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 stock markets weaken
Thu, 13 Dec 01:30 pm

Selling pressures in index heavyweights saw the Indian stock markets slipping below the dotted line in the post noon trading session. Majority of the sectoral indices are trading positive with auto, banking and realty stocks being the biggest gainers. FMCG, consumer durable and capital goods are among the few stocks trading negative.

BSE-Sensex is down 39 points and NSE-Nifty is trading down marginally. Both BSE Mid Cap and BSE Small Cap indices are trading up by 0.2% each. The rupee is trading at 54.2 to the US dollar.

FMCG stocks are trading mixed with Henkel and Marico being the major gainers and Emami and Hindustan Unilever Limited (HUL) being among top losers. According to leading financial daily edible oil companies, in a bid to de-risk their commodity business and improve margins, are diversifying into fast moving consumer goods (FMCG). This move comes in the backdrop of a stringent Food Safety Act that is leading to a shift from loose to packaged food items. Sanwaria Agro has already expanded into salt & soya nuggets and is contemplating to enter ready-to-eat pasta in future. Ruchi Soya Industries is focusing on the margarine category with Nutrela table spread having zero cholesterol. Adani Wilmar is extending its product profile to include branded pulses, rice and spices and has also launched health products such as Fortune rice bran health oil. Kamani Oil Industries which has its Riso brand of rice bran oil wants to introduce more healthy edible oils such as Omega 3 oils in future.

Realty & construction stocks are trading mixed with PVP Ventures and Phoenix Mills being the biggest gainers and BL Kashyap and D S Kulkarni being the biggest losers. A leading business daily has reported that construction major IVRCL has entered new segments such as mining, railways and metro rail. It is also reported that the company is looking at increasing business from overseas. These moves are part of the IVRCL's strategy to de-risk itself on an overall basis. Over the past few quarters, the company has been facing tough times on accounts of delays, especially in the build, own transfer (BOT) space, for which it has shifted focus on the engineering, procurement and construction (EPC) business for the time being. At the end of the October 2012, the company's order book stood at Rs 264 bn. IVRCL stock is down 1.4%.

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 stock markets weaken". 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.