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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

GRANULES INDIA at All Time High; BSE HEALTHCARE Index Up 1.1% (Today's Market)

Aug 6, 2020 03:22 PM

GRANULES INDIA share price has hit an all time high at Rs 328 (up 3.0%). The BSE HEALTHCARE Index is up by 1.1%. Among the top gainers in the BSE HEALTHCARE Index today are GRANULES INDIA (up 3.0%) and PROCTER & GAMBLE HEALTH . The top losers include JUBILANT LIFE SCIENCES and LAURUS LABS LTD (down 0.2%).

BAJAJ CONSUMER CARE Share Price Up by 6%; BSE FMCG Index Up 1.5% (Today's Market)

Aug 6, 2020 03:16 PM

BAJAJ CONSUMER CARE share price is trading up by 6% and its current market price is Rs 181. The BSE FMCG is up by 1.5%. The top gainers in the BSE FMCG Index are BAJAJ CONSUMER CARE (up 5.7%) and GSK CONSUMER (up 5.1%). The top losers are JYOTHY LABS (down 0.1%) and P&G HYGIENE (down 0.2%).

ALEMBIC PHARMA Share Price Up by 5%; BSE HEALTHCARE Index Up 1.1% (Today's Market)

Aug 6, 2020 03:06 PM

ALEMBIC PHARMA share price is trading up by 5% and its current market price is Rs 1,059. The BSE HEALTHCARE is up by 1.1%. The top gainers in the BSE HEALTHCARE Index are ALEMBIC PHARMA (up 5.3%) and AUROBINDO PHARMA (up 5.5%). The top losers are DR. REDDYS LAB (down 0.4%) and PFIZER (down 0.4%).

HIMATSINGKA SEIDE Share Price Down by 5%; BSE 500 Index Up 0.7% (Today's Market)

Aug 6, 2020 02:58 PM

HIMATSINGKA SEIDE share price is trading down by 5% and its current market price is Rs 74. The BSE 500 is up by 0.7%. The top gainers in the BSE 500 Index are CAPLIN POINT (up 10.0%) and PRESTIGE ESTATES (up 8.4%). The top losers are HIMATSINGKA SEIDE (down 5.3%) and BASF INDIA (down 5.3%).

MUTHOOT FINANCE Share Price Down by 5%; BSE 500 Index Up 0.7% (Today's Market)

Aug 6, 2020 02:52 PM

MUTHOOT FINANCE share price is trading down by 5% and its current market price is Rs 1,325. The BSE 500 is up by 0.7%. The top gainers in the BSE 500 Index are CAPLIN POINT (up 9.4%) and TATA CONSUMER PRODUCTS (up 7.4%). The top losers are MUTHOOT FINANCE (down 5.0%) and GULF OIL LUBRICANTS (down 6.9%).

Sensex Trades in Green; RBI Keeps Repo Rate Unchanged at 4% (Today's Market)

Aug 6, 2020 12:30 pm

The BSE Sensex is trading up by 265 points, while the NSE Nifty is trading up by 77 points.

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