financetom
Market
financetom
/
Market
/
Stock Market Highlights: Sensex zooms 1,335 pts, Nifty50 reclaims 18,050; HDFC twins surge on merger boost
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Stock Market Highlights: Sensex zooms 1,335 pts, Nifty50 reclaims 18,050; HDFC twins surge on merger boost
Apr 3, 2022 10:33 PM

Thank you, readers! That's all from CNBCTV18.com's live market coverage on April 4, 2022. Stay tuned for other updates on our website: CNBCTV18.com.

You can follow us on Twitter: @CNBCTV18Live @CNBCTV18News

And on Facebook, LinkedIn, Instagram and Telegram

Download our mobile app for Android and iOS platforms

Catch latest from CNBCTV18.com's coverage of Russia-Ukraine war

Apr 4, 2022 5:43 PM

Positive on IndiaMART: Hemang Jani

Hemang Jani, Retail Equity Strategist at Motilal Oswal Financial Services, is positive on IndiaMART after the deep correction in the last 3-4 months. "What we feel is that there is renewed buying interest in the entire startup theme and companies with some sort of a platform and online business, given that the midcap sector is back in the reckoning with the beginning of the new financial year as retail investors are looking for such beaten down names... That is where IndiaMART is fitting in,” he says.

Apr 4, 2022 5:34 PM

HDFC Bank-HDFC merger positive: Rakshit Ranjan

Rakshit Ranjan of Marcellus investment Managers says the proposed merger is in line with Marcellus expects a portfolio company to do: smartly figure out how either a capital allocation decision or a business process improvement can be achieved in order to strengthen competitive advantages. 'It keeps us sort of convinced about them in our portfolio," he adds.

Apr 4, 2022 5:34 PM

Don't think market giving significant premium: Deepak Shenoy on HDFC-HDFC Bank merger

Capitalmind Founder Deepak Shenoy is of the view that the market is not giving a significant premium to the proposed merger, but only factoring in the increase in book value. "The market is looking at the increase in book value per share because the ownership of HDFC in HDFC Bank gets written down. So the effective increase in book value per share is roughly eight percent. The stock market is saying 'we will give the same price to book for the combined entity and therefore the price would be up by about 7-8 percent'," he says.

Apr 4, 2022 5:31 PM

Always good to be cautious from near-term perspective: Charandeep Singh

Charandeep Singh, Co-Founder and Fund Manager of Girik Capital, says it is always good to be cautious from a near-term perspective. "From a five-year perspective, I think there are great opportunities; India has always been a great stock picker market," he says.

His advice: It is not wise to spend too much time worrying about where the market is in the near term.

"As managers are always concerned about where the earnings acceleration is going to be and where the greatness quotient is going to be, we can actually go and find our investors, what we're paid to do, which is fine, great stories, find where the earnings acceleration is, and find companies be it large, mid or small, that can grow their earnings pie over a 3-5 year period and make money for investors," he says.

"That is all our focus is about; the rest really is just rhetoric and headlines, which we try to ignore as much as possible," he adds.

Apr 4, 2022 5:08 PM

Hindustan Aeronautics hits record high on highest-ever revenue in FY22

HAL recently bagged a contract for the production of 15 light combat helicopters (LCH), 10 for IAF and five for the Indian Army, at a cost of Rs 3,887 crore.

Apr 4, 2022 4:39 PM

Rupee ends higher at 75.55 vs US dollar

The rupee settles at 75.55 against the greenback. On Thursday, it had settled at 75.79.

Apr 4, 2022 4:37 PM

Market At Close | Financial stocks take Sensex, Nifty to near 3-month highs

Here are some highlights:

--Nifty Bank surges 4 percent; HDFC Bank biggest contributor on merger boost

--HDFC Bank lifts Nifty Bank by 1,178 pts; HDFC, HDFC Bank lift Nifty50 by 240 pts

--HDFC, HDFC Bank post biggest single-day gains in 13 years on merger proposal

--HDFC group stocks HDFC Life, HDFC AMC also rise

--All sectoral indices in the green

--46 Nifty stocks rise; HDFC, HDFC Bank, Adani Ports top gainers

--Infosys, Titan, Tata Consumer in the red

--IndiaMART, Chambal Fertilisers, Metropolis, GSPL, Dr Lal top midcap gainers

--M&M Financial, IDFC First rise after strong Q4 updates

--Market breadth favours bulls; advance-decline ratio at 4:1

--BSE-listed companies' market cap increases by over Rs 4 lakh crore

Apr 4, 2022 4:17 PM

HDFC, HDFC Bank, HDFC Life, Adani Ports top blue-chip gainers

Kotak Mahindra Bank, Hero MotoCorp, Hindalco and Divi's also among the top blue-chip gainers.

Only four stocks in the Nifty50 basket finish the day below the flatline: Infosys, Tata Consumer, Titan and JSW Steel.

Here's what the 30-scrip basket looks like:

Apr 4, 2022 4:00 PM

Closing Bell | Sensex up 1,335 points at 60,612, Nifty50 at 18,053

The Sensex finishes the day up 1,335.1 points or 2.3 percent at 60,611.7 and the Nifty50 at 18,053.4, up 383 points or 2.2 percent from its previous close. (Read more on the closing bell)

Apr 4, 2022 3:35 PM

US stock futures erase day's gains, trade flat ahead of Federal Open Market Committee (FOMC) minutes due on Wednesday

Apr 4, 2022 3:29 PM

Indo Count soars 10% on completing acquisition of home textile biz of GHCL

Shares of Indo Count Industries soared 10 percent to Rs 186 on the BSE in Monday’s intra-day trade, gaining as much as 17 percent in the past two trading sessions after the company completed the acquisition of the home textile business of GHCL.

Apr 4, 2022 3:24 PM

Mining related shares in demand, zoom over 13%

Shares of mining and minerals related companies were in demand, with the likes of Vedanta, NMDC and Coal India gaining up to 4 percent. Ashapura Minechem had zoomed more than 13 percent.

Apr 4, 2022 3:16 PM

Adani Total Gas shares gain 6%; hits new lifetime high

Shares of Adani Total Gas had hit a new lifetime high of Rs 2,380, up 6 percent on the BSE in Monday’s intra-day trade. The stock surged 16 percent in the past six trading sessions after the company announced its foray into the electric mobility infrastructure sector.

Apr 4, 2022 3:06 PM

Vodafone raises stake in Vodafone Idea to 47.61%

British telecom major Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 percent through its subsidiary Prime Metals, a regulatory filing said on Monday. The company earlier held 44.39 percent stake in Vodafone Idea Limited (VIL).

Apr 4, 2022 2:54 PM

Load more

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Disney, CVS Health And 3 Stocks To Watch Heading Into Wednesday
Disney, CVS Health And 3 Stocks To Watch Heading Into Wednesday
Aug 6, 2024
With U.S. stock futures trading higher this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects McKesson Corporation ( MCK ) to report quarterly earnings at $7.21 per share on revenue of $82.53 billion after the closing bell, according to data from Benzinga Pro. McKesson shares gained 2.2% to $627.73...
EMERGING MARKETS-Stocks track global shares higher, dollar gains weigh on FX
EMERGING MARKETS-Stocks track global shares higher, dollar gains weigh on FX
Aug 7, 2024
(Updated at 0855 GMT) * Romanian central bank seen cutting rates by 25 bps * Outlook for CEE currencies mixed: Reuters Poll * Bangladesh c.bank officials resign due to protests - sources By Lisa Pauline Mattackal Aug 7 (Reuters) - Emerging market stocks rose on Wednesday, as global shares bounced back from a brutal sell-off at the start of the...
Bridgewater says sell-off in Japan's stocks is overdone
Bridgewater says sell-off in Japan's stocks is overdone
Aug 7, 2024
NEW YORK, Aug 6 (Reuters) - Bridgewater Associates said in a commentary sent to investors on Tuesday that it believes the sell-off in Japan's equities the previous day was exaggerated and that the stocks remain somewhat attractive, according to two sources familiar with the letter. According to the sources, the $112.5 billion global macro hedge fund wrote that, in their...
US STOCKS-Futures rally as Big Tech extends recovery
US STOCKS-Futures rally as Big Tech extends recovery
Aug 7, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Futures up: S&P 500 1.05%, Nasdaq 1.21%, Dow 0.79% Aug 7 (Reuters) - U.S. stock index futures jumped on Wednesday as risk appetite returned after a steep selloff earlier in the week, with sentiment also getting a boost from...
Copyright 2023-2026 - www.financetom.com All Rights Reserved