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 markets surge upwards
Thu, 3 Sep 11:30 am

After opening firm, the Indian Markets have continued to edge upwards. Most sectoral indices are trading higher with stocks from the auto, engineering and banking sectors leading the gains.

The BSE-Sensex is trading up 250 points (up 1%) and the NSE-Nifty is trading up 86 points (up 1.1%). The S&P BSE Midcap index is trading up by 1.1% while the S&P BSE Smallcap index is trading up by 1.3%. The rupee is trading at 66.24 to the US dollar.

Most Indian pharmaceutical stocks are trading in the green, however Dishman Pharma and Glenmark Pharma are in the red. As per a leading financial daily, Cipla has acquired the exclusive rights to market skin care products of the country's leading derma and cosmeceutical player Percos India. This was agreed by a deal which is estimated worth Rs 900 m. With this deal, brands from Percos will help shore up Cipla's dermatology portfolio with an expected offering into cosmetology. Further, Cipla will bag a few fast growing brands like Vedaderm, Claz, Actipeel, Tryses and Glycoveda which have combined sales of around Rs 100 m. According to the agreement signed between the two companies Percos will continue to manufacture the products for five years after which the rights will be transferred to Cipla. The stock of Cipla is trading up by 1.2%.

Most automobile stocks are trading higher with Tata Motors andForce Motors witnessing maximum buying interest. As per Economic Times, Mahindra & Mahindra (M&M) is witnessing weakening vehicle sales in rural areas because of the deficient monsoon rains in parts of the country. As reported, the company's vehicle sales fell 8.5% YoY in the first four months of the current fiscal. This was as against the total passenger vehicle sales in India, which grew 7.5% YoY for the concerned period as per the industry data. Presently the stock of Mahindra & Mahindra is trading up by 1.3%.

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 markets surge upwards". 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.