Stock Market Highlights: Sensex surges 760 pts as market scales one-month peaks — rupee at all-time low

Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 18, 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

Positive on HUL: Hemang Jani 

Hemang Jani of Motilal Oswal Financial Services is positive on Hindustan Unilever. "People are looking beyond the quarterly performance, and even the cut in the palm oil prices and the progress of the monsoon; there is a sense that things will look much better," he tells CNBC-TV18. 

"We have to wait for the quarterly numbers and the management guidance in terms of rural demand... HUL, Godrej Consumer Products and Britannia these are the three names that we like within the sector," he adds. 

Rupee at all-time low vs US dollar

Market At Close | All-round gains lead Sensex and Nifty50 higher

Here are some highlights:

--Headline indices hit more than one-month closing highs

--Financial and IT shares top contributors to gain in main indices

--Metal stocks rise on improving global prices — Hindalco top Nifty gainer

--Bharti Airtel surges on positive developments with respect to 5G auction

--HDFC Bank falls following mixed set of earnings

--NBCC, Hindustan Copper, L&T Infotech, Voltas, Cholamandalam Investment top midcap gainers

--FMCG stocks fall as palm oil rises 10 percent — Godrej Consumer down two percent

--Zydus, Laurus, CONCOR, Jubilant FoodWorks and LIC slide 

--Crude oil rises in line with equities — Brent back above $100/bbl

--Rupee fails to hold on to opening gains, hits record closing low of 79.97 vs US dollar

Not very bullish from a long-term perspective: Aequitas Consultancy's Siddhartha Bhaiya 

Siddhartha Bhaiya, MD and Fund Manager at Aequitas Consultancy, tells CNBC-TV18 that he is not very bullish on the market from a long-term perspective. "Going into 2022, we had a lot of global excesses, whether it was the Nasdaq, ETFs, crypto, the domestic private space, the unlisted space or the IPOs... There are going to be repercussions of a lot of these excesses going forward," he says. 

HUL shares recover most of day's losses

Hindustan Unilever shares are down by Rs 9.8 or 0.4 percent at Rs 2,559 apiece on BSE, having fallen as much as 1.4 percent earlier in the day.

The FMCG major will report its financial results for the April-June period on Tuesday. 

Buy Tata Motors, RBL Bank: Himanshu Gupta

Here are two recommendations by Himanshu Gupta of Globe Capital:

-- Buy Tata Motors for a target of Rs 464-468 with a stop loss at Rs 444 

-- Buy RBL Bank for a target of Rs 90 with a stop loss at Rs 83 

Phoenix Mills, Bajaj Finance: Dharmesh Shah

Dharmesh Shah, Head Technical at ICICI Direct

-- Buy Phoenix Mills for a target of Rs 1,420. with a stop loss at Rs 1,115 

-- Buy Bajaj Finance with a target of Rs 6,490

Bank of Maharashtra at day's high

Bhansali Engineering back in red