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Indian share markets trade flat
Thu, 13 Dec 11:30 am

Indian share markets shed some gains and traded flat during the previous two hours of trade. Sectoral indices traded firm except for FMCG, consumer durables and capital goods stocks.

The BSE-Sensex and NSE-Nifty are trading flat at the moment. BSE Mid Cap and BSE Small Cap indices are trading up by 0.5% and 0.4% respectively. The rupee is trading at 54.19 to the US dollar.

FMCG stocks are trading weak led by Archies Limited and Emami Limited. As per a leading daily, Hindustan Unilever is facing concerns over increase in royalty payouts. This follows Unilever Indonesia's announcement of hiking up royalty payment to the parent company, Unilever Plc. There are concerns that HUL too may face higher royalty payment. We may note here that presently royalty accounts for 1.3% of HUL's sales and this is one of the lowest among multinational companies in India implying room for increase in the same. The stock is currently trading down by 1.2%.

Auto stocks are trading in the green led by Tata Motors and Ashok Leyland. According to a leading financial daily, Tata Motors has rolled out its sports utility vehicle (SUV) Safari Storme in Maharashtra. Safari Storme has a turning circle radius of 5.4 metres, ground clearance is 200 mm, with 26 degree grade-ability. The SUV will have a warranty of 3 years or 1 lakh km whichever is earlier. The vehicle will have 4 variants namely LX, EX, VX (4x2 and 4x4). It must be noted that although most of the segments in the auto industry have witnessed considerable slowdown, volumes of utility vehicles have grown at a stupendous rate in the

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Mar 21, 2018 (Close)