Buying support lifts equity market; FMCG, pharma stocks gain (Roundup)


Mumbai, Sep 30 | Despite volatility on account of weakened global sentiment, the Indian equity market ended on a positive note on Wednesday.

Segment-wise, metals, banking, realty and auto came under selling pressure, whereas, defensive sectors like pharma, FMCG and IT attracted investors.

Globally, an early boost to Asia’s emerging stock markets from Chinese economic data faded on Wednesday as a chaotic first US presidential debate weakened sentiment globally and traders reined in bets ahead of several regional market holidays.

Similarly, European stocks traded choppy and fell mildly on the last trading day of the month and the quarter.

The BSE Sensex closed at 38,067.93, up 94.71 points, or 0.25 per cent, from the previous close of 37,973.22.

The Nifty50 on the National Stock Exchange closed at 11,247.55, up by 25.15 points, or 0.04 per cent, from its previous close.

“An early boost to Asia’s emerging stock markets from Chinese economic data faded on Wednesday as a chaotic first US presidential debate weakened sentiment globally and traders reined in bets ahead of several regional market holidays,” said Deepak Jasani, Head of Retail Research at HDFC Securities.

“Traders in India are cutting back on their exposures due to lacklustre markets. However, no big negative on the horizon means that there may not be a rush to the exit door in the near term.”

According to Vinod Nair, Head of Research at Geojit Financial Services: “As expected, benchmark indices remained volatile throughout the day, fluctuating between losses and gains before finally ending the day flat.”

“Global cues were mostly negative, following caution over the outcome of US presidential elections and also because of rising virus cases around the world. Traders are advised caution as markets are expected to remain volatile.”

On his part, Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services said: “Tomorrow, investors could react to couple of economic data-points that would get released this evening – China’s PMI data, UK’s GDP data and India’s ‘Fiscal Deficit’ and ‘Infrastructure Output’.”

Source: IANS

Sponsors Posts

Teamology Softech And Media Makes PR Affordable for SMEs In India

Teamology Softech And Media Makes PR Affordable for SMEs In India

Don’t have enough funds to spend on your business or do u have very limited amount of money for your business PR? No worries when Teamology make affordable PR for your business and brand. Teamology Softech And Media Services Pvt Ltd are a high term Digital PR, Information Technology, Digital Marketing and Brand Consulting firm in India.

How to transform your small business into a big business?

Every startups face many challenges, but none as uncertain or life-threatening as the struggle to remain cash positive. In enhancement, new companies have to pay thousands a month in team salaries, office-leasing fees, raw materials, and other continuous operational costs all while struggling to secure enough funds to stay afloat.

Mr. Gulrez Alam, a young entrepreneur and Managing Director at Teamology Softech and Media Services Pvt. Ltd. He is also a co-founder of a leading educational Sarkari Naukri Information portal in India shares his experience where he felt extremely helpless to promote his own site as it’s not possible for young entrepreneurs to invest huge amount in their PR activities for SMEs.  Caught in this dire financial balancing act, most entrepreneurs end up abandoning investments they come to view as unnecessary, such as marketing and advertising. Yet the cruel irony is that neglecting marketing altogether smothers a business’s growth, leaving it less revenue to collect and forcing it into an even more definitive budget.

So after his personal experience where he wasn’t able to do his PR and advertisement of the webportal.  Mr. Gulrez Alam along with Mr. Badshah Ansari who is now a technical director of Teamology softech and Media services Pvt.Ltd  decided to startup a business venture where their company Teamology Softech and Media Services Pvt. Ltd  provides offer of  100% Guaranteed Digital PR over the world. They are also running ads and manage social media account of many happy clients. They Boost your social media Engagement apparently. They have a dedicated team who are expert In SEO Services.

The teamology Providing Backlink, Page Optimization, Schema Markup, On-Page SEO, Off-Page SEO, and many more. They also Offers Website and App Development Services. Custom Web development, Design according to SEO Algorithm. Teamology has a Team of Experts Writer, who writes the article for many reputed organizations like Forbes, Entrepreneur, Buzzfeed, and many Indian news websites.

Teamology Team consists of more than 30 Marketers, Writers, and Managers. The Main Motto of Teamology is to provide best PR service and also sssured that client’s project would deliver on time. Teamology  Supports Small and medium Startups to provide excellent service at the best price. Teamology has joined the gap between startups, SMEs, individuals, and mainstream media affordable to every enterprise. it included mainstream media in the press announcement field. Teamology have directly affiliated with 100+ online news channels in linguistics.

At present Teamology has 160+ clients, their have 100+ publications in total and approximately 10k satisfied and happy clients.  Their Mission is to helps in Branding, Digital Marketing, E-Commerce, and Design to grow Startups & Brands to meet Consumer’s needs and develop world-class skills & abilities. According to the founder of Teamology, Their  main goal is to help customers return on their investment, improve their operational performance, deliver their products and services more effectively & efficiently, and grow their businesses in existing & new markets.

They help By engaging with the customers and their teams to strengthen digital marketing, E-Commerce, and brand management skills to build a consumer-centric design.


Please enter your comment!
Please enter your name here