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Dec 29, 2022 3:55 PM

Market at Close | Sensex and Nifty end higher as market stages sharp recovery

-- Market breadth improves but remains neutral, advance-decline ratio at 1:1

-- Sensex closes 224 points higher at 61,134 and Nifty 69 points higher at 18,191

-- Nifty Bank surges 763 points from lows to close 425 points higher at 43,252

-- ICICI, HDFC Bank, SBI and Bharti Airtel top Nifty contributors to the upside

-- All Nifty bank constituents close in the green, ICICI and HDFC Bank top gainers

-- Bharti Airtel rises more than two percent as reports say the company plans to list payments bank

-- DRL closes in the green but off highs following positive court order on Revlimid

-- Reports of lower cement prices m-o-m drags stocks like Shree Cem and JK Cements

-- Shriram Finance slides seven percent as new shares got available for transactions

-- Indiabulls Housing, Pfizer, Federal Bank, BoB, LTI Mindtree , JSPL top midcap gainers

Dec 29, 2022 3:44 PM

Rupee Check | Rupee ends higher at 82.81 vs dollar

Dec 29, 2022 3:38 PM

Stock Market Update | United India Insurance invites bids to sell stake in NSE: Sources to CNBC-TV18

-- Invites bids to sell 0.5 percent stake

-- Likely to set the floor price at Rs 2,800 per share

-- To raise Rs 700 crore, value NSE at Rs 1.4 lakh crore

-- Post the sale, United India Insurance will be left with 0.5 percent stake in the stock exchange

Dec 29, 2022 3:30 PM

Stock Market Update | Nifty 50 back above 18,100

-- Nifty 50 is trading 0.2 percent higher

-- SBI, Tata Steel and Bharti Airtel are top gainers, rising between one to 1.5 percent

-- 23 stocks from the Nifty 50 basket are trading with gains

Dec 29, 2022 3:28 PM

Buzzing Stock | Bharti Airtel is the top Nifty gainer

-- The stock is up two percent

-- Recovered eight percent from day's low

-- Airtel has now gained over 20 percent in 2022

Dec 29, 2022 3:15 PM

Stock Market Update | Nifty 50 back above 18,100

-- Nifty 50 is trading 0.2 percent higher

-- SBI, Tata Steel and Bharti Airtel are top gainers, rising between one to 1.5 percent

-- 23 stocks from the Nifty 50 basket are trading with gains

Dec 29, 2022 3:03 PM

Stock Market Update | Tata Consumers arm to acquire additional 23.3% stake in Joekels Tea Packers for Rs 43.6 crore

-- Tata Consumer Products Overseas Holdings Ltd, step-down wholly-owned subsidiary of the company to purchase share capital of Joekels Tea Packers (Proprietary) Ltd, Republic of South Africa.

-- The acquisition is for a consideration value of Rs 43.7 crore.

-- The holding of TCP Overseas in Joekels will increase from 51.7 percent to 75 percent.

Dec 29, 2022 2:50 PM

Buzzing Stock | JK Cement among top losers

- Shares of the cement company are falling in line with peers

- Stock trading with losses of 3.5 percent

- Stock down for the third straight day and has declined in four out of the last five trading sessions

- The stock is down close to 18 percent year-to-date

Dec 29, 2022 2:34 PM

Stock Market Update | We are looking at acquisitions for backward integration: Sorab Agarwal of ACE

Here are some other takeaways from Agarwal's interaction with CNBC-TV18:

-- Expect 15 percent growth in agricultural business in FY24; FY23 was impacted by inflation.

-- 55-60 percent of business takes place in H2; Q3 and Q4 will be better than Q2.

-- Q3 will be the best ever quarter for the company.

-- Have cash of Rs 250-300 crore on books

Dec 29, 2022 2:18 PM

Stock Market Update | Transformers and Rectifiers (India) receives orders of Rs 123 crore

-- Awarded orders of transformers for total contract value of Rs 123 crores from one of the central utility

-- Company’s order book as on date stands at Rs 1,513 crores

Dec 29, 2022 2:11 PM

Stock Market Update | Buy RBL Bank, Anant Raj: Rahul Sharma

Here are two recommendations by Rahul Sharma of Equity99 Advisors

-- Buy RBL Bank for a target of Rs 190 with a stop loss at Rs 167.

-- Buy Anant Raj for a target of Rs 120 with a stop loss at Rs 95

Dec 29, 2022 1:59 PM

Stock Market Update | Nifty FMCG is the top sectoral laggard

-- The sectoral index is trading over 350 points lower, down 0.8 percent

-- Britannia, Tata Consumer and UBL are top laggards, falling one to two percent

-- Emami and Radico are only constituents in the green

Dec 29, 2022 1:57 PM

Stock Market Update | Aster DM arm signs share purchase agreement to acquire Adiran IB Healthcare

-- Subsidiary of Aster DM Healthcare to acquire 100 percent stake in Adiran IB Healthcare

-- The cost of the acquisition is Rs 1.6 crore

Dec 29, 2022 1:40 PM

Buzzing Stock | Gail shares in the red

-- The shares are down 0.3 percent

-- The stock has gained for the past three sessions

-- GAIL has risen 10.9 percent this year

Dec 29, 2022 1:27 PM

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