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Apr 1, 2022 4:19 PM

Market Watch: Prakash Diwan Market Expert on auto stocks

“Continue to be positive on that but whether it would buy Ashok Leyland or Tata Motors, not yet because the delta is going to be much more promising on the passenger side and from that perspective Maruti is ripe for a turnaround anytime and within 6 months you are going to a see a significant change in the trajectory for the business.”

Market Watch: Anshul Saigal, Head & Executive VP of Kotak PMS on power stocks

If at all these are bets, which are more opportunistic in nature, I wouldn't buy them as secular bets for the long-term. Clearly these pockets were very reasonably priced till recently and to that extent that valuation discount is getting corrected. But if you asked me that, should I buy this space for the next three, five years because that is a secular growth story. I wouldn’t be in that camp. I would much rather buying to growth. I do believe that there are pockets in the country where growth is still not priced in, even though in the broader markets one believes that valuations are expensive, but still there are pockets where the growth that we are going to see over the next three-five years is definitely not priced in and hence I would be in that space much more than power because I don't see this as a secular uptrend kind of story.

Market Watch: Dipan Mehta Director, Elixir Equities on Reliance Industries

“What we are seeing in Reliance Industries is pre-result buying taking place and may be trading positions are being built-up in the expectation of very good set of numbers which may come through. I think Reliance will fire on all cylinders this time around. In a way the stock has been in a sideways movement for several months and maybe this current result may take a breakout on the upside. So it is a great short term trading opportunity.”

Apr 1, 2022 3:45 PM

Closing Bell: Sensex jumps 700 points, Nifty near 17,700 on 1st day of FY23

Indian shares ended sharply higher on the first day of the new financial year with the broader Nifty50 settling near the 17,700 mark, while the benchmark BSE Sensex jumping over 700 points. At close, the Sensex was up 708 points or 1.2 percent at 59,276, and the Nifty was up 205 points or 1.18 percent at 17,670. All sectors ended positive, settling in the green. NTPC, BPCL, Power Grid, IndusInd Bank and SBI lead among Nifty gainers, while Hero Moto, SBI Life, Sun Pharma, TechM and Titan were top Nifty losers. Midcap and smallcap indices also added over a percent each, rallying in tandem with the benchmarks.

Apr 1, 2022 3:39 PM

Your Stocks: What experts say on Zomato, Titan, Lupin, IRFC

In an interview to CNBC-TV18, Gaurang Shah, senior vice president of Geojit Financial Services and Vaishali Parekh, head of technical research at Prabhudas Lilladher, shared their reading and outlook…

Apr 1, 2022 3:29 PM

JUST IN | March GST collections come in at Rs 1.42 lakh crore.

Apr 1, 2022 3:28 PM

FY22 fiscal deficit likely to be close to revised target of 6.9%

The FY22 fiscal deficit is likely to come in at around the revised figure of 6.9 percent, according to people in the know. The government in the third Supplementary Demands for Grants has a good additional net cash outgo of Rs 1 lakh crore odd. This has probably been balanced out or offset by a similar amount of savings by other departments and ministries.

Apr 1, 2022 3:26 PM

Market Watch: Prakash Gaba, prakashgaba.com

Hindustan Unilever is a buy with a stop loss of Rs 2,050 and target of Rs 2,100

Power Grid is a buy with a stop loss of Rs 217 and target of Rs 240

Apr 1, 2022 3:25 PM

Market Watch: Hemen Kapadia of KRChoksey Securities

Buy BPCL with a stop loss at Rs 358 for a target of Rs 394.

Buy MGL with a stop loss at Rs 779 for a target of Rs 833.

Buy Havells India with a stop loss at Rs 1,150 for a target of Rs 1,196.

Apr 1, 2022 3:23 PM

Just 5 Sensex stocks in the red; NTPC leads gainers

Apr 1, 2022 3:18 PM

Tata Motors sells 2,43,459 vehicles in Q4FY22

Tata Motors Limited today announced its sales in the domestic & international market, for Q4 FY22, which stood at 2,43,459 vehicles, compared to 1,91,373 units during Q4 FY21.

Apr 1, 2022 2:58 PM

Ashok Leyland shares gain as sales better-than-expected in March

Shares of Ashok Leyland rose as much as 2 percent on Friday after the automobile company reported its sales numbers for March. At 14.09 pm, shares of the company were trading 1.3 percent higher at Rs 118.75 on BSE. The company said total domestic sales in March 2022 came in at 20,123 units as compared to the CNBC-TV18 poll estimate of 17,500 units. In March 2021, total sales for Ashok Leyland came in at 17,231 units.

Apr 1, 2022 2:52 PM

Midcap Index crosses 30,000 for the first time since February 11, 2022

Apr 1, 2022 2:43 PM

Crypto transaction profits to be taxed from today; all you need to know

Beginning April 1, all forms of virtual digital assets (VDA) or crypto assets that are sold at a profit will attract a tax of 30 percent. The announcement was made by Finance Minister Nirmala Sitharaman in her Union Budget speech this year. While this high crypto tax rate has made stock trading (which attracts a maximum tax rate of 15 percent) a more lucrative option, it has also left investors with several questions.

Apr 1, 2022 2:35 PM

Bullish FY22 for commodities: From tackling pent-up demand to impact of Russia-Ukraine crisis

It has been an amazing, phenomenal and very bullish year for all commodities. What led to this was the post-pandemic demand recovery which led to a lot of buying into the prices. Also, under-investment in mining, metals and various other sectors, including energy really exposed the fact that if the demand came in so quickly, there was no way that the producer could really catch up.

Apr 1, 2022 2:26 PM

Bosch acquires 14% stake in Zeliot Connected Services

Bosch Ltd, a provider of technology and services in the mobility ecosystem, on Friday said it has acquired a 14 per cent stake in Bengaluru-based B2B start-up Zeliot Connected Services Pvt Ltd. This investment will enhance Bosch Ltd's role in the mobility landscape through offerings on digital platforms in the personalised and connected mobility, the company said in a statement. The company, however, did not disclose the financial details of the transaction.

Apr 1, 2022 2:18 PM

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