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Indian share markets extend losses
Thu, 28 Mar 11:30 am

Indian share markets continued to trade in the negative after opening on a weak note earlier today. Sectoral indices trade mixed with healthcare and auto stocks being the top gainers and top losers respectively.

The BSE-Sensex is trading lower by 87 points and NSE-Nifty is trading lower by 22 points. BSE Mid Cap and BSE Small Cap indices are trading down by 0.1% each. The rupee is trading at 54.36 to the US dollar.

Auto stocks are trading weak led by Hero MotoCorp and Tata Motors. As per a leading daily, Maruti Suzuki is thinking of introducing an Android based application at all its workshops and service centers. Maruti has already tried to experiment with this at its 250 workshops. In the next year, Maruti intends to have this application in all its service stations. The application works on Android-based tablets and is linked to the dealer management system, hosted on a private cloud server. The tablet can be used for noting feedback, generating job orders, clicking picture of the car and record scratches or dents, if required. The data will be accessible from all service stations across the country.

Food stocks are trading strong led by GSK Consumer and Britannia. As per a leading daily, Nestle India recently decided to increase its royalty payment to its Swiss parent. The FMCG company intends to raise it to 4.5% (100 basis points rise) in a phased manner over next 5 years. Keeping in mind, Nestle's sales CAGR of 17.7% in past 5 years, the royalty is estimated at Rs 34 bn from 2014 to 2018. However, this hike in royalty is not likely to be received well by shareholders. This is because the FMCG company's domestic performance has not been satisfactory lately. Weak consumer sentiments and increasing competition affected sales growth which stood at 11% in CY12. Historically, the same has been over 20%.

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Stock Market Updates

Sensex Ends 441 Points Lower; Nifty Settles Below 15,000-Mark (Today's Market)

Mar 5, 2021 Closing

Indian share markets end lower with the Sensex down by 441 points and the Nifty ending down by 143 points.

GRINDWELL NORTON Share Price Down by 5%; BSE CAPITAL GOODS Index Down 1.5% (Today's Market)

Mar 5, 2021 03:30 PM

GRINDWELL NORTON share price is trading down by 5% and its current market price is Rs 950. The BSE CAPITAL GOODS is down by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 3.3%) and AIA ENGINEERING (up 0.3%). The top losers is GRINDWELL NORTON (down 5.1%).

ADITYA BIRLA CAPITAL Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:28 PM

ADITYA BIRLA CAPITAL share price is trading down by 5% and its current market price is Rs 131. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 7.3%) and MOTILAL OSWAL (up 5.9%). The top losers are ADITYA BIRLA CAPITAL (down 5.0%) and APOLLO HOSPITALS (down 5.2%).

HAVELLS INDIA Share Price Down by 5%; BSE CONSUMER DURABLES Index Down 0.7% (Today's Market)

Mar 5, 2021 03:20 PM

HAVELLS INDIA share price is trading down by 5% and its current market price is Rs 1,163. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are BLUE STAR (up 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.3%). The top losers is HAVELLS INDIA (down 5.1%).

BALMER LAWRIE Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:18 PM

BALMER LAWRIE share price is trading down by 5% and its current market price is Rs 148. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.8%) and MOTILAL OSWAL (up 6.1%). The top losers are BALMER LAWRIE (down 5.0%) and APOLLO HOSPITALS (down 5.5%).

TRENT Share Price Down by 5%; BSE 500 Index Down 1.3% (Today's Market)

Mar 5, 2021 03:16 PM

TRENT share price is trading down by 5% and its current market price is Rs 936. The BSE 500 is down by 1.3%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.6%) and MOTILAL OSWAL (up 6.1%). The top losers are TRENT (down 5.4%) and APOLLO HOSPITALS (down 5.5%).

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