Thank you, readers! That's all from CNBCTV18.com's live market coverage on August 21, 2023. Stay tuned for other updates on our website: CNBCTV18.com.
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Aug 21, 2023 3:50 PM
Market At Close | Geojit's Vinod Nair On Market
"A rebound in the global market after a significant correction prompted buying in domestic equities, particularly within the IT sector. However, the potential for volatility to linger in the near term remains due to the increasing dollar index and elevated US bond yields, fuelled by concerns about rate hikes. Investors are keenly observing the commentary from the Fed chair during its forthcoming summer conference for interest rate insights. Meanwhile, Asian markets displayed a mixed performance, reacting to the smaller-than-anticipated rate cut initiated by the Chinese central bank," says Vinod Nair, Head of Research at Geojit Financial Services.
Aug 21, 2023 3:48 PM
Dollar To INR | Indian Rupee Ends At 83.11 Versus USD
The Indian currency ended at 83.10 against the greenback on Friday.
Aug 21, 2023 3:38 PM
Market At Close | Sensex, Nifty 50 Build On To Opening Gains, Close Near Day’s High
IT, Metals & Select Financials Lift Nifty While Reliance, M&M Drag
Jio Fin Makes Debut On Stock Exchanges, Is 2nd Largest NBFC Co
Titan Closes At Day’s High On Acqn of Addl 27.18% In CaratLane For `4,621 Cr
GMR Airports Extends Gaining Streak, Hits 52-week High On Biz Updates
Adani Group Stocks Build On To Friday’s Gains, Stocks Up 1-7%
Bajaj Finserv & Bajaj Fin See Buying With Healthy Volumes, Stocks Up 1-3%
Bharat Forge Hits Record High After Bagging Defence Orders Of `850 Cr
Power Stocks Move Higher On Reports Of Rising Demand, Power Grid Top Gainer
M&M Slips As Company Announces Rectification Of Select XUVs, Down 1%
PVR Inox Closes Lower Despite Huge Collections By Movies, Down 1%
PNB Hsg Rises 3.5% On Recovery Of `784 Cr From A Corp Non-performing A/c
Market Breadth Favours Advances, Advance-Decline Ratio At 3:2
Aug 21, 2023 3:35 PM
Share Market LIVE Updates | All Nifty IT Stocks Advance
- The Nifty IT index is up 1.1 percent or 341.25 points.
- All 10 index stocks are trading in the green.
- Persistent (3.22%), LTTS (1.8%), Coforge (1.54%) are the top gainers.
Aug 21, 2023 3:18 PM
Stock Market LIVE Updates | Power Mech Projects To Consider Fund Raising on August 25
Aug 21, 2023 3:00 PM
Share Market LIVE Updates | PFC Gets 1.85 Billion Japanese Yen Loan From JBIC Finance
- The state-owned company secures a loan of 1.85 billion Japanese yen, nearly Rs 105 crore, from JBIC financing.
- The company will utilise the funds to finance a 11.5 MW waste-to-energy project of KPC Gas Power Corporation in Karnataka.
Aug 21, 2023 2:43 PM
Share Market LIVE Updates | Ircon International Shares Jump 9%
- The stock hits an intraday high of Rs 108.85 per share, not far from the 52-week high of Rs 110.2 apiece.
- The shares snap two day losing streak.
- Stock has gained in four out of the last 10 trading sessions.
Aug 21, 2023 2:40 PM
Stock Market Live Updates | Macrotech Developers Shares Witness Sharp Surge
- Stock is up 3.8 percent
- Stock has been in the green for three out of the last five trading sessions
- Stock has gained 64.24 percent in the last six months
- Stock is up 30.37 percent year-to-date
Aug 21, 2023 2:24 PM
Stock Market LIVE Updates | GMR Airports Shares Gain
- Stock is up nearly 2.4 percent
- Company in a stock exchange filing last week said its July passenger traffic was up 30 percent from last year, and little changed from the previous month
- Stock has been in red for three out of the last five trading sessions
- Stock has gained 23.4 percent in the past month
- Stock is up nearly 33.9 percent year-to-date
Aug 21, 2023 2:17 PM
Stock Market Live Updats | Tanla Platforms Top Nifty Smallcap Loser
- Stock is trading 5.1 percent down
- Company's agreement with Vodafone Idea will not be renewed beyond the expiry of the initial term in November
- Stock has been in the red for three out of the last five trading sessions
- Stock has fallen nearly 17.9 percent in the past month
- Stock is up 44.78 percent year-to-date
Aug 21, 2023 2:08 PM
Stock Market Live Updates | Have A Buy Call On Titan, In 7 Years Caratlane Has Scaled Up Pretty Well: Nuvama Institutional Equities
"We have a buy on Titan and this is as per our expectations. In seven years, Caratlane has seen their wealth go up by almost 30 times but in those seven years, the kind of scale up Titan has provided to Caratlane and Caratlane has also provided lot of know-how of this kind of channel, diamond, the omnimodel, I think it is a win-win. Based on our FY25 numbers for Caratlane, it is more reasonable at around 4x FY25 sales and 75 times P/E multiple.This is a good acquisition and this will have much more consolidation benefits for Titan, all the learnings are already there for seven years," Abneesh Roy, Executive Director, Nuvama Institutional Equities, tells CNBC-TV18.
Aug 21, 2023 2:01 PM
Share Market LIVE Update | Top Stocks To Buy/Sell
Here are two recommendations by Rahul Sharma of Equity99 Advisors:
Buy Adani Power for a target of Rs 355 with a stop loss at Rs 307
Buy Radhika Jeweltech for a target of Rs 45 with a stop loss at Rs 32
Aug 21, 2023 1:54 PM
Stock Market | Banking Sector Looks Good From A Valuation Perspective, Says Jefferies
India's banking sector is looking good from the valuation standpoint currently, says Mahesh Nandurkar, India Strategist at Jefferies, in an exclusive interview with CNBC-TV18. Nandurkar believes that large cap banks are looking attractive, and the banking sector stands out as a unique realm and currently trading at average valuations in comparison to its historical trends.
Aug 21, 2023 1:43 PM
Share Market LIVE Updates | Nifty 50 Near 19,400
- The Nifty 50 index is trading at 19,396.8, up 86.65 points or 0.45 percent higher from its previous close.
- The index hit a intraday high of 19,412.5 and low of 19,296.3 in the session till now.
- 45 out of the 50 index stocks advance.
- Bajaj Finance (2.43%), Adani Enterprises (2.36%) and Adani Ports (2.36%) are the top index gainers.
- On the other hand, Jio Financial Services (-5%), Reliance (-0.74%) and M&M (-0.6%) are the top index losers.
Aug 21, 2023 1:27 PM
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