Thank you, readers! That's all from CNBCTV18.com's live market coverage on May 5, 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

May 5, 2022 5:54 PM

Tech stocks should continue to do reasonably well: Motilal Oswal Private Wealth Management's Sandeep J Shah

Sandeep J Shah, Associate Director at Motilal Oswal Private Wealth Management, expects IT stocks to continue to perform reasonably well. "The drivers for technology in terms of the strong demand environment should continue for the foreseeable future. In fact, some of these global agencies are still forecasting higher tech spends this year, and the growth rate to be higher this year compared to last year, in spite of the global issues. However, there are obvious supply-side issues and given their size, I think the supply-side constraints are hitting the bigger guys more than the smaller- and medium-sized companies who don't really nee 10s of 1,000s of people," he says.

"The kind of hiring that we are seeing in the top four has been humongous. But, of course, a lot of it is also going simply to replace the high attrition that they are seeing. We are already seeing some sort of de-rating in technology and we perhaps may not see the kind of earnings growth or the kind of price performance we have seen last year... Growth in some of the mid-sized companies continues to be quite strong, which really suggests that all of this is a supply-side issue," he adds.

May 5, 2022 5:21 PM

BoE hikes key interest rate to 1% from 0.75%

May 5, 2022 4:56 PM

Tech Mahindra, Hero MotoCorp, Infosys top blue-chip gainers

HCL Tech, Tata Steel, Wipro and ONGC are also among the top gainers. On the other hand, IndusInd, Britannia, Sun Pharmar, Tata Consumer, Nestle, UltraTech and Eicher are the worst hit among the 31 laggards in the Nifty50 basket.

Here's what the 30-scrip pack looks like:

May 5, 2022 4:39 PM

May 5, 2022 4:07 PM

Rupee ends higher at 76.26 vs US dollar

The rupee finished the day at 76.26 against the greenback. On Wednesday, it had settled at 76.41.

May 5, 2022 3:46 PM

Buy MCX crude oil May futures at Rs 7,850: Motilal Oswal Financial Services' Amit Sajeja

Amit Sajeja, VP-Technical Commodities and Currencies Analyst, Commodities, Motilal Oswal Financial Services, recommends buying MCX futures for a target of Rs 8,400 with a stop loss below Rs 7,600. "MCX crude oil expectedly rallied from support close to Rs 7,300 to test a high around Rs 8,270 last week. Looking ahead, the price remains supported above Rs 7,650 and is likely to extend its move towards next major resistance at Rs 8,400," he tells CNBCTV18.com.

"Momentum indicator RSI is holding above the 50 mark, which indicates potential bullish momentum. Buying on dips is advised for the short term," he says.

May 5, 2022 3:43 PM

Closing Bell | Sensex up 33 pts, Nifty50 at 16,683 as market gives up nearly all of day's gains

Both headline indices finish the day barely in the green. The Sensex is up 33.2 points at 55,702.2 and the Nifty50 settles at 16,682.7, up 5.1 points from its previous close.

May 5, 2022 3:38 PM

May 5, 2022 3:35 PM

LIC IPO subscribed 90% so far on Day 2

May 5, 2022 3:24 PM

60% of corporate profits quite ring fenced: HDFC Securities' Unmesh Sharma

Unmesh Sharma, Head-Institutional Equities at HDFC Securities, believes that to a large extent, 60 percent of corporate profits are quite ring fenced and solid despite all the challenges in the environment, including spaces like oil & gas, metal and BFSI. "These are spaces that we are constructive on at this point in time," he says.

On the other hand, he is of the view that spaces such as cement, pharma, chemicals and FMCG continue to see some pressure. "I think that is something that will continue so while we have not changed our earnings that much, we believe in these four sectors you might see some cuts as we end the quarter and go into the next one," he adds.

May 5, 2022 3:05 PM

Buy Tech Mahindra, HBL Power Systems: Himanshu Gupta

Here are two trading calls from Himanshu Gupta of Globe Capital:

--Buy Tech Mahindra for targets of Rs 1,280-1,285 and Rs 1,300 with a stop loss at Rs 1,240

--Buy HBL Power Systems for a target of Rs 90-95 with a stop loss at Rs 82

May 5, 2022 2:39 PM

Dabur Jan-Mar net profit at Rs 294.3 crore, misses Street estimates

Analysts in a CNBC-TV8 poll had estimated the FMCG company's quarterly net profit at Rs 390 crore.

Dabur's revenue comes in at Rs 2,517.8 crore for the quarter ended March and volume growth at two percent, according to a regulatory filing. Analysts had pegged the company's revenue at Rs 2,523 crore and volume growth at 2-4 percent.

Dabur shares are down 0.6 percent at Rs 534.5 apiece on BSE.

May 5, 2022 2:29 PM

Buy Kotak Mahindra Bank, sell Titan: Jay Thakkar

Jay Thakkar of Marwadi Shares and Finance shares two trading calls:

--Buy Kotak Mahindra Bank for a target of Rs 1,865-1,880 with a stop loss at Rs 1,785

--Sell Titan for a target of Rs 2,200-2,160 with a stop loss at Rs 2,360

May 5, 2022 2:24 PM

Firstsource Solutions Q4 earnings | March quarter profit falls 2%

Firstsource Solutions has posted 2.3 percent fall in its Q4 consolidated net profit at Rs 132.3 crore versus Rs 135.46 crore and revenue was up 5.4 percent at Rs 1,543.5 crore versus Rs 1,464 crore, QoQ. Earnings before interest, tax, depreciation and amortization (EBITDA) was up 2.6 percent at Rs 244.3 crore against Rs 238.1 crore and margin was at 15.8 percent versus 16.3 percent, QoQ.

May 5, 2022 2:02 PM

Load more