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Indian Indices Begin Week Strong, FMCG Stocks Gain
Tue, 27 Nov Pre-Open | Rini Mehta, TM Team

On Monday, share markets in India opened on a positive note and ended the day in green after a volatile day of trading.

The BSE Sensex closed higher by 373 points to end the day at 35,354. While the broader NSE Nifty ended the day up by 102 points to end at 10,628.

Among BSE sectoral indices, FMCG stocks rose the most by 2.2%, followed by Bank stocks at 1.3%. Hero Motocorp and HUL. were among the top gainers.

Top Stocks in Action Today

Alembic Pharma share price is likely to be in focus today as the company's joint venture Aleor Dermaceuticals has received approval from the US health regulator for Xylocaine ointment, used for temporary relief of pain associated with minor burns, including sunburn, abrasions of the skin and insect bites.

Jet Airways share price will be in focus today on reports that founder-chairman Naresh Goyal is going to bring in Etihad Airways to further invest in its equity in a bid to overcome the financial crisis the airline is witnessing.

The company had last week stated that it is in talks to secure sustainable financing for its operations and growth.

Note that last month reports stated that Jet Airways is trimming its workforce and operations further as it struggles through its financial crisis.

OECD Pegs India's GDP Growth at 7.5%

The Organization for Economic Cooperation and Development (OECD) has stated that it is expecting Indian economy to grow close to 7.5% in 2019 and 2020.

This expectation comes on the back of higher oil prices and rupee depreciation that will put pressure on demand and inflation.

As per the reports, India's GDP at market prices will grow 7.3% in 2019 and 7.4% in 2020 from 7.5% in 2018. It also said that the growth is likely be slow down in 2019 and 2020 mainly on account of tighter financial conditions, higher oil prices, adverse terms of trade and rising political uncertainties all over.

It said that monetary policy will need to be tightened as inflation expectations are trending up and there are several upside risks to inflation.

Besides, on the trade front, it noted that the hike in US tariffs on Chinese imports could benefit India's exports particularly in the textile sector.

Additionally, it has projected global GDP growth to slow from 3.7% in 2018 to 3.5% in 2019-2020.

To know more on what moved the Indian stock markets today, you can check out the most recent share market updates here.

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Stock Market Updates

Sensex Ends Marginally Higher; Automobile and Power Stocks Witness Buying (Today's Market)

Aug 16, 2019 Closing

The BSE Sensex ended the day up by 39 points, while the NSE Nifty closed up by 18 points.

PIDILITE INDUSTRIES at All Time High; BSE FMCG Index Up 0.4% (Today's Market)

Aug 16, 2019 03:34 PM

PIDILITE INDUSTRIES share price has hit an all time high at Rs 1,373 (up 1.7%). The BSE FMCG Index is up by 0.4%. Among the top gainers in the BSE FMCG Index today are PIDILITE INDUSTRIES (up 1.7%) and P&G HYGIENE (up 0.2%). The top losers include AVANTI FEEDS (down 0.1%) and COLGATE (down 0.1%).

APL APOLLO TUBES Surges by 6%; BSE CAPITAL GOODS Index Down 0.1% (Today's Market)

Aug 16, 2019 03:32 PM

APL APOLLO TUBES share price has surged by 6% and its current market price is Rs 1,350. The BSE CAPITAL GOODS is down by 0.1%. The top gainers in the BSE CAPITAL GOODS Index are APL APOLLO TUBES (up 6.4%) and SUZLON ENERGY (up 6.7%). The top losers are LAKSHMI MACHINE (down 0.2%) and HONEYWELL AUTOMATION (down 0.4%).

CANARA BANK Surges by 5%; BSE BANKEX Index Up 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

CANARA BANK share price has surged by 5% and its current market price is Rs 237. The BSE BANKEX is up by 0.8%. The top gainers in the BSE BANKEX Index is CANARA BANK (up 5.2%). The top losers is HDFC BANK (down 0.2%).

ECLERX SERVICES Plunges by 5%; BSE IT Index Down 0.8% (Today's Market)

Aug 16, 2019 03:30 PM

ECLERX SERVICES share price has plunged by 5% and its current market price is Rs 519. The BSE IT is down by 0.8%. The top gainers in the BSE IT Index are FIRSTSOURCE SOL. (up 3.5%) and ORACLE FINANCIAL (up 3.2%). The top losers is ECLERX SERVICES (down 5.5%).

DR. LAL PATHLABS LTD Surges by 7%; BSE HEALTHCARE Index Down 0.3% (Today's Market)

Aug 16, 2019 03:22 PM

DR. LAL PATHLABS LTD share price has surged by 7% and its current market price is Rs 1,201. The BSE HEALTHCARE is down by 0.3%. The top gainers in the BSE HEALTHCARE Index are DR. LAL PATHLABS LTD (up 7.1%) and APOLLO HOSPITALS (up 8.1%). The top losers are STRIDES PHARMA SCIENCE (down 0.1%) and SANOFI INDIA (down 0.2%).

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