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

Investors favour IT, FMCG stocks
Thu, 20 Sep 01:30 pm

The Indian equity markets continued to trade in a range bound manner during the previous two hours of trade. Currently, stocks from the information technology and FMCG spaces are amongst the most favoured. All other sectoral indices are trading weak with capital goods and metal indices leading the pack of underperformers.

The Sensex today is trading lower by about 130 points (down 0.7%), while the NSE-Nifty is trading lower by about 42 points (0.8%). Stocks from the midcap and smallcap spaces are trading lower with the BSE Mid Cap and BSE Small Cap indices down by 0.6% each. The rupee is trading at 54.33 to the US dollar.

Banking stocks are currently trading weak led by Bank of India, ICICI Bank and Axis Bank. India's largest bank, the State Bank of India (SBI) announced a 0.25% cut in base rate - the minimum rate at which the bank lends to its customers - following the Reserve Bank of India's decision to cut the CRR by 0.25% earlier this week. With this reduction, SBI's base rate stands at 9.75% effective today. While the bank's management expects pressure on net interest margins to a certain extent, it believes that this move would help it grow its business and thus make up for the contraction in margins. As per the company, the lower base rate would impact NIMs by about 4 basis points or 0.04%. This move by the banking major has forced other banks to follow suit.

Auto stocks are currently trading weak led by Hero Motocorp, Mahindra and Mahindra and Bajaj Auto. As per a leading financial daily, Tata Motors has bagged an order to supply 1,314 trucks to Surat-based Sidhhi Vinayak Logistics Ltd. (SVLL). The order book value is estimated to be around Rs 2.2 bn. SVLL is one of the largest corporate logistics service providers with operations in diverse segments like steel, cement, tractors, chemicals and machinery and has pioneered transportation of commercial vehicle chassis. Reportedly the company currently owns a fleet of 3,928 vehicles. Tata Motors had fulfilled its earlier order of 1,111 trucks by 31st March FY12.

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 "Investors favour IT, FMCG stocks". 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.