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Indian stock markets trade flat
Thu, 4 Aug 11:30 am

Indian stock market indices have lost ground after a firm opening. PSU stocks and IT stocks are among the gainers while stocks from the auto and FMCG space are trading weak.

The BSE-Sensex and NSE-Nifty are trading flat at the moment. BSE Midcap and BSE Small cap indices are up by 0.7% and 0.9% respectively. The rupee is trading at 44.44 to the US dollar.

Power stocks are trading in the green led by GVK Power and Reliance Infra. Power Grid Corporation is expected to raise Rs 25 bn via issuing of corporate bonds by end of this month. The bonds would be for 4-15 years with a coupon rate of 9.5%. RBI (Reserve Bank of India) had last week raised the repo rate by 50 basis points (bps). Post this, the yields on the 10-year benchmark government security rose by around 15 bps. Yields on 10-year "AAA" rated corporate bonds issued by public sector units currently stands at around 9.45%. As a result of the series of rate hikes by the RBI, funding has become costlier.

Pharma stocks are trading in the green led by Zandu Realty and Dishman Pharma. Wockhardt has approached the Bombay High Court for legal clearance of its recently announced deal with Danone. It may be recollected that yesterday, Wockhardt announced its decision to sell its nutrition business to French food company, Danone. The company is trying to settle differences with its lenders regarding the same. Earlier, such a deal with US pharma company Abbott had faced resistance from some of the lenders of Wockhardt. The Indian pharma company's problems with lenders began after it failed to redeem its FCCBs (Foreign Currency Convertible Bonds) due to the financial crisis. As for the Danone deal, the hearing date has been fixed for September 6, 2011.

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Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

DILIP BUILDCON Share Price Up by 8%; BSE CAPITAL GOODS Index Down 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

DILIP BUILDCON share price is trading up by 8% and its current market price is Rs 719. The BSE CAPITAL GOODS is down by 0.6%. The top gainers in the BSE CAPITAL GOODS Index are DILIP BUILDCON (up 8.5%) and BHEL (up 6.5%). The top losers are CARBORUNDUM UNIVERSAL (down 0.1%) and HINDUSTAN AERO. (down 1.8%).

BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

ITD CEMENTATION INDIA share price is trading up by 8% and its current market price is Rs 93. The BSE REALTY is up by 0.3%. The top gainers in the BSE REALTY Index are ITD CEMENTATION INDIA (up 8.5%) and INDIABULLS REAL EST (up 10.3%). The top losers are PRESTIGE ESTATES and GODREJ PROPERTIES (down 0.2%).

Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

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