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Indian stock markets remain buoyant
Wed, 18 Apr 01:30 pm

After a strong opening, Indian stock markets continued to pare initial gains in the last two trading hours. But the indices remained well above the dotted line. Barring FMCG, all the sectoral indices are trading positive. Auto, consumer durables and metal stocks are the biggest gainers.

The BSE-Sensex is trading up 85 points and NSE-Nifty is trading up 28 points. Both BSE Mid Cap index and BSE Small Cap indices are up by 0.8% each. The rupee is trading at 51.6 to the US dollar.

Most of the FMCG stocks are trading strong with Marico and Godrej Consumer being the biggest gainers. As per a leading financial daily, Rohit Surfactants, which sells the popular mass-detergent Ghari, is planning to enter the higher margin mid-detergent segment. The company will launch its new brand, Uni Wash, in the next 2-3 months, reportedly at the same price level as Hindustan Unilever's Rin and Procter & Gamble's Tide, both being aggressive competitors in this category. Rohit Surfactants has been on a growth spree, adding 15 manufacturing units in the past six years and expanding reach to 10 new states over the last three years. The company feels that it has a solid platform which can be leveraged for the new brand to push it. The detergent industry, which is already battling with raw material inflation, is likely to see competition rising with the entry of a new brand. Hindustan Unilever stock is down 0.13%.

Majority of the Indian pharma stocks are trading positive with Glenmark Pharma and Natco Pharma trading the strongest. As per a leading financial daily, the US Supreme Court has given a favourable ruling to Sun Pharmaceuticals' subsidiary Caraco Pharmaceuticals in its patent litigation case against Novo Nordisk. The ruling will enable Caraco to launch generic version of diabetes drug, Prandin, in the US market. The company is likely to launch the drug by FY13. Sun Pharma stock is up 1.7%.

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Stock Market Updates

RELIANCE IND. at All Time High; BSE OIL & GAS Index Down 2.3% (Today's Market)

Mar 20, 2019 03:30 PM

RELIANCE IND. share price has hit an all time high at Rs 1,387 . The BSE OIL & GAS Index is down by 2.3%. Among the top gainers in the BSE OIL & GAS Index today are RELIANCE IND. and INDRAPRASTHA GAS (up 1.4%). The top losers include CASTROL INDIA (down 1.0%) and PETRONET LNG (down 1.1%).

IPCA LABS at All Time High; BSE HEALTHCARE Index Up 0.2% (Today's Market)

Mar 20, 2019 03:30 PM

IPCA LABS share price has hit an all time high at Rs 948 (up 2.2%). The BSE HEALTHCARE Index is up by 0.2%. Among the top gainers in the BSE HEALTHCARE Index today are IPCA LABS (up 2.2%) and PFIZER (up 0.9%). The top losers include BIOCON and CIPLA .

ORIENTAL BANK at 52 Week High; BSE 500 Index Down 0.1 % (Today's Market)

Mar 20, 2019 03:30 PM

ORIENTAL BANK share price has hit a 52-week high. It is presently trading at Rs 108. BSE 500 Index is down by 0.1% at 15,193. Within the BSE 500, ORIENTAL BANK (up 3.0%) and SPICEJET (up 17.6%) are among the top gainers, while top losers are JUBILANT LIFE SCIENCES and HPCL.

DILIP BUILDCON LTD Plunges by 5%; BSE CAPITAL GOODS Index Up 0.6% (Today's Market)

Mar 20, 2019 03:26 PM

DILIP BUILDCON LTD share price has plunged by 5% and its current market price is Rs 711. The BSE CAPITAL GOODS is up by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are SADBHAV ENGINEERING (up 4.3%) and SKF INDIA (up 1.8%). The top losers is DILIP BUILDCON LTD (down 5.1%)..

The BSE OIL & GAS Index Down 2% ; HPCL Among Top Losers (Today's Market)

Mar 20, 2019 03:20 PM

The BSE OIL & GAS Index Down at 15,367 (down 2.1%). Among the top losers in the BSE OIL & GAS Index today are HPCL, BPCL and OIL INDIA. Meanwhile, the BSE Sensex has surged 0.1% to 38,490.

Indian Indices Turn Volatile; Realty & IT Stocks Gain (Today's Market)

Mar 20, 2019 12:30 pm

Indian share markets are trading on a flat note with the BSE Sensex up by 7 points while NSE Nifty is trading lower by 13 points.

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