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  
Indian markets trade negatively 
(Wed, 12 Aug 11:30 am) 
 
After opening the day on a bearish note, the Indian Indices have continued to trade negatively. Sectoral indices are trading on a mixed note with energy and metal stocks leading the losers. However, software and pharma stocks are trading in the green.

The BSE-Sensex is trading lower 90 points (down 0.33%) and the NSE-Nifty is trading down 38 points (down 0.45%). The BSE Mid Cap index and the BSE Small Cap index are also trading negatively, down by 1% and 0.6% respectively. The rupee is trading at 64.81 to the US dollar.

Stocks in the FMCG sector are trading on a discouraging note with Jyothy Labs and Marico Ltd bearing the maximum burnt. As per an article in Business Standard, price cuts by FMCG companies have failed to boost their Q1 volume growth. This was after they witnessed that a fall in realizations due to price cuts was not compensated by an equivalent rise in volume growth. Of the top 10 FMCG companies by market capitalizations, six saw lower revenue growth as compared to the corresponding year ago quarter. However, falling input costs due to softening of raw materials and crude oil prices have aided strong margin expansion for these companies. Notably, of the above ten, nine saw strong EBIDTA margin expansion.

Indian pharma stocks are trading mixed with Sun Pharma leading the gainers and Dishman Pharma leading the losses. According to financial times, India's largest pharma company by revenue Sun Pharmaceuticals reported a 60% YoY decline in its net profits for the quarter ended June 2015. This was mainly due to the one time and exceptional charges of Rs 6.8 bn which relates to impairment of fixed assets, goodwill and other related costs. All of these were following the acquisition of Ranbaxy. Revenues for the company witnessed a rise of 3% on a YoY basis. Presently the scrip of Sun Pharmaceuticals is trading up by 4.2%.

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

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

 
Go
 

Equitymaster requests your view! Post a comment on "Indian markets trade negatively". 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 21, 2017 (Close)

MARKET STATS