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 equity mkts languish in red 
(Tue, 4 Sep 11:30 am) 
 
Indian equity markets continued to trade in the negative during the last two hours of trade after opening on a weak note. Amongst sectoral indices, there was mixed performance with FMCG and realty stocks leading the list of gainers while IT and metal stocks witnessed maximum selling pressure.

The Sensex today is down by 28 points, while the NSE-Nifty today is down by 10 points. However, BSE Mid Cap and BSE Small Cap indices are up by 0.2% and 0.1% respectively. The rupee is trading at 55.47 to the US dollar.

FMCG stocks are trading strong led by Dabur and Pidilite Industries. According to a leading financial daily, Hindustan Unilever Limited (HUL) is planning to extend its Dove brand into the hair care segment by launching Dove hair oil. The company intends to launch the product at a price of Rs 180-200 for a 100 ml bottle thereby pricing it more than rival brands like Marico's Parachute Scalp Therapie and Bajaj Almond Drops. This would make Dove hair oil a super premium product. Three variants of the hair oil are expected to get launched in November. We may note here that earlier, around 6 years ago, HUL had exited the hair oil business when it sold off its Nihar brand to Marico. The market for hair oil in India is estimated at Rs 128 bn.

Auto stocks are trading in the green led by Tube Investments and Force Motors. According to a leading financial daily, Tata Motors has launched its premium pick-up Xenon and it expects the new product to push up its market share in the segment to 25-30%. The new Xenon is priced in the range of Rs 0.54-0.63 m. Currently the company commands 20% share in the pick-up segment. Tata Motors had launched the Xenon three years ago in the global markets, and has so far sold 35,000 units in markets like southern Europe, South Africa, Thailand and Italy. In the domestic market, Xenon is now available in Maharashtra, Gujarat, Rajasthan and Tamil Nadu, and Punjab will be the next destination. The company plans to ramp up production capacity to 1,000-1,200 units per month going forward. It may launch a few variants of the vehicle by December.

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 equity mkts languish in red". 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


Aug 21, 2017 (Close)

MARKET STATS