Thank you, readers! That's all from CNBCTV18.com's live market coverage on May 6, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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May 6, 2022 5:16 PM

CNBC-TV18 Newsbreak Confirmed | L&T Infotech-Mindtree combined entity to be named LTIMindtree

The combined entity will have a total employee strength of 81,719, and total revenue of $3.51 billion.

For now, both companies will function independently.

May 6, 2022 5:00 PM

Rupee ends lower at 76.92 vs US dollar

The rupee finishes the day at 76.92 vs the greenback. On Thursday, it had settled at 76.26.

May 6, 2022 4:33 PM

Market in for volatility going forward: Mihir Vora

"We have clear indications that central bank is now giving priority to inflation as the as the number one enemy and we have seen most of central banks, including our RBI, coming out unequivocally to say that 'whatever is required to tame inflation, we shall do that'. The risk is - what I think the market is now factoring in - that probably the central banks can go too far, and the medicine might be worse than the cure," says Mihir Vora, Director and CIO at Max Life Insurance.

May 6, 2022 4:29 PM

Market At Close | Sensex, Nifty50 plunge amid global sell-off

Here are some highlights:

--Sensex, Nifty at 2-month closing lows

​--39 Nifty stocks slip

--Bajaj Finance, Divi’s, Shree Cement, UP top losers

--Hero MotoCorp, Tech Mahindra, PowerGrid, ITC gain

--Cholamandalam Investment falls 10 percent despite strong earnings

--Voltas down eight percent after lower-than-expected earnings

--Most midcap stocks slip

--Coforge, Deepak Nitirte, Torrent Power top losers

--Shriram Transport Finance, Tata Communications, Zee, ABB, Colgate top midcap gainers

--Canara Bank, Federal Bank slip after mixed earnings

--Market capitalisation of BSE-listed companies drops by Rs 11 lakh crore this week

May 6, 2022 4:06 PM

Closing Bell | Sensex down 867 pts, Nifty50 at 16,411

Both headline indices finish the day 1.6 percent lower, having fallen as much as two percent during the session. (Read more on the closing bell)

May 6, 2022 3:47 PM

Nifty Pharma index falls 1.5 percent dragged by Divis Lab, Biocon, Strides Pharma Science

May 6, 2022 3:29 PM

Zomato, Policybazaar, Info Edge down up to 9%; hit 52-week lows

Shares of Zomato were trading 6 percent at Rs 57.65 while those of Policybazaar were trading 5 percent lower at Rs 597.20. Stock of both the companies touched their respective all-time lows since their stock market debut.

May 6, 2022 3:16 PM

Investors wealth tumbles over Rs 5.10 trillion in early trade

Tracking an extremely weak trend in equities, the market capitalisation of BSE-listed firms tumbled Rs 5,10,150.97 crore to Rs 2,54,54,738.40 crore in initial deals.

May 6, 2022 3:13 PM

Canara Bank standalone net profit jumps 65% in Q4 to Rs 1,666 crore

State-owned Canara Bank on Friday reported a 65 percent jump in its standalone net profit at Rs 1,666.22 crore for quarter ended March 2022.

May 6, 2022 2:56 PM

Q4 Earnings | Fertilisers and Chemicals Travancore record 57% jump in net profit

Fertilisers and Chemicals Travancore (FACT) has posted 57.5 percent jump in its consolidated Q4 net profit at Rs 233.4 crore versus Rs 148.2 crore and revenue at Rs 1,692.5 crore versus Rs 821.2 crore, YoY.

May 6, 2022 2:49 PM

Federal Bank reports Q4 net profit at Rs 540.5 cr; shares tank over 3%

Federal Bank shares gave up their initial gains of 4.14 percent in choppy trade, on Friday, and touching an intraday low of Rs 90.9, down 3.40 percent. The bank reported its fourth-quarter net profit at Rs 540.5 crore.

May 6, 2022 2:34 PM

May 6, 2022 2:12 PM

Won't be surprised to see RBI hike hike repo rate by 75 bps in June: Citi South Asia's Badrinivas NC

Badrinivas NC, Head-Markets at Citi South Asia, says he won't be surprised to see the RBI hike the repo rate by 75 bps in June to take it to pre-pandemic levels. "We do expect a few more rate hikes down in the coming policies all the way till the end of the year. The expectation, as things stand now is probably to get to a 6.5 to seven percent kind of repo rate," he says.

"We have to look at the whole rate cycle, the upcoming rate cycle in two steps. One is really to get to the level of pre-pandemic and remove the ultra-accommodative stance and then the question is: Where is inflation? Where is growth? What is it that they need to do? So if you look at it in those steps, one could argue that maybe the RBI was at the risk of falling behind the curve given what they said in February and even in some of the press conferences in March... However, some of the data, and obviously the world that is moving fast with the Ukraine war, has accelerated many of the trends that we saw previously, and therefore, you saw that change in April. And now it's a very clear message from them that there is an urgency to get to a pre-pandemic level," he adds.

May 6, 2022 1:50 PM

Here's what the BFSI basket looks like at this hour

May 6, 2022 1:34 PM

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