Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 17, 2023. Stay tuned for other updates on our website: CNBCTV18.com.

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Jul 17, 2023 3:56 PM

Market Update | Geojit's Vinod Nair On Market

"Despite the mixed performance observed in the Asian market due to China's underwhelming GDP data, the Indian market exhibited resilience, in anticipation of a bumper Q1 result. Nifty50 Q1 consolidated PAT is projected to grow by more than 20 percent year-on-year, which can upgrade the full year earnings growth of FY24. Small caps outperformed as comparatively valuations are attractive trading below the long-term average compared to large and mid-caps," says Vinod Nair, Head of Research at Geojit Financial Services.

Jul 17, 2023 3:55 PM

Market At Close | Indices At Record Highs

Reliance ends at 52-week high, nearly two percent away from all-time high.

Route Mobile slides 17 percent from highs, promoter to sell entire stake at Rs 5,922 crore.

Ashok Leyland ends nearly one percent higher as company bags defence orders worth Rs 800 crore.

HDFC Bank surges two percent after in-line set of Q1 earnings, NIM remains flat sequentially.

Central Bank climbs more than three percent following strong first quarter results.

Zee Enterprises rises six percent after company constitutes interim committee to run operations .

ONGC slips nearly two percent after government hikes windfall tax on crude production.

Avenue Supermarts ends over three percent, lower after weak first quarter earnings.

Market breath favours advances, advance-decline ratio at 3:2.

BSE companies market capitalisation hits record high of Rs 303 lakh crore.

Jul 17, 2023 3:48 PM

Market At Close | Nifty Ends Above The 19,700-Mark For The First Time Ever

The index climbed 700 points in 12 sessions.

Reliance contributed 46.4 points to the index upside, while HDFC Bank contributed 38.4 points.

Sectorwise, financials contributed 88.8 points to the Nifty upside, while oil and gas stocks contributed 44.5 points.

Jul 17, 2023 3:39 PM

Market At Close | Sensex, Nifty 50 End At Record Closing Highs For The Second Consecutive Day

Sensex, Nifty and Midcap index hit record highs, Nifty breaks above 19,700.

Nifty Bank surges 1.5 percent led by HDFC Bank following in-line first quarter earnings.

Nifty IT hits 52-week high intra-day, ends near flatline, up for third straight day.

Jul 17, 2023 3:32 PM

Nifty 50 Live | Surpasses The 19,700 Mark

Jul 17, 2023 3:18 PM

Market Live | Sensex Up 400 Points, Nifty 50 Above 19,650

The Sensex is trading 400 points or 0.6 percent higher at 66,460.4, while Nifty 50 is at 19,689.65, up 125.15 points or 0.6 percent.

Jul 17, 2023 3:03 PM

Castrol India Share Price Updates | Shares Recover From Lows

The shares are trading 0.1 percent higher at Rs 132.05 apiece, not far from a 52-week high of Rs 137.65.

Jul 17, 2023 2:54 PM

Bernstein's best idea for the second half of calendar year 2023 is an underperforming pharma stock

Biocon Ltd is brokerage firm Bernstein's best idea for the remainder of calendar year 2023. The brokerage has assigned an outperform rating on the Bengaluru-based company with a price target of Rs 314. The price target implies a potential upside of 19 percent from Friday's closing.

Jul 17, 2023 2:32 PM

Share Market Update | Indiacharts.com's Rohit Srivastava On IT

"The IT rally is not over. In fact, the rotation I was talking about is now shifting towards these two sectors, which were not participating for so far. The first is of course, technology and the second is metals. Now further to add on technology, there is a seasonal factor also. We had highlighted this in my previous interactions, July ends up being one of the best months for IT. So the historical return at the start of the month was 4.7 percent or 4.8 percent. This month has almost given a 6.7 percent return so far, which moves up the long term average to around 5.3 or so. So it's a pretty good month in line with the seasonal trend, where July has mostly been a positive month for the tech stocks. So that's another reason to think that it's not over," says Rohit Srivastava, Founder & Strategist, Indiacharts.com.

Jul 17, 2023 2:23 PM

Market Live | Nifty Bank Above 45k After HDFC Bank Reports Earnings

- The index is trading at 45,103.7, up 283.4 points or 0.6 percent.

- Seven index stocks are trading in the green, while five stocks are in the red.

- Federal Bank, HDFC Bank, SBI are the top index gainers.

- Bandhan Bank, AU Bank, IDFC First Bank, are the top losers.

Jul 17, 2023 2:14 PM

This retail stock is a good long term compounding story

Experts say, from a two years perspective, this stock is a good compounding story and is seen as a good proxy to the overall consumption compounding story in India.

Jul 17, 2023 2:04 PM

Here's what the Route Mobile-Proximus deal will look like

Belgium-based Proximus Group, a provider of digital services, communication and ICT solutions in Belgium and the international markets, has signed a definitive agreement to acquire a majority stake in Route Mobile.

Jul 17, 2023 1:49 PM

Route Mobile Share Price Update | Shares Fall After Hitting 52-Week High, Down 5%

Route Mobile announced that its promoters entered into a share purchase agreement with Proximus Opal S.A. / N.V. and Proximus S.A. to sell their entire 57.56 percent shareholding.

Jul 17, 2023 1:32 PM

HDFC Bank Q1 Results | Shares Near Intraday High Post Earnings

Jul 17, 2023 1:21 PM

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