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Indian share markets extend gains
Fri, 8 Mar 11:30 am

Indian share markets continued to trade in the green during the last two hours of trade. All sectoral indices traded firm except IT stocks.

The BSE-Sensex is trading higher by 132 points and NSE-Nifty is up by 42 points. BSE Mid Cap and BSE Small Cap indices are trading higher by 0.8% each. The rupee is trading at 54.44 to the US dollar.

Auto stocks are trading firm led by Hero MotoCorp and Ashok Leyland. As per a leading daily, Mahindra and Mahindra (M&M) is planning to use fuel smart technology for its passenger cars. We may note here that M&M has recently introduced this technology in its mini-truck Maxximo Plus and as per the management, use of this technology leads to 10% fuel efficiency. Maxximo Plus with fuel smart technology replaces the older Maxximo model. This technology has been developed by M&M at a cost of Rs 0.1 bn and M&M has applied for a patent. M&M is currently trading up by more than 1% after workers at its Nashik plant ended their strike. The workers were on tools down strike since Tuesday and called it off today after the management agreed to their demands.

Private banking stocks are trading in the green led by Dhanlaxmi Bank and Indusind Bank. As per a leading daily, HDFC Bank is planning to open 50 new branches in the state of Karnataka by the end of next fiscal. This will take the total count of branches in the state to 200 from current 150. The bank currently has 1,069 ATMs across Karnataka. The new branches will be opened in the districts of the state including Chamarajnagar and Kolar where HDFC does not have any branch at present. HDFC is seeing huge potential in rural and semi urban areas specifically. As per the management, term insurance and general insurance products for businesses have seen good demand in the rural areas especially from women self-help groups.

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Stock Market Updates

GUJ. STATE PETRONET Share Price Up by 5%; BSE 500 Index Up 1.4% (Today's Market)

Mar 2, 2021 03:31 PM

GUJ. STATE PETRONET share price is trading up by 5% and its current market price is Rs 262. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are GUJ. STATE PETRONET (up 5.2%) and GSK CONSUMER (up 5.1%). The top losers are BAYER CROPSCIENCE and LAURUS LABS.

GUJARAT PIPAVAV PORT Share Price Up by 12%; BSE REALTY Index Up 0.8% (Today's Market)

Mar 2, 2021 03:23 PM

GUJARAT PIPAVAV PORT share price is trading up by 12% and its current market price is Rs 114. The BSE REALTY is up by 0.8%. The top gainers in the BSE REALTY Index is GUJARAT PIPAVAV PORT (up 12.5%). The top losers are PRESTIGE ESTATES and PHOENIX MILL (down 0.2%).

STRIDES PHARMA SCIENCE Share Price Up by 5%; BSE HEALTHCARE Index Up 1.1% (Today's Market)

Mar 2, 2021 03:23 PM

STRIDES PHARMA SCIENCE share price is trading up by 5% and its current market price is Rs 878. The BSE HEALTHCARE is up by 1.1%. The top gainers in the BSE HEALTHCARE Index is STRIDES PHARMA SCIENCE (up 5.1%). The top losers are AJANTA PHARMA (down 0.4%) and CAPLIN POINT (down 0.4%).

JAGRAN PRAKASHAN Share Price Down by 7%; BSE 500 Index Up 1.3% (Today's Market)

Mar 2, 2021 03:23 PM

JAGRAN PRAKASHAN share price is trading down by 7% and its current market price is Rs 63. The BSE 500 is up by 1.3%. The top gainers in the BSE 500 Index are SYMPHONY (up 20.0%) and SHIPPING CORP (up 20.0%). The top losers is JAGRAN PRAKASHAN (down 7.4%)..

JK LAKSHMI CEMENT Share Price Up by 11%; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 03:15 PM

JK LAKSHMI CEMENT share price is trading up by 11% and its current market price is Rs 438. The BSE 500 is up by 1.0%. The top gainers in the BSE 500 Index are JK LAKSHMI CEMENT (up 11.0%) and TTK PRESTIGE (up 11.1%). The top losers are CROMPTON GREAVES CONSUMER ELEC. and RAYMOND .

Sensex Trades Over 200 Points Higher; Dow Futures Down by 90 Points (Today's Market)

Mar 2, 2021 12:30 pm

BSE Sensex is trading up by 209 points, while the NSE Nifty is trading up by 76 points.

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