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 markets widen losses
Mon, 25 May 01:30 pm

After opening the day in red, the Indian indices slipped deeper in the red in the post noon trading session. Most sectoral indices are trading on a negative note with stocks from the FMCG and Financial Institution sectors leading the losers. However telecom stocks are trading firm.

The BSE-Sensex is trading down 227 points (0.8%) and the NSE-Nifty is trading down 67 points (0.8%). The S&P BSE Midcap index is trading marginally up 0.1% while the S&P BSE Smallcap index is trading lower by 0.04%. In commodity markets, Gold is trading at Rs 27,130 levels per 10 grams and Silver is trading at 39,005 per kilogram. Crude oil is trading in green and is up by 0.4% or Rs 14 at Rs 3,827 per barrel. At the time of writing, the rupee stood at Rs 63.62 to the US$.

Automobile stocks are trading mixed today with Eicher Motors and TVS Motors leading the gainers and Tube Investments and Tata Motors witnessing maximum selling activity. Hero MotoCorp, the world's largest two wheeler motorcycle company, has achieved sales of 1 lakh motorcycles and scooters in the online marketplace Snapdeal. In about five months of venturing into online platform and at an average of Rs 50,000 for each unit, the value of the online sales would be approximately Rs 5 bn. In line with this positive response, the company is now working to develop its own online retail sales venture that is likely to go live later this year. Currently the stock of Hero MotoCorp is trading down nearly 5%.

Food and Tobacco stocks are also trading on a mixed note with Wadala Commodities and Britannia leading the gainers. Stock of ITC faced major selling activity today in the morning trade after the company announced its results for the fourth quarter ended March 2015. The company reported lower than expected 3.7% YoY (year-on-year) growth in its net profit at Rs 23.6 bn due to muted growth in cigarette business and decline in agri segment. The revenue of cigarette business, which accounts for 42% of the total revenues, rose marginally by 3.2% to Rs 42.1 bn on a YoY basis. Net sales for the March 2015 quarter rose marginally by 0.47% to Rs 91.8 bn as against 91.4 bn for the corresponding quarter last year. At the time of writing, the stock of ITC was trading down by 2.6%.

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 markets widen losses". 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.