Helping You Build Wealth With Honest Research
Since 1996. Try Now

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?  

Indian share markets continue in the red
Tue, 8 Jan 11:30 am

Indian share marketscontinued to trade in the red during the previous two hours of trade. In terms of sector indices, barring Healthcare, Auto and FMCG all the other sectors traded negatively.

The Sensex today is down by 15 points and NSE-Nifty today is trading downs by 9 points. BSE Mid Cap and BSE Small Cap indices are trading lower by 0.2% and 0.3% respectively. The rupee is trading at 55.29 to the US dollar.

FMCG stocks are moving northwards today with the BSE FMCG index up by 0.6% in the last two hours of trade. According to a leading financial daily, Marico Ltd plans to demerge its salon business, Kaya into a separately listed firm. Kaya contributed to 7% of Marico's consolidated revenue and had a loss of Rs 29.1 crore at the EBIT level. There were reservations among investors with respect to Kaya's disappointing performance over the last 2-3 years. Thus, it is expected that the splitting of businesses would help improve Marico's (ex-Kaya) valuations. Marico would also combine its consumer products business and international business group for operational cost benefits.

Telecom shares are trading in the green today after the Empowered Group of Ministers (EGoM) on telecom decided to slash the CDMA spectrum reserve price by 30%-50%. Auctions for 800MHz, 900MHz and 1800 MHz would be conducted in March. The Union Government was forced to cancel the auctions in the 800 MHz band in November 2012 after both the potential bidders, Tata Teleservices and Videocon withdrew their applications citing high reserve price. The CDMA airwaves would be sold along with GSM airwaves in the 1800 MHz and 900 MHz bands in March. Vodafone, Bharti Airtel and Idea Cellular have told the government that they would be interested in participating in the auctions if the base price is lowered Idea Cellular is trading at its highest level since June 2008, while Bharti Airtel is up by almost 1%.

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 continue in the red". 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 Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

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 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.