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Dec 30, 2021 4:59 PM

Excited about new-age tech space: Vaibhav Sanghavi

Vaibhav Sanghavi of Avendus Capital Alt Strategies is bullish on the new-age tech space as a whole. "One of the most exciting things we have seen in 2022 is the advent of these technology-driven business models, the newer listings that have been there. So my sense is basically the leaders in their respective segments will continue to grow at a much faster pace and a lot of revenue models over a period of time will emerge. When you have a very loyal customer base, you can do a lot of things from a business point perspective. So that will evolve," he said.

"The Street, at this point in time, is still grappling with how to kind of give value to those kinds of business models. Again, that is also something which will evolve over time. But my sense is, from a business perspective, these guys are here for disruption, and will continue to grab market share," he added.

Dec 30, 2021 4:49 PM

Level of 17,300 can continue to act as key hurdle for Nifty50: Sharekhan's Gaurav Ratnaparkhi

The Nifty50 has formed candles resembling a Doji pattern on the daily chart, said Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas. "This shows exhaustion in the pullback. The formation of these candles below the junction of a falling trend-line and the 40-day exponential moving average suggests that the index is encountering a tough barrier on the higher side. The level of 17,300 is keeping the rise in check and can continue to act as a key hurdle. Unless 17,300 gets taken out on a closing basis, the Nifty is expected to take a dip in order to fill up a recent gap area of 17,161-17,112 with the potential to test 17,000 on the downside," he said.

Dec 30, 2021 4:45 PM

Nifty can extend annual Santa Claus rally only if investors can shrug off Omicron: Mehta Equities' Prashant Tapse

Prashant Tapse, Vice President (Research) at Mehta Equities, believes the year-end celebratory mood or hope of a Santa Claus rally is missing in the market. "Cautious optimism is likely to be the preferred theme at Dalal Street in hope that the effect of the Omicron variant of COVID on equities will ultimately be modest. We suspect the benchmark Nifty can extend its annual Santa Claus rally only if investors can shrug off Omicron as barely more than a blip on the radar," he said.

Dec 30, 2021 4:43 PM

Volatility, choppiness likely to remain high on Friday: Religare Broking's Ajit Mishra

Ajit Mishra, VP-Research at Religare Broking, said volatility and choppiness are likely to remain high in the coming session. "We maintain a cautious stance on the market. A revival in the banking pack will be crucial for the market. Meanwhile, global cues and upcoming domestic auto sales numbers will be on the radar," he said.

"Besides, updates with regards to the rise in Omicron cases in domestic as well as global markets will be a key monitorable. Traders are expected to keep low leverage and hedged position," Mishra added.

Dec 30, 2021 4:39 PM

Metal rally played out to great extent: Vaibhav Sanghavi

Vaibhav Sanghavi of Avendus Capital Alt Strategies believes that the rally in metals has played out to a great extent. "We have seen because of China, metal prices have been pretty strong and recovery demand also really strong as well. Now, if there is a possibility where the Fed starts to raise rates, and the dollar index continues to strengthen... We have seen in past that whenever the dollar strengthens, in the last 10 years, largely, you will see that metals kind of keep on underperforming this whole appreciation. Our view is basically that we have seen the best part of the metals rally," he said.

"Of course, there can be tactical trades here and there, in the extremely short term, but from a structural and a secular 1-2 year perspective, I think they have performed best till now," Sanghavi added.

Dec 30, 2021 4:38 PM

Wait for clarity before buying RBL Bank shares: Deven Choksey

Deven Choksey of KRChoksey suggests those looking to buy RBL Bank shares to wait for the emergence of more clarity. "There may be some situations of irregularity, which probably has forced RBI to put strict monitoring onto the bank, and put in the director and take necessary action. Whether it will be all bad, I do not know. But I would think that, if some of the transactions, which are so called bad transactions, are identified, and the remedial actions planned, clarity would emerge," he said.

"At this point of time, without clarity, if one wants to buy into the bank, it will be a little longish waiting period as I see it. That's where I will keep an eye on it," he added.

Dec 30, 2021 4:28 PM

Large part of overhang will be behind for IndiGo once internal feud gets resolved: Mayuresh Joshi

Mayuresh Joshi of William O'Neil believes that a large part of the overhang in IndiGo will be behind once the internal feud, as far as the promoters are concerned, gets resolved. "But the markets look beyond that. They look at the structural story unfolding in front of them at this point of time," he said.

"I think in the last quarter or two, with restrictions getting lifted off and capacities running at 90-100 odd percent, life retuned to the airline. But with the Omicron, restrictions coming back again, a lot of these airline companies are actually fighting for their slots with competitive intensity coming through... There is a lot of action happening on a lot of variables for the aviation industry as a whole. So I would categorise that in terms of how the news flow probably happened. So I think it's more of trading moves into these aviation stocks at this point," he said.

Dec 30, 2021 4:25 PM

Transition to 2022 to see more normal monetary policy: HDFC Securities' Dhiraj Relli

Dhiraj Relli, MD and CEO at HDFC Securities, said the transition to 2022 will see a more normal monetary policy, and investors could do well to expect more moderate returns from financial markets. "Central banks will start to raise rates but remain more tolerant of inflation. Central banks and their assessment of economic conditions will likely be front and centre once again in shaping investment strategies in 2022," he said.

"After a super show in 2021, valuation levels in Indian equities could make most people cautious on India within emerging markets and Asia. Indian equities are running into many challenges, including the US rate cycle, rising oil prices, elections in key states, a potential third wave of COVID-19, upward inflexion in domestic interest rates, rich headline valuations and strong relative trailing performance," he added.

However, he believes the Indian market still has the potential to surprise positively, as a macro construct and earnings remain largely supportive.

"The markets can be more discerning in 2022, and hence sticking to high quality companies and maintaining your planned asset allocation remains key for a better outcome from 2022," he added.

Dec 30, 2021 4:20 PM

Nifty50 in a make-or-break situation: Manish Hathiramani

Manish Hathiramani, Proprietary Index Trader and Technical Analyst at Deen Dayal Investments, believes the Nifty50 is in a make-or-break situation as it has failed to close above the 17,250-17,300 zone. "Either we get past 17,300 on a closing basis and move higher towards 17,600-17,800 or make a U-turn and head southward towards 16,800, which is strong support for the index. Weakness will emanate if we break 16,800 on a closing basis," he said.

Dec 30, 2021 4:16 PM

December F&O Series | Sensex, Nifty down nearly 2%; midcap index down 3%

Here are some highlights:

--Nifty Bank underperforms major indices, down 6.2%

--IT stocks dominate top index gainers in December series; HCL Tech gains 17.1%

--Kotak Mahindra, IOC, Bharti Airtel top losers

--RBL Bank sheds 35% after management rejig; one of top F&O laggards

--Diagnostic, chemical stocks among top F&O gainers

Dec 30, 2021 4:12 PM

Rupee ends higher at 74.40 against US dollar

The rupee ended at 74.40 against the greenback as against its previous close of 74.73.

Dec 30, 2021 4:06 PM

Market At Close |Nifty Bank only major index in the green

Here are some highlights:

--Gains in HDFC Bank, IndusInd help Nifty Bank rise

--NTPC, IndusInd, HCL Tech top gainers

--Bajaj Auto, Reliance Industries, steel stocks top losers

--Reliance drags Nifty lower; IT stocks provide some support

--RBL Bank falls 9% after reports of Rs 300 crore loan write-off

--Oil India rises 8% as Brent hits $80/bbl

--Market breadth neutral; advance-decline ratio at 1:1

Dec 30, 2021 4:02 PM

Market At Close | NTPC, IndusInd, HCL Tech, Titan, Cipla top blue-chip gainers

On the other hand, Bajaj Auto, Reliance Industries, JSW Steel, Tata Steel and Maruti Suzuki were the worst hit among the 27 laggards in the Nifty50 pack.

Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Here's how the 30-scrip basket fared:

Dec 30, 2021 3:53 PM

Market At Close | Sensex flat at 57,794, Nifty at 17,204

Both headline indices ended the day on a flat note. The 30-scrip index declined 12.2 points to close at 57,794.3 and the broader Nifty50 benchmark slipped 9.7 points to 17,204. (Read more on the closing bell)

Dec 30, 2021 3:40 PM

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