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

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


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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May 20, 2022 4:45 PM

Rupee ends higher at 77.55 vs US dollar

May 20, 2022 4:38 PM

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. 

May 20, 2022 4:20 PM

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

May 20, 2022 3:48 PM

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. 

May 20, 2022 3:31 PM

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)

May 20, 2022 3:25 PM

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

May 20, 2022 3:18 PM

Health Ministry urges to prevent vaccine wastage, flags concerns on decline in vaccination

May 20, 2022 3:05 PM

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. 

May 20, 2022 3:05 PM

NTPC rises almost 1% to the previous close

May 20, 2022 2:53 PM

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

May 20, 2022 2:29 PM

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 

May 20, 2022 2:10 PM

 Zydus Life Q4 earnings

May 20, 2022 1:46 PM

Easy Trip Planners shares jump

May 20, 2022 1:32 PM

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

May 20, 2022 1:20 PM