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?  

Midcaps & smallcaps outperform
Thu, 2 Jul 11:30 am

After opening flat, the benchmark indices have traded marginally above the dotted line in the morning session. However, midcaps and smallcaps have surged upwards. Buying interest is highest in auto and energy stocks.

The BSE-Sensex is trading up by 51 points (0.18%) and the NSE-Nifty is trading up by 18 points (0.20%). The S&P BSE Midcap index is trading up by 91 points (0.84%), while the S&P BSE Smallcap index is trading up by 110 points (0.97%). The rupee is trading at 63.55 to the US dollar. Gold and Silver are trading at Rs 26,335 per 10 grams & Rs 35,235 per kilogram respectively.

Stocks in FMCG sector are trading on a mixed note with Emami trading up by 2% and Dabur trading up down 0.6%. Nestle India is making plans to re-launch its instant noodles brand 'Maggi'. The Bombay High Court allowed Nestle India to export Maggi noodles but did not lift the ban on its local sales. The matter will be resolved by the High Court within a period of three to six months as per experts and analyst. Assuming to get a positive order from Bombay High Court they have conducted an internal survey. A mail has been forwarded to all the employees of the company asking them their feedback on how the brand 'Maggi' could be rebuilt. Nestle India has created a dedicated web page for this purpose which is not visible to outsiders. The thought behind it is to generate a lot of ideas which could help the company to deal with the current crisis. Nestle India is trading up 2.5%.

Stocks in Engineering sector are trading on a mixed note with Larsen and Toubro (L&T) trading down by 0.2% and Welspun Corp trading up by 1.4%. Competition Commission of India (CCI) has cleared Advent and Temasek's proposal to buy stake in Crompton Greaves worth Rs 20 bn. Under the proposed deal, both the players combined would snap up 34.37% stake in Crompton Greaves. Before giving its approval, CCI had sought clarification regarding the five year non-compete restrictions clause which was mentioned in the share purchase agreement. However CCI granted nod to the acquirers, only on modifications of the non-compete restriction terms by reducing the same from five to three years. Crompton Greaves is trading up by 1.2%.

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 "Midcaps & smallcaps outperform". 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.