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    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low
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    Summary

    Stock Market Highlights: Indian equity benchmarks BSE Sensex and NSE Nifty50 scaled fresh four-month closing highs on Friday, as Dalal Street headed into a long weekend on account of the Independence Day holiday ahead. Gains in financial, metal and oil & gas shares pushed the headline indices higher, though losses in IT and healthcare counters capped the upside. Broader markets also strengthened, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.7 percent and 0.3 percent respectively.

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    Pain trade to continue, markets to squeeze higher: Adrian Mowat

    Emerging equity markets strategist Adrian Mowat tells CNBC-TV18 that Capital markets are about second differentials; what is the rate of change, at the beginning of this year it was the story of inflation, constantly surprising negative effect being seen behind the curve. Market having to very rapidly price in a much more hawkish Fed or a Fed that would take rates, if you look at the three on three quarters. And all that was happening with relatively soft economic data. What we have had since the market hit its lows is we have had macroeconomic data that is arguably been better than people were expecting and I would particularly highlight the labour market data in terms of the Non-Farm Payroll. And we finally started to have a few inflation prints, which are moving in the right directions. And this inflation data is coming out from the PMI as well as PPI and CPI. I think this is very important for the overall tone of the market.”

    Rupee ends marginally lower at 79.66 vs US dollar

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Market At Close | Sensex and Nifty50 scale fresh 4-month closing highs

    Here are some highlights: 

    --Financial and metal shares lead headline indices higher

    --ONGC top Nifty gainer — stock rises five percent ahead of results

    --Divi’s Labs and Apollo Hospitals slip after weak results

    --Metal stocks gain as global prices rise — Tata Steel and SAIL up over three percent

    --Bharat Forge extends gains to a second straight day on strong earnings

    --City gas distribution stocks continue to gain momentum on favourable policy

    --Aurobindo Pharma gains four percent from day's low on positive management commentary

    --India Cements rises amid volatile trade following results

    --Paytm falls five percent as proxy advisory firm IiAS demands Vijay Sharma’s removal

    --Market breadth favours the bulls — advance-decline ratio at 1:1

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Rupa & Co near day's low after reporting earnings

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Grasim Q1 earnings

    Grasim reported a total capex of Rs 6,720 crore against Rs 2,537 crore in the year-ago period. The capex for paint buisness stood at Rs 3,542 crore against Rs 579 crore in the corresponding period in previous fiscal. 

    Cummins shares jump after Credit Suisse raises target price by 28%

    Cummins India shares rise as much as four percent to Rs 1,288.4 apiece on BSE. The company's CFO, Ajay Patil, sees an uptick in demand in the Middle East, Europe and Latin America markets. Cummins has taken multiple price hikes in the past 18 months, he tells CNBC-TV18. "What we have been seeing is that from a quarterly results perspective, we do see some kind of a counter to the commodity inflation, which is reflected in the financials and the pricing playing out in the obvious lag effect from a financials point of view," he says. 

    Divi's Labs reports April-June earnings

    The Divi's stock falls 3.2 percent after the earnings announcement.

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Buy UPL, NTPC: Mitessh Thakkar
    Here are two recommendations by Mitessh Thakkar of earningwaves.com:
    -- Buy UPL for a target of Rs 800 with a stop loss at Rs 770 
    -- Buy NTPC for a target of Rs 163 with a stop loss at Rs 155 

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Tata Motors and SBI tie up for EV dealer finance

    SBI and Tata Motors shares gained around one percent each after the news.

    Dabur appoints Mohit Burman as Non-Executive Chairman as Amit Burman resigns as Chairman — shares flat

    The stock is down by 40 paise or 0.1 percent at Rs 581.7 apiece on BSE.

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Syrma SGS Tech IPO to hit the Street shortly

    Dalal Street is just about to have its first IPO in as many as 11 weeks. The initial share sale of Syrma SGS Tech — due to open at 10 am — is the 17th in 2022 so far.

    Syrma SGS Technology's IPO, to raise about Rs 840 crore, is the first public offer since Aether's to raise Rs 808 crore in late May 2022.

    Potential investors will be able to bid for Syrma SGS shares in a range of Rs 209-220 apiece in multiples of 68 in the subscription window. (Read more)

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low
    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low
    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Rupee edges lower vs US dollar

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

    Stocks To Watch | Apollo Hospitals, Aurobindo Pharma, Asian Paints and Nykaa in the spotlight

    Global Cues | Brent crude hovers around $100 a barrel

    Wall Street indices finished mixed on Thursday

    The S&P 500 and Nasdaq finished in the red while Treasury yields rose as investors digested signs of cooling US inflation and hopes the Fed could slow interest rate hikes against warnings that the battle with rising prices was far from over.

    --S&P 500: down 0.1 percent

    --Dow Jones: up 0.1 percent

    --Nasdaq Composite: down 0.6 percent

    Sensex and Nifty50 scaled fresh 4-month closing highs on Thursday

    Indian equity benchmarks scaled fresh four-month closing peaks on Thursday led by gains in financial and IT shares, after a softer-than-expected inflation reading from the world's largest economy lifted global markets. (Read more on the August 11 session)

    Stock Market Highlights: Nifty50 ends 2 pts shy of 17,700 and Sensex rebounds 350 pts from day's low

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