Check out what is happening at the muhurat trading at the stock markets today...
The prospect of a mid-month price increase in cold rolled (CR) and galvanised steel--used by automobile and consumer durables makers--has abated with the government deferring a decision to impose a safeguard duty on the intermediate product, hot rolled coils.
India will have to wait till the third quarter of this fiscal to witness the rebound in manufacturing, triggered by low-end consumer durables growth in semi-urban areas, says research firm Deloitte.
Check what is happening in the stock markets today. Genus Power, Jayant Agro, Karuturi Net look good.
Check what is happening at the stock markets today. Goldstone Tech, Media Video and Alphageo Ind look good.
Check what is happening at the stock markets today. Swan Mills, Cravatex Ltd, Hindoostan Spg look good.
Check what is happening at the stock markets today. Hindoostan Spg, Cravatex Ltd, Kamla Dial, Swan Mills look good.
Check what is happening at the stock markets on Wednesday. A few stocks that look good are Networth Stk, Aarvee Denim, Flat Products and Modern Steel.
The NCEAR has indicated some improvement in the fourth quarter of the current financial year.
The previous low at 1.8 per cent was recorded in October 2017.
The NSE Nifty closed at 4930, up 100 points. Out of 2921 stocks traded on the BSE, there were 1769 advancing stocks as against 1054 declines.
According to industry experts, companies in sectors such as consumer durables (fans, air-conditioners), power cables and the electrical industry will be hit, given that they are big users of copper.
Korean consumer durables maker LG Electronics on Thursday said it will hire around 4,000 people in India in next three months to enhance its after-sales services in the air conditioner segment.
Manufacturing sector, which accounts for two-thirds of the industrial production, recorded a growth of 7.3 per cent in June indicating return of consumer demand in the market.
With the rural segment accounting for 60 per cent of sales for fast moving consumer goods companies and 40-50 per cent for consumer durables manufacturers, the government's admission of sowing having fallen almost 20 per cent due to the weak monsoon, and declaring 161 districts as drought-prone, has put these sectors under a cloud.
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