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 in the green
Fri, 2 May 09:30 am

The major Asian stock markets have opened the day on a mixed note with stock markets in Japan (down 0.4%) and Singapore(down 0.4%) leading the losses. However, the stock markets in Taiwan (up 0.8%) and Hong Kong (up 0.5%) were leading the gains. The Indian share markets have opened the day on a firm note. All sectoral indices have opened in the green with stocks in the consumer durables and banking sector leading the gains.

The Sensex today is up by around 105 points (0.5%), while the NSE-Nifty is up by about 24 points (0.4%). The midcap and smallcap stocks have opened in the green as well with BSE Mid Cap and BSE Small Cap cap indices up by around 0.8% and 1.0% respectively. The rupee is currently trading at Rs 60.10 to the US dollar.

Energy stocks have opened mixed with Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) leading the gains. However, Cairn India Ltd and Jindal Drill Ltd were facing selling pressure. Petronet LNG Ltd (PLNG) has announced results for the quarter and year ended March 2014. The company has reported around 23.2% year on year (YoY) growth in the revenues during the quarter. The capacity utilization at Dahej terminal stood at 96%. The operating profits for the quarter declined by 10.6 % YoY, with margins at 3.7% as compared to 5.1% in the corresponding period last year. The net profit for the quarter declined by 31% YoY with net profit margins at 1.6% versus 2.9% in the corresponding period last year. The decline was mainly on account of high depreciation expenses and interest expenses, due to lower capacity utilization at Kochi terminal. For FY14, the revenues and net profit were up 20% YoY and down 38% YoY respectively.

FMCG stocks have opened mainly in the green with Marico Ltd and Archies Ltd leading the gains. Marico Ltd has announced results for the quarter and year ended March 2014. The net sales for the quarter grew 17% YoY. As per the management, the growth rates of various segments have come down due to a weak demand environment, thus impacting the company's overall growth. The company's domestic business expanded 16% YoY, driven by 6% YoY volume growth and price hikes across its product portfolio. Its international business grew 21% YoY in value. Despite just 0.7% YoY growth in the promotion expenditure, the operating profit margin expanded by around 1.7%. The net profit for the quarter declined by 20% YoY, as the corresponding quarter last year's profit was boosted by an exceptional gain.

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 in the green". 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.