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Mid and small caps outperform
Mon, 10 Sep 11:30 am

Indian equity markets continued to trade in the green during the last two hours of trade. Sectoral indices represented a mixed performance with metal and healthcare stocks leading the list of gainers. FMCG and capital goods stocks witnessed selling pressure.

The BSE-Sensex is trading higher by 17 points and NSE-Nifty is trading flat. BSE Mid Cap and BSE Small Cap indices are currently up by 0.5% and 0.6% respectively. The rupee is trading at 55.37 to the US dollar.

IT stocks are trading in the green led by Moser-Baer India and Mahindra Satyam. According to a leading financial daily, Infosys is set to acquire Zurich based SAP implementation and management consultancy, Lodestone for about US$ 350 m. Lodestone has clients across manufacturing, automotive and life sciences segments. It has 850 employees including 750 consultants. Infosys acquisition will be in line with the Indian IT company's 3.0 strategy whereby it wants to expand its consulting and systems integration business. Post the deal, Infosys is expected to have around US$ 1 bn coming from its SAP practice.

Pharma stocks are trading strong led by Natco Pharma and Aurobindo Pharma. According to a leading financial daily, Cipla is planning to market the products on its own in major markets like USA. Till now the company has been operating primarily through sales and distribution partners in these markets. The company, which is forming a separate sales team for the US market, has started filing applications aggressively with the US Food and Drugs Administration (USFDA) seeking approval for its own generic products. This move is aimed at getting more value for products and technology. Cipla's strategy so far has been focused on manufacturing products while entering partnerships with various other companies for sales and distribution across markets. The current strategy has not allowed Cipla to grow as per its potential and that is probably a reason that it is now looking at a transformation.

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Stock Market Updates

GUJ. STATE PETRONET Share Price Up by 5%; BSE 500 Index Up 1.4% (Today's Market)

Mar 2, 2021 03:31 PM

GUJ. STATE PETRONET share price is trading up by 5% and its current market price is Rs 262. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are GUJ. STATE PETRONET (up 5.2%) and GSK CONSUMER (up 5.1%). The top losers are BAYER CROPSCIENCE and LAURUS LABS.

GUJARAT PIPAVAV PORT Share Price Up by 12%; BSE REALTY Index Up 0.8% (Today's Market)

Mar 2, 2021 03:23 PM

GUJARAT PIPAVAV PORT share price is trading up by 12% and its current market price is Rs 114. The BSE REALTY is up by 0.8%. The top gainers in the BSE REALTY Index is GUJARAT PIPAVAV PORT (up 12.5%). The top losers are PRESTIGE ESTATES and PHOENIX MILL (down 0.2%).

STRIDES PHARMA SCIENCE Share Price Up by 5%; BSE HEALTHCARE Index Up 1.1% (Today's Market)

Mar 2, 2021 03:23 PM

STRIDES PHARMA SCIENCE share price is trading up by 5% and its current market price is Rs 878. The BSE HEALTHCARE is up by 1.1%. The top gainers in the BSE HEALTHCARE Index is STRIDES PHARMA SCIENCE (up 5.1%). The top losers are AJANTA PHARMA (down 0.4%) and CAPLIN POINT (down 0.4%).

JAGRAN PRAKASHAN Share Price Down by 7%; BSE 500 Index Up 1.3% (Today's Market)

Mar 2, 2021 03:23 PM

JAGRAN PRAKASHAN share price is trading down by 7% and its current market price is Rs 63. The BSE 500 is up by 1.3%. The top gainers in the BSE 500 Index are SYMPHONY (up 20.0%) and SHIPPING CORP (up 20.0%). The top losers is JAGRAN PRAKASHAN (down 7.4%)..

JK LAKSHMI CEMENT Share Price Up by 11%; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 03:15 PM

JK LAKSHMI CEMENT share price is trading up by 11% and its current market price is Rs 438. The BSE 500 is up by 1.0%. The top gainers in the BSE 500 Index are JK LAKSHMI CEMENT (up 11.0%) and TTK PRESTIGE (up 11.1%). The top losers are CROMPTON GREAVES CONSUMER ELEC. and RAYMOND .

Sensex Trades Over 200 Points Higher; Dow Futures Down by 90 Points (Today's Market)

Mar 2, 2021 12:30 pm

BSE Sensex is trading up by 209 points, while the NSE Nifty is trading up by 76 points.

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