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Air Passenger Traffic Growth, US China Trade Talks and Top Stocks in Action Today
Mon, 25 Mar Pre-Open | Rini Mehta, TM Team

The Indian share markets ended lower but off day's low on Friday with Nifty finishing below 11,500 level.

At close, the Sensex was down 222 points, while Nifty was down 64 points.

Among sectoral indices, every Nifty index except Nifty Realty were trading in the red with losses ranging from 0.2% to 1.3%.

Top Stocks in Focus

Cadila Healthcare share price will be in focus today as the US Food and Drug Administration (USFDA) has successfully completed an inspection at Cadila Healthcare's Pharmaceutical Technology Centre (PTC) located at Ahmedabad. At the end of the inspection, no observations (483) have been issued.

Meanwhile, Caplin Point Laboratories wholly owned subsidiary, Caplin Steriles has been granted final approval by the USFDA for its Abbreviated New Drug Application (ANDA) Glycopyrrolate injection.

Lupin has launched Levothyroxine Sodium Tablets USP, having received an approval from the USFDA earlier.

Vodafone Idea has lost 35.9 lakh customers in January 2019. Following this, the company's total customer base has decreased to 415 million with market share of 35.1%.

Jet Airways has reported the Passenger Load Factor (PLF) of 89.4% during the month of February 2019. The company had reported the Passenger Load Factor of 86.1% during the month of January 2019.

SpiceJet has reported the Passenger Load Factor (PLF) of 94% during the month of February 2019. The company had reported PLF of 90.9% during the month of January 2019.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Domestic Air Passenger Traffic Growth Slows

The domestic air passenger volume rose at slower growth of 5.6% in the month of February 2019 as against 24.1% in February 2018.

According to the Directorate General of Civil Aviation (DGCA) data, domestic airlines flew 113.5 lakh passengers in February 2019, as against 107.4 lakh passengers carried in the same month of last year.

As per the report, the domestic air passenger count increased 7.4% during the period of January- February 2019.

Indian carriers carried 238.6 lakh passengers during January- February 2019 as against 222.1 lakh during the corresponding period of previous year.

Further, in terms of passenger load factor (PLF), SpiceJet reported 94.0% PLF during the month of February 2019, followed by Go Air (92.6%), Air Asia (91.8%) and Jet Airways (89.4%). The passenger load factor in the month of February has shown increasing trend primarily due to airlines offering promotional fares resulting in increased demand.

Global Stock Market Drivers

European stocks and US equity futures turned lower on Friday and the euro slumped after miserable data from the German manufacturing sector fueled worries about global growth.

The yield on benchmark Treasuries fell back to a more than one-year low.

In Asia, a late-day turnaround put most benchmark stock indices back into the green, from Japan to Korea and Australia.

Mild optimism that the Federal Reserve's dovish tilt can prolong the bull market for equities helped push the MSCI index of global equities up to its highest level since early October this week.

Bonds, however, are signaling worries that momentum in growth and inflation remains subdued.

Trade talks between the US and China are scheduled to continue this week.

Elsewhere, sterling was steady after European leaders moved to stop a chaotic no-deal Brexit from happening next week, handing the UK an extra two weeks. The UK now needs to decide by April 12 what it will do next.

Oil Prices

Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by US sanctions on Iran and Venezuela.

Concerns that an economic slowdown might soon impact fuel consumption are preventing crude prices from rising further, the reports noted.

Brent crude oil futures were at US$67.90 per barrel, 4 cents above their last close. Brent hit a four-month high of US$68.69 per barrel the day before.

US West Texas Intermediate (WTI) futures were at US$59.96 per barrel, down 2 cents from their last settlement. WTI also marked a 2019 peak the previous day, at US$60.39.

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

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Stock Market Updates

SJVN Plunges by 5%; BSE POWER Index Down 0.6% (Today's Market)

Apr 25, 2019 03:32 PM

SJVN share price has plunged by 5% and its current market price is Rs 24. The BSE POWER is down by 0.6%. The top gainers in the BSE POWER Index are CG POWER & INDUSTRIAL (up 3.7%) and SIEMENS (up 1.1%). The top losers is SJVN (down 5.1%)..

SADBHAV ENGINEERING Surges by 6%; BSE CAPITAL GOODS Index Up 0.3% (Today's Market)

Apr 25, 2019 01:08 PM

SADBHAV ENGINEERING share price has surged by 6% and its current market price is Rs 240. The BSE CAPITAL GOODS is up by 0.3%. The top gainers in the BSE CAPITAL GOODS Index is SADBHAV ENGINEERING (up 5.5%). The top losers are SKF INDIA (down 0.1%) and BHEL (down 0.1%).

Sensex Trades Higher; Ultratech Cement Surges on Strong Q4 Result (Today's Market)

Apr 25, 2019 12:30 pm

The BSE Sensex is trading up by 151 points, while the NSE Nifty is trading up by 56 points.

BHARTI INFRATEL Plunges by 5%; BSE 500 Index Up 0.4% (Today's Market)

Apr 25, 2019 12:14 PM

BHARTI INFRATEL share price has plunged by 5% and its current market price is Rs 298. The BSE 500 is up by 0.4%. The top gainers in the BSE 500 Index are INDIABULLS REAL EST (up 6.9%) and GRASIM (up 6.5%). The top losers is BHARTI INFRATEL (down 5.2%)..

RELIANCE INFRA Surges by 5%; BSE POWER Index Up 0.7% (Today's Market)

Apr 25, 2019 11:08 AM

RELIANCE INFRA share price has surged by 5% and its current market price is Rs 127. The BSE POWER is up by 0.7%. The top gainers in the BSE POWER Index is RELIANCE INFRA (up 5.0%). The top losers are SIEMENS (down 0.1%) and JSW ENERGY (down 0.1%).

INDIABULLS REAL EST Surges by 5%; BSE REALTY Index Up 0.5% (Today's Market)

Apr 25, 2019 10:26 AM

INDIABULLS REAL EST share price has surged by 5% and its current market price is Rs 122. The BSE REALTY is up by 0.5%. The top gainers in the BSE REALTY Index is INDIABULLS REAL EST (up 5.2%). The top losers are PHOENIX MILL and DLF (down 0.3%).

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