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 volatile
Mon, 3 Nov 01:30 pm

Indian share markets continued to remain volatile in the post-noon trading session. While stocks from Auto and consumer durables witnessed the maximum selling pressures, realty and capital goods' stocks remained in good stead.

BSE-Sensex is down 35 points and NSE-Nifty is trading lower by 10 points. BSE Mid Cap is trading 0.8% up and BSE Small Cap index is trading up by 1.0%. The rupee is trading at 61.35 to the US dollar.

Most of the food & tobacco stocks are trading in the green led by Golden Tobacco and Sterling Biotech. United Spirits and Agro Tech Foods are among the few stocks trading in the red. As per a leading financial daily, Tata Global Beverages Ltd (TGBL)has recently launched a new variant of green tea 'Tata Tea Acti Green' to tap the smaller cities and towns. The launched product is offered in small packaged quantities and is priced accordingly to target first-time users. According to the company, the total tea market is valued at Rs 180-200 bn out of which green tea has a 1.5% market share of around Rs 2.5 bn. The green tea market is growing at a fast clip of 50% and is likely to reach Rs 4 bn by FY15. Presently TGBL is a leading player in the domestic tea industry with a 20% market share. The new launch will further consolidate the company's market share. The company also sells green tea under the acquired Tetley brand that caters to the high-end customers in big cities. TGBL stock is trading up 1.7% today.

Barring few such as TVS Motors and Mah. Scooters that top the gainers list, most of the automobiles stocks are trading in the red today. M&M and Hero Motocorp are leading the pack of losers. As per a leading business daily, despite being a festive month, October witnessed weaker-than expected sales by leading automobile companies. The total sales of Maruti Suzuki stood at 103,973 units, down 1.1% from 105,087 units in October last year. Sales of Hero MotoCorp Ltd fell 8% to 575,056 units as compared with 625,420 a year ago. Mahindra and Mahindra Ltd too reported a 15.7% decline in its sales to 40,274 units, while Tata Motors Ltd posted a 17% decline in sales to 38,760 units. Bajaj Auto reported sales of 386,017 units in October compared with 399,450 units in September. Car sales, overall, declined by marginal 1% in September to 1.5 mn units.

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 volatile". 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.