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Nov 25, 2021 5:02 PM

Expect rupee to trade within 74.30-74.75 range in near term: Kotak Securities' Anindya Banerjee

Anindya Banerjee, DVP-Currency and Interest Rate Derivatives at Kotak Securities, said there has been low volatility in the USD-INR pair due to the Thanksgiving holiday in the US. He expects the pair to trade within a range of 74.30-74.75 in the near term.

The rupee ended at 74.51 against the greenback on Thursday.

Nov 25, 2021 5:01 PM

A crypto ban to be an extreme step, it might shut activity which could be important in future: NASSCOM's R Chandrashekhar

R Chandrashekhar of NASSCOM told CNBC-TV18 that it has been cleaer that the government and the RBI will not allow cryptos to become legal tenrer. A lot of discussions have favoured allowing cryptos as an asset, he said.

Chandrashekhar believes a ban on cryptos would be an extreme step, as it might shut activity that could be important in the future.

Nov 25, 2021 5:01 PM

Once Nifty50 takes out 17,600, it will be set to march towards 17,800 in short term: Gaurav Ratnaparkhi

Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas, said the Nifty has entered pullback mode from the lower end of a falling channel. "The pullback is subdividing into lower degree waves. An intermediate dip on November 24 found support near the hourly lower Bollinger Band. Thereon, the index has started the next leg of the pullback. It is heading towards the junction of a swing high, a 40-hour exponential moving average and the hourly upper Bollinger Band, which is near 17,600. That is a key barrier to watch out for," he said.

"Once that gets taken out, the Nifty will be set to march towards 17,800 in the short term. In terms of Fibonacci retracement, the pullback has so far retraced 38.2 percent of the previous decline from 18,210 to 17,216, and can head towards the 61.8 percent retracement, which is near 17,800. On the flip side, 17,350-17,300 levels will act as near-term support," he said.

Nov 25, 2021 4:58 PM

Vodafone Idea a risky play: Ambareesh Baliga

Market expert Ambareesh Baliga said Vodafone Idea is a risky play "because we know the history very well".

"However, from a trading point of view, one can look at buying it. You could see an upside of about Rs 2 or Rs 3 from current levels because the ARPUs will start to move up with the tariff hikes,” he said.

Nov 25, 2021 4:53 PM

Buy Sundaram Fasteners, target Rs 950: Ambareesh Baliga

Market expert Ambareesh Baliga recommends buying Sundaram Fasteners shares for a target price of Rs 950.

"It is a part of the TVS Group, and manufactures critical and high precision components for automotives, windmills and the aviation sectors. If you look at the mix, 52 percent is domestic OEMs, 13 percent is aftermarket and about 35 percent is exports. Last quarter numbers too were decent, about 40 percent YoY growth, and this was despite the ongoing chip shortage," he said.

Baliga expects the company's turnover to return to pre-COVID levels in FY22. "I am also expecting the share of exports to increase from 35 percent to 50 percent in the medium term," he said.

Nov 25, 2021 4:52 PM

November F&O Series | First negative return for market in four months; Nifty50 down 1.8%

Here are some highlights:

--Midcaps gain for 3rd straight series with Nifty Midcap rising 1%

--Bharti Airtel, Adani Ports, Power Grid, Grasim, ONGC top Nifty gainers

--IndusInd, Axis, Tata Steel, Bajaj Auto, Divi’s, ICICI, Shree Cement top Nifty losers

--Apollo Hospitals, Adani Enterprises, Vedanta, Vodafone Idea top non-Nifty F&O gainers

--Firstsource, Atul, Manappuram, SBI Card, REC top non-Nifty F&O losers

Nov 25, 2021 4:18 PM

Market At Close | ITC rises 1.5% on price hike, company’s clinical trial for COVID nasal spray

Here are some highlights:

--Reliance Industries gasification business announcement helps stock rise 6%

--ITC rises on price hike, company’s clinical trial for COVID nasal spray

--Financial stocks continue to underperform; ICICI Bank, Axis Bank top losers

--Nifty Bank falls 77 points to 37,365; midcap index rises 183 points to 30,927

--Oil market companies slip as petrol, diesel prices remain unchanged; IOC down 1%

--IndusInd continues to decline with stock slipping to 6-month low

--Indiabulls Housing, Vedanta, Laurus, Vodafone Idea, Apollo Hospitals top midcap gainers

--Siemens falls 4% after lower-than-expected earnings

--IndiGo, Metropolis, HPCL, Ipca, IndiaMART top midcap losers

--Market breadth favours bulls; advance-decline ratio at 2:1

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Nov 25, 2021 4:15 PM

Market At Close | Reliance Industries, Divi's Labs, ITC top Nifty50 gainers; Maruti Suzuki, Britannia, IndusInd Bank top laggards

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Nov 25, 2021 4:04 PM

Expect pressure in auto stocks in longer term: Centrum Broking's Nischal Maheshwari

Nischal Maheshwari of Centrum Broking believes auto stocks mae see some correction in the near because of the chip-related issues, and witness pressure in the longer term. "Auto is in a stage where it starts to show value. Maruti Suzuki may not be so but the other two-wheeler stocks definitely at these prices... Both Bajaj Auto and Hero Motocorp are in a value zone now. Maruti has no clarification as far as electric vehicles (EVs) are concerned; neither it is into the space where four-wheelers are growing, which is the SUV segment. So Maruti has its own problems. I think on the two-wheeler side, EVs might come in much faster than what the market was expecting," he said.

None of the large players, Bajaj, Hero Motocorp or anybody, have got a very elaborate EV programme or visibility out there," he added.

Nov 25, 2021 4:03 PM

Positive on Reliance Industries: Centrum Broking's Nischal Maheshwari

Nischal Maheshwari of Centrum Broking is positive on Reliance Industries for multiple reasons. "It has underperformed in the last couple of months and that is why you see aggressive buying in Reliance Industries, so some catch up is there. The gas part also paves the way to go into the future. The third important part is that two competitors, Vodafone India and Bharti Airtel, in telecom have already taken an 18-25 percent increase in tariffs. I believe Reliance may also follow in due course of time. There are upticks in all its businesses and its retail continues to do well," he said.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Nov 25, 2021 3:52 PM

November F&O Series | Nifty50 ends November F&O series 1.8% lower

The Nifty50 index ended the November futures & options (series) 321 points or 1.8 percent lower.

The Sensex lost 1,189.6 points -- or two percent -- during this period.

Nov 25, 2021 3:49 PM

Market At Close | Reliance Industries gives Nifty50 112-point lift

Nov 25, 2021 3:41 PM

Closing Bell | Sensex rises 454 points to 58,795, Nifty50 reclaims 17,500

The 30-scrip index ended 454.1 points or 0.8 percent higher at 58,795.1 and the broader Nifty50 benchmark settled at 17,536.3, up 121.2 points or 0.7 percent from its previous close. Gains in oil & gas, IT and pharmaceuticals shares pushed the headline indices higher, though losses in financial and automobile stocks limited the upside.

Nov 25, 2021 3:38 PM

If Nifty50 sustains 17,500, momentum can continue to 17,600-17,700 levels: CapitalVia Global Research's Vijay Dhanotiya

Vijay Dhanotiya, Lead of Technical Research at CapitalVia Global Research, believes 17,500 is an important level for the Nifty to stay positive in the short term. "If the market is able to sustain 17,500, it can witness a positive momentum that can lead to the higher levels near 17,600-17,700," he said. Momentum indicators RSI and MACD are looking positive, he said.

Nov 25, 2021 3:27 PM

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