Thank you, readers! That's all from CNBCTV18.com's live market coverage on September 7, 2022. Stay tuned for other updates on our website: CNBCTV18.com.
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Sept 7, 2022 5:19 PM
Newest D-Street entrant may let you play travel theme directly — here's how it makes money
Newly-listed DreamFolks Services — an airport service aggregator — is now the best Dalal Street debutant in 2022 so far. The DreamFolks stock finished its first day on BSE and NSE at a premium of 42 percent over the upper end of its IPO price range.
Many experts feel the latest Dalal Street entrant may let investors play the travel theme directly, rather than through hotels or airlines. (Read more)
Sept 7, 2022 4:22 PM
Market At Close | Sensex and Nifty recover most of day's losses
Here are some highlights:
--Midcap outperformance keeps market breadth in favour of the bulls — advance-decline ratio at 3:2
--Financial stocks drag headline indices — IndusInd and ICICI Bank top losers
--Auto stocks underperform — Nifty Auto top loser among NSE's sectoral indices
--Four of top five Nifty losers auto stocks (Tata Motors, Bajaj Auto, M&M and Maruti)
--Cement stocks UltraTech and Shree Cement surge on reports of price hike
--Britannia and Godrej Consumer rise as global palm oil rates hit 1-month low
--Federal Bank continues to fall following merger clarification
--Astral, Vodafone Idea, Dr Lal, Firstsource, NBCC, Zee Entertainment top midcap gainers
--City Union, Federal Bank, Ashok Leyland, IndiGo top midcap losers
Sept 7, 2022 3:55 PM
Rupee ends at 79.90 against dollar
Sept 7, 2022 3:42 PM
From Bloomberg | US told Israel that Iran nuclear deal unlikely soon
Sept 7, 2022 3:24 PM
HDFC Securities prefers ACC to Ambuja Cements as sector sees input costs decline
Krishna Kumar Karwa, Managing Director at Emkay Global believes that cement is a sector which is going through consolidation and will continue to consolidate. (Read more)
Sept 7, 2022 3:14 PM
Astral at day's high
Sept 7, 2022 3:04 PM
Buy JK Lakshmi Cement, IndiaMART: Sameet Chavan
Sameet Chavan of Angel One shares two trading calls:
--Buy JK Lakshmi Cement for a target of Rs 510-520 with a stop loss at Rs 478
--Buy IndiaMART for a target of Rs 5,000-5,200 with a stop loss at Rs 4,658
Sept 7, 2022 2:40 PM
India to continue to see steady interest from global fund managers: EPFR Global's Cameron Brandt
Foreign institutional investors emerged net buyers of Indian shares after a gap of 10 months in August, powering the recent gains on Dalal Street.
According to Cameron Brandt, Director of Research at EPFR Global, this trend will continue at least in the short term as India has emerged an alternative to the funds that have pulled out from China recently. (Read more)
Sept 7, 2022 2:24 PM
Star Health shares under pressure as Citi target price implies 11% downside
Star Health shares are under pressure after Citi initiates coverage on the Tamil Nadu-based health insurer with a 'sell' rating and a target price of Rs 670, which implies a downside of more than 14 percent in the stock from its closing price on Tuesday.
Star Health's valuation does not fully price in the headwinds, according to Citi. (Read more)
Sept 7, 2022 2:04 PM
Cipla gets US FDA nod for generic version of Revlimid
Revlimid is used in the treatment of various types of cancers.
Sept 7, 2022 1:54 PM
IRDAI mandates dematerialisation of new insurance policies by Dec 2022: Sources to CNBC-TV18
Sept 7, 2022 1:44 PM
Coal India records highest ever production in the first five months of the fiscal
Sept 7, 2022 1:13 PM
CG Power shares fell after 1.3 crore shares changed hands
Sept 7, 2022 12:50 PM
This hotel stock made investors 67% richer this year
Indian Hotels shares were on the rise on Wednesday after brokerage firm UBS said it expects continued strong recovery in the hospitality firm’s business as operations return to normal. (Read more)
Sept 7, 2022 12:34 PM
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