Indian Indices Open Flat

Thu, 25 Aug 09:30 am

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Major Asian stock markets have opened the day on a mixed note with the stock market in China is trading lower by 1%. While, the stock market in Indonesia is trading higher by 0.5%. Benchmark indices in Europe ended their previous session in green with stock markets in Germany ending the day higher by 0.3%. The rupee is trading at 67.05 per US$.

Indian stock markets have opened the day on a flattish note. The BSE Sensex is trading higher by 53 points (up 0.2%) and the NSE Nifty is trading higher by 17 points (up 0.2%). Both, BSE Mid Cap and BSE Small Cap too are trading higher by 0.4% each.

Major sectoral indices have opened the day on a positive note with stocks from <>pharmaceutical sector are witnessing maximum buying interest.

As per an article in Livemint, Tata Global Beverages Ltd is looking to enter the dairy business. The company now wants to expand beyond its tea, coffee and bottled water business.

Tata group chairman, Mr Mistry stated that there are plenty of opportunities in the dairy business, particularly in India. However, he said that there is no immediate time frame for the launch of dairy products.

Reportedly, dairy business is attracting a lot of new entrants. Biscuit maker Britannia Industries Ltd is preparing to launch its dairy products. ITC Ltd, which produces cigarettes and other consumables, has also recently entered the business.

In addition to this, there is already a lot of existing competition from established players such as Amul, Parag Milk Food Ltd, Kwality and other local players.

The company is also looking to increase its presence through the e-commerce sector. Further, the company is looking to restructure its loss making operations with its Chinese joint venture.

Going forward, diversification in the dairy business coupled with traction from the existing business in the foreign market will be the key things to watch out for. The stock is trading up by 3.5%.

In another news update, Union Cabinet has approved nine projects to ramp up and decongest key routes for rail traffic in the freight as well as passenger segments. The expected expenditure to be incurred on these projects is pegged at Rs 243.7 billion.

Reportedly, beneath this project the Indian railways will lay tracks of a total length of 1,937 kilometers. The construction of these lines will facilitate easier movement of freight items such as steel, coal and cement.

In other news pertaining to Indian Railways, the railway minister has revised freight rates for coal. The freight rates for transportation of coal is set to get expensive for the plants located at a 200-700 km distance away from the mines.

Whereas, for the plants situated at a distance above 700 km, the freight rates are set to reduce. Reportedly, freight rates for transportation of coal were raised by 8-14% between 200km and 700km and were lowered by 4-13% for distances above 700km.

As coal is largely used in thermal power plants, a spike in the freight cost may in-turn leads to an increase in tariffs. Experts believe that around 60% of the power plants in India need to transport coal for 200-700km, where there is an increase in the freight rate.

This may not bode down well with the power producers who are already facing subdued demand from the State Electricity Board (SEBs). An increase in tariff could possibly act as a dampener for the SEBs to buy power from the power producers.

An announcement you miss at your own peril

Long term investing is fine, but make no mistake, even the best of companies need a favorable economic environment to work their magic.

Which is why it is very important for government to do its job in terms of moderating inflation, push through reforms and provide sufficient job opportunities

However, is the Indian Government up to it? Well, we have an important announcement to make in this regard.

Vivek Kaul, who you all know as the editor of The Vivek Kaul Dairy, has spotted a trend which he thinks has the potential to derail India's long-term growth story.

And in the process, impact YOU. Significantly.

Now, Vivek has been working on these developments, along with Bill Bonner, for some time now...and he is finally ready to share them with you.

In fact, as you read this, Vivek has just come out with a full note that details all...including how this trend could impact you.

Click here to know more.

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

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