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Sept 9, 2022 4:06 PM
Market At Close | Sensex and Nifty50 off day's highs
Here are some highlights:
--Nifty Bank at 10-month high
--IT stocks see buying — sectoral index rises more than two percent
--Financial stocks continue to outperform market — IndusInd and SBI top gainers
--Cement stocks see profit booking amid cartelisation reports
--UltarTech top Nifty loser — JK Cement falls most among midcap stocks
--Rain Industries drops eight percenet on closure of a Europe unit on gas shortage
--PVR and Inox fall five percent each as reviews flow in for 'Brahmastra'
--Nazara Tech surges 11 percent on Google allowing fantasy sports on Play Store
--Market breadth largely neutral with a negative bias (Read more on the Sept 9 session)
Sept 9, 2022 4:06 PM
Rupee appreciates to 79.58 vs US dollar
Sept 9, 2022 3:42 PM
Exclusive | SBI's Dinesh Kumar Khara banking on strong loan growth — stock roars to lifetime high
In an exclusive interview to CNBC-TV18, Dinesh Kumar Khara, Chairman of State Bank of India (SBI), says the lender is seeing uniform loan growth across retail segments. SBI's loan growth — a measure of demand for financial institutions — surged to the highest level in at least three years in the April-June period, a level its management is confident of achieving for the full year.
"We have very clear visibility of the demand, which is there, and hopefully going forward, as the busy season kicks in, and of course, already the festival season has kicked, I am quite confident that we will continue to have decent retail growth," says Khara, confident that the bank will clock loan growth of at least 15 percent for the year ending March 2023. (Read more)
Sept 9, 2022 3:29 PM
Why Mahindra is betting big on its first fully-electric SUV, the XUV-400
The Mahindra Group’s first fully electric SUV, the XUV-400, will cater to a market of 90,000 customers who presently own SUVs with internal combustion engines (ICE), the group’s executive director (auto and farm sectors), Rajesh Jejurikar, tells CNBC-TV18.
“There is a market comprising 30,000 with ICE-equipped SUVs in the C-segment and another market of 60,000 in the B-segment,” he says. (Read more)
Sept 9, 2022 3:17 PM
RBI to prepare a ‘Whitelist’ of all the legal apps: Finance Ministry
Sept 9, 2022 2:51 PM
IEX at day's low
Sept 9, 2022 2:36 PM
Ujjivan Small Finance Bank likely to launch QIP early next week: Sources to CNBC-TV18
Sept 9, 2022 2:21 PM
Consumption stocks will be the alpha generating stocks: Rahul Sharma
Rahul Sharma, Head-Technicals & Derivatives Research at JM Financial Services said, "Two sectors clearly come to my mind when we talk off which would be the alpha generating areas of the market. One is clearly the consumption theme." Sharma said the festive season has been fantastic for the sector. "It has in fact started off fantastically well and with overall good monsoons, the sector should only do well. The sectoral index, which is the India Consumption Index is already showing signs of leadership."
But the biggest money according to him will be created in the small cap basket. "If you see the smallcap 100 index, it has just crossed its 200 day exponential moving average. And there is a lot of headroom there in mid-caps, and small caps specifically. In the last few weeks, mid caps and small caps have come out of their consolidation zones and the risk appetite is coming back in the retail and infra HNI segment of the market. So we believe that the biggest alpha will be created in small cap area, quality stocks in this smallcap 100 index can be considered."
Sept 9, 2022 2:06 PM
Astral near day's high
Sept 9, 2022 1:45 PM
UK, US have less concern on energy supply, more on inflation: Noel Quinn of HSBC
Sept 9, 2022 1:27 PM
AMFI Data | August equity MF inflow lowest in 10 months
Equity mutual funds have witnessed a net inflow at Rs 5,942 crore in August, according to data released by the Association of Mutual Funds in India (AMFI) said. (Read more)
Sept 9, 2022 12:58 PM
Buy Apollo Hospitals, Dixon Technologies: Prakash Gaba
Here are some recommendations by Prakash Gaba of prakashgaba.com
-- Buy Apollo Hospitals for a target of Rs 4,500 with a stop loss at Rs 4,435
-- Buy Dixon Technologies for a target of Rs 4,600 with a stop loss at Rs 4,500
Sept 9, 2022 12:41 PM
HDFC Life allots 3.57 crore shares to HDFC Ltd at Rs 548.74/sh on preferential basis
Sept 9, 2022 12:29 PM
Buy Bandhan Bank, Amara Raja Batteries: Mitessh Thakkar
Here are two recommendations by Mitessh Thakkar of earningwaves.com:
-- Buy Bandhan Bank for a target of Rs 305-306 with a stop loss at Rs 288.50
-- Buy Amara Raja Batteries for a target of Rs 560 with a stop loss at Rs 533
Sept 9, 2022 11:59 AM
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