Indices Flat Ahead of Monetary Policy

Tue, 9 Aug 09:30 am

   Previous Close   

   Pre-Open   

   11:30 am   

   01:30 pm   

   Closing   

Major Asian stock markets have opened the day on a positive note. The stock markets in Japan and China are trading higher by 0.3% each. Benchmark indices in Europe ended their previous session on a positive note with stock markets in Germany ending the day higher by 0.6%. The rupee is trading at 66.85 per US$.

Indian stock markets have opened the day on a flattish note. The BSE Sensex is trading marginally lower by 24 points (down 0.1%) and the NSE Nifty is trading marginally higher by 1 point (up 0.01%). While BSE Mid Cap and BSE Small Cap are trading marginally lower by 0.05% and 0.01% respectively.

Major sectoral indices have opened the day in red with stocks from fast moving consumer goods (FMCG) and information technology sector are witnessing maximum selling pressure.

Hero MotoCorp reported its results for the quarter ended June 2016. The net profits of the company grew by 18.3% YoY to Rs 8.8 billion during the quarter. Further, sales grew by 7.7% YoY to Rs 80.1 billion during the quarter.

The company stated that the sales grew on the back of demand recovery in the rural area. Reportedly, rural sales grew by 7% YoY during the quarter. The company stated that the rural consumption pattern is recovering on the back of a good monsoon. To add to this, implementation of the seventh pay commission too is expected to boost the demand for the company's two-wheelers in the urban areas.

The company's operating margins too increased by 1.54% to 16.63% on the back of a good product mix with higher growth in scooter sales as compared to the motorcycles.

The statement given by the company with regards to rural recovery is quite contradictory to what Maruti Suzuki India stated after its results. Maruti Suzuki stated that the sentiment in rural India had not recovered. Hence, a sustainable revival in rural demand will be the key things to watch out for going forward.

Colgate-Palmolive Ltd too reported its results for the quarter ended June 2016. The net profits grew by 8.4% YoY during the quarter. The company surprised the street on the volume growth front, which had remained subdued since a while now. The company's volumes grew by 6% YoY during the quarter.

Further, in order to tackle the competition the company has strengthened its portfolio in the natural segment with two new launches- Colgate Sensitive Clove and Colgate Cibaca Vedshakti. The company has also marginally recovered its lost market share by 0.6% which now stands at 55.9%.

However, the growth in the volumes has come on the back of increased advertisement and promotion costs. The company has contracted some big celebrities to help achieve to do. Owing to higher promotional expenses, the operating margins declined by 1% YoY to 20.9% during the quarter.

Competition from Patanjali and other players like Himalaya coupled with the traction for new products will be the key things to watch out for the company going forward. The stock is trading down by 3%.

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

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers