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 firm up
Thu, 23 Jan 01:30 pm

After opening in the weak, Indian share markets turned positive in the post-noon trading session. Majority of the sectoral indices are trading in the red with auto, IT and metal stocks being the biggest losers. Capital goods, consumer durable and FMCG are a few stocks trading in the green.

BSE-Sensex is up 27 points and NSE-Nifty is trading 5 points up. BSE Mid Cap is trading 0.3% down while BSE Small Cap index is trading up by 0.2%. The rupee is trading at 61.9 to the US dollar.

Majority of the FMCG stocks are trading in the red with Godrej Consumer and P&G Hygiene being among major losers and Jyothy Consumer and Lakshmi Energy being the biggest gainers. As per a leading financial daily, Dabur announced its results for the quarter ended December 2013. The company's consolidated sales grew by 16.8% backed by 14% growth in domestic FMCG business and 26% increase in international operations. Barring hair care, all domestic product categories reported double-digit growth during the quarter. The operating margin reduced slightly by 0.3% to 17.4% due to higher ad-spends and employee costs, both as a proportion of sales. Net profit grew by 15% on 14.5% rise in operating profit and lower interest outgo. Dabur's stock is currently trading up by 0.4%.

Majority of the large IT stocks are trading in the red with HCL Tech and Mphasis being the major losers. Moser Baer and Info Edge are among the few stocks trading in the green. As per a leading business daily, Wipro has shut down its mobile television business which it had acquired from Nokia in 2009. Lack of technology adoption in Europe along with clash for content with other telecom operators with their own streaming services led to the shutdown. Reportedly, Wipro's telecom business has been facing headwinds in the last three years. Share of revenues from technology, media and telecom services have almost halved to 13.7% from 26% in 2010. Wipro's stock is trading down by 0.9%.

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 firm up". 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.