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July 15, 2022 / 04:01 PM IST

Closing Bell: Nifty ends above 16,000, Sensex gains 344 pts amid volatility; autos shine

On the sectoral front, Auto index added 2 percent and FMCG and Capital Goods indices rose 1 percent each. However, Metal index fell 1 percent.

  • Closing Bell: Nifty ends above 16,000, Sensex gains 344 pts amid volatility; autos shine
    Stock Market Today:
    Moneycontrol.com
    HIGHLIGHTS
    • 03:36 PM IST

      Indian rupee ends flat at 79.87 per dollar

    • 03:34 PM IST

      Market ends higher with NIfty above 16000

    • 03:22 PM IST

      Credit Suisse keeps 'neutral' rating on ACC, cut target price to Rs 2,000

    • 03:19 PM IST

      Kesoram Industries has posted net loss at Rs 61.2 crore versus profit of Rs 12.8 crore, YoY

    • 03:16 PM IST

      BSE Capital Goods index rises 1 percent supported by the Bharat Electronics, Schaeffler India, L&T

    • 03:13 PM IST

      Goldman Sachs keeps 'neutral' rating on ACC with a target at Rs 2,100

    • 03:10 PM IST

      GTPL Hathway Q1 profit falls 9% but revenue grows 5% to Rs 630.9 crore

    • 03:01 PM IST

      Indices trade higher with Nifty above 16000

    • 02:53 PM IST

      Citi keeps buy rating on ACC, cut target price to Rs 2,460

    • 02:51 PM IST

      Nifty PSU Bank index sheds 1 percent dragged by the Canara Bank, Bank of Baroda, Punjab and Sind Bank

    • 02:26 PM IST

      Repco Home Finance board approves raising up to Rs 4,000 crore via NCDs

    • 01:49 PM IST

      Cipla Health signs agreement to acquire Endura Mass

    • 12:52 PM IST

      Federal Bank posts 63.5% jump in Q1 net profit at Rs 600.6 crore

    • 12:45 PM IST

      BSE Realty index rises 0.5 percent led by Oberoi Realty, DLF, Godrej Properties

    • 12:37 PM IST

      Tata Elxsi delivers 63% profit growth, revenue grows 30% in Q1

    • 11:54 AM IST

      Angel One reports 46.5% YoY growth in profit on healthy topline

    • 11:45 AM IST

      Sharekhan maintains buy on L&T Infotech, target Rs 4,750

    • 11:35 AM IST

      Gold set for fifth weekly loss on dollar surge, rate-hike fears

    • 11:28 AM IST

      Morgan Stanley maintains equal-weight rating on L&T Infotech

    • 11:20 AM IST

      Bharti Airtel jumps 2%

    • 10:45 AM IST

      BSE Auto index up 1 percent led by the Minda Industries, M&M, Bosch

    • 10:39 AM IST

      Yes Bank chooses JC Flowers ARC as partner for its ARC

    • 10:37 AM IST

      Nomura maintains reduce rating on L&T Infotech with a target at Rs 3,680

    • 10:33 AM IST

      IndiGo Delhi-Vadodara flight diverted as precautionary measure after engine vibrations

    • 10:29 AM IST

      Tata Steel Long Products tanks 3% after Rs 331-crore loss in June quarter

    • 10:17 AM IST

      HDFC Bank, Bharat Electronics among others to announce Q1 results on July 16

    • 10:13 AM IST

      BEML gets order worth Rs 261.65 crore for supply of Motor, Trailer coaches

    • 10:01 AM IST

      Indices erase some of the opening gains but still trading higher

    • 09:51 AM IST

      Syngene International signs 10-year biologics manufacturing agreement with Zoetis

    • 09:38 AM IST

      BSE Fast Moving Consumer Goods index up nearly 1 percent supported by the Apex Frozen Foods, Eveready Industries India, Hindustan Unilever

    • 09:36 AM IST

      BSE Metal index sheds nearly 1 percent dragged by the Jindal Steel, Nalco, Coal India

    • 09:26 AM IST

      Jindal Steel & Power, Federal Bank, Den Networks, Just Dial among other to annouce results today

    • 09:18 AM IST

      Indices open higher with Nifty above 16000

    • 09:10 AM IST

      Indian markets are likely to open on a positive note: ICICI Direct

    • 09:06 AM IST

      Markets are likely to start on a firm note: Prashanth Tapse

    • 09:02 AM IST

      Indian rupee opens 5 paise lower at 79.92 per dollar

    • 09:00 AM IST

      Asian stocks stumble, dollar steadfast as growth outlook darkens

    • 08:58 AM IST

      Rupee is expected to depreciate today: ICICI Direct

    • 08:53 AM IST

      Trade deficit rises to record $26.1 billion in June as imports surge, up 172% YoY

    • 08:41 AM IST

      SBI decided to increase MCLR on loans by 10 bps

    • 08:33 AM IST

      Pace of fund outflow from India moderated this week: Cameron Brandt of EPFR Global

    • 08:25 AM IST

      Adani Group set to acquire K Raheja Corp's two land parcels in Navi Mumbai

    • 08:23 AM IST

      Adani Ports wins tender for privatisation of Israel's Haifa Port

    • 08:06 AM IST

      Oil prices climb amid questions over scale of US rate hike

    • 07:59 AM IST

      L&T Infotech Q1 net profit rises 28% YoY to Rs 633 crore

    • 07:54 AM IST

      ACC Q2 consolidated profit declines 60% YoY to Rs 227 crore; revenue grows 15% to Rs 4,468 crore

    • 07:44 AM IST

      S&P 500, Dow close lower after bank earnings, inflation data

    • 07:36 AM IST

      SGX Nifty indicates a flat start for the Indian indices

  • IndexPricesChangeChange%
    Sensex60,286.04-220.86 -0.37%
    Nifty 5017,721.50-43.10 -0.24%
    Nifty Bank41,490.95116.30 +0.28%
    Nifty 50 17,721.50 -43.10 (-0.24%)
    Tue, Feb 07, 2023
    Biggest GainerPricesChangeChange%
    Adani Enterpris1,802.95230.25 +14.64%
    Biggest LoserPricesChangeChange%
    Tata Steel111.45-6.00 -5.11%
    Best SectorPricesChangeChange%
    Nifty Bank41490.95116.30 +0.28%
    Worst SectorPricesChangeChange%
    Nifty FMCG45758.10-535.50 -1.16%


  • July 15, 2022 / 08:27 AM IST

    Moneycontrol launches Analysts’ Call Tracker. A monthly special page that tells you which way analysts are leaning; the stock they are most bullish or bearish on, what they are upgrading or downgrades, and where they are betting against the market. Ignore this at your own risk!

  • July 15, 2022 / 04:02 PM IST

    Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas

    The Nifty, in the week gone by, stumbled near multiple technical parameters, which were near 16200. It is hovering near the level of 16000 for the last few sessions. On the weekly chart, it has formed an Inside bar, which shows loss of momentum. 

    The hourly chart shows that the index has moved down from the upper end of a rising channel towards the lower end. 

    The near term support zone for the index is 15850-15900. Once that is breached then the index can slide down towards 15500. From trading perspective, sell on rise will be the strategy for short term traders with reversal above the swing high of 16275. 

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  • July 15, 2022 / 03:59 PM IST

    Rupak De, Senior Technical Analyst at LKP Securities:

    The index remained sideward as it had been a lackluster session on the last day of the week. However, the index was able to reclaim the 16000 mark at the end. 

    The momentum indicator has ended with a bullish crossover. Over the short term, the index may move towards 16170-16200. On the lower end, support is visible at 15900-15850.

  • July 15, 2022 / 03:55 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    Markets remained volatile but finally ended with modest gains, taking a breather after the recent dip. After the initial uptick, the benchmark hovered in a narrow range for most of the session however buying interest in select index majors in the last hour aided positive close in the index. 

    On the benchmark front, the Nifty settled at 16,049.20 levels; up by 0.7%. Amongst the sectors, most sectors traded in tandem wherein auto, consumer durables and capital goods were the top gainers. The broader indices too gained in the range of 0.6%- 0.9%.

    Markets will first react to the banking major, HDFC Bank, numbers in early trade on Monday. Besides, the performance of the global indices especially the US markets and movement in crude will remain on participants’ radar. Amid all, we recommend continuing with a positive yet cautious approach till Nifty holds 15,900 and focusing more on stock selection.

  • July 15, 2022 / 03:49 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Volatility has re-emerged and investors have turned their focus on upcoming Fed policy in the backdrop of heightened US inflation. Fall in crude prices and reduction in FII selling added optimism to the domestic market while gloomy IT results, depreciating rupee and fear of global recession are restricting sizeable up move. 

    In addition to the Fed policy, the domestic market's near-term momentum will be influenced by ongoing quarterly earnings.

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  • July 15, 2022 / 03:42 PM IST

    Jateen Trivedi, VP Research Analyst at LKP Securities:

    Rupee traded in a range between 79.80 and 79.98. As dollar index traded in a range, broadly the trend for dollar is positive till the time it is above USD 105 next hurdle for dollar can be seen around USD 110 hence rupee can be seen weak trend continued towards 80.50. 

    79.25 will act as resistance for rupee and break above 79.25 will trigger short covering for rupee. Rupee range can be seen between 79.50-80.50 for the coming week.

  • July 15, 2022 / 03:39 PM IST

    Kunal Shah, Senior Technical Analyst at LKP Securities:

    The Bank Nifty index witnessed some buying from the previous gap zone, however the trend remains sideways. The index downside support stands at 34,400 and resistance stands at 35,300. 

    The index needs to break the range on either side for getting a clear trend. The index if it breaks the support of 34,400 will lead to further selling pressure towards 34000 where the highest open interest is built up on the put side.

  • July 15, 2022 / 03:36 PM IST

    Rupee Close:

    Indian rupee ended flat after hitting fresh record low of 79.96 per dollar, intraday. INR has closed at 79.87 per dollar against Thursday’s close of 79.87.

  • July 15, 2022 / 03:34 PM IST

    Market Close: Indian benchmark indices ended on positive note in the highly volatile session on July 15.

    At close, the Sensex was up 344.63 points or 0.65% at 53,760.78, and the Nifty was up 110.50 points or 0.69% at 16,049.20. About 1712 shares have advanced, 1491 shares declined, and 147 shares are unchanged.

    Tata Consumer Products, Titan Company, Eicher Motors, Tata Motors and HUL were among the top Nifty gainers, while losers included Tata Steel, Power Grid Corporation, HCL Technologies, Wipro and JSW Steel.

    On the sectoral front, Auto index added over 2 percent and FMCG and Capital Goods indices rose 1 percent each. However, Metal index fell 1 percent.

    BSE midcap and smallcap indices gained 0.5 percent each.

  • July 15, 2022 / 03:26 PM IST

    Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas

    Rupee is expected to trade with a mildly positive bias on positive global markets. Risk assets recovered after Fed officials Christopher Waller and James Bullard said that they favored a 75 bps rate hike, trimming speculation of a 100 bps rate hike. 

    However, any pullback in US Dollar may pressurize Rupee. Traders may take cues from US retail sales and industrial production data. USDINR spot price is expected to trade in a range of Rs 79.50 to Rs 80.50 in next couple of sessions.

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  • July 15, 2022 / 03:22 PM IST

    Credit Suisse View on ACC

    Foreign research house Credit Suisse has kept 'neutral' rating on ACC and cut the target price to Rs 2,000 from Rs 2,450 per share.

    The long-term outlook was intact amid near-term energy cost headwinds. The company delivered in-line results with 10.5 percent growth in volumes. The margins were impacted at Rs 526 per tonne on a sharp spike in energy cost.

    Credit Suisse reducing EBITDA/tonne estimate to Rs 750/tonne in CY22 and improving to Rs 970/1000/tonne in CY23/24, reported CNBC-TV18.

    ACC was quoting at Rs 2,143.85, down Rs 12.55, or 0.58 percent on the BSE.

  • July 15, 2022 / 03:19 PM IST

    Kesoram Industries Q1 results: 

    Kesoram Industries has posted net loss at Rs 61.2 crore versus profit of Rs 12.8 crore and revenue was up 4.2% at Rs 891.2 crore versus Rs 855.4 crore, YoY, reported CNBC-TV18.

    K esoram   Industries Q1 results:   

 Kesoram Industries has posted net loss at Rs 61.2 crore versus profit of Rs 12.8 crore and revenue was up 4.2% at Rs 891.2 crore versus Rs 855.4 crore, YoY, reported CNBC-TV18.