Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Buying across sectors aids indices
Mon, 4 Jan 11:30 am

After witnessing a strong start, the Indian stock markets had a volatile session during the previous two hours of trade. However, the indices managed to trade in the positive territory on account of buying activity being witnessed across sectors with auto, metal, realty, and IT gaining the most. However, oil and gas stocks are unable to garner investors' favor.

The BSE Sensex and NSE Nifty are trading in the positive, up by 62 points and 21 points respectively. Midcap and small cap stocks are also finding favour, with the BSE-Midcap and the BSE-Smallcap trading higher by 1.21% and 1.45% respectively. The rupee is trading at 46.49 to the dollar.

According to a leading business daily, Bajaj Auto witnessed an 85% YoY surge in two-wheeler sales in the month of December 2009. The automaker sold 220,429 units of two wheelers as against 119,215 units sold in December 2008. The major boost came from the motorcycle segment which grew by 86% YoY in December. It may be noted that in December, Bajaj launched its new Pulsar 135 LS with the aim of making it a million units per year brand. The overall sales growth for motorcycles and three-wheelers from April to December 2009 has been 17% each. The company saw a decent 9% YoY growth in exports over the same period. The growth in sales during the period was driven by both higher volumes as well as an improved product mix. Motorcycles, which account for nearly 90% of all the vehicles sold by the company, grew both in the domestic market as well as the exports market. The growth in domestic sales for three wheelers can be attributed to marketing initiatives geared towards the in-city segment.

As per a leading business daily, Indian drug makers had a decent year in 2009 in terms of drug approvals in the US, the world's largest health-care market. About 25 Indian generic drug makers bagged around 200 approvals from the US drug regulator (USFDA) in 2009. This is slightly more than the numbers registered in 2008. It may be worth noting that this is a decent performance given the tightening of regulations and aggressive competition in the US market which resulted in a dip in sales there. Dr Reddy's topped the list with 32 final and tentative approvals in 2009. The second in the list was Aurobindo (26) which was closely followed by Wockhardt (23). Sun Pharma and Cadila Healthcare bagged 18 approvals each. It may be noted that Indian drug majors have realised that in order to survive and grow in markets like the US, they need to have a large basket of products with a niche focus. We believe this strategy of concentrating on niche and specialised products rather than trying to market and sell all products that go off-patent will aid established drug majors like Ranbaxy and Dr. Reddy's in strengthening their position there.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Buying across sectors aids indices". Click here!


Stock Market Updates

MRPL at 52 Week High; BSE 500 Index Up 2.0% (Today's Market)

Mar 1, 2021 03:34 PM

MRPL share price has hit a 52-week high. It is presently trading at Rs 45. BSE 500 Index is up by 1.7% at 19,713. Within the BSE 500, MRPL (up 8.3%) and RCF (up 20.0%) are among the top gainers, while top losers are HIMADRI SPECIALITY CHEMICAL and BHARTI AIRTEL.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Mar 1, 2021 03:26 PM

KEC INTERNATIONAL share price is trading up by 5% and its current market price is Rs 454. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are KEC INTERNATIONAL (up 5.2%) and BHARAT ELECTRONICS (up 6.5%). The top losers are SCHAEFFLER INDIA (down 0.2%) and HINDUSTAN AERO. (down 0.3%).

GUJARAT ALKALIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

Sensex Trades Over 300 Points Higher; Dow Futures Up by 204 Points (Today's Market)

Mar 1, 2021 12:30 pm

BSE Sensex is trading up by 378 points, while the NSE Nifty is trading up by 165 points.

View More Indian Share Market News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Mar 1, 2021 (Close)