homemarket NewsStock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
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Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 fell on Wednesday, snapping a two-day winning run, amid weakness across most sectors. Barring the Nifty FMCG, all of NSE's sectoral indices finished lower. Broader indices Nifty Midcap 100 and Nifty Smallcap 100 fell around one percent each. Globally, nervousness persisted among investors ahead of a key decision by the Fed's rate-setting panel. The US central bank is widely expected to zero down on a 75 basis-point hike in the key lending rates.

Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 21, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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Sept 21, 2022 4:13 PM

Market At Close | Sensex and Nifty50 snap 2-day winning run ahead of Fed policy announcement

Here are some highlights: 

--Cement stocks see profit booking — ACC top loser

--Adani stocks tumble — group companies lose market cap of nearly Rs 1 lakh crore

--Borosil Renewables and Sterling & Wilson rise after Cabinet nod for solar modules PLI

--Financial stocks under pressure — IndusInd Bank top loser with three percent fall

--Britannia, HUL, ITC and Apollo Hospitals rise 

--ACC, Ambuja, JK Cement, Indiabulls Housing and Ramco Cements top midcap losers

--Market breadth favours the bears — advance-decline ratio at 2:5

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 3:57 PM

Rupee closes lower at 79.99 vs dollar   

On Tuesday, the rupee had settled at 79.99 against the greenback.

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 3:33 PM

Buy MCX crude oil futures at Rs 6,750: Motilal Oswal Financial Services' Amit Sajeja

Amit Sajeja, VP-Technical Commodities and Currencies Analyst-Commodities at Motilal Oswal Financial Services, suggests buying the September futures of crude oil on MCX for a target price of Rs 7,150 with a stop loss at Rs 6,500. 

"MCX crude oil has formed a reverse head and shoulders pattern (which is a bullish reversal pattern) on the 120-minute chart, suggesting a short-covering move. Strong support is seen around Rs 6,500 and the price has the potential to test the pattern target around resistance at Rs 7,150. Buying on dips is advised," he tells CNBCTV18.com. 

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 3:23 PM

ITC at day’s high

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 3:04 PM

Buy IIFL Finance, SW Solar: Rahul Sharma

Here are two recommendations from Rahul Sharma of Equity99 Advisors: 

--Buy SW Solar for a target of Rs 340-350 with a stop loss at Rs 310 

--Buy IIFL Finance for a target of Rs 390 with a stop loss at Rs 358 

Sept 21, 2022 2:33 PM

75 bps is the new 25 bps: S&P Global's Paul Gruenwald on Fed rate hike

Paul Gruenwald, Global Chief Economist at S&P Global Ratings, says a 75 basis-point hike in the key rate by the Fed is the baseline. "The new 25 is 75," he says.

"Central banks are behind the curve, especially in the advanced markets... US inflation is still printing quite strong. We are way above the two percent target. So the Fed is barely neutral. We think they have got more work to do perhaps a terminal rate of greater than 4 percent. So a 75 bps hike looks like a good bet for this week," he tells CNBC-TV18.

Sept 21, 2022 1:58 PM

Info Edge to invest Rs 80 crore Metis Eduventures

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 1:47 PM

JPMorgan's Mixo Das says India in the middle of a multi-year bull market

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 1:30 PM

Volkswagen India to raise prices by up to 2% across portfolio: Bloomberg 

Sept 21, 2022 1:18 PM

Buy ACC, Hindustan Unilever: Sacchitanand Uttekar

Sacchitanand Uttekar of Tradebulls shares three trading calls: 

--Buy ACC for a target of Rs 2,700 with a stop loss at Rs 2,420 

--Buy HUL for a target of Rs 2,680 with a stop loss at Rs 2,595 

--Sell Tata Motors for a target of Rs 405 with a stop loss at Rs 435 

Sept 21, 2022 1:13 PM

Sensex and Nifty50 extend losses amid market-wide sell-off

Indian equity benchmarks fall close to one percent amid selling pressure across most sectors, as nervousness set in among investors globally after Russian President Vladimir Putin's remarks that the West is seeking to weaken and destroy Russia, which will take necessary steps to defend its sovereignty. Putin also said Russia will begin partial military mobilisation events on Wednesday.

The Sensex drops as much as 444.3 points to 59,275.4 and the Nifty50 slides to as low as 17,663.6, down 152.7 points from its previous close. Equities in other Asian markets remain under pressure, with MSCI’s broadest index of Asia Pacific shares outside Japan tumbling 1.2 percent. European and US futures are down about 0.3 percent each.

Sept 21, 2022 12:46 PM

Buy Britannia, sell DLF: Mitessh Thakkar

Here are two trading recommendations from Mitessh Thakkar of earningwaves.com: 

--Buy Britannia for a target of Rs 3,900 with a stop loss at Rs 3,730 

--Sell DLF for a target of Rs 372 with a stop loss at Rs 390 

Sept 21, 2022 12:27 PM

TVS Motor Company rolls out Apache RTR 160 2V with ABS in Bangladesh   

Stock Market Highlights: Sensex ends 263 pts lower and Nifty slides below 17,750 — rupee depreciates to 79.98 vs dollar
Sept 21, 2022 12:11 PM

Buy TVS Motor and Cipla: Chandan Taparia

Chandan Taparia, Derivatives and Technical Analyst at Motilal Oswal Financial Services, shares three trading calls: 

--Buy TVS Motor Company for a target towards Rs 1,130 with a stop loss at Rs 1,055 

--Buy Cipla for a target towards Rs 1,130 with a stop loss at Rs 1,060 

--Sell IOC for a target towards Rs 65 with a stop loss at Rs 72 

Sept 21, 2022 11:57 AM

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