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Indian Equity markets back in green
Mon, 15 Apr 11:30 am

Indian equity markets have come back in green in the previous two hours of trade. Maximum buying interest have been witnessed in the Oil and Gas and bank sectors while IT and consumer durables have faced the maximum selling pressures.

The BSE-Sensex is up by 22 points and the NSE-Nifty is up by 11 points. BSE Mid Cap index is trading up by 0.36% while BSE Small Cap index is trading up by 0.52%. The rupee is trading at 54.74 to the US dollar.

FMCG shares are trading on a mixed note with Kokuyo Camlin and Pidilite Industries leading the gains while Hindustan Unilever and Archies Ltd are facing the maximum selling pressures. According to financial news medium, Dabur Group's private equity firm, Asian Healthcare Fund, is planning to invest around Rs 50 crore in Mydentist, a regional dental care chain of 40 clinics with a focus in Western India. This would be company's first investment since its incorporation in 2011.Mydentist, is among the largest private chains in the country with 38 of its 40 clinics located in Mumbai and the rest in Pune. The company plans to use these funds to scale up its footprint in other geographies. AHF invests across India's healthcare sector, and is focused on companies that are into direct healthcare delivery, indirect healthcare services, medical devices and equipment, diagnostics, specialized manufacturing and bio-pharmaceutical R & D services. Dabur's share is trading up by 0.18%.

Auto shares are trading on a mixed note with Force Motors and Bajaj Auto leading the gains while Maharshtra Scooters and Tata Motors are facing the maximum selling pressures. According to a leading financial news medium, Mahindra & Mahindra (M&M), India's leading SUV manufacturer has announced that its new sub 4 metre Verito will be named as 'Verito Vibe' with its launch scheduled next month. It has been indigenously designed and developed by the company and is smartly packaged in a sub-4 metre length on the proven Verito platform. The 'Verito Vibe' will be packaging the well acclaimed strengths of class-leading space and comfort, robust build and 1.5 Litre dCi Diesel Engine. The Verito Vibe will sport some first in class styling elements in this younger and sportier avatar. The company has decided on the name 'Vibe' for its newest offering, with the aim of conveying a distinctive youthful and vibrant imagery. M&M's share is trading down by 1.47%.

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