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Debt crisis spooks markets
Wed, 5 May 01:30 pm

The Indian indices continued to languish in the red during the previous two hours of trade as fears of the debt crisis in Europe dragged global markets lower. Strong selling is seen in stocks in the metal, realty and consumer durable space. Stocks from healthcare and IT are trading in the green albeit marginally.

BSE-Sensex is trading lower by 191 points while NSE-Nifty is trading 66 points below the dotted line. BSE-Midcap Index is trading lower by 1% while BSE-Smallcap index is down by 1.3% from yesterday's closing. The rupee is trading at 44.90 to the US dollar.

As if the personal care segment was not competitive enough already, a leading financial daily has reported that this segment is about to see a flurry of activity. ITC and Dabur India have chalked out new strategies to take on competition and increase market share. While ITC has plans of extending its manufacturing capacities, investing in research and development, launching new products and have a broad based media campaign, Dabur has drawn up a three prong strategy. Under this the company will increase its distribution network to reach the rural markets. For this, Dabur intends to leverage its manufacturing facilities at Baddi and Uttarakhand. The company also intends to increase its brand building spending through mass market advertising and consumer promotion to drive up volumes. Furthermore, Dabur plans to launch new innovative products to support its growth. With aggressive plans for growth by the two FMCG heavyweights, we can expect other players in this segment like HUL to be affected.

Maharashtra Seamless released its FY10 results. The topline fell by 22% as a result of lower average realization. This was a result of falling raw material costs which was passed on to customers in the form of lower prices. However, operating margins expanded by 8.4% on account of reduced costs of raw material. This resulted in the company's bottomline growing by 9.1% YoY. Net profits were further boosted by lower interest outgo. However, a fall in other income capped the company's bottomline growth. The company during the year benefited from the anti dumping duty imposed on Chinese seamless pipe manufacturers in US and Europe. Going forward, the company is set to benefit from improved demand outlook and also from increase in exploration and production activity on account of recovery in crude oil prices.

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Stock Market Updates

Sensex Ends 598 Points Lower, Nifty Settles Below 15,100-Mark; HDFC and JSW Steel Top Losers (Today's Market)

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Indian share markets end deep in the red with the Sensex down by 598 points and the Nifty ending down by 164 points.

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Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

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