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?  

Metals weigh heavy on markets
Mon, 19 Apr 11:30 am

Indian markets failed to recover from the range-bound activity during the previous two hours of trade as index heavyweights continued to remain under pressure. While stocks across sectors are being subject to profit booking, stocks in the metals space seem to be particularly out of favour.

BSE-Sensex is trading lower by 241 points while NSE-Nifty is trading 79 points below the dotted line. BSE-Midcap Index is down by 1.5% while the BSE-Smallcap index is trading 1.7% below last week’s closing. The rupee is trading at 44.58 to the US dollar

According to a leading financial daily, P&G has filed a petition for contempt of court against HUL. This is the next round of the Rin-Tide advertisement face-off. The point in contention is the new advertisement being aired for Rin. Although, unlike the last advertisement for Rin, the name of the competing brand is not shown, the models used are the same. This is providing a clear association with the previous advertisement. It may be recalled that HUL launched its first combative advertisement with Rin openly challenging P&G’s Tide. P&G had filed a court case and had got HUL to stop airing the advertisement. It looks like the fight for the Rs 45 bn detergents market is set to become even dirtier.

HDFC Ltd. has renewed its teaser home loan offering with a dual rate scheme. This is seen as a step by the company to protect its market share. The company’s biggest competitor, SBI had previously extended its teaser home rates till end of April. It may be recalled that most banks had stopped the special home rate schemes in January when the interest rates had started showing a rising trend. However, SBI and HDFC had continued with these schemes.

HDFC has chosen a short tenor for its special loan scheme as it expects a policy hike to come through with the monetary policy being announced on the 20th April. Loan disbursement for HDFC has been its best in March 2010 making it the top private lender. Nevertheless, this teaser home rate may pressurise the company’s NIMs as well as having an impact on NPAs in the medium term.

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 "Metals weigh heavy on markets". 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.