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Aug 17, 2022 4:52 PM

Rupee ends at 79.44 vs US dollar

On Friday, it had settled at 79.65 against the greenback.

Aug 17, 2022 4:19 PM

Market At Close | Nifty50 rises for 7th session in a row

Here are some highlights:

--Nifty50 clocks its longest gaining streak since January 2021

--Both headline indices at fresh 4-month highs

--Bajaj Finance, Bajaj Finserv, HDFC Life, Hero MotoCorp top Nifty gainers

--Bharti Airtel up two percent following upfront payment for 5G spectrum auction

--Apollo Hospitals continues to fall

--M&M, Tata Motors see profit booking

--City gas distribution stocks slip as MGL announces price cut for CNG and PNG — IGL and MGL down two percent

--PVR slips two percent on lower-than-expected response to recent movie releases

--Zee Entertainment, Trent, ICICI Lombard, L&T Tech top midcap gainers

--Singer India surges 37% in two sessions as Rare Enterprises picks stake

--ITDC and Thomas Cook surge on Cabinet nod to enhance ECLGS for hospitality sector

--Market breadth favours the bulls — advance-decline ratio at 3:2

Aug 17, 2022 3:41 PM

Aug 17, 2022 3:24 PM

Aug 17, 2022 2:46 PM

Markets are just 3 to 4% off their lifetime highs: Devang Mehta

Devang Mehta, Head- Equity Advisory, Centrum Wealth on the Sensex at 60k says that The return of Foreign institutional investors, Credit growth in mid-teens for the banking sector, decent monsoon, commentary on impending capex & above all the first quarter earnings season, which did not disappoint the street, were catalysts for the up move in the market.

“With the festive season in India for the next few months, revenge shopping, eating out & revenge travel, a lot of consumption-oriented sectors would find favourite & with credit growth and capex coming back, BFSI would also be a beneficiary,” adds Mehta.

Aug 17, 2022 2:34 PM

Aug 17, 2022 2:24 PM

Hero MotoCorp at day's high

Aug 17, 2022 2:16 PM

Buy KPIT, Macrotech Developers: Kush Bohra

Here are two recommendations by Kush Bohra, founder of kushbohra.com

-- Buy KPIT Tech for a target of Rs 600 with a stop loss at Rs 555

-- Buy Macrotech Developers for a target of Rs 1,200 with a stop loss at Rs 1,090

Aug 17, 2022 1:43 PM

Retail sales up 36% in July

The retail sales growth is visible across regions when compared to July 2019, the pre-COVID levels, with the numbers in East India growing 25 percent, West India 10 percent, North India 16 percent and South India 21 percent. (More here)

Aug 17, 2022 1:39 PM

Aug 17, 2022 1:22 PM

Bharti Airtel settles 5G spectrum instalments for four years ahead of rollout of services

The telco has paid Rs 8,312 crore to the Department of Telecom (DoT) towards dues for spectrum acquired by the company in the recently concluded 5G auctions. (Here's more)

Aug 17, 2022 1:00 PM

Buy Coforge, Motherson Sumi: Aditya Agarwala

Here are two recommendations by Aditya Agarwala, head of research and investments, Invest4edu:

-- Buy Coforge for a target of Rs 4,100-4,200 with a stop loss at Rs 3,800

-- Buy Motherson Sumi for a target of Rs 136 with a stop loss at Rs 127

Aug 17, 2022 12:47 PM

Aug 17, 2022 12:37 PM

Aug 17, 2022 12:25 PM

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