Thank you, readers! That's all from CNBCTV18.com's live market coverage on June 16, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on Facebook, LinkedIn, Instagram and Telegram

Download our mobile app for Android and iOS platforms

Jun 16, 2022 4:48 PM

Clear that FII selling is pulling market down: Centrum Wealth Management's Devang Mehta

Devang Mehta, Head-Equity Advisory at Centrum Wealth Management, is of the view that sustained FII selling is clearly behind the fall in the market.

"All the factors around the world are more or less discounted in the price, so the strategy at this point has to be probably to buy on dips. The most important thing is that one should keep the faith at this point and start buying companies that are sort of deleveraged and are market leaders in their fields,” he says.

Jun 16, 2022 4:20 PM

Rupee ends flat at 78.07 vs US dollar

Jun 16, 2022 3:53 PM

Market At Close | Sensex and Nifty make a sharp U-turn after Fed rate hike

Here are some highlights:

--Sensex and Nifty at 13-month closing lows

--Midcap index and Nifty Bank enter bear market

--Wipro, Tech Mahindra, Tata Steel and Infosys among nine Nifty50 stocks to hit 52-week lows

--Metal stocks top losers

--Nifty Metal plunges five percent — Vedanta and Tata Steel tumble up to seven percent

--Airline stocks drop following a sharp hike in jet fuel Price — IndiGo and SpiceJet down up to six percent

--Tata Motors shares fall as China lockdown hurts outlook

--Most midcap stocks in the red — Strides, Delta, Chambal, JSPL top losers

--Market breadth firmly in favour of the bears — advance-decline ratio at 1:8

Jun 16, 2022 3:42 PM

Not a market to sell into anymore: Ajay Srivastava of Dimensions Corporate Finance

"Indian markets are now reaching a zone of capitulation. So now I have to change my call to say find a way to buy," Ajay Srivastava, CEO, Dimensions Corporate Finance Services told CNBC-TV18.

All this action, depression and wealth destruction will ultimately lead to falling inflation rate, he said. "Our guess is the fall in demand would be much faster than most people visualize, so this is not a market to sell into anymore, I think we rather wait patiently or if you can then dip into selective sectors,” he suggested.

Jun 16, 2022 3:12 PM

ED probe claims: Traced various estates held by accused, have attached total assets worth Rs. 31.20 cr

Jun 16, 2022 2:59 PM

51 percent growth in Direct Tax Collections from April 1 to June 15

Jun 16, 2022 2:44 PM

Don't see an adverse impact of Fed rate hike on India: Ajay Seth

Jun 16, 2022 2:27 PM

15,300 is expected given the kind of selling pressure: Himanshu Gupta

Himanshu Gupta, Globe Capital said, "15,300 is the bear minimum that one can expect given the kind of selling pressure that has exaggerated once we have fallen below that 15,650-15,700 support zone." For somebody who still wants to get into the trade, Gupta advises, "wait for a pullback towards 15,500-15,550 zone, keep a stop loss above 15,600 and on the lower side expect 15,300 in a day or two."

Jun 16, 2022 2:17 PM

Nifty Bank and Nifty Midcap 100 more than 20 percent off from record highs

Jun 16, 2022 2:06 PM

BSE Sensex at 51,732.7

Jun 16, 2022 1:56 PM

Nifty 50 at 15,439.7

Jun 16, 2022 1:50 PM

Sell ITC, Reliance Industries, Axis Bank: Manish Hathiramani

Here are recommendations by Manish Hathiramani of Deen Dayal Investments:

-- Sell ITC for a target of Rs 258 with a stop loss at Rs 268

-- Sell Reliance Industries for a target of Rs 2,500 with a stop loss at Rs 2,740

-- Sell Axis Bank for a target of Rs 620 with a stop loss at Rs 660

Jun 16, 2022 1:38 PM

Nifty50 within kissing distance of 52-week low

Jun 16, 2022 1:28 PM

Nifty Midcap 100 down 20% from day's high

Nifty Midcap Index is now down more than 20% from intra-day record high of 33,243 hit in October 2021

Jun 16, 2022 1:02 PM

Load more