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

Indian stocks end on a flat note
Wed, 12 Mar Closing

After a volatile day of trading, the Indian stock markets ended the day on a flat note. The BSE-Sensex closed higher by about 30 points or 0.1%, while the NSE-Nifty ended higher by about 5 points or 0.1%. Stocks from the FMCG and pharmaceutical spaces were amongst the top performers today, while those from the oil & gas and energy spaces were least in demand. The BSE Mid Cap and BSE Small Cap indices ended the day on a flat note as well.

Stock markets in other parts of Asia ended on a weak note with Japan, China and Hong Kong down by about 2.6%, 0.2% and 1.7% respectively. The rupee was trading at Rs 61.09 to the dollar at the time of writing.

FMCG stocks ended the day on a strong note with ITC and Godrej Consumer leading the pack of gainers. FMCG stocks have been under pressure off late on the back of concerns related to volume growth, which is expected to remain weak in short run. The demand slowdown has not bottomed out as yet. Hindustan Unilever (HUL), the FMCG giant registered a volume growth of mere 4% in 3QFY14. It is expected that the coming quarter may mirror a similar subdued performance. Moreover, while urban growth continues to remain weak, the growth volumes in rural markets have started witnessing early signs of de-growth. Weak consumer sentiments and input-cost inflation deterred the margins of the FMCG companies.

Export numbers for the month of February 2014 came below expectations. The numbers reported a first decline in a period of eight months. And with this, concerns over the future have started to erupt given the strengthening of the Rupee in recent times. As reported by the Business Standard, exports declined by 3.7% YoY to US$ 25.7 bn during the month of February 2014. As for the 11 month period ended February 2014, exports are up by 4.8% YoY to US$ 282.8 bn. Petroleum, engineering, gems and jewellery - which constitute of nearly 57% of the export basket (in February 2014) - reported a decline in trade during the month. India had set an export target of US$ 325 bn for the full year FY14. However, given that the 11 month figure is way below expectations, the chances of meeting the target seem minimal.

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 "Indian stocks end on a flat note". 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.