Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 19, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News
And on Facebook, LinkedIn, Instagram and Telegram
Download our mobile app for Android and iOS platforms
Bajaj Finance an amazing stock: Deepak Shenoy
Deepak Shenoy, Founder of Capitalmind, is of the view that the only thing that is going to stop Bajaj Finance shares is an overall drop in credit growth. "Credit growth is really good. We have not invested largely because the valuation scares us, but in general, if they continue to have earnings growth at these kinds of levels, of 25-30 percent plus, it might still be a reasonable candidate for a 5-8 year period even though the initial current volatility might take it down in the short term," he tells CNBC-TV18.
"It's still much below its all-time high made earlier this year, so it's not showing any signs of momentum but it's a good stock to own. We have just probably missed the bus. We will probably get back in it at another point, but it definitely does look attractive," he adds.
Market At Close | Sensex and Nifty50 bag minor gains after rangebound session
Here are some highlights:
--HDFC, bajaj finance and Infosys aid market rebound
--M&M top Nifty gainer following 30 percent stake sale in renewable energy arm
--Bajaj finance rises three percent and SBI two percent after positive brokerage reports
--Tata Steel, Tata Motors, Britannia and PowerGrid top Nifty losers
--Can Fin Homes, GNFC and Delta Corp top midcap losers with huge volumes
--Metal stocks under pressure on global uncertainty — Vedanta and Nalco down three percent
--India Cements continues to gain momentum — stock surges 10 percent
--Ambuja Cements rises nine percent after co's issuance of warrants
--Escorts Kubota surges eight percent after management says JV getting into the black by year ending March 2024
--Market breadth favours the bears — advance-decline ratio at 2:3
Can Fin Homes shares drop after Girish Kousgi resigns as MD and CEO
Can Fin Homes finish the day down 7.3 percent at Rs 589.6 apiece on BSE, having slumped as much as 8.8 percent during the session, after Girish Kousgi resigns as MD and CEO with effect from today.
The stock trades with a multifold surge in volumes. A total of 4.2 lakh Can Fin shares change hands on BSE during the session, as against a daily average of 25,000 in the past two weeks, according to exchange data.
India Pesticides looking at Rs 100-125 crore capex over 4 year: CEO Dheeraj Kumar Jain
Dheeraj Kumar Jain, CEO of India Pesticides, tells CNBC-TV18 that the company is looking at capital expenditure of Rs 100-125 crore over the next four years. “We would be increasing our capacity by another 4,000 tonnes by March 2023 by adding one more intermediate, which is largely imported. Apart from this, we have already bought under our 100 percent subsidiary a piece of land near Kanpur of about 25 acres. There we are going to expand further project work," he says.
ICICI Bank, LIC Housing Finance, Yes Bank and Tata Steel at day's lows
Some of the other stocks at their weakest levels of the day at this hour are Spandana Sphoorty, REC, Aditya Birla Capital and NTPC.
Here's a look at the top F&O laggards:
--Can Fin homes
--Delta Corp
--GNFC
--Gujarat Gas
--L&T Tech
--Aurobindo Pharma
--Indus Towers
--SAIL
--Vedanta
--Birlasoft
--IEX
--GSPL
Have 8% share in Rs 4,000 crore market: Go Fashion's Gautam Saraogi
Reliance rises and ONGC falls after Centre's windfall tax move
Reliance Industries shares rise but Oil & Natural Gas Corp (ONGC) declined amid mixed moves across the oil & gas pack. The government has lowered a windfall tax on domestically-produced crude oil, and the export of diesel and jet fuel. (Read more)
Currency | Price | Change | %Change |
---|