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Indian share markets slump further
Fri, 12 Apr 01:30 pm

Weak market sentiments from poor Infosys results were further compounded by a marginal 0.6% rise in the Index of Industrial Production for February 2013. Thus, Indian share markets remained in a free-fall in the post-noon trading session. Majority of the sectoral indices are trading negative with IT, realtyand capital goods stocks being the major losers. FMCG, oil and gas and banking are among the few stocks trading in the green.

BSE-Sensex is down 335 points and NSE-Nifty is trading down 79 points. While BSE Mid Cap is down 0.5%, BSE Small Capindex is trading down by 0.6%. The rupee is trading at 54.4 to the US dollar.

Steel stocks are trading mixed with Adhunik Metaliks and JSW Steel being the biggest gainers and Tayo Rolls and Maharashtra Seamless leading in losses. The World Steel Association (WSA) has projected steel demand in India to gain momentum in 2013 and grow by 5.9% to 75.8 m tonnes. The pick-up will be aided by increased investments from easing monetary policies. In 2012, steel demand had increased by 2.5%. WSA expects growth in domestic steel demand to further accelerate to 7% in 2014 on the back of reform measures to improve fiscal deficit and foreign direct investments. The global steel body has projected the world steel demand to grow at a relatively muted pace of 2.9% and 3.2% in 2013 and 2014, respectively.

Indian pharma stocks Indian Pharma - Live Stock Quotes and Analysis Update from Equitymaster.com are trading mixed with Elder Pharma and Aurobindo Pharma being the leading gainers while Wockhardt Ltd and Strides Acrolab are top losers. As per a financial daily, Dr Reddy's Labs (DRL) has initiated recall of tizanidine tablets from the US market. This drug is used as muscle relaxant. Reportedly, the recall has been voluntarily, initiated by the company. Approx 117,000 bottles (150 tablets per bottle) are being recalled. The said recall was done as some labelling information was missing and thus was categorized under a Class-III recall as per USFDA (United States Food and Drugs Administration) norms. As per the USFDA, a Class-III recall is done in a situation in which "use of or exposure to a violative product is not likely to cause adverse health consequences". The stock of Dr Reddy's was trading up by 0.3%.

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Stock Market Updates

IFCI Share Price Up by 13%; BSE 500 Index Up 0.6% (Today's Market)

Mar 2, 2021 01:06 PM

IFCI share price is trading up by 13% and its current market price is Rs 11. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are IFCI (up 12.6%) and SYMPHONY (up 17.1%). The top losers are PRESTIGE ESTATES and TV TODAY NETWORK .

IRB INFRA Share Price Up by 5%; BSE REALTY Index Up 0.1% (Today's Market)

Mar 2, 2021 12:53 PM

IRB INFRA share price is trading up by 5% and its current market price is Rs 113. The BSE REALTY is up by 0.1%. The top gainers in the BSE REALTY Index are IRB INFRA (up 5.1%) and INDIABULLS REAL EST (up 5.5%). The top losers are PRESTIGE ESTATES (down 0.2%) and OMAXE (down 0.5%).

TATA MOTORS DVR Share Price Up by 5%; BSE AUTO Index Up 2.3% (Today's Market)

Mar 2, 2021 12:49 PM

TATA MOTORS DVR share price is trading up by 5% and its current market price is Rs 139. The BSE AUTO is up by 2.3%. The top gainers in the BSE AUTO Index is TATA MOTORS DVR (up 5.3%). The top losers is MOTHERSON SUMI (down 0.2%).

BASF INDIA Share Price Up by 11%; BSE 500 Index Up 0.6% (Today's Market)

Mar 2, 2021 12:35 PM

BASF INDIA share price is trading up by 11% and its current market price is Rs 2,120. The BSE 500 is up by 0.6%. The top gainers in the BSE 500 Index are BASF INDIA (up 11.5%) and SYMPHONY (up 11.7%). The top losers are THE RAMCO CEMENTS and ESCORTS LIMITED (down 0.1%).

MINDTREE Share Price Up by 5%; BSE IT Index Up 1.9% (Today's Market)

Mar 2, 2021 12:22 PM

MINDTREE share price is trading up by 5% and its current market price is Rs 1,715. The BSE IT is up by 1.9%. The top gainers in the BSE IT Index is MINDTREE (up 5.0%). The top losers are PERSISTENT SYSTEMS (down 0.8%) and TATA ELXSI (down 1.4%).

Sensex Opens 450 Points Higher; BPCL Jumps 4% (Today's Market)

Mar 2, 2021 09:30 am

Indian share markets open higher. The BSE Sensex opened up by 481 points, while the Nifty is trading higher by 137 points.

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