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

Profit booking takes toll
Wed, 26 Sep Closing

Profit booking in key heavyweights from the telecom and commodity sectors led the indices in Indian equity markets languish in the red throughout the session today. Select cement and Pharma sector stocks, however, managed to buck the trend. While the Sensex today closed lower by around 62 points, losses on the NSE-Nifty came in at around 10 points. The BSE Mid Cap and BSE Small Cap indices, however, bucked the trend and ended higher by around 0.3% and 0.6% respectively.

Asian indices across the board closed lower today with Europe too trading in the negative currently. The rupee was placed at Rs 53.54 to the dollar at the time of writing.

FMCG major Hindustan Unilever (HUL), has inked pact with Maharashtra government as a part of its parent company Unilever's sustainable living plan to source all its agricultural raw materials through sustainable practice by 2020. It has entered into a public-private partnership for the first time and started sourcing tomatoes.

The company will also provide farmers with a buy-back guarantee for their produce as part of the sourcing arrangement. Some 579 farmers in Nashik and Pune districts have benefited from the partnership between HUL and state government. It plans to source all 100% of the tomatoes used in its ketchups locally from sustainable sources by 2015 and aims to make India an export hub for parent Unilever.

The telecom department is about to issue show cause notices to GSM operators like Bharti Airtel, Vodafone and Idea Cellular, directing them to scrap their 3G roaming pacts. Since Bharti, Vodafone and Idea had won 3G airwaves in 13, 9 and 11 circles respectively, they were compelled to ink intra-circle roaming pacts to deliver high-speed data services nationally. The telecom department, however, maintains that such 3G roaming pacts are illegal. At present, the maximum fine for a licence violation is Rs 500 m per circle. As per Economic Times, Bharti Airtel, Vodafone and Idea could face penalties to the tune of Rs 5 bn, Rs 4.5 bn and Rs 5.5 bn respectively for unlawfully inking 3G roaming pacts in zones where they don't hold 3G airwaves.

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 "Profit booking takes toll". 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.