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Consumer durable stocks buck the trend
Tue, 29 May 11:30 am

Indian equity markets continued to trade in the green over last two hours of trade. All sectoral indices are trading firm except consumer durables and FMCG stocks.

The BSE-Sensex is trading higher by 60 points and NSE-Nifty is trading up by 14 points. BSE Mid cap and BSE Small cap indices are trading higher by 0.2% and 0.4% respectively. The rupee is trading at 55.59 to the US dollar.

Mining stocks are trading strong led by Ashapura Minechem and Coal India. As per a leading financial daily, Coal India has stated that it can supply barely 65% of the power sector's coal requirements as per the terms of the Fuel Supply Agreements (FSA) decided some time back. Remaining 15% of the power generating companies' requirements will have to be met with the help of imports. As per the FSA, Coal India is supposed to meet at least 80% of the fuel requirement of power plants. Falling short of this would entail a penalty of 0.01% of the shortfall. For the year, Coal India plans to supply 347 m tonne to the power sector, up from 312 m tonne last year. However, this would not be sufficient to fulfil 80% requirement of the power sector.

Auto ancillaries stocks are trading in the red led by Amara Raja Batteries and Mahindra Forgings. As per a leading daily, Bharat Forge is set to liquidate its plant and machinery in America. This is after the company has been facing continuous losses in the region on the assets that it had acquired 7 years ago. We may recollect here that Bharat Forge had acquired the assets and business of Federal Forge for $9.1 million in mid-2005. The auto component maker had acquired these assets through a wholly owned subsidiary. The US subsidiary formed post the buyout named Bharat Forge America has not been faring well because of recession in the US automobile market.

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Stock Market Updates

ONGC Share Price Down by 7%; BSE OIL & GAS Index Down 4.0% (Today's Market)

Feb 26, 2021 03:34 PM

ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).

ULTRATECH CEMENT Share Price Down by 5%; BSE 500 Index Down 3.4% (Today's Market)

Feb 26, 2021 03:30 PM

ULTRATECH CEMENT share price is trading down by 5% and its current market price is Rs 6,487. The BSE 500 is down by 3.4%. The top gainers in the BSE 500 Index are SOUTH IND.BANK (up 10.4%) and JAGRAN PRAKASHAN (up 10.0%). The top losers are ULTRATECH CEMENT (down 5.0%) and BAJAJ FINSERV (down 6.3%).

JAGRAN PRAKASHAN Share Price Up by 10%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

JAGRAN PRAKASHAN share price is trading up by 10% and its current market price is Rs 60. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are JAGRAN PRAKASHAN (up 10.1%) and RCF (up 11.0%). The top losers are MAHINDRA CIE AUTO. and AJANTA PHARMA (down 0.1%).

UPL Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

UPL share price is trading down by 5% and its current market price is Rs 589. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are UPL (down 5.4%) and BAJAJ FINSERV (down 6.2%).

ICICI LOMBARD GENERAL INSURANCE Share Price Down by 5%; BSE 500 Index Down 3.2% (Today's Market)

Feb 26, 2021 03:26 PM

ICICI LOMBARD GENERAL INSURANCE share price is trading down by 5% and its current market price is Rs 1,479. The BSE 500 is down by 3.2%. The top gainers in the BSE 500 Index are RCF (up 11.0%) and SOUTH IND.BANK (up 10.4%). The top losers are ICICI LOMBARD GENERAL INSURANCE (down 5.2%) and BAJAJ FINSERV (down 6.2%).

Sensex Crashes 1,800 Points; Nifty Trades Below 14,700 Mark (Today's Market)

Feb 26, 2021 02:30 pm

The BSE Sensex is trading down by 1,464 points, while the NSE Nifty is trading down by 423 points.

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