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Mid and Small Caps in favor today
Mon, 8 Oct 11:30 am

Indian equity markets continue to trade weak over the last two hours of trade. Pharma and Consumer Durable stocks witnessed maximum buying interest while Oil and Gas and Realty stocks witnessed maximum selling pressure.

The Sensex today is down by 78 points, while the NSE-Nifty is down by 28 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.59% and 0.55%. The rupee is trading at 52.18 to the US dollar.

Energy stocks are trading in the red led by Reliance Industries and Gujarat Gas. According to a leading financial daily, Reliance Industries has refused to follow the oil ministry order to swap its Krishna Godavari (KG)-D6 block gas with an Andhra city gas company. The ministry had earlier ordered that a part of the 2.6 million standard cubic metres per day of KG-D6 gas allocated to Gas authiority of India Ltd (Gail) India be diverted to Hyderabad-based Bhagyanagar Gas Ltd (BGL) under a so-called gas swapping guidelines. Reliance has said that if such a policy was allowed it would encourage KG-D6 allottees to sell the cheap gas at higher rates during times like plant shutdowns when they don't need the fuel. The company has also said that trading in scarce natural resource was not permissible under the gas utilisation policy.

FMCG stocks are trading firm led by Archies Limited and Colgate. As per a leading daily, Dabur is eyeing overseas acquisitions in the healthcare segment. We may note here that to establish its business abroad, the company needs to tide over regulatory issues. A local acquisition would help Dabur get better foothold in the segment. Presently, Dabur is present in markets across West Asia, North Africa and Asia. However, the company is mainly focused on the personal care segment in these markets through its acquisitions of Hobi Kozmetik in Turkey and Namaste Laboratories in the US. The FMCG company earns Rs 16 bn from international operations which is 30% of its total turnover.

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Stock Market Updates

TORRENT POWER Share Price Up by 5%; BSE POWER Index Up 0.6% (Today's Market)

Mar 4, 2021 03:12 PM

TORRENT POWER share price is trading up by 5% and its current market price is Rs 429. The BSE POWER is up by 0.6%. The top gainers in the BSE POWER Index are TORRENT POWER (up 5.2%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.7%) and NTPC (down 1.2%).

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Mar 4, 2021 03:12 PM

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BALRAMPUR CHINI Share Price Up by 10%; BSE 500 Index Down 0.3% (Today's Market)

Mar 4, 2021 03:00 PM

BALRAMPUR CHINI share price is trading up by 10% and its current market price is Rs 213. The BSE 500 is down by 0.3%. The top gainers in the BSE 500 Index are BALRAMPUR CHINI (up 10.3%) and BALMER LAWRIE (up 13.6%). The top losers are DIVIS LABORATORIES and PIDILITE INDUSTRIES .

INDIAN ENERGY EXCHANGE Share Price Up by 7%; BSE POWER Index Up 0.9% (Today's Market)

Mar 4, 2021 02:48 PM

INDIAN ENERGY EXCHANGE share price is trading up by 7% and its current market price is Rs 319. The BSE POWER is up by 0.9%. The top gainers in the BSE POWER Index are INDIAN ENERGY EXCHANGE (up 6.6%) and ADANI POWER (up 9.9%). The top losers are POWER GRID (down 0.5%) and NTPC (down 0.8%).

ITD CEMENTATION INDIA Share Price Up by 8%; BSE REALTY Index Up 0.3% (Today's Market)

Mar 4, 2021 02:36 PM

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Sensex Trades Over 300 Points Lower; Dow Futures Down by 101 Points (Today's Market)

Mar 4, 2021 12:30 pm

BSE Sensex is trading down by 385 points, while the NSE Nifty is trading down by 103 points.

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