent and insisted on the need for the Reserve Bank of India to hike the key rate by at least 100 basis points. 100 basis points equal 1 percentage point.(Read more)

  • All Sensex stocks well in the green in the final minutes of the session

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Health Ministry urges to prevent vaccine wastage, flags concerns on decline in vaccination

  • Wouldn't average Infosys at current levels: Shahina Mukadamm 

    Market expert Shahina Mukadamm tells CNBC-TV18 that she will be comfortable adding Infosys at maybe Rs 1,300. "If I am holding, I wouldn't even sell because rupee depreciation is a positive for Infosys. I think they have given us a very good guidance... The valuation in my view for a very long-term holder is not expensive for Infosys. One can continue holding or add on slight dips," she adds. 

  • NTPC rises almost 1% to the previous close

  • Central Consumer Protection Authority issues notice to online ride platforms Ola and Uber

  • Buy Kotak Mahindra Bank, Apoll Tyres: Hemen Kapadia 

    Here are two trading calls from Hemen Kapadia of KRChoksey Securities:

    --Buy Kotak Mahindra Bank for a target of Rs 1,870 with a stop loss at Rs 1,810 

    --Buy Apollo Tyres for a target of Rs 233 with a stop loss at Rs 205 

  •  Zydus Life Q4 earnings

  • Easy Trip Planners shares jump

  • SML Isuzu Q4 earnings: Net loss decreases by 8.6 cr(YoY)

  • Concor sinks into the red

  • Buy Granules, ICICI Pru Life: Prakash Gaba 

    Here are two trading calls from Prakash Gaba of prakashgaba.com: 

    --Buy Granules India for a target of Rs 275-280 with a stop loss at Rs 260 

    --Buy ICICI Prudential Life Insurance for a target of Rs 530 with a stop loss at Rs 510 

  • What cryptocurrency trading pairs are and how they work

    Cryptocurrency trading pairs function like a barter system of tokens. They are digital assets that are traded for each other over an exchange.

    Trading pairs are helpful because some cryptocurrencies can only be purchased through other cryptocurrencies. (Read more)

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • NTPC shares edge higher

  • No legal hurdle in disinvestment: Govt

  • Twitter tells employees that it won't renegotiate the $54.20 takeover price with Elon Musk

    Twitter Inc. executives told employees on Thursday that the $44-billion deal to sell the company to Elon Musk is moving forward as planned, and that they won’t renegotiate the agreed-upon price of $54.20 per share.

    Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an all-hands meeting that there is “no such thing as a deal being on hold”, according to people who attended the meeting.

    She was pushing back on claims from Musk over the past week that he is pausing the deal while he learns more about the number of bots and spam accounts on the social-media service. (Read more)

  • Explained | Axis Mutual Fund investors spooked by Viresh Joshi scam must wait and watch, say experts

    Retail investors who have put in their hard-earned money in Axis Mutual Fund are in a fix. With the asset management company (AMC) terminating the services of its chief trader and fund manager, Viresh Joshi, investors are worried if they should hold or redeem their funds.

    Experts believe investors should track the development and stay alert but refrain from taking hasty decisions. (Read more)

  • Domino’s Pizza launches paratha pizza range across all 1,500 stores in India

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Has LIC's market debut brought PSU stocks back in vogue?

    State-run Life Insurance Corporation's debut in the secondary market — which comes in the midst of wild swings across global equities — has brought focus on public sector enterprises.

    The Street is largely upbeat on the country's largest life insurer, whose stock is yet to command a premium over its IPO price.

    What about other biggies in the public sector space? (Read)

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Crude oil above $110 as China likely to ease COVID restrictions

    Crude oil holds above the $110/bbl level as concerns about weaker economic growth offset expectations that demand could rebound in China as Shanghai lifts some of its COVID-related restrictions.

    The People's Bank of China (PBoC) slashes the five-year loan prime rate (LPR) by 15 basis points. China has been working on infrastructure and home prices. This reduction will now influence the home mortgage prices, bring those prices down and make it more affordable for people who want to buy a first home. This is supportive for metals as well. (Read more)

    Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Buy Sun Pharma, Sun TV: Mitessh Thakkar

    Mitessh Thakkar of earningwaves.com shares two trading calls: 

    --Buy Sun TV for a target of Rs 445 with a stop loss at Rs 415 

    --Buy Sun Pharma for a target of Rs 935 with a stop loss at Rs 904 

  • Stock Market Highlights: Sensex ends 1,534 pts higher, Nifty50 reclaims 16,250 — biggest jump in 3 months
  • Factors such as US recession, domestic consumption a risk to growth: Indranil Sengupta

    Indranil Sengupta of CLSA India tells CNBC-TV18 that one has to see a confluence of factors impacting growth. There could be a downside bias to GDP estimates, he says. 

    The RBI will have greater headroom to undertake open market operations, and India’s 10-year yield is unlikely to sustain above 7.5 percent, he adds. 

  • Buy Hero MotoCorp, Cipla: Manas Jaiswal 

    Manas Jaiswal of manasjaiswal.com shares two trading calls: 

    --Buy Hero MotoCorp for a target of Rs 2,700 with a stop loss at Rs 2,550 

    --Buy Cipla for a target of Rs 1,000 with a stop loss at Rs 960 

  • Ashok Leyland sees a pickup

    Ashok Leyland shares rise as much as 8.1 percent to Rs 132.9 apiece on BSE. The auto maker tells CNBC-TV18 that its CV business is poised to grow with lower commodity prices and a boost to margins by efficiencies.

    Here's what the rest of the auto pack looks like at this hour: 

    Stock Change  (%)
    SONACOMS 5.4
    TATAMOTORS 4.8
    BHARATFORG 4.2
    BAJAJ-AUTO 3.8
    HEROMOTOCO 3.6
    MARUTI 2.9
    M&M 2.8
    ESCORTS 2.4
    BOSCHLTD 1.9
    TIINDIA 1.7
    MRF 1.5
    BALKRISIND 1.5
    EICHERMOT 1.4
    TVSMOTOR 1.2
Stock Market Highlights
: Indian equity benchmarks BSE Sensex and NSE Nifty50 clocked sharp gains on Friday in a rebound following their worst single-day fall in two months. All sectors saw strong buying interest, with financial, oil & gas , IT and FMCG being the biggest index movers. Broader markets mirrored the gains in the main indices. The Nifty Midcap 100 soared 2.2 percent and its smallcap counterpart 2.5 percent. Investors awaited the last leg of financial results for cues, with Paytm slated to report its quarterly numbers later in the day.

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