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Markets will remain closed on May 13, 2021 on account of Id-Ul-Fitr (Ramzan Id).

IT stocks weigh on Indian equity markets
Fri, 1 Jun 11:30 am

Indian equity markets continued to trade in the red over last two hours of trade on the back of selling witnessed in index heavyweights. Most of the sectoral indices are trading weak led by IT and power stocks.

The BSE-Sensex is trading lower by 38 points and NSE-Nifty is trading down by 15 points. BSE Mid cap and BSE Small cap indices are trading lower by 0.1% and 0.3% respectively. The rupee is trading at 55.95 to the US dollar.

Energy stocks are trading weak led by Cairn India and Castrol. However, Indraprastha Gas Limited (IGL) is trading firm. The gas utility firm had approached the Delhi high court over the legality of the powers conferred upon Petroleum and Natural Gas Regulatory Board regarding fixing of network tariffs. Earlier in April, PNGRB had ordered IGL to cut tariff by 60% and that too with retrospective effect from April 2008. This implies a refund of Rs 9-12 bn from IGL. As per IGL, this amount if returned, would wipe out the entire networth of the gas company which is roughly Rs 15 bn. The verdict in this dispute is awaited today.

Telecom stocks are trading in the green led by AGC Networks and Tata Teleservices. As per a leading daily, the National Telecom Policy-2012 is finally out and has been cleared by the government. This would make free roaming throughout India a reality. Also, country-wide mobile number portability (MNP) is now possible. The new policy will bring about a number of other positive changes too including liberalised spectrum, pan-India operator licences, technology-agnostic spectrum. This spells a shift in Indian telecom industry from voice to data with emphasis on broadband penetration and making spectrum technology-agnostic. In simple words, the operators have been allowed to provide any service on technology and on any device.

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Stock Market Updates

Sensex Trades Over 300 Points Lower, Dow Futures Down by 128 Points (Today's Market)

May 12, 2021 12:30 pm

BSE Sensex is trading down by 328 points, while the NSE Nifty is trading down by 89 points.

GODREJ AGROVET Share Price Up by 9%; BSE FMCG Index Down 0.1% (Today's Market)

May 12, 2021 12:14 PM

GODREJ AGROVET share price is trading up by 9% and its current market price is Rs 577. The BSE FMCG is down by 0.1%. The top gainers in the BSE FMCG Index are GODREJ AGROVET (up 8.5%) and GSK CONSUMER (up 5.1%). The top losers are GILLETTE INDIA (down 0.2%) and ITC (down 0.2%).

Sensex Dips 300 Points, Nifty Falls Below 14,800; Godrej Consumer Zooms 10% (Today's Market)

May 12, 2021 09:30 am

Indian share markets open lower. The BSE Sensex opened down by 325 points, while the Nifty is trading lower by 84 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.7% (Today's Market)

May 12, 2021 09:36 AM

SIEMENS share price has hit an all time high at Rs 2,096 (up 7.5%). The BSE CAPITAL GOODS Index is up by 0.7%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 7.5%) and HONEYWELL AUTOMATION (up 0.1%). The top losers include CARBORUNDUM UNIVERSAL (down 0.1%) and SCHAEFFLER INDIA (down 0.4%).

CADILA HEALTHCARE at All Time High; BSE HEALTHCARE Index Down 0.1% (Today's Market)

May 12, 2021 09:36 AM

CADILA HEALTHCARE share price has hit an all time high at Rs 640 (up 1.1%). The BSE HEALTHCARE Index is down by 0.1%. Among the top gainers in the BSE HEALTHCARE Index today are CADILA HEALTHCARE (up 1.1%) and ABBOTT INDIA . The top losers include TORRENT PHARMA (down 0.1%) and SANOFI INDIA (down 0.1%).

BLISS GVS PHARMA Share Price Down by 6%; BSE HEALTHCARE Index Down 0.1% (Today's Market)

May 12, 2021 09:34 AM

BLISS GVS PHARMA share price is trading down by 6% and its current market price is Rs 124. The BSE HEALTHCARE is down by 0.1%. The top gainers in the BSE HEALTHCARE Index are SUN PHARMA ADV. RES. (up 2.0%) and AJANTA PHARMA (up 1.9%). The top losers are BLISS GVS PHARMA (down 5.6%) and DISHMAN CARBOGEN AMCIS (down 7.8%).

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