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?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

End of Year Sale!
Grab Our Small Cap Recommendation
Service at a 60% Discount




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 hold on to gains
Mon, 26 Dec 01:30 pm

Indian stock market indices sustained gains in the last two hours of trade. All sectoral indices are trading in the green with IT and capital goods stocks leading the pack of gainers.

The BSE-Sensex and NSE-Nifty are trading up by 217 points and 62 points respectively. BSE Mid Cap and BSE Small Cap indices are trading strong by 0.8% and 1.0% respectively. The rupee is trading at 52.75 to the US dollar.

The stocks from the FMCG sector are mainly trading in the green led by Henkel India and Camlin Ltd. The growing importance of modern-retail format is slowly attracting small and regional FMCG brands. As per a leading financial daily, ayurvedic products maker Baidyanath Ayurvedic Bhawan has tied up with the Future Supply Chain to increase its presence in more than 2,000 outlets. The company's ayurvedic products face competition from the likes of Dabur and Emami. Regional brands such as Nilon's pickles and Wagh Bakri tea have more than trebled their revenue shares from organised retail to 15% and 30% respectively. Even brands such as Super-Max shaving products, Dukes biscuits and Jyothy Labs have garnered sizeable market shares in the modern retail format. This augurs well for the retail industry as FMCG companies increasingly make use of this format to push their products.

Stocks from the Energy sector are trading mixed with Essar Oil and Cairn India India leading the gainers and Indian Oil Corporation (IOC) and Gujarat State Petronet Ltd trading the weakest. As per a leading financial daily, Gail has outlined plans to set up RLNG (re-gasified liquefied natural gas) terminal in the Krishna-Godavari Basin. As per the management, it will start with establishing a floating terminal, followed by a land based terminal in Andhra Pradesh through Andhra Pradesh Gas Distribution Corporation (APGDC), in which GAIL has 50% equity stake. The terminal is expected to ensure steady gas supplies to industries in the state. The PCPIR (Petroleum, Chemicals and Petrochemicals Investment Region) which is to be established along the Vizag-Kakinada corridor is expected to be one of the biggest beneficiaries of the terminal gas supplies. The project has got State Government's backing in the form of technical support, land and other clearances. The stock was trading in the green.

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 hold on to gains". 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.