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Indian share markets remain weak
Thu, 24 Jan 01:30 pm

Backed by persistent weakness in index heavyweights, Indian share markets continued to remain in the red in the post noon trading session. Barring FMCG and IT, all sectoral indices are trading weak with auto, realty and power stocks being the biggest losers.

BSE-Sensex is down 72 points and NSE-Nifty is trading down by 24 points. BSE Mid Cap and BSE Small Cap indices are trading down by 1.7% and 1.5%, respectively. The rupee is trading at 53.8 to the US dollar.

Majority of the power stocks are trading in red with PTC India and Reliance Power being the biggest losers. According to a leading financial daily, Tata Power is actively scouting for opportunities to develop hydro projects in order to boost power generation capacity from renewable energy sources. The company has set a power generation target of 26,000 MW by 2020 out of which 20%-25% of the contribution is expected from clean energy sources including a mix of hydro, solar, wind, geo thermal and waste gas generation. Currently, the company has an installed generation capacity of 7,700 MW out of which 447 MW is the hydro power generation capacity. Tata Power is implementing an 880 MW hydro project in Nepal and 114 MW hydro project in Bhutan and has recently bagged a 240 MW hydro electric project in Himachal Pradesh. Tata Power stock is currently down 1.4%.

Most of the FMCG stocks are trading in the red with Emami Infra and Bata India being among the top underperformers. As per a financial daily, Colgate Palmolive workers have finally called off the strike at the Goa unit. Both company management and workmen have reached a cordial resolution and the workmen have resumed regular duty. The work at the toothpaste manufacturing unit resumed after almost 18 days of strike which had commenced since 6th Jan 2013. The protest was due to suspension of a workman, working in the same unit. Reportedly, the disruption caused due to the strike will have very little impact on the company's business. The stock was trading up by 0.82%.

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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.

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