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Stock Market Highlights: Sensex rebounds 1,449 pts from day's low; Maruti, Axis Bank up 7%
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Stock Market Highlights: Sensex rebounds 1,449 pts from day's low; Maruti, Axis Bank up 7%
Jan 24, 2022 10:43 PM

Thank you, readers! That's all from CNBC-TV18.com's live market coverage on January 25, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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Jan 25, 2022 5:03 PM

Why Equinomics' Chokkalingam remains bullish on Oil India

G Chokkalingam, Founder and MD at Equinomics Research, told CNBC-TV18 he is tracking the Oil India stock since 1992. In his view, the PSU basket provides a 'phenomenal multibagger opportunity" once every 5-8 years.

Chokkalingam said the stock is still some 50 percent away from the peak of 3-4 years. (Read more)

Jan 25, 2022 4:54 PM

Prefer banks to NBFCs: Vaibhav Sanghavi

Vaibhav Sanghavi, Co-CEO at Avendus Capital Alt Strategies, prefers banks to NBFCs at the current juncture. "In an increasing interest rate environment, banking or financials would generally be the that would do well. We have also seen in the recent results, they have been panning out pretty well; growth is evident, and probably asset quality is also pretty much in check except for the NBFC space where we are seeing some weakness," he said.

With respect to NBFCs, I think the core advantage that was their outreach is now getting kind of challenged with the advent of new fintech companies... At this point in time, we would want to be in banks, and probably the leaders as well that are capable of showing some decent growth while improving their asset quality," he added.

Jan 25, 2022 4:52 PM

Rupee drops to 74.78 vs US dollar

The rupee settled at 74.78 against the greenback on Tuesday. On Monday, it had settled at 74.56.

Jan 25, 2022 4:50 PM

Speacialty chemical space still has wings: Anand Tandon

Market expert Anand Tandon sees more potential in specialty chemicals in general. "Navin Fluorine has done quite well... You're playing a cycle, because of the withdrawal of China Plus, the fact that you are looking at the overall sector doing quite well... So most of the companies have done well, and will likely continue to do well for at least the foreseeable future," he said.

Jan 25, 2022 4:49 PM

Market coming to terms with new age cos' over-projected future growth numbers: Anand Tandon

Market expert Anand Tandon believes the market is slowly coming to terms with the fact that many of the future growth numbers of new age businesses are over-projected. He doesn't expect a straight line fall as such but expects them to "churn down further from where we are". "We are looking at an interest rate scenario that is going to tighten from here no matter what the central banks may do or say. So if you are looking at that, it's a simple question of being a long bond and a long bond will trade down. And that is the reason why we've been arguing that value will outperform growth simply because you are willing to value current cash earnings much higher than any future earnings that may come because of the growth," he said.

"Even otherwise, a company like Zomato, for example, was grossly overpriced, even assuming the best margins and the best growth story," he added.

Jan 25, 2022 4:47 PM

Expect volatility to linger as investors wait for Fed policy decision: Vinod Nair

Vinod Nair, Head of Research at Geojit Financial Services, said low-level buying helped headline indices take a breather after a week-long consolidation. "Volatility is expected to linger as investors await the Fed’s final policy statement, providing clarity on the timeline of rate hikes. If the statement is hawkish as anticipated, we cannot ignore a bounce in the market," he said.

Jan 25, 2022 4:11 PM

Nifty above crucial medium-term support: Manish Hathiramani

Manish Hathiramani, Proprietary Index Trader and Technical Analyst at Deen Dayal Investments, said the Nifty50 closed above crucial medium-term support at 16,950. "If we need to bounce or make a V-shaped recovery, this is the place from where that can happen. Next resistance is at 17,400-17,500 levels. If we break 16,950 on a closing basis, the index can fall further to 16,500-16,550 levels," he said.

Jan 25, 2022 4:00 PM

Market At Close | Sensex, Nifty snap 5-day losing streak

Here are some highlights:

--Banking, auto stocks aid rebound in headline indices

--Sensex, Nifty rise 2-4% from intraday lows

--Midcap index rises over 1,000 points from day's low, up 294 points for day at 29,677

--Nifty Bank up 1,300 points from low, up 759 points at 37,707 for day

--Axis Bank, Maruti surge 7% each after strong earnings

--Bharti Airtel rises 3% on reports Google likely to subscribe in preferential issue

--Strong Maruti earnings lift auto stocks; Hero, Tata Motors, Bajaj Auto up 2%

--Pidilite quarterly earnings miss Street estimates, stock down 1%

--SRF rises 2% after better-than-expected Q3 performance

--Zomato surges 20% from day’s low, up 10% for day

--Nykaa slips 4%, down 17% in 2 sessions

--Market breadth favours bulls; advance-decline ratio at 2:1

Jan 25, 2022 3:59 PM

Market At Close | Maruti Suzuki, Axis Bank, SBI, IndusInd, UPL top blue-chip gainers

Coal India, Bharti Airtel, Tata Consumer, BPCL and Hero MotoCorp were also among the top blue-chip gainers. On the other hand, Wipro, Bajaj Finserv, Titan, UltraTech, Tech Mahindra and Infosys were the worst hit among the 14 laggards in the Nifty pack.

Here's how the 30-scrip basket fared:

Jan 25, 2022 3:49 PM

Closing Bell | Sensex up 367 points at 57,858, Nifty50 above 17,250

The 30-scrip index ended 366.6 points or 0.6 percent higher at 57,858.2, having recovered 1,448.5 points from the lowest level of the day. The broader Nifty50 benchmark settled at 17,278, up 128.9 points or 0.8 percent from its previous close. The 50-scrip benchmark recovered 441.2 points from its intraday low at the close.

In the past five consecutive trading sessions, the Sensex had shed 3,817.4 points or 6.2 percent.

Jan 25, 2022 3:40 PM

Explainer | Why are oil prices high, and is there any relief in sight?

Energy costs have been one of the main drivers of what's become the highest inflation in a generation. (Here's all you need to know about current oil prices)

Jan 25, 2022 3:35 PM

Vodafone Idea shares rally 5%; why telco stock is surging

Vodafone Idea shares rose over 5 percent Tuesday to Rs 11.50 after its chief Ravinder Takkar said it may raise mobile services rates in 2022 as well, but will largely depend on the market reaction to the previous tariff hike.

Jan 25, 2022 3:31 PM

Star Cement reports net profit of Rs 43.8 crore in Q3

Star Cement has reported net profit of Rs 43.8 crore in the quarter ended December 2021 versus loss of Rs 1.74 crore in the same quarter last fiscal. Revenue of the company was up 31% at Rs 554.9 crore versus Rs 423.4 crore, YoY. EBITDA was down 19.6% at Rs 67.53 crore versus Rs 84 crore and margin was down at 12.17% versus 20%, YoY.

Jan 25, 2022 3:26 PM

Pidilite Q3 Results: Revenue comes in at Rs 2,851 crore, net profit at Rs 359 crore

Pidilite reports consumer biz volume growth at 10% Vs CNBC-TV18 poll of 13-15%. Company says going forward, expect near-term demand conditions to be a little more challenged, given the disruptions as a result of the pandemic as well as input inflation to continue. (Read more on Pidilite Q3 earnings)

Jan 25, 2022 3:17 PM

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