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Jul 28, 2022 4:28 PM

Expect rupee to move in 79-40-80 range in near term: Anindya Banerjee

Anindya Banerjee, VP-Currency Derivatives and Interest Rate Derivatives at Kotak Securities, says the Fed's hint at a slower pace of rate hikes leading to profit taking in the US dollar and a risk-on mood in equities helped the rupee.

He expects the rupee to move within a range of 79.40-80 in the spot market in the near term.

Jul 28, 2022 4:28 PM

Rupee ends higher at 79.75 vs dollar

On Wednesday, it had settled at 79.90 against the greenback.

Jul 28, 2022 4:25 PM

Fed rate hike along expected lines, largely factored in by market: Siddhartha Khemka

Siddhartha Khemka, Head-Retail Research at Motilal Oswal Financial Services, says the tone of the Fed Chairman was less hawkish this time compared to the previous statement.

"That allayed some fears and lifted the sentiments. Going ahead, the rate hikes would be more data-driven and would be determined by inflation. The Fed Chairman ruled out the possibility of a US recession. We expect it to have a positive rub-off on the RBI. The MPC might slow down its aggression and hike rates by 25 bps in its next meeting,” he says.

Jul 28, 2022 4:21 PM

Good set of numbers from Bajaj twins: Sudip Bandopadhyay

Sudip Bandopadhyay, Group Chairman of Inditrade Capital, tells CNBC-TV18 that valuation is the only thing that worries him when it comes to Bajaj Finance and Bajaj Finserv, both of which posted a good set of numbers.

"Even after correction, it has gone up and at the current level, keep watching the stock. Whenever there is a correction in the market because of multiple reasons and there is a bit of a downtrend in the stock, it will be a great opportunity for the long-term investor to buy," he adds.

Jul 28, 2022 4:20 PM

Market At Close | Sensex and Nifty50 scale 3-month closing highs

Here are some highlights:

--Bajaj Finance and Bajaj Finserv surge over 10 perent each following quarterly results

--Most heavyweights see gains — Infosys, Reliance, Kotak Mahindra Bank top Nifty contributors

--Shree Cement earnings miss estimates — stock six percent off day's high

--Nestle rises three percent following in-line earnings

--Jubilant FoodWorks falls six percent from day's high despite better-than-expected results

--Dr Lal four percent off day's low as non-COVID revenue rises sequentially

--Biocon top midcap loser after weak earnings

--Dixon Tech falls three percent as company cuts TV volume and total revenue guidance

--Bharti Airtel slides and Reliance rises amid 5G auctions

--Indiabulls Housing, Mindtree, L&T Infotech, HAL, Info Edge top midcap gainers

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

Jul 28, 2022 4:11 PM

Jul 28, 2022 3:40 PM

This expert valued Zomato at current market price before listing but...

When Zomato stock listed at Rs 74, valuation guru Aswath Damodaran had termed it "too expensive". Shares of Zomato later soared to touch a high of Rs 169 in 2021 — over four times the value Damodaran had assigned. The food delivery app's stock on Wednesday touched a new 52-week low of Rs 40.55. (Read more)

Jul 28, 2022 3:18 PM

SBI Cards at day's high after earnings announcement

Jul 28, 2022 2:22 PM

Indian Oil Corporation shares up 0.4%

Jul 28, 2022 2:07 PM

Expect NIM to remain stable around 7.5% going ahead: Nirmal Jain

Nirmal Jain, Founder, IIFL Group & Managing Director of IIFL Finance said, "I think margins will remain in the similar band. And given our product range and our profile of retail customers, we should be in a position to pass on the interest rate hikes, which are expected in the next three quarters." Jain added that IIFL if you doesn't face much difficulty in passing on the interest rate increases as and when it happens. "But given the product mix, I think net interest margins (NIMs) will remain stable around in the range of 7.5 percent give and take few basis points."

The shares of IIFL Finance trading 2.4% up at Rs 353.9.

Jul 28, 2022 1:53 PM

Shree Cement falls nearly 4% after reporting Q1 earnings

Jul 28, 2022 1:33 PM

EBITDA margin for FY23 seen at 4-4.5%: Atul Lall

Atul Lall, MD, Dixon Technologies said that the EBITDA margin for the year is seen at 4-4.5 percent. "We maintain the same target," he added. But, here's why the worst might not be over for Dixon Technologies.

Jul 28, 2022 1:21 PM

Percentage of ownership by FIIs in India is at a decadal low: Vikash Kumar Jain

Vikash Kumar Jain, Investment Analyst, CLSA said that ownership of FII as of Indian markets, in terms of percentage ownership, that has come down to nearly a decadal low. "FIIs percentage ownership of Indian market is the lowest in the last 10 years."

Jul 28, 2022 12:55 PM

Jubilant FoodWorks shares up 5% after earnings announcement

Jul 28, 2022 12:36 PM

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