homemarket NewsStock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell off — rupee at 79.74 vs dollar

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Read Time1 Min Read
Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 suffered sharp losses on Friday amid weakness across sectors, as nervousness persisted across global markets after economic data from the US stoked fears of aggressive hikes in COVID-era interest rates. Losses in IT, financial, oil & gas and auto shares were the biggest drags on headline indices. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 tumbled more than 2.5 percent each. Tamilnad Mercantile Bank shares remained under pressure on the second day of trade after a muted market debut.

Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 16, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on FacebookLinkedInInstagram and Telegram

Download our mobile app for Android and iOS platforms

Sept 16, 2022 4:09 PM

Financial stocks have a good runway to earnings books: Girik Capital's Charandeep Singh 

Charandeep Singh, Co-Founder and Fund Manager at Girik Capital, tells CNBC-TV18 that financial stocks, which have been elading the market, seem to be doing quite well, with ICICI Bank and SBI being big leaders for a while.

"They have a significant earnings tailwind because of a pickup in credit growth, as you may have seen. The pickup in earnings growth as a result of credit growth, and the health and cleanliness of the balance sheet, particularly in these two banks, over the last 4-5 years has been quite significant. So they seem to have a good runway to earnings books, which was possibly not built in and now has been starting to get built in to the price," he adds. 

Sept 16, 2022 4:08 PM

Market At Close | Sensex and Nifty50 fall 1.8% dragged by IT and auto stocks

Here are some highlights: 

--Broader markets remain under pressure 

--48 Nifty stocks in the red — UPL and Tata Consumer top losers

--Cipla holds on to the green after positive brokerage view

--Vedanta plunges eight percent after clarification on semiconductors manufacturing

--Vodafone Idea drops five percent on reports company won’t convert deferred AGR-related dues

--HFCL falls four percent after Delhi High Court vacates injunction order passed against company

--GMR Power down three percent after company gets initial consideration of $420 million from PT ABM Investama Tbk

--Cement stocks decline after Holcim announces completion of stake sale in Ambuja and ACC

--Market breadth favours the bears — advance-decline ratio at 1:5

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 3:50 PM

Rupee edges lower vs US dollar

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 3:48 PM

Goa Carbon resumes production at Bilaspur unit from today

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 3:40 PM

Tamilnad Mercantile Bank shares extend losses after muted listing

Tamilnad Mercantile Bank shares remained under pressure for a second straight session on Friday, a day after the one of the country's oldest private sector lenders debuted on bourses BSE and NSE. (Read more)

Sept 16, 2022 3:12 PM

Sell Bharat Forge, Sun TV, buy Max Financial Services: Hemen Kapadia

Here are some recommendations by Hemen Kapadia of KRChoksey Securities
-- Sell Bharat Forge for a target of Rs 730 with a stop loss at Rs 760 
-- Sell Sun TV for a target of Rs 480 with a stop loss at Rs 525 
-- Buy Max Financial Services for a target of Rs 850 with a stop loss at Rs 790

Sept 16, 2022 2:53 PM

Shilpa Medicare gets tentative US FDA nod for Tenofovir Alafenamide tablets

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 2:37 PM

Happiest Minds announces commissioning of a 183 kWp Solar Power Plant at its Smiles 2 campus at Madivala, Bengaluru

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 2:03 PM

Spandana Sphoorty's board to consider fund raise on September 21

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 1:49 PM

Strong recovery margins for auto companies: Pankaj Murarka

Pankaj Murarka of Renaissance Investment Managers said that the auto sector is in an environment where demand is strong and supply chain issues, including the chips have got resolved significantly, and commodity prices are moderate. "This effectively means you get strong revenue growth and more importantly, we got very strong recovery margins for auto companies. I think over the next two years we believe that entire sector is a very sweet spot for investors who bet onto." From medium to longer term, according to Murarka, passenger vehicles in India remains a structural story. "Whereas all of us know CVs are very closely linked to the domestic economy. So the element of cyclicality cannot be eliminated. But I think next two and a half years, we have a very strong CV cycle on our hand as well."

Sept 16, 2022 1:34 PM

Buy Garden Reach Shipbuilders & Engineers, sell LIC: Ruchit Jain

Here are two recommendations by Ruchit Jain of 5paisa.com
-- Buy Garden Reach Shipbuilders & Engineers for a target of Rs 385-390 with a stop loss at Rs 340 
-- Sell LIC Housing Finance for a target of Rs 419 with a stop loss at Rs 444 

Sept 16, 2022 1:01 PM

Induslnd Bank shares rise over 4%

Shares of IndusInd Bank surged over 4 percent after the re-appointment of Sumant Kathpalia as managing director (MD) and chief executive officer (CEO) of the company. (Read more)

Sept 16, 2022 12:41 PM

Large Trade | 3.67 lakh shares of United Breweries worth Rs 60.59 crore change hands 

Stock Market Highlights: Sensex ends 1,093 pts lower and Nifty cracks below 17,600 amid broad sell-off — rupee at 79.74 vs dollar
Sept 16, 2022 12:11 PM

Buy MMFSL, sell Lupin: Mitessh Thakkar

Here are two recommendations by Mitessh Thakkar of earningwaves.com
-- Buy MMFSL for a target of Rs 850 with a stop loss at Rs 815 
-- Sell Lupin for a target of Rs 620-621 with a stop loss at Rs 657 

Sept 16, 2022 12:00 PM

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change