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Share markets in India are presently trading on a negative note. Benchmark indices have erased early gains and are trading lower, ahead of the Economic Survey.

Sectoral indices are trading mixed with stocks in the power sector and IT sector witnessing selling pressure, while consumer durable stocks and banking stocks are witnessing buying interest.

The BSE Sensex is trading down by 170 points (down 0.4%), while the NSE Nifty is trading down by 58 points (down 0.5%).

The BSE MidCap index is trading down by 0.6%, while the BSE SmallCap index is trading down by 0.3%.

The rupee is currently trading at Rs 71.50 against the US$.

In news from the FMCG sector, Colgate Palmolive on Thursday reported a 3.6% increase in net profit at Rs 1,991 million in the quarter ended December 31, 2019.

The company had posted a net profit of Rs 1,921 million in the same quarter a year ago.

Total income during Q3FY20 stood at Rs 11,529.7 million as compared to Rs 11,072.6 million in the year-ago quarter, a growth of 4.1%.

Volume growth of the company slipped to 2.3% as against 4% seen in the September quarter.

The company said the relaunch of its flagship brand, Colgate Strong Teeth has helped gain household penetration and its new Charcoal variant has seeing early traction with consumers in the markets where it has been launched.

Colgate share price is presently trading down by 2.5%.

To know more about the company, you can read Colgate's Q3FY20 result analysis on our website.

Moving on to news from the railways sector, as per a leading financial daily, the government's attempt to let private companies run passenger trains has attracted more than two dozen firms, including global majors Alstom Transport, Bombardier, Siemens AG and Macquarie.

As per the article, companies such as Adani Ports & SEZ, Indian Railway Catering and Tourism Corporation (IRCTC) and KEC International have also shown initial interest in the government's plan to let private firms run trains on 100 routes.

As many as 150 modern trains will be run by private operators across 100 routes, offering world-class technology and services to passengers.

The Railways currently runs 13,000 passenger trains. However, a total of 20,000 trains will be required to meet growing passenger demand, Railway Board chairman Vinod Kumar Yadav told reporters on Wednesday.

Meanwhile, Finance Minister Nirmala Sitharaman in her Railway Budget 2020 speech, as part of the Union Budget 2020 speech, may announce an increase in the capital expenditure for Indian Railways.

In the last year's Union Budget, Indian Railways received a budgetary allocation of Rs 658.4 billion and the highest ever outlay of Rs 1.60 lakh crore.

For the fiscal year 2019-2020, the budget had pegged the investment requirement for Indian Railways at Rs 50 lakh crore over a period of 12 years. Last year in December, Nirmala Sitharaman had unveiled a 102-lakh crore national infrastructure pipeline in which the railway projects will be accounting for Rs 13.7 lakh crore.

Union Railway Minister Piyush Goyal recently discussed the plan of electrification of railways and the huge investment opportunity that it presents at the recent World Economic Forum in Davos, Switzerland.

Earlier this month, Piyush Goyal stressed the need for a public-private partnership (PPP) funding model for the railway sector as the big investments will be impossible through government and railway budgets.

How all this pans out remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

Speaking of the railways sector, here's what Tanushree Banerjee wrote about Indian railways in one of the recent editions of The 5 Minute WrapUp...

• Investment in Indian railways has always been lacking in the past. This has meant a stretched infrastructure with more than 60% of routes being over utilised.
  
  The poor image of Indian railways meant a price hike was never an option for the government.
  
  All this has changed in the recent years.
  
  Since 2014, investment in the Indian railways has increased at a rapid pace.

This is evident in the chart below...

Massive Reforms Underway in the Indian Railways

The government's aim to modernize more than 100 stations to world class standards and by provide amenities like wi-fi, quality food and beverage services will improve passenger experience.

Improved services will also help the government justify fare increases in the future.

Tanushree believes such reforms are the need of the hour for the Indian economy.

In one of her recent articles, she wrote about a safe stock for the next decade.

It's the StockSelect recommendation for this month and Tanushree believes it can be one of the best performers in the next decade.

If you've subscribed to StockSelect, here's the link to the report.

If you're aren't a member, sign up for StockSelect here.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

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