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Realty stocks lead the downfall
Wed, 4 Apr 11:30 am

Indian stock markets indices traded weak over the last two hours of trade. Consumer durables and power stocks witnessed maximum buying interest, while realty and metal stocks witnessed maximum selling pressure.

The BSE-Sensex is down by 87 points, while the NSE-Nifty is down by 32 points. BSE Mid cap index is down 0.2% while the BSE Small cap index is up by 0.07% respectively. The rupee is trading at 51.03 to the US dollar.

Steel stocks are trading in the red led by Jindal Steel and Steel Authority of India (SAIL). According to a leading financial daily, steel companies like SAIL have increased the prices for both long and flat products by up to Rs 1,500 a tonne. The hike in prices is to partially offset the increase in cost of production due to hike in freight rates. Steel makers have also increased prices on the back of good demand from construction and automobile sectors. Railways had effected a hike in freight charges in the first week of March which impacted the cost of transportation of iron ore by up to Rs 1,400 a tonne. At the same time, hike in excise duty in the budget to 12% from 10% earlier also impacted the cost by up to Rs 1,000 per tonne. Steel makers generally hike the prices at the beginning of the month analysing the demand-supply situation.

FMCG stocks are trading weak led by Jubilant Foodworks and Colgate Palmolive. According to a leading financial daily, Hindustan Unilever has tied up with Reliance Industries to set up a chain of beauty and wellness formats across the country. The beauty and wellness formats will be started in Reliance Hypermarkets in May. These will begin in Mumbai and be expanded to 40 hypermarkets across the country in the first phase of three months. Reliance, which is planning to open a mart every week, will add this format in each store. The aim is to bring these products to the masses. The two companies have developed an innovative concept of assisted selling under which specialists in areas such as skin care, hair care and ayurveda who will be trained mostly by Unilever, will help consumers make the right choices while buying products.

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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.

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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)

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DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

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HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

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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)

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BSE Sensex is trading up by 378 points, while the NSE Nifty is trading up by 165 points.

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