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 share markets remain in red
Mon, 24 Jun 11:30 am

Indian share markets have remained in red in the last two hours of trade with metals as the only sector witnessing buying interest.

The BSE Sensex is down by 167 points and the NSE-Nifty is down by 60 points. BSE Mid Cap index is down by 1.7% while the BSE Small Cap index is up by 1%. The rupee is trading at 59.63 to the US dollar.

Food and Tobacco shares are trading on a mixed note with GSK Consumer and VST Industries leading the gains while United Spirits and Golden Tobacco are leading the losses. According to a leading financial daily, ITC's packaged foods division and personal care business are putting in place strategic plans this fiscal in a bid to sustain the company's growth momentum. ITC is betting big on research & product developments, distribution competencies and consumer engagement strategy to woo new consumers. ITC Foods, for example, is planning to scale up its business by drawing upon the agri-sourcing strength of the e-choupals, in-house cuisine knowledge, product development capabilities, packaging strategy and branding, sales & distribution competencies. ITC Personal on the other hand plans to invest in cutting-edge products, flexible manufacturing and supply chain operations to drive volumes in the soaps, skincare and shampoos categories. ITC's share is trading up by 0.7%.

All except two PSU Bank shares, United Bank of India and Bank of Baroda are trading in red. According to a leading financial news medium, Bank of Baroda (BoB), has reportedly unveiled its National Pilot Agri Loan Factory at Himmatnagar in Gujarat on June 21, 2013. By opening this new factory, the bank would give a boost to the State's agricultural sector. The Agri Loan Factory started off with a sanction of Rs 530 m in advances to the farm sector. Sanctioned cheques were also distributed to top borrowers. With this new 'Loan Factory' the bank would be providing all types of loans related to agriculture under one roof. Recently, the bank announced that it would be charging interest on home loans for new and existing customers at the base rate of 10.25% per annum across all tenures and for any amount. The single rate of interest for all home loan customers got effective from June 01, 2013.

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 share markets remain in red". 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.