Stock Market Live: After the holiday of Balipratipada today i.e. Wednesday, the stock market had a strong start. Sensex-Nifty is witnessing a huge surge. The 30-share benchmark Sensex of the Bombay Stock Exchange BSE opened up 527 points at 65461 today. Whereas, the National Stock Exchange’s Nifty started the day with a double century gain from the 19651 level.
Bullish effect on American stock markets
American markets closed strongly on Tuesday. Wall Street’s Dow Jones rose 1.43%, or 489 points, to close at 34827. The Nasdaq rose 2.37% or 326 points. It closed at the level of 14094. The S&P also rose 1.91 percent to close at 4495.
Sensex was up 531 points at 65464 in early trade. Apart from Mahindra & Mahindra, all Sensex stocks including Power Grid, Bajaj Finance, NTPC were trading in the green. On the other hand, the Nifty rose 168 points to 19611.
Hindalco took off
Among Nifty’s top gainers, Hindalco rose 4.34 percent to Rs. was trading at 508.65. LTIM also increased by 1.83 percent to Rs. was 5357.15. Shares of Infosys, JSW Steel and Tech Mahindra also gained 1.45 percent to 1.69 percent. As for the nifty top looser, only the power grid was included. That means 49 stocks of Nifty 50 were on green mark.
Dabur’s preparation to take “Badshah Masala” to foreign markets
Fast-moving consumer goods (FMCG) manufacturing company Dabur is taking its spice brand Badshah to overseas markets. The company acquired it last year. Dabur India Chief Executive Officer (CEO) Mohit Malhotra said he expects the brand to contribute around four per cent to the company’s international sales in the current financial year.
The company plans to target foreigners settled in America, Britain and West Asia. The company is currently in the process of getting regulatory approval for the same and ramping up production. Apart from the domestic market, Dabur plans to take Badshah Masala to the North, East and South and also introduce it to the western markets of Maharashtra and Gujarat.
(with agency input)