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 remain in red
Wed, 5 Jun 11:30 am

Indian share markets have remained in red during the previous two hours of trade. realty and oil and gas sectors are leading the gains while information technology and FMCG are facing the maximum selling pressures.

The BSE-Sensex is down by 55 points and NSE-Nifty is down by 21 points. BSE Mid Cap index is down by 0.1% while BSE Small Cap index is up by 0.1%. The rupee is trading at 56.43 to the US dollar.

The FMCG sector continues to deliver a mixed-bag performance in the past two hours of trade. Lakshmi Energy and Emami Ltd. lead the pack of winners, while Archies Ltd., and Godrej Consumer are facing the maximum selling pressures. The country's largest FMCG company, Hindustan Unilever (HUL) joins the Rs 1000-crore plus club with brands such as Dove, Pond's and Clinic Plus surpassing the above mark in term s of annual sales in FY13. These three brands now join the others such as Rin, Surf Excel, Wheel, Brooke Bond, Lux, Lifebuoy and Fair and Lovely in the Rs 1000-crore club that forms more than 60% of HUL's annual sales of Rs 258 bn. With this, HUL has succeeded in recording the highest operating margin for the decade at 20% for FY13. The Management is confident of maintaining the robust growth in sales. HUL's share is trading down by 0.1%.

The PSU banking sector is showing up a mixed performance in the last two hours of trade. The leading gainers are UCO Bank and Syndicate Bank, while the maximum losers are Canara Bank and Corporation Bank. In the private banks space, the leaders are J & K Bank and Karur VYsya Bank, while the maximum losers are ICICI Bank and City Union Bank. The state lender, Bank of Baroda (BOB) on 4th June 2013 has declared a single rate of interest at 10.25% for all its home loan products. According to the bank statement as reported by leading financial daily, the rate revision will be effective from 1st June 2013, and will be applicable to borrowers irrespective of tenure or quantum of loan. This has come in light of initiatives from RBI with respect to monetary policy softening measures starting this calendar year 2013. The largest private sector lender, ICICI Bank witnesses a sharp fall in retail NPAs in FY13 indicating abatement of asset quality pressures for the lender. With the change in asset portfolio mix backed by selective unsecured lending and stringent underwriting norms, ICICI Bank has succeeded in reducing retail NPAs to almost 60% in FY13 from 80% a year ago.

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 remain in red". 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.