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Auto stocks drive markets up
Mon, 18 Apr 11:30 am

Indian stock market indices built on their gains and were trading firm over the last two hours of trade. Stocks from the IT and oil & gas space are trading in the green and those from the IT and healthcare space are trading in the red.

The BSE-Sensex is up by 170 points while NSE-Nifty is trading 45 points above Friday's closing. The BSE Midcap and BSE Small cap indices are also up by 0.7% and 1.3% respectively. The rupee is trading at 44.30 to the US dollar.

Engineering stocks are trading in the green led by Jyoti Structures and Carborundum Universal. As per a leading financial daily, BHEL is considering setting up a non-banking financial company (NBFC) to fund power projects. The power equipment maker is revising the original proposal made on Crisil's suggestions. It may be noted that Crisil was appointed by BHEL as an advisory for the said proposal. Crisil has submitted its report and the proposal is likely to be finalized in the next three months.

BHEL is considering this as an avenue to deploy its surplus cash. It is estimated that the power sector may face funding shortage to the tune of Rs 4,500 bn in the eleventh plan period. The new NBFC will help the engineering company at a crucial time when it is seeking the Maharatna status.

Auto stocks are trading firm led by Hero Honda and Tube Investments. As per a leading financial daily, Tata Motors has cut its passenger car production in April. The automobile companies normally produce more number of cars in March to satisfy higher demand from customers. In April, the production is reduced so as not to build excess inventory. But, in Tata Motors' case this drop in production is much more than the other car makers. It may be noted that Tata Motors' market share has reduced from 17.1% in 2006 to 13% at present. The auto company's sales have risen by 27% over last year, while those of Indica range of cars have fallen by 14%.

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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.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

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)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

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

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

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

Mar 1, 2021 03:08 PM

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)

Mar 1, 2021 12:30 pm

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

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