Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster

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

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Consumer durable stocks drag markets
Fri, 28 Jan 11:30 am

Indian indices after opening the day in the red slipped further on profit booking in heavy weights over the previous two hours of trade. Stocks from the consumer durable and auto space are trading weak while stocks from the IT space are trading firm.

The BSE-Sensex is down by 209 points while NSE-Nifty is trading 69 points below the dotted line. BSE Midcap and BSE Small cap indices are both down by 2.5%. The rupee is trading at 45.69 to the US dollar.

FMCG stocks are trading weak with Camlin and Dabur leading the pack of losers. However, HUL and Gillette Ltd. are trading strong. Amidst rising input costs, Marico has undertaken several price hikes on its flagship brands Parachute and Saffola. The company has collectively taken a 24% price hike on Parachute over the last two quarters while an additional 8% hike is in the process of being implemented. On Saffola too, the company has hiked the prices by 10-15% over the last two quarters. However, from here on the company has decided to take a hit on margins rather than increasing the product prices and taking a risk of losing market share to rival companies.

It may be noted that the consumer purchases have already been impacted by rising food inflation and if the company decides to further increase prices from current levels, customers may resort to down trading thereby impacting the market share of the company. Hence, it has decided to take a temporary hit on margins in order to keep its market share intact as regaining lost customer is a difficult task than regaining lost margin.

Auto stocks are trading weak led by M&M and Tata Motors. As per a leading financial news company, Tata Motors may expand sales of Nano to Thailand, Sri Lanka and Bangladesh this year. The company is expected to enter these markets one after another. Nano sales are expected to climb to 8,000 to 10,000 units a month soon. It may be noted that the current rate is 6,000 to 7,000 cars a month, up from 509 units sold in November. Sales dipped in November due to increase in price of the unit, long waiting period and concerns regarding fire safety. However, Tata Motors took several measures to boosts sales which have shown positive results. These measures include offering 100% financing to customers who can't afford down payment, doubling of warranty to four years or 60,000 kilometers, running advertisement campaigns and adding sale points. The company also addressed the fire safety concern of the car by offering additional protection in exhaust and electrical systems.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


What else is happening in the markets today? Dig in...

Equitymaster requests your view! Post a comment on "Consumer durable stocks drag markets". Click here!

  

Stock Market Updates

Sensex Trades Marginally Lower, Dow Futures Up by 174 Points (Today's Market)

May 14, 2021 12:30 pm

BSE Sensex is trading down by 29 points, while the NSE Nifty is trading down by 39 points.

Sensex Opens Flat; Asian Paints Rallies 7% Post Q4 Results (Today's Market)

May 14, 2021 09:30 am

Indian share markets open flat. The BSE Sensex opened down by 33 points, while the Nifty is trading lower by 14 points.

ADANI TOTAL GAS Share Price Down by 5%; BSE 500 Index Down 0.1% (Today's Market)

May 14, 2021 09:34 AM

ADANI TOTAL GAS share price is trading down by 5% and its current market price is Rs 1,330. The BSE 500 is down by 0.1%. The top gainers in the BSE 500 Index are ASIAN PAINTS (up 6.7%) and BANK OF INDIA (up 5.7%). The top losers are ADANI TOTAL GAS (down 5.2%) and VINATI ORGANICS (down 7.1%).

JINDAL STEEL & POWER Share Price Down by 5%; BSE METAL Index Down 2.4% (Today's Market)

May 14, 2021 09:32 AM

JINDAL STEEL & POWER share price is trading down by 5% and its current market price is Rs 466. The BSE METAL is down by 2.4%. The top losers are JINDAL STEEL & POWER (down 5.3%) and NMDC (down 5.3%).

BANK OF INDIA Share Price Up by 5%; BSE BANKEX Index Up 0.3% (Today's Market)

May 14, 2021 09:28 AM

BANK OF INDIA share price is trading up by 5% and its current market price is Rs 77. The BSE BANKEX is up by 0.3%. The top gainers in the BSE BANKEX Index is BANK OF INDIA (up 5.2%). The top losers is HDFC BANK (down 0.2%).

GRINDWELL NORTON Share Price Up by 8%; BSE CAPITAL GOODS Index Up 0.4% (Today's Market)

May 14, 2021 09:26 AM

GRINDWELL NORTON share price is trading up by 8% and its current market price is Rs 1,259. The BSE CAPITAL GOODS is up by 0.4%. The top gainers in the BSE CAPITAL GOODS Index is GRINDWELL NORTON (up 7.7%). The top losers are L&T (down 0.3%) and V GUARD INDUSTRIES (down 0.4%).

View More Indian Share Market News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


May 14, 2021 (Close)

MARKET STATS