X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
Indian Stock Market News, Equity Market and Sensex Today in India | Equitymaster
Investing in India? Get Equitymaster Research  
FMCG, energy pull markets higher 
(Tue, 19 Jun 01:30 pm) 
 
The Indian equity markets were trading well above the dotted line as buying activity increased during the post noon trading session. Stocks from the Oil and gas and FMCG spaces were amongst the investors' favourites today.

The Sensex today is trading higher by about 150 points (up 1%), while the NSE-Nifty is trading higher by about 35 points (up 0.7%). The BSE Mid Cap and BSE Small Cap indices are trading higher by about 0.1% each. The rupee is trading at 55.98 to the US dollar.

Stocks of the Indian pharmaceutical companies are trading firm led by Ranbaxy, Cipla and Glenmark Pharmaceuticals. According to Pharmaceuticals Exports Council of India (Pharmexil), India's pharma exports, including drugs, pharmaceuticals and fine chemicals, recorded a growth of 27% to Rs 600 bn for FY12. The country exports cheap, off-patent drugs to over 200 countries. Hyderabad-based Dr.Reddy's Laboratories is the largest drug exporting company in the country. In recent times, Ranbaxy's export turnover has increased substantially after it launched the generic version of the world' best selling drug Lipitor in November 2011. The company's export earnings from selling Lipitor during the six month exclusivity period iare estimated to be Rs 30 bn.

Geographically, US continues to remain the largest overseas market for the domestic pharmaceutical industry. During the nine-month period April-December 2011, the US market accounted for exports valued at Rs 115 bn.

Auto stocks are currently trading firm led by Mahindra & Mahindra, Ashok Leyland and Escorts. A leading business daily has reported that Tata Motors is planning to stop production of its commercial vehicles plant this month to align production with demand for three days. This is not a new situation for the companies given that it had undertaken block closure in 2008 and 2009, when production was stopped for three and five days respectively. The overall gloomy environment has taken a toll on auto companies in the recent past. To add to that, the recent petrol hikes and news relating to increasing taxes on diesel vehicles have not helped matters as well.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives  RSS
Read the latest Market Commentary
 
BSE-30
 

 
Go
 

Equitymaster requests your view! Post a comment on "FMCG, energy pull markets higher". Click here!

1 Responses to "FMCG, energy pull markets higher"

Ritesh Shete

Jun 19, 2012

Hi,

Request you to please verify the content in the article & the information regarding Volkswagen Group. For more credible & correct information with regards to Volkswagen Group India, please get in touch with me at ritesh.shete@2020msl.com.

Best regards,
Ritesh Shete

Like 
  
Equitymaster requests your view! Post a comment on "FMCG, energy pull markets higher". Click here!
 

Become A Smarter Investor In
Just 5 Minutes

Multibagger Stocks Guide 2017
Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE SENSEX


Jul 26, 2017 03:36 PM

MARKET STATS