FMCG Stocks Out of Favour

Mon, 29 Feb 01:30 pm

   Previous Close   

   Pre-Open   

   09:30 am   

   11:30 am   

   Closing   

After opening the day flat, the Indian indices became volatile, ahead of Budget. With no big bang reforms announced, the indices have slipped in the red. Sectoral indices are trading mixed with stocks from the FMCG and IT sectors leading the losses. Banking and oil & gas sectors are leading the gains.

The BSE Sensex is trading down by 19 points (0.1%) and the NSE Nifty is trading down by 4 points (0.1%). The BSE Mid Cap index is trading up by 0.1% while the BSE Small Cap is trading up by 0.2%. Gold prices, per 10 grams, are trading at Rs 29,620 levels. Silver price, per kilogram, is trading at Rs 36,048 levels. Crude oil is trading at Rs 2,260 per barrel. The rupee is trading at 68.48 to the US$.

With rising taxation becoming the norm, the cigarette industry was faced with another round of hikes this year. In the Union Budget 2016, the excise duty on tobacco products has been increased by 10-15%.

Cigarette industry has been witnessing lower volumes in last few quarters. This due to multiple excise duty hikes initiated by the government for four consecutive years. In financial year 2015-16, excise duty was hiked 25% for cigarettes with lengths less than 65mm and increased by 15% for lengths above 65 mm.

The Finance Minister Arun Jaitley announced a 1% additional tax on cars costing above Rs 10 lakhs. Further, in a move aimed at checking pollution and encouraging use of hybrid cars, FM Jaitley also announced that a 1% infra cess will be levied on small petrol cars. A 2.5% infra cess will be imposed on diesel cars. Also, a 4% additional levy will be imposed on high-capacity passenger vehicles and SUVs.

There was a minor relief for the common man , after the Budget announced that the tax relief on House Rent Allowance (HRA) will be raised from Rs 24,000 per annum (p.a.) to Rs 60,000 p.a.

The Budget retained FY16 fiscal deficit target at 3.9% of GDP. Further, the fiscal deficit target for FY17 was kept at 3.5%.

From focus on agriculture to tax and financial sector reforms, Jaitley outlined nine pillars to transform India. These were-

• Agriculture and farmer welfare. The Budget announced to double farmers' income in the next five years.
• Rural sector
• Social sector, including healthcare
• Educational skills and job creation
• Infrastructure investment
• Financial sector reforms
• Governance reforms and ease of doing business
• Prudent management of government finances
• Tax reforms to reduce compliance burden

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

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers