Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

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

Indian share markets open firm
Tue, 5 Aug 09:30 am

Barring Singapore (up 0.2%), major Asian stock markets have opened the day on a weak note with stock markets in Taiwan (down 1.6%) and Malaysia (down 0.4 %) leading the losses. The Indian share markets have opened the day on a positive note. Majority of the sectoral indices have opened on a firm note with healthcare and FMCG stocks leading the gains. However, realty and capital goods stocks are trading weak.

The Sensex today is up by around 45 points (0.2%), while the NSE-Nifty is up by about 14 points (0.2%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.2% and 0.4% respectively. The rupee is currently trading at Rs 60.98 to the US dollar.

Majority of FMCG stocks have opened the day on a firm note, with Marico Ltd and Kokuyo camlin being the leading gainers in the pack. As per the financial daily, Marico is looking to advance its operations in the emerging markets. Reportedly, the company is aiming to double its sales in next four years and will focus more on emerging markets of Asia and Africa to fuel its growth. Categories like hair, food, and wellness products are expected to be the major contributors. The company at present has operations in Bangladesh, Egypt, the Middle East, South Africa, Malaysia and Vietnam, and now it is also looking at expanding in other global geographies. For the upcoming period, the company expects growth from its international market in the range of 14-15%. Currently, international markets contribute approx 16% to the company's top line. Over and above, the company is not looking for any acquisitions in the international markets and will focus on organic growth.

Majority of Indian pharma stocks have opened in green with Aurobindo Pharma and JB Chemicals being the leading gainers. As per the financial daily, Sun Pharma and Ranbaxy Laboratories are expected to control around 40% market for 25 drugs post Ranbaxy's acquisition by Sun Pharma. Reportedly, for nine drugs the market share of the merged entity will be more than 65% and for another 15, the market share will be approximately 60%. In addition, there are 11 drugs in which the Sun-Ranbaxy combine will enjoy a 33-40% market share. In all, the two companies have 128 common formulations. Recently, the Competition Commission of India (CCI) has raised some concerns over the merger. This was largely because the deal is expected to increase market domination by one company. This in turn will impact the prices of essential drugs in the domestic market. Reportedly, the CCI can ask the companies to divest its brands to other players in order to relax the higher control in some categories.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian share markets open firm". Click here!


Views on News

Ride the Indian Real Estate Revival with this 'Different' Smallcap Stock (Profit Hunter)

Mar 23, 2021

Affordability in the housing segment has never been so good in last one and a half decade. Here's how you could make the most of it...

My Latest Stock Recommendation (Fast Profits Daily)

Oct 9, 2020

How I picked an exciting stock using trends from both the commodity and equity markets.

Data is the New Oil but It's Also the New Sugar. Here's How to Fight it (Profit Hunter)

Jun 1, 2020

Is too much data hurting your quest for market beating returns?

Quantum Mutual Fund: Hum woh nahi hain (The Honest Truth)

Apr 29, 2020

Ajit Dayal on how the mutual fund industry robs you of your wealth.

This One Trigger Could Turnaround Yes Bank's Stock Price (The 5 Minute Wrapup)

Oct 16, 2019

If Yes Bank manages to do this, it could be the start of a much-needed turnaround for the bank.

More Views on News

Most Popular

The Next Smallcap Winners (Profit Hunter)

Apr 30, 2021

Price is the only due diligence one might require to buy this business.

Time to Buy Smallcaps? (Fast Profits Daily)

Apr 30, 2021

In this video, I'll show you why I favour smallcaps over the Nifty.

Are the Stock Markets Deaf to Covid Agony? (Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

My Secret to Find Breakthrough Stocks (Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.


India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms