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Indian stocks markets recover
Mon, 16 Apr 11:30 am

Indian stock markets recovered initial losses and are now trading flat. Among sectoral indices, realty and banking stocks led the gains while IT and energy were on the losing side.

The BSE-Sensex is trading down by 17 points and NSE-Nifty is trading flat. BSE Mid Cap and BSE Small Cap indices are trading down by 0.6% each. The rupee is trading at 51.64 to the US dollar.

Automobile stocks are trading in the green led by Maharashtra Scooters and Tube Investments. According to a leading financial daily, Mahindra & Mahindra is looking at international acquisitions. The company wants foreign partners to enhance its agricultural vehicles and agri-business services products. The automaker has been expanding into agricultural services that include irrigation, horticulture and farm technology. The company even launched an innovation centre last week in Chennai by the name of Mahindra Research Valley. It is interesting to note here that Mahindra had recently overtaken John Deere to become the world's largest tractor maker by volume. The automobile company is open to acquiring partners in all continents.

Indian pharma stocks are trading strong led by Aurobindo Pharma and Fresenius Kabi Onco. According to a leading financial daily, Piramal Healthcare has bought research and development portfolio from Bayer AG. With this, Piramal now has access to the Alzheimer drug Florbetaben. Florbetaben is in final stage of clinical trial. It is in race with other Alzheimer drugs from companies like Eli Lilly and Co. and General Electric Co. The market for this drug is estimated at anywhere between US$ 1 bn - US$ 5 bn. Florbetaben as per Piramal would detect symptoms in probable sufferers of this disease and thus help in early detection and treatment of Alzheimer.

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Stock Market Updates

Bloodbath on Dalal Street: 6 Reasons Why Sensex Nosedived 1,939 Points Today (Today's Market)

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Indian share markets end deep in the red with the Sensex down by 1,939 points and the Nifty ending down by 568 points.

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

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