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

Latest News

  • Trend-setter Apple's stock split could bring out the copycats

    Apple has long been a trend-setter whose hot products attract imitators, and now its recent stock split might help revive a trend from the 1990s that has all but disappeared on Wall Street. On Wednesday, ... …

  • GM says facing multiple probes into recent recalls

    General Motors (GM.N) revealed on Thursday it is the subject of five different government probes related to its massive recalls, including two previously unreported investigations by the U.S. Securities and Exchange Commission and a state prosecutor. GM disclosed the probes in a regulatory filing after reporting earlier in the day that first-quarter profit tumbled 88 percent due to the recall. The five government investigations are from the U.S. Attorney's Office for the Southern District of …

  • Asian shares, dollar struggle on Ukraine anxiety
    Asian shares, dollar struggle on Ukraine anxiety

    Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 percent. Japan's Nikkei stock average took an opposite track and added 0.5 percent in choppy trade, after opening solidly lower amid …

  • Obama wraps up Japan visit after security pledge but no trade deal
    Obama wraps up Japan visit after security pledge but no trade deal

    U.S. President Barack Obama neared the end of a state visit to Japan on Friday during which he assured America's close ally that Washington would come to its defence but failed to clinch a trade deal vital to his promised "pivot" to Asia. Failure to reach a trade deal has delayed a joint statement on security and economic ties that Obama and Prime Minister Shinzo Abe were expected to issue after their summit on Thursday. Obama and Abe had ordered their top aides to make a final push to reach …

  • 100-Square-Foot Cabin is a Kaleidoscopic Wonderland

    Photo via NYMag Plucked from New York magazine's annual Spring Design issue, which published this week, this technicolor dream of a microhome right outside Santa Fe, N.M. serves as a wee "reverse country house," for couple Linda and Jack Oldham—who... …


  • Too good to be true?

    Developers are offering lucrative buyback schemes. But such promises may not be always kept. …

  • Leaderspeak with Vikram Limaye

    Vikram Limaye MD & CEO, IDFC Ltd shares many firsts from his life. …

  • The Greening of the House of Tatas

    How a dedicated team converted a 90-year-old heritage structure into a benchmark for environment-friendly buildings. …

  • Appy Voting

    Mobile and online apps, seeking to inform or influence voters, have been more active than ever before in this election. …

  • In the crosshairs

    Why the future of FDI in multi-brand retail looks bleak after the polls. …

  • Deserving the honour

    How do the winners of the two new banking licences - microfinance lender Bandhan Financial Services and infra institution IDFC Ltd - measure up to the challenges of operating as full-fledged banks? …

  • A Samurai from Chandigarh

    Advertising veteran Sandeep Goyal is disarmingly frank as he recounts his years with Dentsu. …


      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.