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Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

Markets begin on a volatile note
Tue, 6 Apr 09:30 am

The Indian markets have started today's session on a volatile note. The benchmark indices opened above the breakeven mark but slipped into the red and have struggled to return to the positive since then. Other key Asian markets are trading in the green with Taiwan (up 1%) leading the pack of gainers. The US markets closed higher by 0.4% yesterday.

Currently in India, heavyweights from the BSE-Sensex are trading a mixed bag with FMCG and auto stocks attracting investors' interest. However, metal stocks are in the red. The BSE-Sensex is trading lower by around 35 points, while the NSE-Nifty is down by about 14 points. However, buying interest is being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.1% and 0.2% respectively. The rupee is trading at 44.41 to the US dollar.

Energy stocks have opened the day on a positive note. Gainers here include Cairn India and Gujarat Gas. As per a leading business daily, Petronet LNG is in talks with West Asian countries, including Qatar, to secure gas supply for its Kochi terminal. It may be noted that the company has already tied up for 1.5 million tonnes per annum (mtpa) of gas for the terminal from the Gorgon project in Australia. However, the terminal can handle 1 mtpa of additional capacity. Qatar based Ras Gas will supply an additional 4 mtpa of LNG to the company by 2013. Out of this about 2.5 mtpa will be received by the company's Dabhol terminal and the balance by the Kochi terminal. However, the key question is the price. Till December, 2008 Ras Gas used to supply LNG at US$ 2.53 per m British thermal units (mBtu). However, prices are now linked to crude price movements and have reached US$ 7 per mBtu. That makes it hard to compete with domestic sources such as the gas from KG basin, whose landed cost is about US$ 6.7 per mBtu.

Engineering stocks have opened the day on a positive note. Gainers here include Suzlon and BHEL. As per a leading business daily, BHEL is planning to re-enter the wind turbine manufacturing space in the next three months. The company will join hands with a foreign technology partner for the same. BHEL's Ranipet unit will provide the fabrication facility for the manufacturing of towers and nossels. However, it will take another two years to set up a wind blade manufacturing facility near the existing unit. The company will produce 1.5 to 2 MW machines and will invest Rs 500 m for the foray. It may be noted that the company used to manufacture 250 KW wind turbine generators earlier and dropped it due to the lack of demand.

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Stock Market Updates

Sensex Trades Over 300 Points Lower, Dow Futures Down by 128 Points (Today's Market)

May 12, 2021 12:30 pm

BSE Sensex is trading down by 328 points, while the NSE Nifty is trading down by 89 points.

GODREJ AGROVET Share Price Up by 9%; BSE FMCG Index Down 0.1% (Today's Market)

May 12, 2021 12:14 PM

GODREJ AGROVET share price is trading up by 9% and its current market price is Rs 577. The BSE FMCG is down by 0.1%. The top gainers in the BSE FMCG Index are GODREJ AGROVET (up 8.5%) and GSK CONSUMER (up 5.1%). The top losers are GILLETTE INDIA (down 0.2%) and ITC (down 0.2%).

Sensex Dips 300 Points, Nifty Falls Below 14,800; Godrej Consumer Zooms 10% (Today's Market)

May 12, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 325 points, while the Nifty is trading lower by 84 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.7% (Today's Market)

May 12, 2021 09:36 AM

SIEMENS share price has hit an all time high at Rs 2,096 (up 7.5%). The BSE CAPITAL GOODS Index is up by 0.7%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 7.5%) and HONEYWELL AUTOMATION (up 0.1%). The top losers include CARBORUNDUM UNIVERSAL (down 0.1%) and SCHAEFFLER INDIA (down 0.4%).

CADILA HEALTHCARE at All Time High; BSE HEALTHCARE Index Down 0.1% (Today's Market)

May 12, 2021 09:36 AM

CADILA HEALTHCARE share price has hit an all time high at Rs 640 (up 1.1%). The BSE HEALTHCARE Index is down by 0.1%. Among the top gainers in the BSE HEALTHCARE Index today are CADILA HEALTHCARE (up 1.1%) and ABBOTT INDIA . The top losers include TORRENT PHARMA (down 0.1%) and SANOFI INDIA (down 0.1%).

BLISS GVS PHARMA Share Price Down by 6%; BSE HEALTHCARE Index Down 0.1% (Today's Market)

May 12, 2021 09:34 AM

BLISS GVS PHARMA share price is trading down by 6% and its current market price is Rs 124. The BSE HEALTHCARE is down by 0.1%. The top gainers in the BSE HEALTHCARE Index are SUN PHARMA ADV. RES. (up 2.0%) and AJANTA PHARMA (up 1.9%). The top losers are BLISS GVS PHARMA (down 5.6%) and DISHMAN CARBOGEN AMCIS (down 7.8%).

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