Share Markets Open Strong on Global Cues

Wed, 16 Nov 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

Asian markets have opened the trading day higher today with shares in Japan leading the region. The Nikkei 225 is up 1.21% while the Hang Seng is up 0.60%. While the Shanghai Composite is trading down by 0.13%. Stock markets in Europe and US ended their previous session on a positive note.

Indian share markets have opened the day on a firm note amid strong global cues. The BSE Sensex is trading higher by 310 points (up 1.2%) while the NSE Nifty is trading higher by 84 points (up 1.2%). The BSE Mid Cap index and BSE Small Cap index both have opened higher by 1.7% each. The rupee is trading at 67.62 to the US$.

All the sectoral indices have opened in the green with IT & realty stocks leading the pack of gainers.

As per an article in The Economic Times, Bharat Heavy Electricals Limited (BHEL) has secured export orders for supply of industrial motors to the African nations of Togo and Benin. Scancem International DA, Norway (Heidelberg Cement group) has placed the order for the motors for their cement plants, Ciments Du Togo S.A. & Cimbenin S.A, Benin.

With this, BHEL has forayed into the international market. Further, the motors will be manufactured and supplied by BHEL Bhopal unit.

Recently, the company has built 500 MW Kosti Thermal Power Plant and is the largest thermal power plant of Sudan. The project came close on the heels of the successful commissioning of BHEL's 28 MW Nyaborango Hydro project in Rwanda, 2x20 MW Steam Turbine and Generators for cogeneration application at Tendaho Sugar Factory in Ethiopia.

Moreover, BHEL now has presence in 80 countries across all the six inhabited continents. Going forward, whether BHEL expands its footprint will be the key thing to watch out for.

BHEL's share price opened up by 1.1%.

In another development, a leading financial daily reported, the Indian urea industry may witness a major transformation where the government could take a major share by 2020. In this regard, the government has initiated series of steps to revive several state-owned sick industrial units.

The government hopes to commission five to six fertiliser plants in Iran, Congo and Algeria and the domestic market by 2020, the reports noted. The move comes at a strategic time when private sector companies are shying away from the urea market due to excessive government regulation.

Moving on to the news from stocks in pharma sector. According to an article in a leading financial daily, Lupin has launched Amabelz tablets in the American market after getting approval from the US health regulator. The tablets are used in prevention of postmenopausal osteoporosis which is a generic version of Amneal Pharmaceuticals' Activella tablets in the US.

Lupin's Amabelz Tablets are launched in the strengths of USP, 0.5 mg / 0.1 mg and 1 mg/ 0.5 mg and are the AB rated.

According to IMS MAT sales data, Activella had US sales of US$91.1 million. Meanwhile, Lupin has also launched Iron Isomaltoside injectable iron formulation under two brand names Isofer and Jilazo in India. Lupin had acquired the exclusive rights to market and sell the injectable formulation from Denmark-based Pharmacosmos A/S.

It is imperative to note, Lupin had recently received clearance from the USFDA on its Goa plant. This clearance was long awaited and would pave way for more lucrative approvals. The pharma industry as whole is undergoing regulatory crackdowns. Considering the pharma's regulatory distresses, are Indian pharma companies now adapting to the scrutiny by the USFDA? Bhavita Nagrani, our pharma sector analyst, shares her insights in one of our premium editions of The 5 Minute Wrap Up (Subscription required).

Lupin's share price opened down by 2.4%.

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