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Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
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Bharti targets international markets 
(Thu, 14 Jan 01:30 pm) 
 
Indian markets pared its gains in the last two hours of trade. Buying activity has been witnessed in the Oil and Gas and consumer durable space while stocks in the IT and FMCG space are trading in the red.

The BSE-Sensex and the NSE-Nifty have lost most of the opening gains. While trading above the dotted line, the BSE-Sensex is up by 26 points, the NSE-Nifty is up by 13 points. BSE-Midcap Index is trading up by 52 points while the BSE-Smallcap index is up by 110 points. The rupee is trading at 45.46 to the US dollar.

With the Indian mobile phone market getting more competitive, Bharti Airtel has shifted its focus to the international markets. The company has moved its current CEO Mr. Manoj Kohli to its newly created international division to spearhead its global play. This move signals the company's renewed focus on the International markets and an indication of the company's business outlook. Mr. Kohli was instrumental in Bharti's meteoric rise. We believe that he has been placed in the international division so that he can replicate the domestic success internationally. In the coming days, we are likely to witness a surge in the company's investment in emerging markets. Mr. Kohli has been replaced by Mr. Sanjay Kapoor who held the post of the deputy CEO in the company.

One of the top losers in the market today is HUL. The company had been suffering from the loss of market share over the last few quarters. This resulted in the stock sitting out of the consumer goods stock rally. Moreover, according to a leading daily, the December quarter has seen a lower consumer offtake as compared to the corresponding period last year. This slow down comes on the back of rising commodity prices which has forced households to adjust their expenses on consumer goods. The category which has witnessed the biggest slowdown is soaps and detergents. HUL derives a majority of its revenue from this segment. Furthermore, higher advertisement spending has put pressure on the company's margins. We believe HUL's results could be subdued this quarter

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Apr 27, 2017 12:28 PM

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