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 stock markets inch higher
Mon, 15 Jun 11:30 am

After opening the day in the green the Indian stock market indices have surged higher. Buying interest is seen in Sun Pharma, Larsen & Toubro and Wipro.

The BSE-Sensex is trading up by 145 points (0.55%) and the NSE-Nifty is trading up by 34 points (0.43%). The BSE Mid Cap index is trading up by 0.50%, while the BSE Small Cap index is trading up by 0.73% today. The rupee is trading at 64.11 to the US dollar. Gold and Silver are trading at Rs 26,904 per 10 grams & Rs 36,646 per kilogram respectively.

Stocks in the FMCG sector are trading on a mixed note with ITC trading up by 0.37% and Nestle trading down by 1.76%. With Maggi off the shelves, competitors are eyeing to capture the space of instant noodles market. Maggi had 65% market share in India's instant noodles market, followed by ITC's Yippee, which holds 18% market share. ITC, which sells Yipee noodles under its Sunfeast brand, has taken the route of direct communication to push the sales. Leaflets are being distributed to the consumers stating Yippee's quality and safety standard assurance. The leaflets state that stringent tests are conducted on their food products at ITC'S NABL (National Accreditation Board for Testing and Calibration Laboratory) and by Food Safety and Standards Authority of India (FSSAI).

Stocks in the automobile sector are trading on a mixed note with Mahindra & Mahindra (M&M) trading up by 1.98% and Tata Motors trading down by 0.11%. M&M is expected to launch a new light commercial vehicle named Jeeto by the end of this month to compete with India's largest automobile company Tata Motors' popular mini-truck Ace Zip. It is noteworthy that Tata Ace has 78% market share even after seven years of its launch. Tata Ace Zip has a payload capacity of 600 kgs and a turning radius of 3.5 meters. M&M has witnessed a decine in sales in the light commercial vehicle segment during the last two years and is hoping that it will see a turnaround with the new model coming in and cashing in on an expected rebound in the market.

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 stock markets inch higher". 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.