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?  

Indian share markets remain staid
Wed, 22 Aug 01:30 pm

Led by persistent selling in the index heavyweights Indian share markets continued to hover below the dotted line in the last two trading hours. Majority of the sectoral indices are trading negative with power, oil and gas and realty stocks leading the pack of losers. Pharma, auto and IT are among the handful of stocks trading in the green.

BSE-Sensex is down 35 points and NSE-Nifty is trading down 3 points. Both BSE Mid Cap and BSE Small Cap indices are marginally up. The rupee is trading at 55.4 to the US dollar.

Majority of the FMCG stocks are trading in green with Godrej Consumer and Gillete among the major gainers. Only Hindustan Unilever and Archies are trading weak. As per a leading financial daily, FMCG companies are rushing in to cash on the rising demand for health foods. Reportedly, Marico will extend the Saffola brand to the muesli segment. The company had launched oats under the same brand in 2010. Even Glaxo SmithKline Consumer Healthcare, which had introduced Horlicks oats last year, is likely to further extend it to muesli over the next few months. Multinational company Kellogs and homegrown company Baggry's are the two major players present in the muesli market. German company Dr. Oetakars entered the segment last year with its Vitalis brand.

According to a leading financial daily, Reserve Bank of India (RBI) has made norms for loan securitisation by non-banking finance companies (NBFC's) more stringent to diversify risk and keep a check on unhealthy practices. According to the revised norms, NBFCs will be able to sell or securitise a loan only if three monthly installments have been paid by the borrower. The limit for loans between two and five years is six monthly instalments and above five years it is 12 monthly instalments. Additionally, NBFCs will have to mandatorily retain 5% of the outstanding amount for loan tenure of less than 2 years and 10% of the outstanding amount for loan tenure of over 2 years. RBI has also guided against re-securitization or bundling of assets with different risk profile. The NBFCs are required to implement the guidelines in two phases by October end. The move comes in the backdrop of similar guidelines for securitization of loans by banks.

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 "Indian share markets remain staid". 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.