homemarket NewsStock Market Highlights: Financial and oil & gas shares give Sensex a 462 point lift — Nifty50 one point shy of 15,700

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Read Time
Summary

Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 held on to much of their intraday gains in a strong session on Friday. A slide in benchmark commodity prices offered some respite from broadening inflationary pressures to investors globally, amid concerns about aggressive hikes in COVID-era interest rates and their impact on economic growth. Financial, oil & gas, FMCG and auto stocks were the biggest contributors to the gain in headline indices. Broader markets followed suit, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 1.4 percent and 1.8 percent respectively.

Thank you, readers! That's all from CNBCTV18.com's live market coverage on June 24, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on FacebookLinkedInInstagram and Telegram

Download our mobile app for Android and iOS platforms

Jun 24, 2022 5:02 PM

Overweight on FMCG space: Edelweiss Securities' Abneesh Roy

Abneesh Roy, Executive Director-Institutional Equities at Edelweiss Securities, tells CNBC-TV18 he likes stocks such as Hindustan Unilever, Britannia, ITC and Asian Paints from the FMCG basket.

Almost all companies in the FMCG space will benenfit in the second half of the financial year, he says. 

Jun 24, 2022 4:59 PM

Rupee ends lower at 78.35 vs US dollar

On Thursday, it had settled at 78.30 against the greenback.

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Jun 24, 2022 4:34 PM

Three heavyweights contribute more thn 250 points to the gain in Sensex

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Jun 24, 2022 3:59 PM

Market At Close | Sensex and Nifty50 extend gains to second day amid positive global cues

Here are some highlights: 

--Financial and Reliance stocks biggest contributors to gain in Nifty

--IT stocks fall despite a strong quarterly performance and guidance upgrade by Accenture

--OMC stocks fall tracking crude oil rates

--Auto scrips rise for second straight day amid reports of strong demand

--M&M hits a record high 

--Hero MotoCorp, IndusInd, Bajaj Finance, Hindustan Unilever and ICICI Bank top Nifty gainers

--Tech Mahindra, Infosys, Apollo Hospitals top Nifty losers

--Strides Pharma surges 10 percent on positive developments with respect on COVID vaccine

--IDFC, Granules, Crompton Consumer, Info Edge and Manappuram top midcap gainers

--Persistent, Mindtree, HPCL, L&T Info and Mphasis top midcap losers

--Market breadth favours the bulls — advance-decline ratio at 4:1

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Jun 24, 2022 3:45 PM

USD-INR pair lingering in bullish territory due to fears over a global recession: Heena Naik

Heena Naik, Research Analyst-Currency at Angel One, is of the view that the USD-INR is lingering in bullish territory due to fears about a global recession that have triggered huge outflows from debt and equity markets in 2022. If the rupee breaches the 78.40 level against the greenback, there is a possibility of the next key level being at 78.60, she says.  

"A fall in the forward premiums of the USD-INR spot due to the RBI’s trading strategy and plausible dollar shortage has led to bigger carry trade unwinds. This rangebound-to-bullish bias is going to remain in the USD-INR spot for some time," Naik adds.

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Jun 24, 2022 3:21 PM

Power Grid shares trading at Rs 209

Jun 24, 2022 3:03 PM

Dwarikesh Sugar see a sharp spike, at day's high

Jun 24, 2022 2:52 PM

Tata Chemicals at Rs 806.1, almost 1% off day's low

Jun 24, 2022 2:45 PM

15-20% of our sales are in the replacement market: Abhishek Somany of Somany Ceramics

Jun 24, 2022 2:30 PM

CLSA on SBI

CLSA gives a 'buy' rating on the shares of SBI with a target price of Rs 615.

-- Growth, margin & asset quality are all heading in the right direction

-- Credit growth holding up, better than expectations

-- High certainty of improving margin

-- Valuations are undemanding

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Jun 24, 2022 2:19 PM

Okinawa Autotech releases statement on fire in Mangalore showroom 

Jun 24, 2022 1:56 PM

Recession in the US does not affect the banking sector in terms of loan demand: Sunil Subramaniam

Sunil Subramaniam, MD & CEO, Sundaram Mutual Fund said, “I see a period of earnings growth of the banking and the larger NBFCs coming in ahead of market expectations and they are not linked to the external world...recession in the US does not affect the banking sector in terms of loan demand, credit growth will grow based on the capex driven growth that India is facing." "So I see banking as an all-weather sector, if you name it, which is a reasonably good place to do your allocation,” he added.

Jun 24, 2022 1:40 PM

Staples have been impacted by inflation: K Ramakrishnan

Stock Market Highlights: Financial and oil & gas shares give Sensex a 462-point lift — Nifty50 one point shy of 15,700
Jun 24, 2022 1:20 PM

JK Paper shares rise 4%

The company will cross Rs 5,000 crore revenue in FY23. The writing and printing paper segment will see 3-4% growth, AS Mehta of JK Paper told CNBC-TV18.

Jun 24, 2022 12:59 PM

Most Read

Share Market Live

View All
Top GainersTop Losers
CurrencyCommodities
CurrencyPriceChange%Change