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Indian share markets remain volatile
Fri, 8 Feb 01:30 pm

Indian share markets pared gains and hovered around the dotted line in the post noon trading session. Majority of the sectoral indices are trading in the negative with metal, FMCG and realty stocks being the biggest losers. IT, capital goods and consumer durable stocks are among the few stocks trading in the green.

BSE-Sensex is down 4 points and NSE-Nifty is trading down by 7 points. While BSE Mid Cap is down 0.4%, BSE Small Cap index is down by 0.5%. The rupee is trading at 53.5 to the US dollar.

Majority of the auto ancillary stocks are trading in the red with Mahindra Forgings and Sundaram Clayton being the biggest losers. However, Exide Industries and Carborundum Universal are few of the stocks trading in the green. As per a leading financial daily, Bharat Forge is forming a joint-venture company with US-based Elbit Systems Land and C41 Ltd to cater to the country's defence sector. The joint-venture company will offer solutions in the artillery guns and mortar segment by utilizing the US company's technology and system integration capabilities and Bharat Forge's expertise in design, engineering, manufacturing, testing and validation. Apart from Bharat Forge, the Mahindra & Mahindra Group is the other player from the auto industry that is entering the defence sector through tie-ups with overseas companies. Bharat Forge stock is currently down 1.2%.

Most of the pharma stocks are trading in the red with Cipla and Orchid Chemicals leading the losers. Sun Pharma declared its December 2012 quarter results. The topline of the company grew by 34% YoY during the quarter led by growth in its international formulations and API segments. The US and ROW markets witnessed robust growth of above 40% for 3QFY13. Sun Pharma's subsidiary Taro also witnessed healthy growth of 25% YoY. The domestic segment witnessed modest growth of 13% YoY for the quarter, though growth was above the domestic pharma industry growth of 10% YoY during the same period. The operating margins declined marginally by 0.5% and operating profits grew by 32% YoY. The bottomline increased by 32% YoY during 3QFY13, inspite of higher incidence of tax, which grew by 274% YoY.

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Stock Market Updates

Sensex Trades Over 200 Points Higher; Dow Futures Up by 37 Points (Today's Market)

Mar 8, 2021 12:30 pm

BSE Sensex is trading up by 214 points, while the NSE Nifty is trading up by 76 points.

Indian Share Markets Open Higher; GAIL & ONGC Surge 5% (Today's Market)

Mar 8, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 363 points, while the Nifty is trading higher by 112 points.

ONGC at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:40 AM

ONGC share price has hit a 52-week high. It is presently trading at Rs 121. BSE 500 Index is up by 0.7% at 20,123. Within the BSE 500, ONGC (up 5.2%) and BEML (up 13.1%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

GRINDWELL NORTON at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Mar 8, 2021 09:38 AM

GRINDWELL NORTON share price has hit a 52-week high. It is presently trading at Rs 975. BSE 500 Index is up by 0.8% at 20,123. Within the BSE 500, GRINDWELL NORTON (up 5.5%) and BEML (up 11.8%) are among the top gainers, while top losers are DHFL and CORPORATION BANK.

ASTRAL POLY TECHNICK at All Time High; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

ASTRAL POLY TECHNICK share price has hit an all time high at Rs 2,332 (up 3.6%). The BSE CAPITAL GOODS Index is up by 1.4%. Among the top gainers in the BSE CAPITAL GOODS Index today are ASTRAL POLY TECHNICK (up 3.6%) and HONEYWELL AUTOMATION (up 2.5%). The top losers include KALPATARU POWER (down 0.8%).

BEML Share Price Up by 12%; BSE CAPITAL GOODS Index Up 1.4% (Today's Market)

Mar 8, 2021 09:36 AM

BEML share price is trading up by 12% and its current market price is Rs 1,311. The BSE CAPITAL GOODS is up by 1.4%. The top gainers in the BSE CAPITAL GOODS Index is BEML (up 11.7%). The top losers is KALPATARU POWER (down 0.8%).

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