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Markets hold on to gains
Fri, 24 Sep 11:30 am

After starting today's session on a positive note, Indian indices have managed to hold on to their gains. However, other key Asian markets are trading mixed with the Hang Seng trading higher and Nikkei in the red. Currently heavyweights in the Sensex are trading mixed with stocks from the FMCG and consumer durables space finding investors' favour.

Currently, the BSE-Sensex is trading up by around 66 points, while the NSE-Nifty is up by about 18 points. Strong buying interest is witnessed amongst the mid and small cap stocks as the BSE-Midcap and BSE-Smallcap indices are trading up by 0.7% and 1.0% respectively. The rupee is trading at 45.55 to the US dollar.

Telecom stocks are trading positive with Bharti Airtel and RCom leading the gains. Bharti Airtel has become the first Indian mobile operator to receive a license from the RBI to offer mobile-payment services. The RBI has earlier granted the license to use the 'semi-closed mobile wallet' earlier in this quarter. The central bank's approval will enable Airtel to offer mobile-payment services. This will enable its subscribers to exchange physical cash for virtual money stored on the mobile wallet. Consumers can use the prepaid wallet at partner merchants for purchases; however they cannot use it to withdraw cash. Customers can use their phones to pay for goods and services for transaction valued at less than Rs 5,000 rupees (US$ 109) at specified merchant locations. Bharti plans to disclose more details on how the system conducts payments closer to the product's launch.

Earlier this month, BSNL launched a service that enabling customers who have credit cards to pay their bills using their mobile phones. Nokia India also partnered with Yes Bank and Obopay India Pvt. Ltd. to offer a limited trial for mobile payments.

Auto stocks are trading strong with TVS Motors and Maruti Suzuki leading the gains. However, M&M and Tata Motors are trading weak. As per a leading news daily, Tata Motors is geared up to launch new range of buses in the last quarter of this fiscal. The buses will be built at the company's Dharwad plant with the help of its JV partner Marcopolo and will be priced at a 5-10% premium over its current medium buses. The company intends to expand production at Dharwad from 1,000 units to 1,400 units a month by the year-end. The new buses will be added in the 7 to 12 tonne category with more feature content. Pricing will be the key here as competition from MNC players and new entrants is heating up. However, in order to de-risk competition, the company is planning to export buses to South Africa and Middle East and is also eyeing the markets of Latin America and Eastern Europe.

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Stock Market Updates

MRPL at 52 Week High; BSE 500 Index Up 2.0% (Today's Market)

Mar 1, 2021 03:34 PM

MRPL share price has hit a 52-week high. It is presently trading at Rs 45. BSE 500 Index is up by 1.7% at 19,713. Within the BSE 500, MRPL (up 8.3%) and RCF (up 20.0%) are among the top gainers, while top losers are HIMADRI SPECIALITY CHEMICAL and BHARTI AIRTEL.

KEC INTERNATIONAL Share Price Up by 5%; BSE CAPITAL GOODS Index Up 1.6% (Today's Market)

Mar 1, 2021 03:26 PM

KEC INTERNATIONAL share price is trading up by 5% and its current market price is Rs 454. The BSE CAPITAL GOODS is up by 1.6%. The top gainers in the BSE CAPITAL GOODS Index are KEC INTERNATIONAL (up 5.2%) and BHARAT ELECTRONICS (up 6.5%). The top losers are SCHAEFFLER INDIA (down 0.2%) and HINDUSTAN AERO. (down 0.3%).

GUJARAT ALKALIES Share Price Up by 10%; BSE 500 Index Up 1.6% (Today's Market)

Mar 1, 2021 03:24 PM

GUJARAT ALKALIES share price is trading up by 10% and its current market price is Rs 346. The BSE 500 is up by 1.6%. The top gainers in the BSE 500 Index are GUJARAT ALKALIES (up 10.2%) and DEEPAK NITRITE (up 14.5%). The top losers are COLGATE and HDFC AMC .

DEEPAK NITRITE Share Price Up by 13%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:10 PM

DEEPAK NITRITE share price is trading up by 13% and its current market price is Rs 1,553. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are DEEPAK NITRITE (up 12.8%) and JUST DIAL (up 14.2%). The top losers are BAJAJ HOLDINGS & INVESTMENT and CADILA HEALTHCARE .

HIMADRI SPECIALITY CHEMICAL Share Price Down by 11%; BSE 500 Index Up 1.4% (Today's Market)

Mar 1, 2021 03:08 PM

HIMADRI SPECIALITY CHEMICAL share price is trading down by 11% and its current market price is Rs 55. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are RCF (up 20.0%) and MMTC (up 20.0%). The top losers is HIMADRI SPECIALITY CHEMICAL (down 11.3%).

Sensex Trades Over 300 Points Higher; Dow Futures Up by 204 Points (Today's Market)

Mar 1, 2021 12:30 pm

BSE Sensex is trading up by 378 points, while the NSE Nifty is trading up by 165 points.

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