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Auto stocks lead the downfall
Wed, 16 May 11:30 am

Indian stock market indices continue to trade weak over the last two hours of trade on back of heavy selling activity witnessed across industry heavyweights. Auto and Metal stocks witnessed maximum selling pressure.

The BSE-Sensex is down by 280 points, while the NSE-Nifty is down by 87 points. BSE Mid Cap index and the BSE Small Cap index are down by 0.90% each. The rupee is trading at 54.20 to the US dollar.

Energy stocks are trading in the green led by Bharat Petroleum Corporation Ltd (BPCL) and Cairn India. According to a leading financial daily, Gas Authority of India limited (GAIL) India is planning to enter a joint venture with Tamil Nadu Industrial Development Corporation (Tidco). The new company will make an investment to the tune of Rs 100 bn over the next five years across Tamil Nadu for setting up a power plant and pipeline infrastructure to carry LNG. Gail was setting an LNG terminal in Kochi and is planning to create pipeline infrastructure between Kochi and Bangalore via Tamil Nadu. About 310 km will come under Tamil Nadu. Gail will supply gas for industries, transportation and for household purposes (in main cities) on this 310 km route. The company is also planning to set up a 500 mega watt (MW) gas based power plant in Tamil Nadu.

Automobile stocks are trading weak led by Tata Motors and Maruti Suzuki. According to a leading financial daily, Tata Motors has announced its global sales for the month of April. The company's global sales remained flat at 87,377 units over the same period last year. Sales of luxury brands from Jaguar Land Rover were at 25,143 units during April, up 29% from the same month last year. While sales of luxury sedans of Jaguar brand increased by 17% last month at 3,603 units, Land Rover sales were higher by 32% at 21,540 units. Total passenger vehicles sales stood at 49,369 units in April, 2012, a jump of 7% from the same month last year. Commercial vehicles sales were down by 8% to 38,008 units as compared to the same month last year.

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Stock Market Updates

Sensex Ends 441 Points Lower; Nifty Settles Below 15,000-Mark (Today's Market)

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Indian share markets end lower with the Sensex down by 441 points and the Nifty ending down by 143 points.

GRINDWELL NORTON Share Price Down by 5%; BSE CAPITAL GOODS Index Down 1.5% (Today's Market)

Mar 5, 2021 03:30 PM

GRINDWELL NORTON share price is trading down by 5% and its current market price is Rs 950. The BSE CAPITAL GOODS is down by 1.5%. The top gainers in the BSE CAPITAL GOODS Index are V GUARD INDUSTRIES (up 3.3%) and AIA ENGINEERING (up 0.3%). The top losers is GRINDWELL NORTON (down 5.1%).

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Mar 5, 2021 03:28 PM

ADITYA BIRLA CAPITAL share price is trading down by 5% and its current market price is Rs 131. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 7.3%) and MOTILAL OSWAL (up 5.9%). The top losers are ADITYA BIRLA CAPITAL (down 5.0%) and APOLLO HOSPITALS (down 5.2%).

HAVELLS INDIA Share Price Down by 5%; BSE CONSUMER DURABLES Index Down 0.7% (Today's Market)

Mar 5, 2021 03:20 PM

HAVELLS INDIA share price is trading down by 5% and its current market price is Rs 1,163. The BSE CONSUMER DURABLES is down by 0.7%. The top gainers in the BSE CONSUMER DURABLES Index are BLUE STAR (up 1.7%) and CROMPTON GREAVES CONSUMER ELEC. (up 1.3%). The top losers is HAVELLS INDIA (down 5.1%).

BALMER LAWRIE Share Price Down by 5%; BSE 500 Index Down 1.1% (Today's Market)

Mar 5, 2021 03:18 PM

BALMER LAWRIE share price is trading down by 5% and its current market price is Rs 148. The BSE 500 is down by 1.1%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.8%) and MOTILAL OSWAL (up 6.1%). The top losers are BALMER LAWRIE (down 5.0%) and APOLLO HOSPITALS (down 5.5%).

TRENT Share Price Down by 5%; BSE 500 Index Down 1.3% (Today's Market)

Mar 5, 2021 03:16 PM

TRENT share price is trading down by 5% and its current market price is Rs 936. The BSE 500 is down by 1.3%. The top gainers in the BSE 500 Index are TV18 BROADCAST (up 6.6%) and MOTILAL OSWAL (up 6.1%). The top losers are TRENT (down 5.4%) and APOLLO HOSPITALS (down 5.5%).

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