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    Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days

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    Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days

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    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 rose in a volatile session on Thursday, halting a three-day losing streak. Gains across most sectors pushed the headline indices higher, with financial, IT, metal and auto shares being the biggest movers. The Nifty Midcap 100 and Nifty Smallcap 100 indices jumped around one percent each. The 50-scrip index finished the May F&O series deep in the red — its worst performance in a monthly series in two years.

    Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    •  Thank you, readers! That's all from CNBCTV18.com's live market coverage on May 26, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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    • Market volatility has led emergence of value in certain pockets: Anshul Saigal

      "While we are holding cash, we are also nibbling on the side, and we are buying into those pockets where we think that value now is starting to emerge, where just six months back, stocks were available 30-40 percent higher than where they are today," Anshul Saigal, Head and Executive VP at Kotak PMS, tells CNBC-TV18.

      "Those names, both in absolute terms as well as valuation terms, have corrected. That's where we are nibbling. And this is not aggressive nibbling but definitely we are nibbling and buying certain names that we find value in; we still hold a little bit of cash at this time," he says. 

    • Rs 350 next target for ITC: Ambareesh Baliga

      Independent market expert Ambareesh Baliga tells CNBC-TV18 that his next target for ITC is Rs 350. "There is again talk of some sales by institutions close to the government, which is putting a bit of a pressure on the stock... I had a target of Rs 280 which was achieved... But we need to get this out of the way – the major institutional sale which can happen in ITC," he says. 

    • F&O Series | Biggest fall for Sensex and Nifty50 in a series since March 2020

      Here are some highlights: 

      --All sectoral indices fall with metal and realty being biggest losers

      --Nifty Bank slips for the first time in last three series, down 3.6 percent

      --39 of 50 Nifty stocks post losses in May series, 20 stocks fall over 10 percent

      --Divi’s Labs, JSW, Adani Ports, Apollo Hosp, Grasim, Bajaj Finserv top Nifty losers

      --Metropolis, GNFC, JSPL, Indiabulls Housing, Chambal Fert top non-Nifty F&O losers

      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Rupee edges lower by five paise at close

      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Closing Bell | Sensex up 503 pts, Nifty50 at 16,170 
       
      Both headline indices finish the day 0.9 percent higher. The Sensex adds 503.3 points to end at 54,252.5 and the Nifty50 settles at 16,170.2, up 144.4 points from its previous close. 
    • IDBI Bank's board approves calling AGM for issuing equity capital through various modes

      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Moody's upgrades Bharti Airtel to Baa3

      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Germany approves India's indigenous vaccine

    • Vodafone Idea shares slump as government's call to pick 33% stake goes through
      Shares of Vodafone Idea Limited (VIL) slumped almost 4 percent in trading on Thursday, a day after the Securities and Exchange Board of India (Sebi) exempted the government from making an open offer to the shareholders of the company. (Read more)

    • Wheat price rise inevitable in India when global rates are high: NITI Aayog
      NITI Aayog on Thursday said that wheat price rise in the country is unavoidable when the international prices of the commodity are on the rise as Indian economy cannot be insulated from global developments. The public policy think tank said that one cannot attribute the wheat price rise in India to lower production. (Read more)

    • Hotel Industry shares

      Up

      -EIH
      -Chalet Hotels
      -Taj GVK Hotels
      -HLV

      Down

      -Indian Hotels
      -Mahindra Holidays
      -ITDC
      -Lemon Tree Hotels

    • Japan's Nikkei, Korea's Kospi lower after Federal Reserve confirms rate hike plans
      Asian stock markets were mostly lower Thursday after notes from the Federal Reserve's latest meeting confirmed expectations of more interest rate hikes but held no surprises to rattle investors. Tokyo, Hong Kong and Sydney fell while Shanghai and Southeast Asian markets gained. (Read more)

    • Buy M&M, Axis Bank, sell BPCL: Rahul Mohindar

      Rahul Mohindar of viratechindia.com shares three trading calls: 

      --Sell Bharat Petroleum Corporation for a target of Rs 295-300 with a stop loss at Rs 323 

      --Buy Axis Bank for targets of Rs 692 and Rs 712

      --Buy Mahindra & Mahindra for targets of Rs 945 and Rs 970 with a stop loss at Rs 900 

      He continues to have a negative outlook on IT and oil & gas sectors. 

    • S&P 500 high by 0.95% to 3978.73, NASDAQ by 1.51% to 11,434.74

    • Govt to stick to borrowing calendar, definitely looking at PSB privatisation: Sources
      The government is not looking at extra borrowing at this moment,  official sources told CNBC-TV18, adding that it plans to stick to the borrowing calendar. (Read more)

    • Aditya Birla Group chairman says Holcim price was too high, looks to corner paints market
      Speaking to CNBC-TV18's Shereen Bhan in Davos, Kumar Mangalam Birla, Chairman, Aditya Birla Group on Wednesday said he still wishes they could have acquired Holcim's India assets and said the price was simply too steep. (Read more)

    • HDFC completes divestment of 2.35 lakh shares of HDFC Cap Advisors for Rs 184 crore.

      Here's how the stock is faring 

      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Occupancy level has increased, getting back to near normal in terms of international patients: Ashutosh Raghuvanshi of Fortis Healthcare

    • Market recovers ahead of expiry

    • Buy Welspun, HAL: Shrikant Chouhan

      Here are two trading calls from Shrikant Chouhan of Kotak Securities: 

      --Buy Welspun Corp for a target of Rs 210-215 with a stop loss at Rs 185 

      --Buy Hindustan Aeronautics for a target of Rs 1,780-1,790 with a stop loss at Rs 1,705 

    • Emkay Global MD Krishna Kumar Karwa positive on auto stocks 

      "We have been positive on the auto sector now for more than six months and some of the stock prices are showing a lot of outperformance. Now, if I go within the auto sector, obviously, the passenger vehicle segment is one which is showing a lot of resilience as far as demand is concerned. So, that's a segment which we like. Commercial vehicles are also showing a lot of resilience. So that's again another segment that we would be looking positively at, and tractors also seem to be on an uptake. The two-wheeler segment – we are kind of neutral, but otherwise, across the board, the auto original equipment manufacturers (OEMs) looks good," he said.

      Apart from auto OEMs, Karwa also suggests investing in some of the auto ancillaries that are both a play on local as well as the global opportunity. 

    • Colgate profit at Rs 323 crore beats Street estimates 

    • Nifty finishing May F&O series in the red as all sectors bleed

      The Nifty50 benchmark is on track to finish the May derivatives (futures & options) series in the red, a second straight negative series following a big jump by the bulls in March. All sectors are set to draw the series to a close with losses, with IT, metal and financial stocks among the worst hit spaces.

      One day ahead of the expiry, the 50-scrip index is down more than 1,200 points — or seven percent — in the current series. That is nearly six times higher compared with the April F&O series. 

      Index Change in May series (%)
      Nifty50 -7.1
      Nifty Metal -20.2
      Nifty Realty -15.2
      Nifty Media -14.5
      Nifty Consumer Durables -14.5
      Nifty IT -13.6
      Nifty PSU Bank -13.6
      Nifty Healthcare -8.9
      Nifty Oil & Gas -8
      Nifty Pharma -6.9
      Nifty Bank -5.7
      Nifty Private Bank -5.6
      Nifty Financial Services -4.8
      Nifty Auto -1.6
      Nifty FMCG -1.4
      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Here are recommendations by Rahul Mohindar of viratechindia.com 

      --Sell Bharat Petroleum Corporation Ltd (BPCL) with a stop loss of Rs 323 and a target of Rs 295-300

      --Buy Axis Bank with a target of Rs 692 and Rs 712

      --Buy Mahindra and Mahindra (M&M) with a stop loss of Rs 900 and a target of Rs 945 and Rs 970

      --Sectors I would avoid would be IT and oil and gas. These two sectors continue to look negative to me.

    • Niti Aayog's Ramesh Chand on why wheat prices are rising

      "There is no deficiency of wheat in India. Prices of wheat are rising due to rise in international prices," he said. 

      Stock Market Highlights: Sensex ends 503 pts higher, Nifty reclaims 16,150 as bulls make a comeback after three days
    • Select financial stocks look good: Krishna Kumar Karwa

      Krishna Kumar Karwa, MD at Emkay Global, tells CNBC-TV18 that he likes select financial stocks in terms of compounded returns and valuations. 

      "The biggest value today what I see is in the financials. No doubt it's an over-owned segment and some of the largecap banks are available at very good and attractive valuations. The business momentum that many of these banks are seeing is very good. From a medium term perspective, to be able to make a 20-25 percent compounded return for the next 2-3 years, this is one segment where one should be looking to invest in," he says. 

    • Market trend continues to be uncertain: VK Vijayakumar

      VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, suggests investors to buy high quality stocks for the medium to long term. Financial, particularly leading banks, are good buys, he says. 

    • Adani group stocks fall 

      Stock Change
      Adani Enterprises -5.6%
      Adani Ports -4.4%
      Adani Power -2.3%
      Adani Transmission -4.9%
      Adani Green -5.6%
      Adani Total -0.1%
      Adani Wilmar -5%
    • Go short on PVR: Manoj Murlidharan

      Manoj Murlidharan of Religare Broking suggests going short on PVR for a target close to Rs 1,660 with a stop loss at Rs 1,730.

    Stock Market Highlights
    : Indian equity benchmarks BSE Sensex and NSE Nifty50 rose in a volatile session on Thursday, halting a three-day losing streak. Gains across most sectors pushed the headline indices higher, with financial, IT, metal and auto shares being the biggest movers. The Nifty Midcap 100 and Nifty Smallcap 100 indices jumped around one percent each. The 50-scrip index finished the May F&O series deep in the red — its worst performance in a monthly series in two years.

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