Stock Market LIVE Updates: Sensex, Nifty50 surge; Bajaj twins jump 3%, TCS, Axis Bank, ICICI Bank 2%

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14:36:45 IST

Indigo falls 4%, SpiceJet down 2% on hike in jet fuel prices

Shares of InterGlobe Aviation Ltd, which operates Indigo – India’s largest low-cost carrier – fell almost 4 percent on Monday on the BSE after jet fuel or aviation turbine fuel (ATF) prices were hiked by 2.75 percent on firming international oil prices. Shares of SpiceJet were down 1.4 percent on the bourses.

14:24:46 IST

Market Watch | Buy CCL Products, AB Capital: Jay Thakkar, Marwadi Shares and Finance

– Buy CCL Products with a stop loss of Rs 394 and a target of Rs 500.

– Buy AB Capital with a stop loss of Rs 122 and a target of Rs 145.

14:12:22 IST

Anand Rathi Wealth shares gain nearly 2% ahead of earnings

Shares of Anand Rathi Wealth Ltd gained 1.6 percent on Monday after a strong debut in the secondary market in December 2021. The upward movement in the shares of the company comes just days before it is due to report its earnings for the quarter ended December 31, 2021, on January 6.

Anand Rathi Wealth stock was trading 1.22 percent higher at Rs 596 on the BSE and was up 1.41 percent to Rs 596.80 on the NSE at 12:55 pm. In the past five sessions, the share price has jumped 4.28 percent.

14:02:20 IST

Domestic economy is seeing favourable cycle ahead: Ashwini Agarwal Co-Founder & Partner, Ashmore Investment Managament

2021 was an exceptional year in terms of returns because there was a lot of surprise that came in as the liquidity globally remained quite easy growth prospects improved and everybody started to look beyond the virus to some degree towards the middle of the year after the second wave. That narrative has continued into the start of this year. So to my mind, it’s a tale of two halves as we look forward. We have a very interesting setup for the domestic economy where government finances are in good shape banks are under leverage, there’s a huge incentive for people to invest in production and manufacturing, led by PLI and governments infrastructure, investments revival in real estate. So the domestic economy is obviously seeing a favourable cycle ahead. At the same time, you’ve got a very different global macro backdrop, which is not as favourable as it has been, dare I say, for nearly a decade now, where you had very easy liquidity, supporting valuations, the world over and my sense is that as rates rise, and as that narrative starts to take hold, how the market reacts to it would be very key. Locally, I’m also a little bit worried that our starting point on valuations is not very supportive and at the same time, we’ve got a huge amount of paper flow. So in my stance, the market is actually going to struggle to break out in either direction, with the domestic growth narrative supporting the downside, and the very sobering global narrative as well as a paper supply putting a cap on further upside.

13:54:48 IST

What lies ahead for the market in 2022

CNBC-TV18 conducted a poll to get a sense of what lies ahead for markets in 2022. It received some very interesting responses from almost 40 participants for five questions.

Asked about the view on equities for the next one year, nearly 90 percent respondents see returns in excess of around 5-10 percent on the cards, and nearly 50 percent believe they could exceed 10 percent. (Read more on what to expect on Dalal Street in 2022)

13:49:22 IST

Business Update | M&M Financial disbursals up 26% in December quarter 

The company’s disbursals in the October-December period stood at Rs 7,900 crore, up 26 percent on a year-on-year basis and 22 percent sequentially.

Month Collection efficiency Disbursals (in crore rupees)
December 100% 2,750
November 94% 2,500
October 91% 2,650
September 100% 1,900

13:45:32 IST

Karur Vysya Bank Q3 Biz Update

– Total deposits up 7.7% (YoY); loan growth at 7.1% (YoY)

13:35:47 IST

Mark Mobius says Indian consumer getting richer, companies like Metropolis Healthcare to do well

Market guru Mark Mobius believes the Indian consumer is getting richer and is buying more. In an exclusive interview to CNBC-TV18, Mobius, Founder of Mobius Capital Partners, believes the index may be affected but one needs to look at individual companies. (Read more on what the veteran investor said)

13:21:01 IST

© Provided by CNBCTV18

We are veering towards endemic situation, Omicron not last variant: Biocon’s Kiran Mazumdar Shaw

Biocon’s Kiran Mazumdar Shaw said in an interview to CNBC-TV18 that Omicron is not the last of coronavirus variants. “We need to brace ourselves for many variants,” she said.

Even the Delta variant shouldn’t be a such a huge worry “as we know how to deal with it now”, she added.

13:19:21 IST

Buy BEL, Dalmia Bharat: Hemen Kapadia

Here are two trading calls from Hemen Kapadia of KRChoksey Securities:

–Buy BEL for a target of Rs 226 with a stop loss at Rs 202 

–Buy Dalmia Bharat for a target of Rs 1,960 with a stop loss at Rs 1,850 

13:17:52 IST

Buy L&T Tech, Muthoot Finance: Himanshu Gupta

Here are two trading calls from Himanshu Gupta, VP Research at Globe Capital: 

–Buy L&T Technology Services for a target of Rs 5,850-5,940 with a stop loss at Rs 5,630 

–Buy Muthoot Finance for a target of Rs 1,545-1,560 with a stop loss at Rs 1,514 

13:10:37 IST

Mark Mobius says markets will be very different in 2022, suggests ‘going back to basics’

“The markets will be very different in 2022.” That is the message from market guru Mark Mobius. In an exclusive interaction with CNBC-TV18, the Founder of Mobius Capital Partners said “going back to basics will work in 2022”. (Read more on what veteran investor Mark Mobius said)

13:10:05 IST

Zomato receives record 2.5 million orders on New Year’s Eve

Zomato shares rose on Monday after the company revealed its bookings on New Year’s Eve.

CEO Deepinder Goyal said the company crossed 2.5 million orders on a single day on December 31 — the highest it has ever done. (Read more on Zomato’s New Year’s Eve bookings)

13:04:40 IST

William O’Neil’s Dean Kim bats for Navin Fluorine, Fine Organic 

Dean Kim, Head-Global Research Product at William O’Neil & Company, is positive on Navin Fluorine and Fine Organic in India. In the healthcare and pharma space, he likes Sun Pharma, Max Health and Fortis Health. (Read more)

13:03:16 IST

Helios Capital sees 10-15% returns in market in 2022, overweight on financials

Samir Arora, Founder and Fund Manager at Helios Capital, sees returns to the tune of 10-15 percent in the Indian market in 2022, which would be in line with the normal longer-term average. Heavily overweight on financials, Arora also likes the quick service restaurant (QSR) space. 

He continues to own Westlife Development and Jubilant FoodWorks. (Read more on what Helios Capital thinks of the market now)

12:36:54 IST

Maruti Suzuki shares up 2%

Maruti Suzuki shares were up 1.6 percent at Rs 7,548.2 apiece on BSE, having risen as much as 2.3 percent earlier on Monday. 

On Saturday, the company reported total sales of 1,53,149 units in December, with sales in the domestic market at 1,26,031 units. The company saw its highest ever monthly exports in December, at 22,280 units. 

The shortage of electronic components had a minor impact on vehicle production. 

12:34:08 IST

CNBC-TV18 Exclusive | Maruti Suzuki’s Shashank Srivastava says price hikes so far not sufficient to cover raw material inflation

Maruti Suzuki’s Shashank Srivastava told CNBC-TV18 the company’s market share in SUVs is low. The real problem for Maruti Suzuki is in the mid SUV segment, he said. 

Speaking on electric vehicles, he said the company will introduce its first vehicle in the segment in 2025. India will see a lot of introductions in the hybrid space over the next three years, he said. 

12:15:39 IST

CNBC-TV18 Exclusive | Maruti Suzuki’s Shashank Srivastava says price hikes so far not sufficient to cover raw material inflation

Maruti Suzuki’s Shashank Srivastava said in an interview to CNBC-TV18 that the price hikes announced by the company so far are not sufficient to cover rising raw material costs. The genesis of the raw material cost pressure goes back a year, he said. 

The company did not increase prices in 2020 due to the impact on demand, he said. Rural demand is strong with the monsoon situation being normal, Srivastava added.  

Maruti Suzuki’s market share is at 62 percent in overall passenger cars.

12:05:24 IST

CNBC-TV18 Exclusive | Maruti Suzuki’s Shashank Srivastava says there has been some improvement in semiconductor situation 

Maruti Suzuki’s Shashank Srivastava told CNBC-TV18 there has been some improvement on the semiconductor front over the past few months. 

However, the timeline of a full normalisation of the semiconductor situation remains unclear, he siad. 

12:02:12 IST

CNBC-TV18 Exclusive | Maruti Suzuki’s Shashank Srivastava says demand pretty strong, hard to say when company will return to 100% production

Maruti Suzuki’s Shashank Srivastava said in an exclusive interaction with CNBC-TV18 that there has been “pretty strong” demand, with bookings and enquiries looking good. However, supply constraints have impacted deliveries, he said. Maruti Suzuki’s pending deliveries stand at 2.3 lakh, he said. 

Production stood at 90 percent in December, and it is hard to say when the company will get back to 100 percent production, he added.

11:59:40 IST

Demand drivers remain strong, seeing improvement in cash flow cycle with farmers: VST Tillers’ Antony Cherukara

Antony CherukaraVST Tillers On CNBC-TV18 said the company is seeing improvement in the cash flow cycle with farmers. He hopes tractor sales to improve further going forward. 

Demand drivers remain strong, he said. 

VST Tillers will be able to maintain margins in the range of 13-16 percent, said Cherukara. The company has managed costs to maintain margins. 

11:34:25 IST

DMart shares up 1.5%

Avenue Supermarts (DMart) shares were up 1.5 percent at Rs 4,739 apiece on BSE. The company will report its quarterly numbers on Saturday. 

11:24:54 IST

NCC wins 5 orders worth Rs 1,898 crore in December

NCC shares were up 2.5 percent at Rs 72.1 apiece on BSE, having risen as much as 3.3 percent earlier in the day. 

11:02:17 IST

CNBC-TV18 Exclusive | Mark Mobius says US doing well despite COVID situation

In an exclusive interview to CNBC-TV18, Mark Mobius, Founder of Mobius Capital Partners, said there will be high inflation as the supply of money remains strong. 

The US economy is performing very well despite the pandemic situation, he said. 

11:00:40 IST

CNBC-TV18 Exclusive | Mark Mobius says companies like Metropolis Healthcare will do well going forward

In an exclusive interview to CNBC-TV18, market guru Mark Mobius said companies like Metropolis Health will do well going forward. He also believes the Indian consumer is getting richer and buying more. 

10:53:37 IST

India December manufacturing PMI at 55.5 vs 57.6 in previous month

10:51:27 IST

Buy LIC Housing Finance, Coal India: Tradebulls’ Sacchitanand Uttekar 

Here are two trading calls from Sacchitanand Uttekar of Tradebulls: 

–Buy LIC Housing Finance for a target of Rs 388-406 with a stop loss at Rs 374.5 

–Buy Coal India for a target of Rs 162 with a stop loss at Rs 147 

10:45:40 IST

CNBC-TV18 Exclusive | Mark Mobius expects markets to be very different in 2022, going back to basics will work

Market guru Mark Mobius said, in an exclusive interaction with CNBC-TV18’s Latha Venkatesh, that the markets will be very different in 2022. Going back to basics will work in 2022, he said. 

Mobius, Founder of Mobius Capital Partners, said that if interest rates go up, it will have an impact on equities. The index may be affected but one needs to look at individual companies, he said. 

10:25:22 IST

CNBC-TV18 Exclusive | Anish Shah says M&M selling about 2,000 three-wheeler EVs a month

In an exclusive interview to CNBC-TV18, M&M’s Anish Shah said the company is selling about 2,000 three-wheeler electric vehicles a month with a share of more than 60 percent. 

The agri sector is performing extremely well for the company, which had projected low single-digit growth for tractors this year, according to Shah. 

10:20:24 IST

CNBC-TV18 Exclusive | M&M’s Anish Shah says new Scorpio set for a launch, dealer feedback positive 

In an exclusive interview to CNBC-TV18, M&M’s Anish Shah said the new Scorpio is set for a launch and dealer feedback is positive. The SUV market is expanding and the company is now taking a bigger share in the PV market, he said.

M&M is seeing supply problems easing in 2022, and is moving rapidly to get back to the No. 1 spot in SUVs, he said.