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Indian stock markets gain
Tue, 15 May Closing

The Indian stock markets had a positive outing on the bourses today. After opening at par, markets remained in the positive zone for a bulk of today's session. They continued to trade in a similar range for the entire session. While the BSE-Sensex closed higher by around 112 points (up 0.7%), the NSE-Nifty closed higher by around 35 points (0.7%). The smaller indices also had a positive day on the bourses. BSE Mid cap index closed 0.6% higher. The BSE Small cap, however, closed the day 0.3% higher. On the back of L&T's robust financial performance in 4QFY12, consumer goods stocks were the biggest gainers by a fair margin. Metal and IT stocks also saw strong gains. FMCG stocks had a negative day on the bourses with blue chips trading in the red. Consumer durables stocks closed flat.

As regards global markets, major Asian indices had a mixed outing today. European indices opened the day on a positive note. The rupee was trading at Rs 53.77 to the dollar at the time of writing.

Ashok Leyland is planning to invest about Rs 41.5 bn in Tamil Nadu. The proposed investments included setting up a greenfield facility to manufacture Light Commercial Vehicles (LCV), in collaboration with Nissan. The facility will be set up at Pillaipakkam by Ashok Leyland-Nissan Motor Company. Last year, Ashok Leyland-Nissan launched their first product Dost. The company sold 7,760 units of the vehicle and has managed to grab 17% market share in the LCV market so far. The JV partners, in which Ashok Leyland holds 51%, are planning to launch two more products. The company will also invest in Hosur, Ennore, and later at Velli Vaayalsavadi and Orgadam. Its efforts include expanding the capacity for M&HCV. The CV manufacturer major also said it would launch two more products, including Jan Bus, a front-engine low floor bus, in the second half of FY13, and Five Axle Rigid Truck by end of 1HFY13.

Engineering major L&T who announced its full year results yesterday is depending on growth in overseas markets to help fuel growth. Order inflows in India may not be very strong as the company has seen its clients defer capital expenditure and fresh investment decisions. This domestic weakness may persist for some time, thus diversification may be a good way forward. The company is targeting a 15-20% growth in earnings and is planning to focus on west Asian markets such as Saudi Arabia, the United Arab Emirates (UAE), Qatar, Kuwait and Oman in the current fiscal. It is also in the exploratory stage in various other markets. L&T also expects growth in the US. Investments in shale gas in the country have led to increased production of natural gas liquids. This in turn will help lead to a greater demand for creating downstream facilities that the engineering can build.

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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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