Thank you, readers! That's all from CNBC-TV18.com's live market coverage on December 22. 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

Dec 22, 2021 5:13 PM

Need to be very selective given valuations: InCred AMC's Punita Kumar Sinha

Punita Kumar Sinha, Chairperson of InCred AMC, said investors need to be very selective given the valuations. "India is already trading at a much higher premium to other emerging markets than it has in the past. Valuations and PE multiples are lower than what they were a year ago, in terms of absolute numbers. That is mainly because growth has improved, and the RoE of companies has improved. So growth is definitely picking up. Growth might still support the higher valuations. But the valuations are not cheap," she said.

Dec 22, 2021 5:13 PM

IT sector poised for reasonable earnings momentum: Mayuresh Joshi

Mayuresh Joshi of William O'Neil said the IT sector appears to be poised for reasonable earnings momentum. "Ever since Accenture has upped its guidance, all outsourcers, including HCL Tech, Infosys and the entire IT Indian landscape, has come back into focus. The whole positives that are surrounding this space definitely act as a tailwind. There are strong orderbooks and expectations in terms of solid revenue growth, both in dollar and constant currency terms. Attrition seems to be a huge issue across the industry... I think that is a good issue to have because the industry is in demand," he said.

"Digitisation and automation are the key buzz words that are probably still expected to continue for the next two quarters, and that is getting reflected. So structural tailwinds and rupee depreciation aids the overall earnings story as well. Though this quarter gets hit by furloughs. What you are probably expected to see in Q4 is that more order books or more order wins will come through which shores up their order book pretty well. Large names like Infosys,Tech Mahindra, Wipro, and select midcap names like Tata Elxsi and Mindtree are where where I think there is a lot more happening in terms of structural drivers, and in terms of revenue growth," he added.

Dec 22, 2021 5:06 PM

Metro Brands' shares end listing day near issue price

Legendary investor Rakesh Jhunjhunwala-backed Metro Brands' shares gained some strength after a weak debut in the secondary market on Wednesday. Mumbai-based multi-brand footwear retail chain Metro Brands' shares finished the listing day near the issue price of Rs 500, having begun their journey on stock exchanges BSE and NSE at a discount of close to 13 percent.

The Metro Brands stock ended at Rs 502 apiece on NSE, a premium of 0.4 percent over its issue price. It settled at Rs 493.6 apiece on BSE, a discount of 1.3 percent. (Read more on Metro Brands shares)

Dec 22, 2021 4:55 PM

Rupee edges higher to 75.55 vs US dollar

The rupee ended at 75.55 against the greenback as against its previous close of 75.60.

Dec 22, 2021 4:39 PM

Market At Close | Sensex, Nifty near day’s high; all sectoral indices in the green

Here are some highlights:

--Nifty Pharma, Nifty Metal top sectoral gainers

--Nifty Bank rises 422 points to 35,030, midcap index up 451 points at 29,659

--Reliance, ICICI Bank, L&T & Bajaj Finance top Nifty movers

--Unlock stocks move sharply higher in last hour of trade; PVR, Delta up 4-5%

--Zee up 0.5% on NSE after Sony binding agreement

--Positive brokerage note leads to sharp upmove in GMR, Motherson Sumi

--India Cements up 6%; RK Damani raises stake

--IIFL expects Divi’s to post strong Q3 earning, stock up 4%

--Bajaj Finance snaps 3-day losing streak, up 3%

--Market breadth favours bulls, advance-decline ratio at 7:2

Dec 22, 2021 4:23 PM

Market At Close | Hindalco, Tata Motors, Divi's, Eicher Motors top blue-chip gainers; SBI Life, Wipro, Grasim, Adani Ports top laggards

As many as 42 stocks in the Nifty50 universe ended with gains.

Here's how the Sensex pack fared:

Dec 22, 2021 3:56 PM

Krsnaa Diagnostics, HCG, UTI AMC among HDFC Securities' fundamental picks

Dec 22, 2021 3:52 PM

Closing Bell | Sensex up 612 points at 56,931, Nifty above 16,950

Both indices ended 1.1 percent higher, extending gains to a second straight day. The 30-scrip index rose 611.6 points to end at 56,930.6 and the broader Nifty50 benchmark settled at 16,955.5, up 184.6 points from its previous close. (Read more on the closing bell)

Dec 22, 2021 3:43 PM

Explained | The sudden craze for Nifty Bees, and why ETFs are popular

Exchange-traded fund Nifty Bees, which tracks the 50-share Nifty index, saw a record turnover of Rs 281 crore on December 21. That is in stark contrast to an average daily volume of less than Rs 30 crore between January 1 and December 20. (Read more on Nifty Bees)

Dec 22, 2021 3:28 PM

Zee-Sony Merger | Win-win situation for both, says Mehta Equities' Sharad Shukla

Sharad Shukla, Director-Research at Mehta Equities, believes the Zee-Sony merger will be a win-win situation for both companies.

The merger can lead to cost synergies in the TV business and improved profitability, he said.

"Both channels offer a wide content variety across genres. The impact of new regulations will be subdued. The Zee-Sony entity can efficiently bundle best channels, getting an edge over competition. Star and the Zee-Sony may become irreplaceable given the sheer size, and continue to gain market share. The merged entity will have an advantage on the cost front. Zee, being one of the largest players in the Indian TV industry, is doing well despite the digital threat," he said.

Dec 22, 2021 3:24 PM

CNBC-TV18 Exclusive | Sony majority shareholder, 9-member board to have 5 Sony appointees, says Punit Goenka on Zee-Sony deal

Zee MD and CEO Punit Goenka said the "deal puts in a formidable position to create synergies. A large part of the synergies would be on the revenue side and we should have 6-8 percent synergies on the cost and revenue side."

The combined entity will have a revenue of $2 billion, he added. (Read more)

Dec 22, 2021 2:36 PM

Income Tax Department conducting search operations at Oppo, OnePlus: Sources

Search operations are being conducted at 15 premises in the Delhi NCR and Karnataka, based on Intelligence input on concealed income and tax evasion, sources said.

Dec 22, 2021 2:32 PM

PNC Infratech gets letter of award by NHAI for Rs 369-crore project

PNC Infratech shares were up 2.4 percent at Rs 269 apiece in late afternoon deals on BSE.

PNC Infratech said it had on Tuesday received the letter of acceptance from the National Highways Authority of India for the collection of user fee at a 135-km long Eastern Peripheral Expressway fee plazas in Haryana and UP for one year.

Dec 22, 2021 2:30 PM

ABB India to sell turbocharger business to arm for Rs 310 crore

ABB India shares were up 4.5 percent at Rs 2,304 apiece on BSE, having risen as much as 5.8 percent to Rs 2,331 apiece earlier in the day.

The company will sell its turbocharger business to an arm for Rs 310 crore on a slump sale basis.

Dec 22, 2021 2:22 PM

Load more