Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Libya tensions overweigh markets
Tue, 22 Feb 11:30 am

After starting today's session on a negative note amidst weighing tensions in Libya, Indian indices fail to gather any momentum and are currently trading in the red. Stocks from Auto and Consumer goods space are trading weak while those from Consumer durable space are trading firm.

Currently, the BSE-Sensex is down by 65 points while NSE-Nifty is trading 32 points below the dotted line. BSE Midcap and BSE Small cap indices are both down by 0.35% and 0.15% respectively. The rupee is trading at 45.24 to the US dollar.

Energy stocks are trading weak with IOC and Petronet LNG leading the pack of losers. However, RIL and Cairn India are trading strong. Global oil major BP is expected to buy 30% stake in RIL's 23 oil & gas blocks including the most coveted KG-D6 block for US$7.2 bn. Apart from this, there are various contingent future performance payments based on exploration success resulting from oil discoveries. The two companies will also enter into a JV for sourcing and marketing gas which will enable the creation of necessary infrastructure for receiving, transporting and marketing natural gas in India. The partnership will create synergistic benefits by combining BP's deep water exploration capabilities with RIL's project management and operational expertise. The deal will also strengthen India's energy security, as the country depends on imports to meet majority of its energy needs. It may be noted that prior to BP, RIL also had a detailed discussion with Exxon Mobil and Shell but could not get through the deal due to its dispute with ADAG on pricing of gas.

Consumer goods stocks are trading mixed with Camlin and Godrej Consumer Products Limited trading firm while Henkel India and Dabur are trading weak. As per a leading financial daily, Godrej Consumer Products Limited is looking at increasing price of soaps to offset rising input costs. The rising price of vegetable oil is forcing the company to protect its margins through efficiencies in manufacturing, distribution and price hikes. However, if vegetable oil rises sharply then the company would go for another round of price increases. Nevertheless, the company is not looking at cutting retailer's margins. It may be recalled that Godrej had raised prices of its soap brands like Cinthol and Godrej No. 1 by 3-5% early last month. The company had also raised the prices of its hair color products by 10% around 3 months back.

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

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Libya tensions overweigh markets". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.