X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Investing in India? Get Equitymaster Research  
Midcaps & Smallcaps buck the trend 
(Thu, 4 Feb 11:30 am) 
 
After opening on a subdued note, the Indian markets continued to trade weak during the previous two hours of trade. Currently, selling activity is being witnessed among stocks from IT, telecom, and metal and realty sectors. Nevertheless, FMCG, consumer durables and oil & gas stocks are the ones managing to garner investors' interest.

The BSE-Sensex and the NSE-Nifty are currently trading lower by around 93 points and 26 points respectively. However, Stocks from the midcap and small cap spaces are currently trading in the green, with the BSE-Midcap and the BSE-Smallcap indices trading up by 0.1% and 0.5% respectively. The rupee is trading at 46.10 to the US dollar.

According to a leading business daily, Indian IT major HCL Technologies has signed up a strategic partnership with nMetric, a California based small IT products company specializing in solutions for production and physical logistics. The deal aims at providing intelligent shop-floor solutions for automotive manufacturers. The HCL's comprehensive automotive solution together with nMetric's expertise will be able to design solutions to help automotive manufacturers improve their operations by automating and monitoring complex factory processes.

It may be noted that HCL derives around one-fourth of its revenues from the manufacturing sector and has been lately facing trouble on account of global slowdown in the segment. We believe that this partnership will aid HCL in expanding its ability to provide innovative IT solutions to the global auto industry which has started to see some signs of recovery.

As per a leading business daily, the world's largest drug maker Pfizer has identified China, Brazil, India, Mexico, Russia and Turkey as key emerging markets for the company. Recently, the company hinted about its plans to increase its presence in these fast-growing underdeveloped markets. It expects them to eventually yield solid profits. The company is particularly upbeat about the Chinese market which is growing at the rate of 25 to 28%, much faster than the other emerging markets which are growing at 12% to 14%.

As for India, the company has forayed into branded generics in a bid to gain access to a wider market and bolster sales. It has already launched two products in this category. Pfizer is also looking to increase its reach to doctors and the focus will be more on metros and tier I, II, III and IV cities before it ventures into rural areas. Stocks from pharma space are trading in red currently.

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

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "Midcaps & Smallcaps buck the trend". Click here!

1 Responses to "Midcaps & Smallcaps buck the trend"

T.R.SUDARSAN

Feb 4, 2010

sir,
I need your guidance midcap

Like 
  
Equitymaster requests your view! Post a comment on "Midcaps & Smallcaps buck the trend". Click here!
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Aug 18, 2017 (Close)

MARKET STATS