Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 14, 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
Continue to hold SBI shares: Ruchit Jain
Ruchit Jain of 5paisa.com suggests holding on to SBI shares. "Rather than just looking at the day-to-day price movement, I think until you need that money for some purpose, it is better to hold this outperformer stock," he tells CNBC-TV18.
"Even if you look at the entire banking basket, the last few months from the lows when the Nifty Bank has moved up two stocks from the largecap banking space one is ICICI Bank from the private sector and SBI among the PSU banking stocks have done relatively quite well compared to others. There is no change in the trend. So my advice would be to continue to hold on and ride this trend from a mid to long term perspective," he adds.
Market At Close | Headline indices stage sharp recovery from day's lows
Here are some highlights:
--Nifty Bank at record closing high
--Four of top 5 Nifty losers IT stocks: Infosys, TCS, Tech Mahindra and HCL Tech
--Vedanta surges 10 percent after company's chip unit investment in Gujarat
--Cement stocks extend gains — Ambuja, India Cements, Dalmia and ACC rise up to eight percent
--IndusInd jumps four percent after positive brokerage reports
--Mkt breadth improves but remains in favour of the bears — advance-decline ratio at 2:3
Underperforming defence player expects 60 percent revenue growth in FY23
Nuclear, space, and defence equipment manufacturer MTAR Technologies is looking at its revenue growing between 55 percent and 60 percent in the current financial year. (Read more)
Mumbai-Pune toll tariff hike of 18% due from April 1, 2023, says IRB Infra
The tariff hike on the Mumbai-Pune expressway is due next year from April 1, 2023, Tushar Kawedia, CFO at IRB Infrastructure told CNBC-TV18, a day after the firm posted strong toll collection revenues in August. (Read more)
ICICI Bank, SBI and HDFC top picks in banking space: Nischal Maheshwari
Nischal Maheshwari, CEO-Institutional Equities & Advisory, Centrum Broking, said, "working capital requirements are there and then there is strong underlying demand in the economy also. So I think both ways plus clean balance sheets, very well capitalized balance sheets." Maheshwari thinks all these things are now kicking in for banks after almost a period of five years. "Our top picks still remains to be the large caps out there. ICICI Bank, State Bank of India (SBI) and HDFC in that order, basically is what we like in banks."
Buy United Spirits, Canara Bank: Aditya Agarwala
Here are two recommendations by Aditya Agarwala of Invest4edu:
-- Buy United Spirits for a target of Rs 880-900 with a stop loss at Rs 835
-- Buy Canara Bank for a target of Rs 255 with a stop loss at Rs 243
Funding for chip unit JV in Gujarat will come from the listed entity, Vedanta: Anil Agarwal
Currency | Price | Change | %Change |
---|