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Indian markets open in the green
Wed, 21 Sep 09:30 am

Most Asian stock markets have opened the day on a firm note. Stock markets in China (up 2.2%), South Korea (up 0.9%) and Malaysia (up 0.7%) are leading the pack of gainers. However, the markets in Indonesia (down 0.5%) and Hong Kong (down 0.2) are trading weak. The Indian stock markets have opened the day on a firm note. Capital goods and banking stocks are leading the gains. However, energy and auto stocks are trading weak.

The BSE-Sensex is trading higher by around 72 points (0.4%), the NSE-Nifty is up by around 22 points (0.4%). The midcap and smallcap stocks are in the positive as well with both the BSE Mid Cap and BSE Small Cap indices up by 0.7% and 0.8% respectively. The rupee is trading at 47.88 to the US dollar.

Cement stocks have opened the day on a mixed note with Ambuja Cements, Birla Corporation, Shree Cement and UltraTech Cement trading in the green. However, Mangalam Cement, Heidelberg Cement and India Cements are facing selling pressure. A report submitted by Serious Fraud Investigation Office (SFIO), the nodal investigation wing of the Ministry of Corporate Affairs, has blamed the leading cement players for abuse of market dominance and cartelization. As per the report, cement players like UltraTech Cement, Ambuja Cements and Associated Cement Companies (ACC) have been colluding to keep the price within a band. The Competition Commission of India is set to commence proceedings against these top cement companies and if found guilty, may impose penalty on them. As per ministry sources, due to such restrictive practices by the companies, about prices being charged were higher by almost 30%, which was in turn hurting the consumers.

Pharma Stocks have opened the day in the green with Lupin and Ranbaxy Lab leading the gains. Mumbai-based pharma major Lupin announced that its US based subsidiary Lupin Pharmaceuticals Inc. (LPI) has been awarded a final approval by US Food and Drug Administration (USFDA) to market a generic version of NOR-QD. NOR-QD is a patented drug of Watson Pharma used for prevention of pregnancy. Lupin will start shipping its norethindrone tablets 0.35 mg within a short time. The total annual sales for NOR-QD and its generic equivalents was approximately US$ 52 m for the trailing 12 months period. The company said that the ANDA (Abbreviated New Drug Application) approval from the U.S. FDA marks Lupin's foray into the U.S. Oral Contraceptive market. Lupin is similarly expecting a couple of other approvals in the year ahead.

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Stock Market Updates

Sensex Rises 477 Points; Trading Resumes on NSE (Today's Market)

Feb 24, 2021 Special Update

The BSE Sensex is trading up by 477 points, while the NSE Nifty is trading up by 135 points.

SIEMENS at All Time High; BSE CAPITAL GOODS Index Up 0.5% (Today's Market)

Feb 24, 2021 02:54 PM

SIEMENS share price has hit an all time high at Rs 1,922 (up 1.7%). The BSE CAPITAL GOODS Index is up by 0.5%. Among the top gainers in the BSE CAPITAL GOODS Index today are SIEMENS (up 1.7%) and HONEYWELL AUTOMATION (up 1.9%). The top losers include HAVELLS INDIA (down 0.2%) and GRAPHITE INDIA (down 0.2%).

MUTHOOT FINANCE Share Price Down by 6%; BSE 500 Index Up 0.5% (Today's Market)

Feb 24, 2021 02:36 PM

MUTHOOT FINANCE share price is trading down by 6% and its current market price is Rs 1,315. The BSE 500 is up by 0.5%. The top gainers in the BSE 500 Index are INDIAN OVERSEAS BANK (up 10.0%) and BANK OF MAHARASHTRA (up 10.0%). The top losers are MUTHOOT FINANCE (down 5.8%) and HIMADRI SPECIALITY CHEMICAL (down 5.4%).

ZENSAR TECHNOLOGIES at 52 Week High; BSE 500 Index Up 1.0% (Today's Market)

Feb 24, 2021 01:02 PM

ZENSAR TECHNOLOGIES share price has hit a 52-week high. It is presently trading at Rs 282. BSE 500 Index is up by 0.5% at 19,684. Within the BSE 500, ZENSAR TECHNOLOGIES (up 5.3%) and NAVA BHARAT VENTURES (up 11.2%) are among the top gainers, while top losers are MAGMA FINCORP and RELIANCE POWER.

Sensex Trades Over 200 Points Higher; Dow Futures Down by 103 Points (Today's Market)

Feb 24, 2021 12:30 pm

BSE Sensex is trading up by 226 points, while the NSE Nifty is trading up by 113 points.

OMAXE Share Price Down by 6%; BSE REALTY Index Up 0.5% (Today's Market)

Feb 24, 2021 12:22 PM

OMAXE share price is trading down by 6% and its current market price is Rs 72. The BSE REALTY is up by 0.5%. The top gainers in the BSE REALTY Index are PRESTIGE ESTATES (up 1.9%) and DLF (up 1.9%). The top losers is OMAXE (down 5.8%)..

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