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Midcaps outshine the broader markets
Fri, 30 Sep 11:30 am

Indian stock market indices are trading in the green after opening the trade on a weak note. Stocks from the consumer durables and capital goods space are leading the pack of gainers. However, PSU and Power stocks are the top losers.

The BSE-Sensex is trading up by 11 points and NSE-Nifty is trading up by 4 points. BSE Mid Cap and BSE Small Cap indices are trading higher by 0.6% and 0.3% respectively. The rupee is trading at 49.12 to the US dollar.

Pharma stocks are trading firm led by Ranbaxy Labs and Orchid Chemicals. According to a leading financial daily, Wockhardt has informed the Bombay high court that it would clear all its dues to the bondholders amounting to Rs 3.58 bn. This amount is inclusive of interest and installments. The pharma company is expected to submit a detailed repayment plan to the court soon. It may be recollected that a Singapore based hedge fund QVT Financial LP along with an overseas unit of Sun Pharma had filed a petition against Wockhardt for nonpayment of the due amount. Earlier this month, the high court had asked Wockhardt to give a timeline regarding repaying the Foreign Currency Convertible Bonds (FCCB) bondholders.

Aluminium stocks are trading in the red. Hindalco is the biggest loser while Nalco is the biggest gainer. According to a leading financial daily, state run National Aluminium Company (Nalco) is planning to diversify into nuclear power generation. The company will invest Rs 114.4 bn jointly with Nuclear Power Corporation of India in the project. The company has already identified Kakarapar Atomic Power Station (KAPS) project for development. The recommendation for the investment is under consideration by the government. Nalco is also planning to set up a smelter and power project in Indonesia due to availability of good quality coal at economic prices. Two coal mining firms have been identified for long term arrangement for sourcing coal for the planned project.

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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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