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Realty stocks lead markets higher
Wed, 1 Sep 09:30 am

The Indian markets have started today's session on a positive note. The benchmark indices opened above the breakeven mark and have stayed in the positive territory. Other key Asian markets are in the green with South Korea (up 1.3%) leading the pack of gainers. The US markets closed higher by 0.1% yesterday.

Currently in India, heavyweights from the BSE-Sensex are trading strong with realty and metal majors attracting investors' interest. The BSE-Sensex is trading higher by around 111 points, while the NSE-Nifty is up by about 27 points. Buying interest is also being witnessed among mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading higher by 0.7% and 0.8% respectively. The rupee is trading at 47.1 to the US dollar.

Energy stocks have opened the day on a strong note. Gainers here include Indraprastha Gas and BPCL. As per a leading business daily, ONGC plans to intervene in the Cairn India and Vedanta deal. The company has the right of first refusal in some of the blocks operated by Cairn through their joint operating agreement. It is a partner in all three producing blocks operated by Cairn, besides five other blocks. Cairn operates the Barmer block in Rajasthan with a 70% participating interest. Its joint venture partner ONGC has the balance 30% interest but pays the entire royalty on the block to the government. Cairn is also the operator of the Ravva oil and gas field and Cambay basin. Barmer produces 120,000 barrels of oil per day, while Ravva and Cambay produce 37,043 and 13,527 barrels of oil equivalent per day. In fact, ONGC has stated that the deal cannot go through without its consent.

FMCG stocks have opened the day on a positive note. Gainers here include Godrej Consumer and Nirma. As per a leading business daily, Britannia plans to raise prices across its products by 5 to 10%. This step will help the company cope with rising input costs. It may be noted that rising input costs have been taking a toll on its bottom line in the past few quarters. In fact, it posted a 30% YoY decline in its net profit in 1QFY11, even though the topline grew by 25% YoY. Interestingly, several other FMCG companies have passed on input costs to consumers lately. HUL has raised its soap prices by 5 to 6%. Marico has raised the prices of its Saffola and Parachute brands by 3 to 5%.

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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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