Markets Continue to Trade Higher

Wed, 20 Jul 01:30 pm

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   Closing   

Indian indices are trading marginally higher during the post noon trading session despite a lack of positive triggers from global markets. Barring IT stocks, major sectoral indices are trading on a positive note with stocks from the oil & gas and realty witnessing maximum buying interest.

The BSE Sensex is trading higher by 83 points (up 0.3%) and the NSE Nifty is trading higher by 26 points (up 0.3%). The BSE Mid Cap index is trading higher by 0.7% while the BSE Small Cap index is trading higher by 0.7%. Gold prices, per 10 grams, are trading at Rs 30,975 levels. Silver price, per kilogram, is trading at Rs 46,708 levels. Crude oil is trading at Rs 3,075 per barrel. The rupee is trading at 67.20 to the US$.

As per an article in The Economic Times, Exide Industries has decided to shovel Rs 14 billion in India to introduce automotive batteries with new-age punch-grid technology. This advanced technology used for making high performance and long-life durable batteries would be for the first time in India, the reports stated.

Of the planned capital expenditure, Rs 7 billion will be invested in its Haldia unit in West Bengal.

Moreover, Exide has tied up with US-based East Penn Manufacturing Company for the technology as well as the machine. Following the expansion, Haldia will produce 3.2 million batteries against 2.2 million now.

At present, Exide makes 12.2 million batteries that find use in cars, railways, inverters and submarines.

Going forward, batteries with the new technology will be initially rolled out from Haldia plant and gradually other facilities. The balance Rs 7 billion capex will be invested across the rest of the four units.

In fourth quarter of FY 2015-16, Exide Industries reported a 7% YoY and 29% YoY growth in revenues and net profits (Subscription Required) respectively. The scrip of Exide Industries was trading up by 0.9% at the time of writing.

Moving on to the news from pharma sector. According to a leading financial daily, Glenmark Pharmaceuticals has been granted final approval by the US Food and Drug Administration (USFDA) for rosuvastatin calcium tablets.

Rosuvastatin is a generic equivalent of Crestor Tablets used in pulling down the cholesterol levels. Further, tablets in the strengths of 5 mg, 10 mg, 20 mg, and 40 mg have been authorized by the USFDA.

Notably, the market size of the product was approximately US$6.7 billion for the twelve months ended May 2016, says a report from IMS Health.

Presently, Glenmark's portfolio consists of 115 authorized products in the US. Overall Glenmark has 61 ANDA' s pending approval with the USFDA.

Recently, in one of the editions of The Equitymaster Research Digest, we have highlighted how timely approvals from the FDA boosted the growth (Subscription Required) of pharma companies.

To know our view on Glenmark Pharma, subscribers can read our result analysis (subscription required). Glenmark Pharmaceuticals Ltd was trading up by 1.8% while writing.

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers