Markets Open on a Flat Note

Tue, 16 Aug 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Majority of the Asian markets opened lower, despite record closing highs in US equities. The Nikkei 225 is off 1.06% while the Hang Seng is down 0.21%. The Shanghai Composite is down by 0.52%.

Meanwhile, Indian stock markets have opened the day on a flat note. BSE-Sensex is trading higher by 26 points and NSE-Nifty is trading lower by 2 points. Meanwhile, both S&P BSE Mid Cap and S&P BSE Small Cap are trading higher by 0.3% and 0.1% respectively. Sectoral indices opened on a mixed note with FMCG and power stocks leading the gains. While, realty and IT stocks are leading the losses. The rupee is trading at 66.88 against the US$.

FMCG stocks have opened on a firm note with ITC and Emami leading the gains. According to an article in The Economic Times, Dabur will double its herb cultivation as the company plans to launch newer ayurvedic products amid growing demand and increasing competition from Patanjali Ayurved. The company plans to acquire 3,800 acres of medicinal herb farms by March next year, its fastest expansion so far. At present, it has nearly 2,000 acres under cultivation.

Dabur's latest initiative will involve 2,500 farmers, up from 1,200 now. The company will also reportedly enter allied categories within the food and oral care segments without straying away from the core ayurvedic products business.

Dabur is also moving fast to open an online platform where it might sell products of other companies, along with its own. The platform might go live next year. It would sell ayuveda-based health care products, along with providing information on ailments and therapy. It might also offer products from other key brands.

The company's consolidated net profit rose 11.82% YoY to Rs 2.92 billion in Q1 June 2016. Dabur is also focusing on aggressive expansion of its manufacturing capability and will be investing Rs 5 billion in FY 2017 to establish new production units as also to expand its existing plants in India and abroad.

Moving on to news from aluminum sector. Shares of Hindalco have opened the trading day in green after it was reported that the company has divested its stake in Australian subsidiary Aditya Birla Minerals for 73 million Australian dollars to Metals X. This comes at a time when Grasim & Aditya Birla Nuvo recently announced a US$9-billion merger plan.

Aditya Birla Minerals is a listed company in Australia, a subsidiary of Hindalco, where the company held 51% stake. Aditya Birla Minerals supplied less than 10% of copper concentrates to Hindalco while rest was mainly sourced from South America.

In another development, Hindalco's Novelis unit will launch a bond sale in the US to raise as much as US$1.1 billion to refinance debt. The money will go toward refinancing bonds that mature in December 2017. The base size of the issue is $550 million with an option to retain oversubscriptions.

The company plans to take advantage of demand for Indian bond in global market. Demand for debt instruments of Indian companies has gone up after the global bond market was roiled by Brexit and amid a climate of zero interest rates as central banks looks to bolster faltering economies.

It is to be noted that Novelis contributes close to half of the Hindalco's consolidated revenue.

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