Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Indian share markets open firm
Fri, 22 Nov 09:30 am

Asian stock markets have opened the day on a mixed note with China (down 0.2%) and Singapore (down 0.2%) leading the losses. However, markets in Japan (up 1.2%), Hong Kong (up 0.6%) and South Korea (up 0.6%) are trading firm. The Indian share market indices have opened the day on a positive note. Stocks in the realty and metal space are leading the gains.

The Sensex today is up by around 78 points (0.4%), while the NSE-Nifty is up by around 25 points (0.4%). Mid and small cap stocks are also trading in the green with the BSE-Midcap and BSE-Smallcap indices up by around 0.5% each. The rupee is currently trading at Rs 62.95 to the US dollar.

FMCG stocks have opened the day on a firm note with Kokuyo Camlin, Archies Ltd. and Bata India leading the gains. As per a leading financial daily, Dabur India has acquired the manufacturing facility of Northern Aromatics Ltd located at Pantnagar, Uttarakhand. It must be noted that Northern Aromatics is a third-party manufacturer of Dabur. As per the agreement, the company has bought the manufacturing facility on a slump sale basis at a consideration of Rs 150 million. This includes all assets and liabilities related to the said facility. Dabur plans to utilise this facility to manufacture food products, ayurvedic medicines and cosmetics. It is worth noting that Dabur already has two manufacturing facilities at Pantnagar. The acquisition of Northern Aromatics' manufacturing facility will aid in creating a manufacturing cluster in the region.

Cement stocks have also opened the day on a firm note with India Cements, ACC Ltd and Prism Cement leading the gains. As per a leading financial daily, Swiss cement major Holcim has been successful in seeking the necessary approval of the minority shareholders of Ambuja Cements for the restructuring of its Indian operations. We had earlier mentioned that as per new SEBI guidelines on mergers and acquisitions, listed companies require majority support of minority shareholders in case of restructuring or merger and acquisitions. About 68% of Ambuja's minority shareholders voted in favour of the restructuring plan, while about 32% were against the resolution. As per the restructuring plan, Ambuja Cements will buy Holcim's 50.1% stake in fellow subsidiary ACC Ltd by paying Rs 35 bn to parent firm Holcim. In addition, Holcim's stake in Ambuja would increase from 50.01% to 61.3%. While domestic institutional investors were against the deal, foreign institutional investors (FII) who account for a little over 30% of the company's equity voted in favour the deal. It is worth noting that the top 5 FII shareholders of Ambuja also hold a stake in Holcim.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Indian share markets open firm". Click here!

  

Related Views on News

DABUR Announces Quarterly Results (3QFY21); Net Profit Up 23.7% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, DABUR has posted a net profit of Rs 5 bn (up 23.7% YoY). Sales on the other hand came in at Rs 27 bn (up 16.0% YoY). Read on for a complete analysis of DABUR's quarterly results.

DABUR Announces Quarterly Results (2QFY21); Net Profit Up 19.8% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, DABUR has posted a net profit of Rs 5 bn (up 19.8% YoY). Sales on the other hand came in at Rs 25 bn (up 13.7% YoY). Read on for a complete analysis of DABUR's quarterly results.

DABUR 2019-20 Annual Report Analysis (Annual Result Update)

Nov 4, 2020 | Updated on Nov 4, 2020

Here's an analysis of the annual report of DABUR for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of DABUR. Also includes updates on the valuation of DABUR.

DABUR 2018-19 Annual Report Analysis (Annual Result Update)

Sep 30, 2019 | Updated on Sep 30, 2019

Here's an analysis of the annual report of DABUR for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of DABUR. Also includes updates on the valuation of DABUR.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps (Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Intraday Trading for a Living (Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021 (Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla (Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

DABUR SHARE PRICE


Feb 26, 2021 (Close)

TRACK DABUR

DABUR - NESTLE COMPARISON

COMPARE DABUR WITH

MARKET STATS