Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2018 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
  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Indian share markets open firm
Tue, 5 Aug 09:30 am

Barring Singapore (up 0.2%), major Asian stock markets have opened the day on a weak note with stock markets in Taiwan (down 1.6%) and Malaysia (down 0.4 %) leading the losses. The Indian share markets have opened the day on a positive note. Majority of the sectoral indices have opened on a firm note with healthcare and FMCG stocks leading the gains. However, realty and capital goods stocks are trading weak.

The Sensex today is up by around 45 points (0.2%), while the NSE-Nifty is up by about 14 points (0.2%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.2% and 0.4% respectively. The rupee is currently trading at Rs 60.98 to the US dollar.

Majority of FMCG stocks have opened the day on a firm note, with Marico Ltd and Kokuyo camlin being the leading gainers in the pack. As per the financial daily, Marico is looking to advance its operations in the emerging markets. Reportedly, the company is aiming to double its sales in next four years and will focus more on emerging markets of Asia and Africa to fuel its growth. Categories like hair, food, and wellness products are expected to be the major contributors. The company at present has operations in Bangladesh, Egypt, the Middle East, South Africa, Malaysia and Vietnam, and now it is also looking at expanding in other global geographies. For the upcoming period, the company expects growth from its international market in the range of 14-15%. Currently, international markets contribute approx 16% to the company's top line. Over and above, the company is not looking for any acquisitions in the international markets and will focus on organic growth.

Majority of Indian pharma stocks have opened in green with Aurobindo Pharma and JB Chemicals being the leading gainers. As per the financial daily, Sun Pharma and Ranbaxy Laboratories are expected to control around 40% market for 25 drugs post Ranbaxy's acquisition by Sun Pharma. Reportedly, for nine drugs the market share of the merged entity will be more than 65% and for another 15, the market share will be approximately 60%. In addition, there are 11 drugs in which the Sun-Ranbaxy combine will enjoy a 33-40% market share. In all, the two companies have 128 common formulations. Recently, the Competition Commission of India (CCI) has raised some concerns over the merger. This was largely because the deal is expected to increase market domination by one company. This in turn will impact the prices of essential drugs in the domestic market. Reportedly, the CCI can ask the companies to divest its brands to other players in order to relax the higher control in some categories.

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

Read the latest Market Commentary

Equitymaster requests your view! Post a comment on "Indian share markets open firm". Click here!


Small Investments
BIG Returns

Zero To Millions Guide 2018
Get our special report, Zero To Millions
(2018 Edition) Now!
We will never sell or rent your email id.
Please read our Terms