The BSE-Sensex is trading down by 58 points and NSE-Nifty is trading down by 20 points. BSE Mid Cap and BSE Small Cap indices are trading lower by 0.2% each. The rupee is trading at 50.77 to the US dollar.
Retailing stocks are trading weak led by Zodiac and Provogue. According to a leading financial daily, Titan Industries is set to acquire a Swiss watch brand. The Swiss brand named Favre Leuba will widen the product portfolio of Titan. Titan already sells a variety of products including sub Rs 500 watches, luxury watches, watches for children, watches specially designed for women, etc.
Titan is expected to shell out Rs 130 m for the same. The country's largest watch maker has signed a binding offer with Valfamily SL Spain and Maison Favre Leuba of Switzerland. This will help Titan in gaining global rights of the Swiss brand. Favre Leuba has a rich history in international markets and has been existing since 1737. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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