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?  

Realty & IT among major gainers
Thu, 4 Jul 01:30 pm

Backed by persistent buying in index heavyweights, Indian share markets continued to soar higher in the post-noon trading session. Barring metal, all the sectoral indices are trading in the green with realty, IT and FMCG stocks being the biggest gainers.

BSE-Sensex is up 205 points and NSE-Nifty is trading 69 points up. BSE Mid Cap is trading up 0.8% whereas BSE Small Cap index is trading up by 0.2%. The rupee is trading at 60.0 to the US dollar.

Majority of the food stocks are trading in the green with Golden Tobacco and ITC being the biggest gainers. As per a leading financial daily, GlaxoSmithKline Consumer Healthcare (GSKCH) is launching Eno brand in the liquid and tablet versions to cement its leadership position in the digestive anatacid market. Eno is presently available in the powder form and has a 41% market share. Eno is growing at 30% per annum and constitutes 7-8% of GSKCH's overall turnover. As per the company, the liquid and tablet formats constitute 55% of the total digestive market in India and thereby presents a huge market potential. GSKCH stock is currently trading 1.2% up.

Most of the telecom stocks are trading in the green with ADC India and AGC Networks leading among gainers. As per a leading financial daily, Bharti Airtel has raised its stake by 2% in all the four Indian broadband wireless access (BWA) entities of Qualcomm AP. As a result all the four entities have become subsidiaries of Bharti Airtel. In May 2012, the company had acquired 49% share in Qualcomm AP's entities in India. The acquisition granted Bharti Airtel licence to offer 4G data services in four circles of Delhi, Mumbai, Haryana and Kerala. Additionally, the company has licence to offer high-speed broadband service in four telecom circles of Kolkata, Maharashtra, Punjab and Karnataka. Bharti Airtel stock is currently trading up by 1.8%.

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 "Realty & IT among major gainers". 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.