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 equity markets back in green
Thu, 14 Mar 01:30 pm

Indian equity markets have witnessed a sharp rise and are trading in green in post noon trading session. As per the available data, the Feb WPI inflation was at 6.84% vs 6.6% in Jan seems to have raised hope for rate cut. Majority of sectors are trading in green barring the stocks from consumer durables and auto. Maximum buying is witnessed in banking and realty stocks.

BSE-Sensex is up by 157 points and NSE-Nifty is trading up by 48 points. While BSE Mid Cap is trading up by 0.07%, BSE Small Cap index is trading down by 0.13%. The rupee is trading at 54.28 to the US dollar.

Most of the banking stocks are trading in green with Karnataka Bank and Laxmi Vilas bank are leading among gainers. As per the financial daily, ICICI Bank has constituted a inquiry committee to probe allegations that it is one of the Indian banks that run a nationwide money laundering racket. Reportedly, Cobrapost, an online magazine, claimed that as per its undercover investigation it was revealed that banks like ICICI Bank, HDFC Bank and Axis Bank run money laundering rackets. Further, money laundering services are offered as a standard product across the country. Cobrapost claims that it has captured the video tape of these banks who are running money laundering racket run by these banks.

FMCG stocks are trading mixed with Hindustan Unilever and Colgate being the biggest gainers and Godrej Consumer Products and Gillette India being the major losers. As per a leading financial daily, FMCG behemoth Hindustan Unilever (HUL) is contemplating to realize over Rs 3 bn by July 3013 . The proceeds will be realized through the sale of more than 55 high-end apartments in prime localities of Mumbai, Kolkata and a land parcel in Hyderabad. The company has earned over Rs 6.7 bn from the sale of real estate properties and residential apartments alone in the last four quarters. According to HUL, it continuously reviews assets including real estate to unlock business value from idling assets. Reportedly, the company's increased activity on the real estate front has been due to two reasons. Firstly, HUL executives have gradually shifted from company-owned to self-owned or rented apartments due to better tax savings. Secondly, the company has sold off or leased several properties including its erstwhile headquarters, Lever House, and Gulita property in Worli after shift in its headquarters to Andheri from south Mumbai in 2010. HUL has given leasehold rights of Gulita to Piramal Realty for Rs 4.5 bn.

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 equity markets back in green". 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.