Thank you, readers! That's all from CNBCTV18.com's live market coverage on December 26, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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Dec 26, 2022 3:59 PM
Rupee Check | Rupee ends higher at 82.65 vs dollar
Dec 26, 2022 3:45 PM
Market at Close | Sensex and Nifty snap four-day losing streak
-- Nifty reclaims 18,000 mark led by financials, midcap index outperforms
-- All sectoral indices trade in the green except Nifty Pharma
-- Nifty PSU Bank surges as much as 7.6 percent, Union Bank top Midcap gainer, up 20 percent
-- Poonawalla Fin amongst top Midcap gainers after most gives buy rating on company
-- Suven Pharma slips 4.7 percent as Advent enters into share purchase agreement 50.1 percent stake in company
-- Inox Green up 10 percent on acquisition in an independent O&M wind service provider
-- 39 of 50 nifty stocks close higher with stocks gaining up to four percent
-- Divi’s, Cipla, DRL, Nestle and Tata Cons end the session lower, are top losers
-- IndusInd Bank, SBI, Hindalco, Tata Steel and Coal India, are top gainers on Nifty
-- Yes Bank and Bharat Dynamics rise more than 10 percent each, are top midcap gainers
-- Strides Pharma, Dr Lal Pathlabs, Lupin and IPCA Labs are top Midcap losers
-- Market breadth firmly favours advances, advance-decline ratio at 6:1
Dec 26, 2022 3:33 PM
Stock Market Update | Seeing railway capex on a strong momentum : Satish Ramanathan
"We also expect manufacturing and infrastructure stocks to perform reasonably well, because the momentum is strong. We are seeing railway capex on a strong momentum and we see that continuing. So it's just that we need to wait and watch. If we can use volatility to fine tune our entry point into these stocks, but the story remains the same," Satish Ramanathan, CIO-Equity, JM Financial Asset Management.
Dec 26, 2022 3:30 PM
Stock Market News | How is Mazagon Dock benefitting from the Defence Acquisition Council approvals
Mazagon Dock told CNBC-TV18 that the allocation to shipbuilding from this recent push is close to Rs 3,000 crore. (Read more)
Dec 26, 2022 3:20 PM
Stock Market News | Is Power Finance Corporation a re-rating candidate?
Shares of Power Finance Corporation have risen nearly 40 percent in the last two months. (Read more)
Dec 26, 2022 3:07 PM
Stock Market News | Poonawalla Fincorp shares gain the most in seven months after Motilal Oswal projects 27% upside
Motilal Oswal's price target implies a potential upside of close to 28 percent from Friday's closing levels. (Read more)
Dec 26, 2022 2:43 PM
Stock Market Update | Nifty PSU Bank index is the top sectoral gainer
-- The Nifty PSU Bank index is up 240 points or 6.2 percent at this hour.
-- Indian Overseas Bank, Union Bank, Bank of India, Bank of Maharashtra stocks are the top gainers, rising between 7-12 percent.
-- Barring Punjab and Sind Bank, which is down 3.2 percent, all other constituents of the Nifty PSU Bank are trading with gains.
Dec 26, 2022 2:30 PM
Stock Market Update | First-stage of the deal is done, deal value is at Rs 9,049 crore on enterprise value: Sandeep Garg of Welspun Enterprises tells CNBC-TV18
Here are some other outcomes from Garg's interaction with CNBC-TV18:
-- 51% equity of the Delhi-Panipat projects will be divested post receiving approvals.
-- Rs 3,500 crore of debt will be transferred post-deal, net debt is at Rs 850 crore.
-- Order visibility is strong in water segment.
-- Road orderbook is improving, competitive intensity is easing.
-- Road segment has a mixture of EPC and HAM projects.
Dec 26, 2022 2:13 PM
Banking sector to do reasonably well in 2023: Satish Ramanathan
"I think banks will continue to have their earnings momentum, credit growth is coming off a very low base and asset quality is good and therefore provisioning costs are low. They would find tightness in the markets to raise money but we think spreads could expand as well, because the borrowers will have to pay more for borrowing money. That's going to be the central theme for the first half of this year, banking sector to do reasonably well," says Satish Ramanathan, CIO-Equity, JM Financial Asset Management.
Dec 26, 2022 1:58 PM
Buy MCX, M&M Financial: Himanshu Gupta
Here are two recommendations by Himanshu Gupta of Globe Capital:
-- Buy MCX for a target of Rs 1,600 with a stop loss at Rs 1,550
-- Buy M&M Financial for a target of Rs 238-240 with a stop loss at Rs 225
Dec 26, 2022 1:46 PM
Stock Market News | India Glycols transfers entire stake in JV to Gateway Dsitriparks for Rs 61 crore
An affiliate company of India Glycols has also transferred 6.61 percent shareholding, or 4.18 lakh shares, of KIFTPL to Gateway Distriparks. (Read more)
Dec 26, 2022 1:40 PM
Buzzing Stock | IndusInd Bank is the top Nifty gainer
-- The stock is up 3.3 percent at this hour.
-- The bank's shares have jumped 33.7 percent this year.
Dec 26, 2022 1:22 PM
Stock Market News | Here is why CONCOR and Tata Motors are on the street radar
Shares of Container Corporation of India (CONCOR) and Tata Motors are near the lows that they hit earlier this year (Read more)
Dec 26, 2022 1:09 PM
Large trade | Torrent Pharma
2 lakh shares or 0.1 percent equity worth Rs 31.4 crore change hands
Dec 26, 2022 12:51 PM
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