Market Pulse
Sensex losers, gainers this week
It was a tough week for Indian shares as the BSE Sensex fell nearly 3 percent and the Nifty lost 3.3 percent as U.S. Fed chief Bernanke’s suggestion that stimulus measures may be scaled back at one of their next few meetings dented sentiment. Here's a look at the top Sensex losers and gainers. Full Article
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MARKET EYE-Be selective in Indian consumer goods: Goldman
* India's consumer good sector is on track to deliver sales and operating profit at an average compound annual growth rate of 13 percent between 2011 to 2025, Goldman Sachs says in a note dated on Tuesday. * Goldman says estimates are based on assuming per capita consumption in India would reach the levels of China in 2025. * Within consumer goods, Goldman says skin care, quick service restaurants and jewellery will exceed sector growth, while detergents, oral care and personal wash will lag. * Goldman thus initiates coverage of Jubilant Foodworks , which operates the Domino's pizza chain in India, with a 'buy' rating and a 12-month target price of 1,704 rupees. * The investment bank also maintains 'buy' ratings on cigarette maker ITC and personal care products maker Marico Ltd . * But the bank initiates Asian Paints with a 'neutral' rating and a target price of 3,732 rupees, saying the "high growth and returns" are already reflected in current valuations. * Goldman maintains Hindustan Unilever and Nestle India with 'sell' ratings. (abhishek.vishnoi@thomsonreuters.com)
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