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Jun 9, 2022 4:37 PM

Largecap IT space remains among top picks: Motilal Oswal Financial Services' Gautam Duggad

Gautam Duggad, Head of Research-Institutional Equities at Motilal Oswal Financial Services, tells CNBC-TV18 that the largecap IT space remains one of his preferred picks. He finds Infosys attractive after the recent correction.

"Banking remains the most attractive largecap space. In my view, earnings have been extremely strong for last 3-4 years, and the prices have gone nowhere so valuations are extremely attractive. We are seeing a pickup in credit growth or we are seeing a further improvement in asset quality. ICICI Bank and SBI are the two names from the financials that we like," he says.

"Titan has been a house favourite for last 7-8 years in terms of consumer discretionary spend, which is seeing a fair bit of a revival," he adds.

Jun 9, 2022 4:34 PM

Rupee ends marginally lower at 77.77 vs US dollar

On Wednesday, it had settled at 77.73.

Jun 9, 2022 4:13 PM

Market At Close | Last-hour recovery helps Sensex and Nifty50 halt 4-day losing streak

Here are some highlights:

--Fag-end recovery led by Reliance, Infosys and HDFC Bank shares

--Metal stocks remain under pressure on fresh China lockdown — Tata Steel falls four percent

--OMC stocks surge — HPCL and BPCL rise up to four percent

--IEX rises five percent on favourable order from electricity regulator CERC

--CONCOR, Biocon, Tata Communications, Metropolis, ICICI Pru among top midcap gainers

--Strides Pharma, Vedanta, Indiabulls Housing Finance, AU Small Finance Bank, Indian Hotels top midcap losers

--LIC extends losing streak to eight days — down 21 percent from issue price

--Market breadth favours bulls — advance-decline ratio at 5:4

Jun 9, 2022 3:49 PM

Policy normalisation is the big theme globally: Manpreet Gill

Manpreet Gill of Standard Chartered tells CNBC-TV18 that policy rates are yet to catch up with pre-COVID levels. "In the US market, equities do well in the early stage of the rate hike cycle... Don’t think it’s time to worry about equities just yet... We need to take all warning signs seriously," he adds.

Jun 9, 2022 3:15 PM

Positive on logistics space: Prakash Diwan

Market expert Prakash Diwan tells CNBC-TV18 that he is positive on the kind of assets that Concor has. "I'm quite positive on this space. And from a value perspective, I think the Gateway Distriparks definitely makes a great deal. It's available at almost at a compelling valuation," he says.

Jun 9, 2022 2:58 PM

Abbott shares extend slight gains, trading at Rs 17,900

Jun 9, 2022 2:46 PM

Buy Mphasis, Gallantt Metal, sell Tata Steel: Himanshu Gupta

-- Buy Mphasis for a target of Rs 2,700 - 2,750 with a stop loss at Rs 2,570

-- Buy Gallantt Metal for a target of Rs 95 -100 with a stop loss at Rs 78

-- Sell Tata Steel for a target of Rs 1,000 with a stop loss at Rs 1,060

Jun 9, 2022 2:12 PM

Infosys shares climb after strategic collaboration announcement

Jun 9, 2022 2:07 PM

Shares of oil marketing companies rise despite a surge in crude prices

Jun 9, 2022 1:42 PM

Don’t Expect Negative Growth For CV Sector For Next 3-4 Years​: Umesh Revankar

Umesh Revankar, VC & MD, Shriram Transport Finance Company said, "Now, we are in an upcycle. The upcycle may not be a very steep increase, but it will be a gradual increase." "However, the hike in vehicle price", he said, "had limited scope for growth in the last year, but this year the growth will be modest." Considering the inflationary trend, Revankar said, "there will be upcycle for next 3-4 years. So I don't think there is going to be any negative growth for at least another four years on the commercial vehicle side.”

Jun 9, 2022 1:20 PM

Buy IEX, IGL: Mitessh Thakkar

Here are two trading calls from Mitessh Thakkar of earningwaves.com:

--Buy IEX for a target of Rs 190 with a stop loss at Rs 179

--Buy IGL for a target of Rs 370 with a stop loss at Rs 352.5

Jun 9, 2022 1:10 PM

Domestic equity benchmarks recover after opening in red for fourth session straight

Jun 9, 2022 1:04 PM

Buy Reliance Industries, SBI Life: Ashish Kyal

-- Buy Reliance Industries for target of Rs 2,900 with a stop loss at Rs 2,670

-- Buy SBI Life for target of Rs 1,234 with a stop loss at Rs 1,120

(Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.)

Jun 9, 2022 12:51 PM

Oil marketing companies extend gains

Jun 9, 2022 12:46 PM

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