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Mid-cap & small-cap buck trend
Mon, 11 Mar 01:30 pm

Indian equity markets continued to stagnate around the dotted line in the post-noon trading session. Sectoral indices are trading mixed with consumer durables, IT and banking stocks being the biggest losers. Realty, pharma and FMCG stocks are among the leading gainers.

BSE-Sensex is down 1.3 points and NSE-Nifty is trading down marginally. Both BSE Mid Cap and BSE Small Cap indices are trading up by 0.3%. The rupee is trading at 54.2 to the US dollar.

Most of the automobile stocks are trading in red, with Hero Motocorp and Ashok Leyland being among the leading losers. As per a leading financial daily, car sales have fallen most during Feb 2013 in the last 12 years. The sales have declined by 25.7% YoY. This was the 4th consecutive month, which has witnessed decline in the sales volume. According to data from the Society of Indian Automobile Manufacturers (SIAM), automakers sold 158,513 cars in India in the month of Jan 2013. Car sales were down by 4.6% during the first 11 months of the fiscal year ending in March. Reportedly, car sales in March were unlikely to see major improvement and thus this fiscal is expected to end up in the "negative territory" for the first time since FY03. The country's largest auto makers are facing pressures. Tata Motors is sharply trimming down its production due to fall in sales and pile-up of inventory. Since the past few months, the company has witnessed fall in its market share as competition intensified in the compact car segment. Similar trend is seen in Maruti Suzuki.The company has recently declared that it will suspend petrol car production at its Gurgaon plant. Gurgaon plant is the biggest and the oldest plant for Maruti Suzuki and manufacturers around 1500 to 1800 cars every day, including its largest selling car Alto, M800 and WagonR. The company's diesel cars are also facing slowdown in demand. Its dealers have 1-1.5 month of unsold inventory, an all-time high.

Most of the FMCG stocks are trading in red with Dabur and Emami among the major losers. However, Gillete India and Godrej Consumer are trading in green. As per a leading financial daily, Hindustan Unilever (HUL) has signaled its counter-attack on arch-rival Reckitt Benckiser by launching a print-advertisement. The print advertisement (ad) claims Lifebuoy liquid soap to be better than Dettol antiseptic formulation. Reckitt Benckiser had earlier aired a commercial that showed Dettol kitchen liquid gel to be better than HUL's Vim liquid dishwash. HUL had also filed a petition after which the Calcutta High Court had directed Reckitt to remove controversial portion from its Dettol dishwashing gel ad. According to the Advertising Standards Council of India (ASCI), FMCG companies are adopting all sorts of gimmicks to target consumers. As per Technopak, this round of ad-wars is likely to create buzz in this need-based category where brands have to find ways to gain attraction. HUL stock is up 1.3%.

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Stock Market Updates

The BSE IT Index has hit an all-time high at 14,733 (up 2.1%) (Today's Market)

Jul 16, 2018 10:19 AM

The BSE IT Index has hit an all-time high at 14,733 (up 2.1%). Among the top gainers in the BSE IT Index today are INFOSYS LTD and L&T TECHONOLOGY SERVICES . Meanwhile, the BSE Sensex has surged 0.05% to 36,659.

GODREJ CONSUMER at All Time High; BSE FMCG Index Up 0.4% (Today's Market)

Jul 16, 2018 10:19 AM

GODREJ CONSUMER share price has hit an all time high at Rs 1,350 (up 2.40%). The BSE FMCG Index is up by 0.43%. Among the top gainers in the BSE FMCG Index today are GODREJ CONSUMER (up 2.40%) and NESTLE (up 0.44%). The top losers include COLGATE (down 0.00%) and HATSUN AGRO PROD. (down 0.03%).

INFOSYS LTD at All Time High; BSE IT Index Up 2.3% (Today's Market)

Jul 16, 2018 10:17 AM

INFOSYS LTD share price has hit an all time high at Rs 1,383 (up 5.49%). The BSE IT Index is up by 2.32%. Among the top gainers in the BSE IT Index today are INFOSYS LTD (up 5.49%) and TCS (up 0.39%). The top losers include PERSISTENT SYSTEMS (down 0.09%) and 8K MILES SOFT (down 0.22%).

RELIANCE COMMUNICATIONS plunges by 5%; BSE 500 Index Down 0.4% (Today's Market)

Jul 16, 2018 10:14 AM

RELIANCE COMMUNICATIONS share price has plunged by 5% and its Current Market Price is Rs 13. The BSE 500 is down by 0.35%. The top gainers in the BSE 500 Index are INFOSYS LTD (up 5.03%) and GODREJ CONSUMER (up 1.83%). The top losers are RELIANCE COMMUNICATIONS (down 5.38%) and DR. REDDYS LAB (down 8.75%).

Of Fall in SmallCap Stocks, Infosys Announcing Bonus Issue and Surge in Retail Inflation (Today's Market)

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Jul 16, 2018 12:21 PM

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