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Peak 20k captured!
Tue, 21 Sep 09:30 am

The Indian markets have started today's session on a positive note. The BSE-Sensex has crossed the 20,000 levels for the first time since January 2008. Other key Asian markets are also in the green with Japan (up 0.4%) leading the pack of gainers. The US markets ended higher by 1.4% yesterday.

Currently in India, heavyweights from the BSE-Sensex are trading strong with FMCG majors attracting investors' interest. The BSE-Sensex is trading higher by around 145 points, while the NSE-Nifty is up by about 40 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 0.5% and 0.4% respectively. The rupee is trading at 45.59 to the US dollar.

Food stocks have opened the day on a positive note. Gainers here include GSK Consumer and Britannia. As per a leading business daily, Nestle India has cut the price at which it buys milk from farmers in Punjab. From Rs 355 per kg of fat, the company has brought the procurement prices down to Rs 340 per kg. It may be noted that there was a record supply of milk this summer. Nestle is the biggest buyer of milk in Punjab processing over 900,000 litres of milk per day. Another large consumer GSK consumer, which processes 300,000 litres per day, is also likely to cut procurement prices. The Punjab government had imposed an entry tax of 5% on milk procured from outside the state, which was reducing the margins of companies. This acted as another trigger for reducing the farmers' rates.

Energy stocks have opened the day on a strong note. Gainers here include Indian oil and Gujarat Gas. As per a leading business daily, Indian Oil will increase the price of petrol by 27 paise from today. This will make it the first among the public sector oil marketing companies (OMCs) to exercise the pricing freedom given by the government on June 26. BPCL and HPCL are likely to follow suit soon. It may be noted that the government has not yet empowered the OMCs to fix the price of diesel due to political opposition and its impact on inflation levels. Ultimately, the pricing of diesel must be freed for genuine price deregulation. It constitutes about 41% of the total petroleum products sales.

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Stock Market Updates

J&K BANK Share Price Up by 8%; BSE BANKEX Index Up 2.8% (Today's Market)

Mar 3, 2021 03:35 PM

J&K BANK share price is trading up by 8% and its current market price is Rs 32. The BSE BANKEX is up by 2.8%. The top gainers in the BSE BANKEX Index are J&K BANK (up 7.6%) and RBL BANK (up 5.2%).

RELIANCE IND. Share Price Up by 5%; BSE OIL & GAS Index Up 1.3% (Today's Market)

Mar 3, 2021 03:27 PM

RELIANCE IND. share price is trading up by 5% and its current market price is Rs 2,216. The BSE OIL & GAS is up by 1.3%. The top gainers in the BSE OIL & GAS Index is RELIANCE IND. (up 5.1%). The top losers are PETRONET LNG (down 0.1%) and BPCL (down 0.4%).

AU SMALL FINANCE BANK at All Time High; BSE BANKEX Index Up 2.8% (Today's Market)

Mar 3, 2021 03:23 PM

AU SMALL FINANCE BANK share price has hit an all time high at Rs 1,224 (up 4.2%). The BSE BANKEX Index is up by 2.8%. Among the top gainers in the BSE BANKEX Index today are AU SMALL FINANCE BANK (up 4.2%) and KOTAK MAHINDRA BANK (up 3.0%).

REDINGTON Share Price Down by 5%; BSE 500 Index Up 1.9% (Today's Market)

Mar 3, 2021 03:13 PM

REDINGTON share price is trading down by 5% and its current market price is Rs 200. The BSE 500 is up by 1.9%. The top gainers in the BSE 500 Index are IFCI (up 19.9%) and IDBI BANK (up 12.1%). The top losers are REDINGTON (down 5.1%) and SYMPHONY (down 5.1%).

RBL BANK Share Price Up by 5%; BSE BANKEX Index Up 2.7% (Today's Market)

Mar 3, 2021 03:09 PM

RBL BANK share price is trading up by 5% and its current market price is Rs 249. The BSE BANKEX is up by 2.7%. The top gainers in the BSE BANKEX Index are RBL BANK (up 5.0%) and FEDERAL BANK (up 5.7%).

Sensex Trades Over 500 Points Higher; Dow Futures Up by 147 Points (Today's Market)

Mar 3, 2021 12:30 pm

BSE Sensex is trading up by 586 points, while the NSE Nifty is trading up by 190 points.

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