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 markets remain in the red
Tue, 10 Jun 01:30 pm

Indian stock markets continued to trade below the dotted line during the previous two hours of trade led by consistent selling among the Index heavy weights. However, the mid and small caps stocks have pared some of their losses. Selling activity is led by stocks from realty and power sectors.

The BSE-Sensex is trading down by 119 points and the NSE-Nifty is trading down by 39 points. The BSE Mid Cap index is trading down 0.5% and the BSE Small Cap index is trading down 0.1% today. The rupee is trading at 59.26 to the US dollar.

Food & Tobacco stocks are trading mixed today. While Golden Tobacco and Tata Global Beverages are trading higher, ITC is trading on a weak note. As per a leading business daily, Tata Global Beverages plans to stick to its core business of tea, coffee and enhanced water to exploit the full potential. The company doesn't want to foray in to production of beverages like energy drinks, fruit juices and carbonated drinks over the next 5 years at least. Its wants to increase its revenue size in the coffee segment which is pegged at just 20% to its total revenues as compared to 70% from tea. As compared to tea, the per capita coffee consumption in India is still lower than the world average. The company has a joint venture with Starbucks in the coffee segment. The joint venture would be expanding its cafes network from the current size of 46 outlets in India.

Most of the PSU banking stocks are trading lower. Union Bank of India is leading among the losers, Allahabad Bank is trading firm. As per a leading business daily, government owned Union Bank of India expects its total business to grow by around 12% in FY15 from Rs 5,320 bn in FY14. Notably, the bank's business in FY14 grew by about 11.5% YoY. The bank believes that rising NPAs which is its major area of concern is expected to fall on account of overall improvement in the Indian economy. The bank's net NPA increased to 2.3% in FY14. With respect to expansion and offering in the rural areas, the bank's management remains committed. It plans to increase its rural network to 600 by March 2015.

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 markets remain in the 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.