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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Indian markets trade weak 
(Tue, 26 May 01:30 pm) 
 
Indian share markets continued to trade weak in the post-noon trading session. Sectoral indices are trading mixed today with Auto and Energy bearing the maximum burnt.

BSE-Sensex is down 104 points (0.4%) and NSE-Nifty is trading 27 points down (0.3%). S&P BSE Midcap and S&P BSE Smallcap indices are both trading marginally down by 0.08%. Gold prices, per 10 grams, have lost 0.5% or Rs 125 and are trading at Rs 27,036 levels. Silver price, per kilogram, lost about 1.2% or Rs 465 and is trading at Rs 38,675 levels. Crude oil is trading in red with loss of 0.08% or Rs 3 and is trading at Rs 3,827 per barrel. The rupee is trading at 63.82 to the US dollar.

Finance sector stocks are trading mixed today with Prime Securities and Indiabulls witnessing maximum buying activity. The Board of Directors of Muthoot Capital Services Ltd, part of the Muthoot Pappachan Group, has recommended dividend of 50% for the year 2014-15, after witnessing improvement in the company's results. The company has disbursed 138,832 loans in the year 2014-15 which amounted to Rs 5.9 bn. The total income of the company registered a growth of 20% in the current year whereas the increased operational expenses led to marginal rise of 0.4% in the net profit. For the quarter ended 31st March 2015, the total income and net profit increased by 14% and 3% respectively as compared to the quarter of last fiscal. It should also be noted that the company has been expanding its activities in the five South Indian States and Goa, Maharashtra and Gujarat under two wheeler financing segment. At the time of writing, the stock of Muthoot Capital Services Ltd was trading at Rs 183, down 3.7%.

Stocks in the Textile sector are trading on a mixed note with Welspun India and Vardhaman Holdings leading the gainers. As per a leading financial daily, Grasim Industries, the Aditya Birla Group company, has decided to sell its consumer products business to Kishore Biyani-run Future Consumer Enterprises Limited on a slump sale basis. Grasim's consumer products division, which has a small contribution in its overall business, makes face care wipes, baby wipes and other products in baby and house care segments under brands such as Kara, Puretta, Handys and Prim. In 2014-15, this division's net sales were Rs 0.1 bn against the total net sales of Rs 62.5 bn at standalone level and Rs 324.4 bn at consolidated level. Currently the stock of Grasim Industries is trading up by 0.4%.

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