Thank you, readers! That's all from CNBCTV18.com's live market coverage on July 6, 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

Jul 6, 2022 5:01 PM

Banks to continue with good price performance: Vaibhav Sanghavi

Vaibhav Sanghavi, Co-CEO Avendus Capital Alt Strategies, expects banks to do well over the medium to long term.

“Till now, while banks on an overall basis have been improving over the last three quarters, we haven’t seen the price performance kind of measuring up to it and the main reason for it was that it was over-owned especially by FPIs. Because of the selling from FPIs, they could not catch up with the performance... However, over the last few days, we have seen some selling ebbing and should they continue with the performance which they have already shown, I think banks would continue with good price performance," he tells CNBC-TV18.

Jul 6, 2022 4:54 PM

Sensex and Nifty50 hit one-month closing highs

Here are some highlights:

--Consumption stocks lead gains in the market

--Sharp fall in palm oil rates lifts HUL, Britannia and Godrej Consumer shares

--Dabur rises two percent after quarterly update — Marico gains too

--Metal stocks recover from lows settle near day's highs

--ONGC, Oil India continue to fall as crude oil rates cool off

--Bajaj Finance surges after quarterly update — Bajaj Finserv rises four percent

--ABB, Dalmia Bharat, Honeywell, Godrej Consumer, SBI Card top midcap gainers

--Balrampur, NMDC, Indian Oil, Birlasfot, Vedanta, Syngene top midcap losers

--Market breadth favours the bulls — advance-decline ratio at 3:2

Jul 6, 2022 3:52 PM

Rupee ends at 79.30 vs US dollar

On Tuesday, the rupee had settled at 79.37 against the greenback.

Jul 6, 2022 3:39 PM

SBI renews agreement with Indian Air Force for defence salary package

SBI shares rose by as much as Rs 8.9 or 1.9 percent to Rs 481 apiece on BSE before settling at Rs 480.9 apiece.

Jul 6, 2022 3:30 PM

Hold HCL Tech for a longer horizon: Astha Jain

Astha Jain, Research Analyst at Hem Securities, suggests holding HCL Technologies for a longer horizon. "Their products and platforms business is really working well. After the merger of IBM, it is really showing the signs of stability because prior to that, this business was not working so strongly. Now they are seeing the turn around and it is now at a stable stage," she says.

"Even in one of the analysts' meetings, the management has maintained the guidance for revenue as well as margin," says Jain, who has a target price of around Rs 1,070- 1,080 for the stock.

Jul 6, 2022 2:53 PM

Buy Bajaj Finserv, Ramco Cements: Pritesh Mehta

Pritesh Mehta of Yes Securities shares two trading calls:

--Buy Bajaj Finserv for a target of Rs 13,600-13,700

--Buy Ramco Cements for a target of Rs 760-775

Jul 6, 2022 2:27 PM

Havells to invest Rs 400 crore for capacity expansion

Here's how the stock reacted to the development

Jul 6, 2022 2:12 PM

HCL tech, Tech Mahindra and Infosys valuations are attractive: Kotak Institutional Equities

Kotak Institutional Equities' Executive Director & Head of Research Kawaljeet Saluja believes HCL Technologies, Tech Mahindra, and even Infosys are fairly attractive even though valuations are above COVID-19 levels and there is a feasible upside.

Jul 6, 2022 2:02 PM

upGrad looking to hire more than 3,000 people across segments in 2022-2023

upGrad has lined up a mega hiring plan ahead of a funding round it is expected to close soon. This is at a time when its peers, not just in India, are struggling to keep up with the funding crunch. (Watch the full interview here)

Jul 6, 2022 1:41 PM

Buy Jubilant Foodworks and Dalmia Bharat: Invest4edu’s Aditya Agarwala

–Buy Jubilant Foodworks with a stop loss of Rs 535 and a target of Rs 610

–Buy Dalmia Bharat with a stop loss of Rs 1,390 and a target of Rs 1,500

Jul 6, 2022 1:22 PM

Jul 6, 2022 12:50 PM

Reliance 2% off day's high

Jul 6, 2022 12:35 PM

Jul 6, 2022 12:19 PM

Sell NMDC, Buy Info Edge: Mitessh Thakkar

Here are two recommendations by Mitessh Thakkar of earningwaves.com:

-- Sell NMDC for a target of Rs 97 with a stop loss at Rs 107

-- Buy Info Edge for a target of Rs 4,040-4,050 with a stop loss of Rs 3,825

Jul 6, 2022 12:09 PM

Load more