Thank you, readers! That's all from CNBCTV18.com's live market coverage on June 23, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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This is the best time to invest: Prime Securities' N Jayakumar
N Jayakumar, MD at Prime Securities, tells CNBC-TV18 that the Nifty50 may have made a bottom in the 15,000-15,200 range. "That is a good base to start accumulating and building portfolios... To the extent you have marginal cash, you should be deploying it. That's my personal take," he says.
Market At Close | Sense and Nifty50 finish volatile session in the green
Here are some highlights:
--Autos stocks jump amid falling raw material prices and hopes of improving demand
--Nifty Auto clocks its biggest gain of 2022
--Metal stocks fail to hold on to initial gains
--ONGC flat but Oil India rises tracking crude oil rates
--IT basket posts healthy gains ahead of Accenture earnings
--Market breadth favours the bulls with an advance-decline ratio of 2:1
Deven Choksey bullish on auto space
The commercial vehicle segment is looking good because of high demand due to logistic movement as far as industries, and infrastructure projects are concerned and the scrappage policy would also result in more commercial vehicles, Deven Choksey of KRChoksey told CNBC-TV18
"In auto space, we like commercial vehicle, to begin with and then the pent-up demand in the passenger vehicle is also making a case for likes of Maruti to remain strong in the current year,” he said.
Birla's UltraTech Cement vs Adani Group
Adani Group may have stormed into the cement industry by picking Holcim's cement business in India, placing itself in the second spot in the pecking order, but Aditya Birla Group is upping its game, too. Some brokerages say Birla's UltraTech Cement will lead. (Here's why)
Route Mobile back in green
Asian Paints, Maruti Suzuki: Ashish Kyal
Here are recommendations by Ashish Kyal of Waves Strategy Advisors
-- Buy Asian Paints for a target of Rs 2,930 with a stop loss at Rs 2,645
-- Buy Maruti Suzuki for a target of Rs 8,700 with a stop loss at Rs 7,840
Buy Mahindra and Mahindra, Maruti Suzuki, Sapphire: Shrikant Chouhan
Here are some recommendations by Shrikant Chouhan of Kotak Securities:
-- Buy Mahindra and Mahindra (M&M) for a target of Rs 1,040-1,045 with a stop loss at Rs 970
-- Buy Maruti Suzuki with a target of Rs 8,500-8,600
-- Buy Sapphire for a target of Rs 1,200 with a stop loss at Rs 960
Bank stocks down, Nifty bank at 32,836.8
Cement stocks down
UltraTech, Shree Cement & India Cement fall 2 percent each from respective intraday lows. Nifty Commodities trading 0.15 percent down at 4,832.75
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