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Jun 14, 2022 5:21 PM
Indian market good relative to emerging market peers: HSBC's Murat Ulgen
Murat Ulgen, Global Head of Emerging Markets Research at HSBC, tells CNBC-TV18 that in his view, India is one of those markets where investors actually see deceleration in inflation. In a way, it is a good place to be relative to other emerging markets, he says.
"This is exactly where you want to be given that currently it's exactly the opposite. So in that regard, India stands out much better," he adds.
Jun 14, 2022 5:18 PM
Bajaj Auto Share Buyback | The wait for the final price keeps investors nervous
Bajaj Auto shares suffer sharp losses amid choppy trade on Tuesday as a key meeting of the automaker's board to consider a proposed buyback of equity ends with no result. The company's management says further deliberations are required to decide on the equity buyback.
The Bajaj Auto stock tumble in the final 30 minutes of the session after the announcement, finishing the day lower by Rs 196.2 or 5.1 percent at Rs 3,684.4 after gyrating within a narrow range around the flatline for much of the session.
“It is quite surprising that after giving a notice, they have deferred the buyback. Of course the board of directors can take a call to either not go ahead or to postpone or any other possibilities, but generally, it doesn’t happen," Kunj Bansal of Investment-Illiteracy.com tells CNBC-TV18. (Read more)
Jun 14, 2022 4:29 PM
Rupee edges higher to close at 77.99 vs US dollar
On Monday, it had settled at 78.04 against the greenback.
Jun 14, 2022 3:58 PM
Market at close
Market failed to hold on to recovery during the day and closed at a fresh 11-month low. Nifty closed 42 points lower at 15,732 after breaching March low of 15,671 and Sensex slipped 153 points to 52,694.
Jun 14, 2022 3:40 PM
Market At Close | Sensex and Nifty50 fail to hold on to the green
Here are some highlights:
--Sensex and Nifty50 at fresh 11-month closing lows
--Bajaj Auto falls five percent on deferment of share buyback
--Metal shares remain under pressure on falling prices
--Adani Enterprises rises six percent after green hydrogen deal with TotalEnergies
--LIC snaps 10-day losing streak — up one percent at Rs 674.2 per share
--Bharti Airtel, NTPC, Divi’s, M&M, Cipla top Nifty gainers
--IndusInd, ONGC, Tech Mahindra, HDFC Life, Hero MotoCorp top Nifty losers
--OMC stocks fall as dollar index trades around 105
--Metropolis falls four percent after promoter announces won't exit business
--Polycab, Indiabulls Housing Finance, Nalco, Crompton Consumer top midcap losers
--Market breadth turns in favour of the bears — advance-decline ratio at 3:4
Jun 14, 2022 3:39 PM
Bajaj Auto shares react to board's statement on buyback
Bajaj Auto shares fell sharply after the board said that further deliberations are required to take a decision on buyback. The stock is more than 7 percent off highs.
Jun 14, 2022 3:25 PM
Why Adani Enterprises shares are rising
Adani Enterprises Ltd shares jumped more than 9 percent in an unexplained pre-open surge on Tuesday. While the scrip is off from the day's high and currently trades around Rs 2,190, the Adani Enterprises stock price sentiment remained upbeat. (check what's fuelling the stock)
Jun 14, 2022 3:02 PM
Krishna Medical shares trading 0.4 percent up at Rs 1,203.9 after the announcement
Jun 14, 2022 2:40 PM
Semiconductor waiting time down from 48 weeks to 4 months: Johnson Controls
Johnson Controls, the automation firm that has its security and HVAC systems installed at some of the world's most iconic skyscrapers like Burj Khalifa and the Taipei 101, stated that things have started improving on the semiconductor front. (Read here)
Jun 14, 2022 2:23 PM
Buy Jubliant Foodworks, Tata Motors: Shrikant Chouhan
Here are recommendations by Shrikant Chouhan of Kotak Securities:
-- Buy Jubilant Foodworks for a target of Rs 600 with a stop loss at Rs 490
-- Buy Tata Motors DVR for a target of Rs 240-245 with a stop loss at Rs 180
-- If the market falls to the levels of 15,500 then look at adding Tech Mahindra as well as HCL Technologies to positional portfolio.
Jun 14, 2022 1:59 PM
Some QSR stocks look like a decent investment bet right now
Market experts suggest that some Quick Service Restaurant (QSR) stocks might be a decent investment bet right now. Large market opportunity, under-penetration, and changing consumer preferences are fuelling growth. (Read more here)
Jun 14, 2022 1:42 PM
Zomato shares gain five percent after falling 4.9 percent on Tuesday
A day after the government directed food delivery platforms to fix complaint redressal system, the shares of Zomato gained 5 percent after falling 4.9 percent on the BSE. The government of India, on Monday, asked online food business operators to submit a proposal within 15 days for improving their consumer grievance redressal mechanism amid rising complaints. (Read here)
Jun 14, 2022 1:27 PM
LIC acquires 2 percent stake in Capri Global
Life Insurance Corporation of India acquires additional 2 percent stake in Capri Global at Rs 624.6 per share since February 21. LIC shares are up 0.7 percent at Rs 672.6 apiece on BSE. The Capri Global stock is trading at Rs 695.1.
Jun 14, 2022 1:19 PM
Jun 14, 2022 1:02 PM
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