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Sensex closes above 75K mark for first time, Nifty hits record high; where is the market headed?

Nifty too touched a record high of 22,775 during the session. Later, Sensex ended 354 points higher at 75,038 and Nifty rose 111 pts to 22,753



China , Bharti-airtel , Ajit-mishra , Vinod-nair , Technical-research , Geojit-financial-services , Head-of-research , Kotak-bank , Tata-steel , Asian-paints , Tech-mahindra , Religare-broking

Grasim's paint foray turns brokerages bearish on Asian Paints as competition heats up

While Grasim's paint foray is unlikely to take away Asian Paints' top spot in the sector, it will definitely fuel competition and change dynamics within the industry.

Ludhiana , Punjab , India , Tamil-nadu , Cheyyar , Panipat , Haryana , Grasim-industries , Goldman-sachs , Birla-opus , Asian-paints

Why Indian behemoths are betting on the paints sector?

A post-pandemic boom of investments and infrastructure development has resulted in a demand spike from the real estate sector, which accounts for about 70 percent of the total paint demand in India.

India , Khandala , Maharashtra , Yojana-grameen , Aditya-birla , Kansai-nerolac , Akzo-nobel , Will-grasim , Careedge-ratings , Any-colour , One-price , Dulux-paints

Will Grasim's entry disrupt the paint industry?

The competitive intensity in the sector is likely to jump manifold in the medium term

Will-grasim , Birla-opus , Rasim , Ltratech , Ditya-birla-group , Sian-paints , Erger-paints , Idilite-industries , Namel , Utty , Hite-cement

paint industry | Birla Opus, paints division of Aditya Birla group rolls out plans to grow at blistering pace

Birla entity aims to create installed capacity to manufacture paints that will be greater than combined current capacities of second, third and fourth players by end of first year in business

Kharagpur , West-bengal , India , Panipat , Haryana , Tamil-nadu , Aditya-birla , Kumar-birla , Kansai-nerolac , Kumar-mangalam-birla , Airtel , Vodafone-idea

As Grasim gears up to launch Birla Opus, Jefferies turns bearish on Asian Paints

Grasim Industries announced that it plans on targeting the larger cities first, following which, it will enter the lower tier markets.

Ludhiana , Punjab , India , Panipat , Haryana , Cheyyar , Tamil-nadu , Kumar-mangalam-birla , Grasim-industries , Asian-paints , Birla-opus , Mangalam-birla