Thank you, readers! That's all from CNBC-TV18.com's live market coverage on January 3, 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

Jan 3, 2022 5:01 PM

Indian equity valuations justified now? Avendus Olivo's Pathak shares his investment mantra

Valuations on Dalal Street still appear to be higher than their historic averages, but there is a diverse set of opportunities available. That is the message from veteran fund manager Tridib Pathak.

In an interview to CNBCTV18.com, Pathak, Co-head of Equity, Ocean Dial Asset Management India, and Fund Manager at Avendus Olivo, suggested a bottom-up approach to pick stocks to ride the market. (Read more on what else he recommends now)

Jan 3, 2022 4:59 PM

Nifty50's next goal post at 17,777: Mehta Equities' Prashanth Tapse

Prashanth Tapse, Vice President (Research) at Mehta Equities, believes the Nifty50's next goal post at 17,777. "Optimism could reverse and cause a nasty New Year's hangover only if the Nifty slips below 17,211," he said.

Jan 3, 2022 4:53 PM

Remain on long side of market as long as Nifty holds 17,200: Manish Shah

Independent technical analyst Manish Shah remains on the long side of the market as long as the nifty holds the 17,200 mark. "We have been targeting a level of 17,650-17,700 for some time and the Nifty has just hit the zone. It has crossed above a falling 50-day moving average in a positive sign for the market. The MACD is bullish and RSI has crossed above 60. The index now has to hold above the resistance barrier of 17,650-17,700. It is at a major resistance level, and either it will breaks above 17,700 and hold above this barrier or have a corrective decline," he said.

"If the Nifty breaks above resistance at 17,700, we can see further upside towards 18,150-18,200 with support at 17,200," he added.

Jan 3, 2022 4:35 PM

Rupee ends higher at 74.26 against US dollar

The rupee settled at 74.26 against the greenback. On Friday, it had closed at 74.33.

Jan 3, 2022 4:19 PM

Maruti Suzuki interesting from long-term perspective: Dilip Bhat

Dilip Bhat of Prabhudas Lilladher finds Maruti Suzuki still pretty interesting from a long-term perspective. "The way they (Maruti Suzuki) are going about their EVs, that will sooner than later will come into play in a big way... Mahindra and Mahindra (M&M) looks pretty good from the current levels and Ashok Leyland also pretty good. I think Tata Motors because of its EV is really surging in terms of passenger vehicle numbers, but overall, it has already had a good run. So maybe in this order, this is what looks good," he said.

Jan 3, 2022 4:06 PM

Positive on ICICI Bank, Axis Bank, Kotak Bank, SBI, Bank of India: Prabhudas Lilladher's Dilip Bhat

Dilip Bhat, Joint MD at Prabhudas Lilladher, said the New Year has begun quite well for the market in general. "I think it has been led from the front by banks," he said.

"ICICI Bank still appears to be the most preferred bank in the private space. I think Kotak Mahindra Bank will be the other one, and a lot of private banks are competing for leadership. Possibly ICICI Bank seems to be surging ahead in that. So I would still think that ICICI Bank and maybe Axis Bank will be among some of the stocks to look at. Kotak Mahindra Bank will be one of them. Maybe, in public sector banks, SBI and Bank of India, which look pretty interesting," he said.

Jan 3, 2022 4:05 PM

Market At Close | Coal India, Eicher Motors, Bajaj Finance, Tata Steel top blue-chip gainers

Also among the top gainers were ICICI Bank Bajaj Finserv, Tata Motors and Axis Bank. On the other hand, Cipla, Dr Reddy's, M&M, Divi's, Tech Mahindra and Nestle were the only laggards in the Nifty50 pack.

Here's how the 30-strong basket fared:

Jan 3, 2022 3:50 PM

Market At Close | Sensex, Nifty50 welcome New Year with strong gains

Here are some highlights:

--Sharp uptick in ICICI Bank, HDFC Bank lead Nifty Bank above 200-day moving average

--Midcap index starts year with 1.1% gain

--Federal Bank top midcap gainer after lender reports 12% YoY loan growth in Q3

--Reliance, financial stocks lead rally on Nifty; only 6 Nifty stocks in the red

--Eicher Motors top index gainer after Royal Enfield sales jump in December

--Nalco rises 2%; management says Q3 results to beat Q2 performance

--Ashok Leyland above 200-day moving average; medium, heavy commercial vehicle sales rise 11% in December

--RBL Bank rises 5% after sharp decline last week

--Barring Nifty Pharma, all sectoral indices in the green

--Market breadth favours bulls; 3 stocks in the green today for one in the red

Jan 3, 2022 3:49 PM

Closing Bell | Sensex jumps 929 points to 59,183, Nifty50 at 17,626

Headline indices Sensex and Nifty50 finished the first session of the New Year 1.6 percent higher each. The 30-scrip rose 929.4 points to 59,183.2 and the broader Nifty50 settled at 17,625.7, up 271.7 points from its previous close.

Jan 3, 2022 3:43 PM

Market Watch | Hemang Jani Motilal Oswal Financial Services on sectors

As we are entering the Q3 preview results season are what is coming out very clearly is that four sectors are going to contribute almost about 100 percent of the incremental growth, that is BFSI, metals, oil and gas and IT. The rest of the 12 sectors are not going to contribute incrementally in terms of growth. So, the entire focus will shift to these three or four sectors which I have outlined. Within that, if you see BFSI emerges as a sector where you are going to see incremental growth and valuation comfort both. So I think that is what is leading to some sort of action across the banking names are be it HDCF Bank or, ICICI, Kotak, and whole host of tier II tier III banks. So we think that as we get more colour and clarity on what sort of numbers are we really going to see people may want to get into some of these names, which have corrected quite sharply in the last, let us say about two months.

Jan 3, 2022 3:32 PM

Coal India gains; 3 factors aiding the stock; check details

Coal India surging after a healthy business update from the miner for December and also, higher global prices are an additional tailwind given Indonesia’s ban on coal exports. Link on the link to know on the back of what factors is the stock buzzing.

Jan 3, 2022 3:24 PM

India VIX gain over 1%

India VIX, the volatility gauge, was up 1.12 percent during afternoon trade on Monday as headline indices soared higher. The gauge was sitting above 16.4 levels.

Jan 3, 2022 3:13 PM

Sugar rates up 21% in 2021; ISMA says next couple of years to be good for industry

Sugar prices have surged for the 3rd year amidst tight supplies and growing global demand. In 2021, sugar prices were up by 21 percent. According to S&P Global, demand for sugar globally is likely to grow most in the last 6 years. In an interview with CNBC-TV18, Abinash Verma, Director General of Indian Sugar Mills Association (ISMA) said that he expects the next couple of years to be very good for the Indian sugar industry.

Jan 3, 2022 3:05 PM

BPCL plans Rs 25,000-crore green power push to be net-zero on emissions by 2040

State run-Bharat Petroleum Corporation Ltd (BPCL) is setting aside Rs 25,000 crore to build a robust renewable energy portfolio by 2040 and is putting in place a team to push the diversification, which will be strategic to the company’s ambition to be “net-zero” on emissions by the year.

Jan 3, 2022 2:55 PM

Load more