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Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 fell on Thursday tracking weakness across global markets, as investors digested another supersized rate hike by the Fed and its commitment to keep up increases into 2023 to fight red-hot inflation. Losses in financial and oil & gas pulled the headline indices lower, though gains in FMCG stocks lent some support. Fed Chair Jerome Powell vowed that he and his fellow policymakers would "keep at" their battle to beat down inflation.

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Sept 22, 2022 5:26 PM

Financial stocks pull headline indices lower

On the other hand, FMCG and auto shares prevent headline indices from deeper cuts. 

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 4:10 PM


Market Closes Largely Lower Amid Volatility Post Hawkish Fed Commentary

Financials Underperform With Nifty Bank Falling Over 1%; HDFC Bk, ICICI Top Losers

Midcap Index Rises 418 Points From Lows To Close 107 Points Higher

Midcap Outperformance Keeps Mkt Breath Neutral, Adv-Decline Ratio 1:1

Sensex Slips 337 Points to 59,120 & Nifty 89 Points To 17,630

Nifty Bank Slips 573 Points To 40,631 While Midcap Index Rises 107 Points To 31,826

FMCG Names Continue The Gaining Momentum, ITC, Britannia & HUL Up 1-3%

Titan, Asian Paints, Eicher, Maruti Are Top Nifty Gainers

Tata Chem Surges 55 To Close Near 52-week High Post Positive Commentary

Page Ind Rises To Record High With Stock Gaining 10% In Last 4 Sessions

Metropolis, Granules, Guj Gas, Marico, Dr Lal, Dabur, Indian Hotels Top Midcap Gainers

India Cements Take A Sharp Knock In Last Hour, Stock Closes With A Cut Of 5%

City Union Bank, Godrej Cons, BoB, Muthoot Fin, Godrej prop Top Midcap Losers

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 3:58 PM

Rupee at record closing low of 80.86 vs dollar

On Wednesday, the rupee had settled at 79.98 against the greenback.

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 3:42 PM

Like TCS and Persistent from IT space: Kivah Advisors' Mithun Aswath 

Mithun Aswath, Managing Partner at Kivah Advisors, tells CNBC-TV18 that largecap IT companies not going to give a CAGR of 20 percent but 12-15 percent instead but make good opportunities to invest.

"If you look at this stocks under our coverage, on the largecap side, we are playing companies like TCS. On the midcap side, we are monitoring stocks like Persistent Systems," he says. 

Sept 22, 2022 3:20 PM

US futures suggest a strong start ahead on Wall Street

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 2:55 PM
Sept 22, 2022 2:21 PM

Buy Cochin Shipyard, Marico: Jay Thakkar

Here are the recommendations by Jay Thakkar of Marwadi Shares & Finance
-- Buy Cochin Shipyard for a target of Rs 495 with a stop loss at Rs 403 
-- Buy Marico for a target of Rs 580 with a stop loss at Rs 540 

Sept 22, 2022 2:01 PM

Titan at day's high

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 1:41 PM

We are very interested in the defence space: Jyotivardhan Jaipuria

Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, said, “We are very interested in the defence space. We are looking at it, we are buying it. Obviously, in terms of share price, there will be some challenges along the way because a lot of these orders are lumpy and we have seen a lot of share price movement already." According to Jaipuria, the sector will make a lot of money over the next 3-5 years. "It may not be in a straight line, and maybe some of these stocks need to consolidate short-term.”

Sept 22, 2022 1:33 PM

Apollo near day's high 

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 1:04 PM

Sell BHEL, Hindalco: Himanshu Gupta

Here are two recommendations by Himanshu Gupta of Globe Capital
-- Sell BHEL for a target of Rs 55 with a stop loss at Rs 60 
-- Sell Hindalco for a target of Rs 395-390 with a stop loss at Rs 411 

Sept 22, 2022 12:06 PM

US Fed commentary spooks global markets

Stock Market Highlights: Sensex ends 337 pts lower and Nifty slides below 17,650 — rupee sinks to record low of 80.86 vs dollar
Sept 22, 2022 11:36 AM

Buy Marico and L&T Tech: Sacchitanand Uttekar

Here are two recommendations from Sacchitanand Uttekar of Tradebulls: 

--Buy Marico for a target of Rs 555-570 with a stop loss at Rs 536 

--Buy L&T Technology Services for a target of Rs 3,580 with a stop loss at Rs 3,420 

Sept 22, 2022 11:17 AM

Buy Cummins, Axis Bank and Bajaj Finance: Ashish Chaturmohta

Ashish Chaturmohta, Director and Head-Research at JM Financial Services, shares four trading calls: 

--Buy Cummins for a short-term target of Rs 1,350 with a stop loss at Rs 1,210: The stock is poised for Rs 1,450-1,500 kind of levels in 2-3 months, he says.

--Buy Axis Bank for a short-term target of Rs 850-860 with a stop loss at Rs 785

--Buy Bajaj Finance for a short-term target of Rs 8,000 with a stop loss at Rs 7,540 

--Sell Godrej Properties for a short-term target of Rs 1,220 with a stop loss at Rs 1,305 

Sept 22, 2022 11:16 AM