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 open firm
Wed, 30 Jan 09:30 am

Barring Malaysia (down 1.0%), most Asian stock markets have opened the day on a firm note with stock markets in Japan (up 1.1%) and Hong Kong(up 0.7%) leading the gains. The Indian share market indices have opened the day on a firm note. All sectoral indices have opened in the green with stocks in the realty and consumer durables space leading the gains.

The Sensex today is up by around 61 points (0.3%), while the NSE-Nifty is up by around 17 points (0.3%). The mid and small cap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.4% and 0.3% respectively. The rupee is trading at Rs 53.45 to the US dollar.

FMCG stocks have opened the day on a firm note with Hindustan Unilever Ltd (HUL) and Colgate Palmolive leading the gains. FMCG major Dabur India Ltd has announced its results for the third quarter of financial year 2013 (3QFY13). The revenues for the quarter registered a 12% year on year (YoY) growth. This was led by double digit growth across all the segments. As per the management, the growth in the topline would have been higher if not for the fall in international sales. The operating margins for the quarter were up by around 100 basis points (1%) on a YoY basis. This was mainly due to controlled input costs and lower other expenses for the quarter. As per the management, the organic international business witnessed margin expansion during the quarter. The net profits for the quarter were up by 22% YoY.

Telecom stocks have opened the day on a mixed note with Tata Communications Ltd leading the gains. However, Idea Cellular Ltd and Bharti Airtel Ltd have opened in the red. Idea Cellular Ltd has announced its results for the third quarter of the financial year 2013. The revenues for the quarter were up by 11% on a year on year basis (YoY). This was mainly on account of a growth in the subscriber base as well as by higher minutes on the network (on an absolute basis) during the quarter. The average realized rate per minute (ARPM), a key metric for telecom network operators, fell to Rs 0.411 in December quarter from Rs 0.413 in 2QFY13. The operating profit margins for the quarter stood at 26.4%, down from 26.7% in 3QFY12. The consolidated net profits for the quarter were up by 14% on a year on year (YoY) basis. Adverse currency movement led to a foreign exchange loss of Rs 133 m during the quarter.

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 open firm". 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.