Thank you, readers! That's all from CNBC-TV18.com's live market coverage on January 5, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

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Jan 5, 2022 5:26 PM

Buy Nestle, Britannia when valuations give opportunity: Prakash Diwan

Market expert Prakash Diwan is positive on Nestle and Britannia, but would like to wait for the right opportunity in terms of valuations.

"I hope travel stocks do well given the kind of revenge travel that's likely to happen after the third wave subsides. So on the consumption names, we've seen the impact of higher input costs, the raw material impact being finally priced in, and even the likes of HUL, and all that are finding it quite difficult to pass on prices to consumers... So there are two parts of, of consumption names. One is the kind of paints, homebuilding and home improvement, and things which are fairly easy to kind of get away with in terms of prices... That's where you probably find much more salience. But the staples are where the demand compression is definitely very stark. So I would stick to that. Asian Paints and Indigo Paints have enough room to grow... The market is wide open for that. But don't ignore the fact that the basic cycle on home improvement will start from cement and steel and all of that, because that's where the first round of construction led growth is going to be felt," he said.

"But I wouldn't buy anything on the consumption names at this point in time and wait for the market to see a little bit of a shakeout of sorts from these stretched valuations," Diwan added.

Jan 5, 2022 5:26 PM

Desired consolidation preferred theme for Thursday: Mehta Equities' Prashanth Tapse

Prashanth Tapse, Vice President (Research) at Mehta Equities, said all bullish eyes are on the Nifty’s all-time high of 18,605. "If you still think the headwinds have the power to predict things bearish, you should reconsider. The preferred theme for Thursday’s trade could be desired consolidation. The Nifty and the Bank Nifty have support at 17,389 and 36,577 respectively," he said.

Jan 5, 2022 5:22 PM

Wait before buying Bajaj Finance: Prakash Diwan

Market expert Prakash Diwan suggests investors to give Bajaj Finance some time. "Fundamentally, Bajaj Finance has always been priced to perfection, or probably even more generously. So any slippage, any letdown in those numbers, from the kind of high expectation it has to meet up with is always the opportunity to buy and not when the numbers actually meet expectations. I would wait for those opportunities, because it does correct itself, bounce back and consolidate. So, it gives you ample opportunities to buy at a more reasonable valuation than the stretch... I'm sure you will probably get one of those days where it's easy to buy and not be worried about the price every day," he said.

Jan 5, 2022 5:20 PM

Positive on ABB, Muthoot Finance: Kunj Bansal

Kunj Bansal, CIO of Karvy Capital, is positive on ABB and Muthoot Finance.

ABB

“Despite valuations being high a year ago, the stock has almost doubled. The way the topline has been growing, it is resulting into expectation of margins going up for the company. So ABB looks good, with a disclosure that I have bought some shares and I hold them,” he said.

Muthoot Finance

“Finally, BFSI seems to have come in the limelight. While private sector largecap banks continue to be fast moving stocks, Muthoot Finance is a good investment opportunity. It had corrected almost 20 percent till last week but in the last one week, it has moved up 7-8 percent or so,” he said.

Jan 5, 2022 5:07 PM

IT got substantially rerated due to COVID: Axis MF's Shreyash Devalkar

Shreyash Devalkar, Senior Fund Manager-Equities at Axis Mutual Fund, believes IT is among the few sectors that got substantially rerated due ot COVID. "All the stocks got rerated, not only largecap, midcap and global IT services companies. The largest ones are trading in the range of around 35-40. This entire space got rerated in the last one-and-a-half year backed by really strong growth, deal wins and very good margins. Also, in the entire sector, tailwinds are definitely there. In the midcap segment, valuations are on a higher side compared to their historical averages on the largecaps, but probably such kind of valuations were there 10-15 years ago, if not in the recent past," he said.

"But in the midcap, definitely the valuations are at a higher level. One need to take really stock-specific view in this because if these companies that are able to give you 15 percent-plus or higher teens kind of growth, such kind of multiple is sustainable. One needs to look at it from that point of view,” he added.

Jan 5, 2022 4:54 PM

Your Stocks | Birlasoft, Infosys, Aarti Drugs in focus

Astha Jain of Hem Securities and Rahul Sharma of Equity99 Advisors answer investors' queries on CNBC-TV18's Your Stocks.

Jan 5, 2022 4:46 PM

TCS, Infosys, Wipro, other IT stocks drop; worst day for Nifty IT in 2 weeks

IT stocks from the likes of Tata Consultancy Services (TCS), Infosys and Wipro succumbed to selling pressure, halting a winning run that lasted four trading sessions.

The Nifty IT index fell as much as 2.4 percent during the session before finishing the day down 1.9 percent -- its worst single-day fall since December 20. (Read more on IT shares)

Jan 5, 2022 4:43 PM

With every new COVID wave, correlation between mobility restrictions, GDP reducing: Citi

Roaring markets notwithstanding, the Indian economy appears to be facing several headwinds. Rural consumption has slowed down, as pointed out by consumer durables and FMCG players. India’s trade deficit has inched to uncomfortable levels, coupled with bond yields moving up. COVID-induced restrictions, announced by several states, are also playing spoilsport. To understand whether any of these can become brakes to growth, CNBC-TV18's Latha Venkatesh spoke to Samiran Chakraborty, Chief Economist-India at Citi.

"The Omicron threat is looming over the economy. But I must also say that our work globally is suggesting that with every passing wave, the correlation between mobility restrictions and the GDP impact is getting weakened, or in other words, the virus is not having as much impact on the economy as it initially was having," he said. (Read more)

Jan 5, 2022 4:40 PM

Omicron cases surge; experts assess impact on travel bookings

There's been a surge in the number of COVID cases owing to the high transmissibility of the Omicron variant. CNBC-TV18 spoke with Thomas Cook CMD Madhavan Menon and Cleartrip CEO Ayyappan Rajagopal to understand how the rising numbers have impacted travel bookings. (Read more)

Catch latest COVID-19 updates here

Jan 5, 2022 4:26 PM

Market At Close | All Nifty Bank constituents in the green

Here are some highlights:

--Financial stocks surge as Street cheers Q3 business momentum; Nifty Bank up 856 points

--Private financial stocks lead Nifty 120 points higher

--Banking stocks rise across the board; HDFC Bank, ICICI Bank, Kotak Mahindra Bank lead gains

--Small banking stocks Federal, IDBI, Bandhan, DCB Bank gain 2-7%

--Midcap index holds on to gains, up 47 points at 30,917

--IT pack takes a breather from this week's rally; 4 out of 5 top Nifty50 losers IT stocks

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

Jan 5, 2022 4:04 PM

Market At Close | Bajaj twins, Kotak Bank, JSW Steel, Grasim top blue-chip gainers

Indian Oil, BPCL, Eicher Motors, Axis Bank and Tata Steel were also among the top gainers. On the other hand, Tech Mahindra, Infosys, HCL Tech, Divi's, Wipro, PowerGrid and Dr Reddy's were the worst hit among the 17 laggards in the Nifty50 basket. (Catch the complete list of stocks that moved the most on January 5)

Here's how the 30-scrip pack fared:

Jan 5, 2022 3:49 PM

Closing Bell | Sensex up 367 points at 60,223, Nifty at 17,925

The 30-scrip index ended 367.2 points or 0.6 percent higher at 60,223.2 and the broader Nifty50 benchmark settled at 17,925.3, up 120 points or 0.7 percent from its previous close. Gains in financial, consumer and metal shares pushed the headline indices higher, though losses in IT stocks limited the upside. (Read more on the closing bell)

Jan 5, 2022 3:37 PM

HFCL shares surge after company joins hands with Aprecomm

HFCL shares skyrocketed after the telecom equipment maker and technology provider announced a partnership with Aprecomm, a provider of AI-powered Wi-Fi analytics technology.

The HFCL stock surged as much as 13 percent to Rs 89.4 on BSE, coming within seven percent of a 52-week high touched in July 2021. (Read more on HFCL shares)

Jan 5, 2022 3:26 PM

Nifty firm above 17,900, on track to close higher for fourth session in a row

Jan 5, 2022 3:19 PM

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