GOOD READS

Auto & realty stocks weigh on mkts

Indian equity markets continued their southward journey during the previous two hours of trade. Sectoral indices are mostly trading in the red except for IT and FMCG stocks.

The BSE-Sensex is trading lower by 115 points and NSE-Nifty is trading down by 40 points. BSE Mid Cap and BSE Small Cap indices are trading down by 1.8% and 1.6% respectively. The rupee is trading at 53.81 to the US dollar.

Most of the FMCG stocks are trading weak led by Henkel India and Paper Products. According to a leading daily, Hindustan Unilever (HUL) has launched a new UV technology based water purifier under its Pureit brand. The new water purifier - Pureit Marvella UV combines aesthetics with convenience at a great price. Its features include superior water purification technology, in-built storage and greater convenience due to its compact form. It also has an advanced alert system. With this launch, HUL has ventured into the premium UV water purifier segment for the first time. HUL's Pureit is world's largest selling range of water purifiers. Pureit Marvella UV is priced at Rs 7,990 a unit.

Automobile stocks are trading weak with Tata Motors and Force Motors being the top losers. Tata Motors has recently stated that the third quarter revenue at its luxury Jaguar Land Rover unit will be higher than in previous quarters. However, the margins may be impacted due to unfavourabe forex rates and the ongoing effect of a higher mix of Evoque sales. The company expects negative free cash flows too as a result of higher capital spending. JLR plans to invest US$ 2 bn in the current financial year and increase it to US$ 2.75 bn in FY14. Half of this will be towards research and development and the remaining will be expenditure on tangible fixed assets. JLR is looking at raising US$ 400 m towards operational costs and expansion. The Tata Motors stock is presently trading down by 8%.

Quiz: How well do you know India's economy?

Question 1

Which of these products is India the world's largest producer of?

Poll Choice Options
  • Wheat
  • Rice
  • Milk
1
2
3
4
5
6
7
8
9
10

Latest News

  • GM to battle VW in China with $12 bln investment and new plants

    U.S. car giant General Motors Corp (GM) (GM.N) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it competes with aggressive rivals in the world's largest auto market. GM expects its China sales to expand 8-10 percent this year, in line with the overall growth of the Chinese market, where foreign firms, such as Volkswagen AG (VOWG_p.DE), and domestic players like SAIC Motor Corp vie for more market share. In total we are investing $12 billion between …

  • Mercedes, BMW chase ultra rich clients with new high end cars

    Premium auto maker BMW (BMWG.DE) unveiled a luxury concept sedan in Beijing on Sunday, to gauge customer appetite for a car that would cost more than German manufacturer's current flagship 7 series limousine. Ian Robertson, BMW Group's board member responsible for sales and marketing said the car is being presented the Auto China show in Beijing as a way to test customer opinion in the world's largest car market. Around half of tall the 7-series flagship models made by BMW end up being sold …

  • Reliance rubber unit sets up customer support in Vadodara

    Mumbai, April 20 (IANS) Relflex Elastomers, the synthetic rubber business unit of Mukesh Ambani-led Reliance Industries Ltd (RIL), Sunday inaugurated a customer support centre at its petrochemicals complex ... …

  • GM to invest $12 bln in China and plans more plants

    U.S. car giant General Motors Corp (GM) (GM.N) plans to invest $12 billion in China from 2014 to 2017 and build more plants next year as it steps up its presence to compete with aggressive rivals in the world's largest auto market. GM expects its China sales to expand 8-10 percent this year, in line with the overall growth of the Chinese market, where foreign firms, such as Volkswagen AG (VOWG_p.DE), and domestic players like SAIC Motor Corp vie for more market share. In total we are …

  • In the driving seat: China's yuppies are new market force for global a …

    SHANGHAI/BEIJING (Reuters) - Global automakers are scrambling to meet the demands of China's young urban professionals, who want a car that makes them stand out, yet don't always have the money to splurge on a top-end model. After nearly two decades of frenzied growth driven mainly by the very wealthy, China's auto market is maturing, yet remains ferociously competitive with manufacturers having to react quickly to shifting consumer trends. People like Zhou Wenxi, a 32-year-old Shanghai …

IN-DEPTH ANALYSIS & INTERVIEWS

  • This might well be India’s biggest Ponzi scam

    It was just too good to be true. Ashok Khital, 45, displays every symptom of a man who knows he's been conned. …

  • India's star studded football league

    High and mighty including Sachin, Salman & Sun Group buy ISL teams …

  • Leaderspeak with Rajesh Janey

    Rajesh Janey, President - India & SAARC, EMC shares many firsts in his life. …

  • Power Hungry

    Gujarat has power round-the-clock. Most other states do not. Why this will matter in the general elections. …

  • Etcetera

    The most keenly watched contest of the current general election will be the one for the Varanasi parliamentary seat, where the Bharatiya Janata Party's prime ministerial hopeful Narendra Modi squares off ... …

  • Economy vs Democracy

    As the country gets election fever, cash comes out of mattresses and turns into liquor, gifts, and food. But it is not bad for the health of the economy, reports Sarika Malhotra from the trenches. …

  • Bracing for Challenges

    Raghuram Rajan is preparing to deal with concerns that may arise when a new government takes charge. …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.52+0.88+5.63%
    UNITECH.BO
    73.85+3.05+4.31%
    HDIL.BO
    13.36+0.25+1.91%
    SUZLON.BO
    718.55-6.70-0.92%
    HDFCBANKSL.BO
    57.40+2.75+5.03%
    JAIPRA.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    12.60+2.10+20.00%
    AGRIMONY.BO
    242.50+40.40+19.99%
    ACRYSIL.BO
    83.50+13.90+19.97%
    SICAL.BO
    46.00+7.65+19.95%
    SHRGLTR.BO
    65.25+10.85+19.94%
    AHLUCONT.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    11.60-2.70-18.88%
    ANISHAIMPEX.BO
    51.10-8.85-14.76%
    WINSOMTX.BO
    11.70-1.30-10.00%
    BLCISER.BO
    425.00-40.00-8.60%
    GCMSECU.BO
    59.40-5.55-8.55%
    JBML.BO
  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.

    Yahoo Cricket