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Indian stock markets bounce back
Tue, 27 Dec 11:30 am

Indian stock market indices have been trading in the green over last two hours of trade after a weak opening. All sectoral indices are trading in the green except banking stocks.

The BSE-Sensex is trading up by 55 points and NSE-Nifty is trading firm by 16 points. BSE Mid cap and BSE Small cap indices are trading strong by 0.4% each. The rupee is trading at 52.92 to the US dollar.

Telecom stocks are trading in the green led by Reliance communications and AGc Networks. As per a leading daily, the Telecom commission has recently made some key changes in the telecom policy. It was in favour of 2G spectrum in future as also spectrum sharing between operators. It also permitted telecom companies having joint market share of up to 35% to go for mergers and acquisitions. The commission also allowed for 8% uniform license fee for operators in a phased manner. At present, it is 6-10%. The announcement is likely to impact companies like Bharti Airtel, Idea cellular and Vodafone.

PSU Banking stocks are trading weak today. Union Bank and Vijaya Bank are the top losing banks. As per a leading financial daily, SBI is witnessing a drop in home loan numbers by 14% in the first half of the fiscal. The bank had disbursed loans of Rs 70 bn last year and the shortfall so far is Rs 10 bn. This is being attributed to the slowdown in the real estate sector. Mumbai and National capital Region (NcR) that contribute maximum to home loans have been in a slow down mode, thereby affecting the demand for loans. In fact, the sales have mainly come from tier II and tier III cities this time.

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Stock Market Updates

GUJ. STATE PETRONET Share Price Up by 5%; BSE 500 Index Up 1.4% (Today's Market)

Mar 2, 2021 03:31 PM

GUJ. STATE PETRONET share price is trading up by 5% and its current market price is Rs 262. The BSE 500 is up by 1.4%. The top gainers in the BSE 500 Index are GUJ. STATE PETRONET (up 5.2%) and GSK CONSUMER (up 5.1%). The top losers are BAYER CROPSCIENCE and LAURUS LABS.

GUJARAT PIPAVAV PORT Share Price Up by 12%; BSE REALTY Index Up 0.8% (Today's Market)

Mar 2, 2021 03:23 PM

GUJARAT PIPAVAV PORT share price is trading up by 12% and its current market price is Rs 114. The BSE REALTY is up by 0.8%. The top gainers in the BSE REALTY Index is GUJARAT PIPAVAV PORT (up 12.5%). The top losers are PRESTIGE ESTATES and PHOENIX MILL (down 0.2%).

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

Mar 2, 2021 03:23 PM

STRIDES PHARMA SCIENCE share price is trading up by 5% and its current market price is Rs 878. The BSE HEALTHCARE is up by 1.1%. The top gainers in the BSE HEALTHCARE Index is STRIDES PHARMA SCIENCE (up 5.1%). The top losers are AJANTA PHARMA (down 0.4%) and CAPLIN POINT (down 0.4%).

JAGRAN PRAKASHAN Share Price Down by 7%; BSE 500 Index Up 1.3% (Today's Market)

Mar 2, 2021 03:23 PM

JAGRAN PRAKASHAN share price is trading down by 7% and its current market price is Rs 63. The BSE 500 is up by 1.3%. The top gainers in the BSE 500 Index are SYMPHONY (up 20.0%) and SHIPPING CORP (up 20.0%). The top losers is JAGRAN PRAKASHAN (down 7.4%)..

JK LAKSHMI CEMENT Share Price Up by 11%; BSE 500 Index Up 1.0% (Today's Market)

Mar 2, 2021 03:15 PM

JK LAKSHMI CEMENT share price is trading up by 11% and its current market price is Rs 438. The BSE 500 is up by 1.0%. The top gainers in the BSE 500 Index are JK LAKSHMI CEMENT (up 11.0%) and TTK PRESTIGE (up 11.1%). The top losers are CROMPTON GREAVES CONSUMER ELEC. and RAYMOND .

Sensex Trades Over 200 Points Higher; Dow Futures Down by 90 Points (Today's Market)

Mar 2, 2021 12:30 pm

BSE Sensex is trading up by 209 points, while the NSE Nifty is trading up by 76 points.

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