Indian stock market slips out of trillion-dollar club
PTI MUMBAI:, August 16, 2013
First Published: 20:57 IST(16/8/2013) | Last Updated: 21:13 IST(16/8/2013)
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Market capitalisation of all the listed companies stood at Rs. 60,73,881.22 crore, as stocks witnessed bloodbath that dragged down the BSE 30-stock benchmark, Sensex, by 769.41 points to 18,598.18 — its biggest fall in 4 years.
The rupee also touched an all-time low of 62.03 against the US dollar. Mayhem in the stock market led the rupee to fall below 62-mark for the first time to touch an intra-
Indian stock market’s valuation had earlier dropped to $985 billion on August 7, after slipping below the one trillion level a day earlier. However, it regained the level on August 8.
India had first entered the trillion-dollar club in June 2007, but moved out in September 2008, amid the global slowdown.
It again got back into the elite league in May 2009 and had largely remained there since then, except for some brief periods including once in 2012.
Weakness of the rupee has been a key force behind the dollar-valuation plunge in recent months.
Since the beginning of the current fiscal in April 2013, though the rupee valuation of Indian stock market has fallen by nearly 5%, its dollar valuation has plunged by 19.76%. The rupee has depreciated by over 13% during this period.
With India out of this league, only 13 stock markets across the world now enjoy a trillion-dollar status, led by the US (an estimated $20 trillion). Others in this club are UK, Japan, China, Canada, Hong Kong, Germany, France, Switzerland, Australia, South Korea, Nordic region and Brazil.
Markets like Russia, Spain and South Africa have also moved out of this club after enjoying a trillion-dollar status in the past, while at least three others — Brazil, South Korea and Nordic region markets — are maintaining this level with small margins.
India's dairy market to grow by 13-15% till 2019-20: Report
PTI
Mumbai, September 10, 2013
Mumbai, September 10, 2013
First Published: 18:54 IST(10/9/2013)
Last Updated: 18:57 IST(10/9/2013)
Last Updated: 18:57 IST(10/9/2013)
The
country's dairy market will continue to grow at about 13-15% annually
till 2019-20, on increasing consumption of value added products and the
value chain becoming more and more organised, according to a report by
Rabobank.
"India dairy is emerging as a strong consumption
story, with the market growing at a pace. We expect this trend will gain
momentum over the next 4-5 years driven by increasing consumption of
value-added products and the formalisation of the value chain," the
report said.
According to the report, Rabobank expects this segment to grow at a CAGR of 13 to 15% until 2019-20.
The market share of value-added products is likely to increase to 31% from the current 21% during this time period, it pointed out.
The main factors driving growth are increased consumer interest in higher protein diets, greater affordability due to growing disposable incomes and rising awareness and availability of dairy through channels such as organised retail and food service segments, it said.
The country's total organised diary sector is about $10 billion in 2012-13, comprising cooperatives and private players who control the supply chain linkages.
"For years, the Indian dairy market has remained an enigma for global dairy players," saidd Rabobank analyst Shiva Mudgil, adding that currently, however, the market is in a transition phase.
High market growth and favourable market conditions may make now the right time for global players to engage with the Indian dairy sector, he pointed out.
India's large consumption market, its existing milk supplies and established consumer preference for dairy products, has encouraged global dairy companies to engage with India in the past, the report said.
However, the challenging environment, with its informal fragmented supply chain, raw milk quality concerns, small base for value-added dairy products and ever-changing trade regulations, proved a challenge and a strong disincentive.
Nonetheless, India's formal dairy market has shown strong growth in recent years, which is likely to accelerate due to product innovation, enabling government policies and industry consolidation.
Rabobank anticipates this acceleration will help improve industry margins by attaining greater scale, higher capacity utilisation and an increasing contribution from value-added products in total dairy revenues.
"While the dairy market in India is not for every company, considering the challenges, many global companies should now be revisiting their Indian dairy strategy," he said, adding that for some, it may prove to be the right time to join thegame, even on a small scale, through starting a strategic dialogue on Indian dairy.
"India dairy is emerging as a strong consumption
The market share of value-added products is likely to increase to 31% from the current 21% during this time period, it pointed out.
The main factors driving growth are increased consumer interest in higher protein diets, greater affordability due to growing disposable incomes and rising awareness and availability of dairy through channels such as organised retail and food service segments, it said.
The country's total organised diary sector is about $10 billion in 2012-13, comprising cooperatives and private players who control the supply chain linkages.
"For years, the Indian dairy market has remained an enigma for global dairy players," saidd Rabobank analyst Shiva Mudgil, adding that currently, however, the market is in a transition phase.
High market growth and favourable market conditions may make now the right time for global players to engage with the Indian dairy sector, he pointed out.
India's large consumption market, its existing milk supplies and established consumer preference for dairy products, has encouraged global dairy companies to engage with India in the past, the report said.
However, the challenging environment, with its informal fragmented supply chain, raw milk quality concerns, small base for value-added dairy products and ever-changing trade regulations, proved a challenge and a strong disincentive.
Nonetheless, India's formal dairy market has shown strong growth in recent years, which is likely to accelerate due to product innovation, enabling government policies and industry consolidation.
Rabobank anticipates this acceleration will help improve industry margins by attaining greater scale, higher capacity utilisation and an increasing contribution from value-added products in total dairy revenues.
"While the dairy market in India is not for every company, considering the challenges, many global companies should now be revisiting their Indian dairy strategy," he said, adding that for some, it may prove to be the right time to join thegame, even on a small scale, through starting a strategic dialogue on Indian dairy.
India's dairy market to grow by 13-15% till 2019-20: Report
PTI
Mumbai, September 10, 2013
Mumbai, September 10, 2013
First Published: 18:54 IST(10/9/2013)
Last Updated: 18:57 IST(10/9/2013)
Last Updated: 18:57 IST(10/9/2013)
The
country's dairy market will continue to grow at about 13-15% annually
till 2019-20, on increasing consumption of value added products and the
value chain becoming more and more organised, according to a report by
Rabobank.
"India dairy is emerging as a strong consumption
story, with the market growing at a pace. We expect this trend will gain
momentum over the next 4-5 years driven by increasing consumption of
value-added products and the formalisation of the value chain," the
report said.
According to the report, Rabobank expects this segment to grow at a CAGR of 13 to 15% until 2019-20.
The market share of value-added products is likely to increase to 31% from the current 21% during this time period, it pointed out.
The main factors driving growth are increased consumer interest in higher protein diets, greater affordability due to growing disposable incomes and rising awareness and availability of dairy through channels such as organised retail and food service segments, it said.
The country's total organised diary sector is about $10 billion in 2012-13, comprising cooperatives and private players who control the supply chain linkages.
"For years, the Indian dairy market has remained an enigma for global dairy players," saidd Rabobank analyst Shiva Mudgil, adding that currently, however, the market is in a transition phase.
High market growth and favourable market conditions may make now the right time for global players to engage with the Indian dairy sector, he pointed out.
India's large consumption market, its existing milk supplies and established consumer preference for dairy products, has encouraged global dairy companies to engage with India in the past, the report said.
However, the challenging environment, with its informal fragmented supply chain, raw milk quality concerns, small base for value-added dairy products and ever-changing trade regulations, proved a challenge and a strong disincentive.
Nonetheless, India's formal dairy market has shown strong growth in recent years, which is likely to accelerate due to product innovation, enabling government policies and industry consolidation.
Rabobank anticipates this acceleration will help improve industry margins by attaining greater scale, higher capacity utilisation and an increasing contribution from value-added products in total dairy revenues.
"While the dairy market in India is not for every company, considering the challenges, many global companies should now be revisiting their Indian dairy strategy," he said, adding that for some, it may prove to be the right time to join thegame, even on a small scale, through starting a strategic dialogue on Indian dairy.
"India dairy is emerging as a strong consumption
The market share of value-added products is likely to increase to 31% from the current 21% during this time period, it pointed out.
The main factors driving growth are increased consumer interest in higher protein diets, greater affordability due to growing disposable incomes and rising awareness and availability of dairy through channels such as organised retail and food service segments, it said.
The country's total organised diary sector is about $10 billion in 2012-13, comprising cooperatives and private players who control the supply chain linkages.
"For years, the Indian dairy market has remained an enigma for global dairy players," saidd Rabobank analyst Shiva Mudgil, adding that currently, however, the market is in a transition phase.
High market growth and favourable market conditions may make now the right time for global players to engage with the Indian dairy sector, he pointed out.
India's large consumption market, its existing milk supplies and established consumer preference for dairy products, has encouraged global dairy companies to engage with India in the past, the report said.
However, the challenging environment, with its informal fragmented supply chain, raw milk quality concerns, small base for value-added dairy products and ever-changing trade regulations, proved a challenge and a strong disincentive.
Nonetheless, India's formal dairy market has shown strong growth in recent years, which is likely to accelerate due to product innovation, enabling government policies and industry consolidation.
Rabobank anticipates this acceleration will help improve industry margins by attaining greater scale, higher capacity utilisation and an increasing contribution from value-added products in total dairy revenues.
"While the dairy market in India is not for every company, considering the challenges, many global companies should now be revisiting their Indian dairy strategy," he said, adding that for some, it may prove to be the right time to join thegame, even on a small scale, through starting a strategic dialogue on Indian dairy.
India's dairy market to grow by 13-15% till 2019-20: Report
PTI
Mumbai, September 10, 2013
Mumbai, September 10, 2013
First Published: 18:54 IST(10/9/2013)
Last Updated: 18:57 IST(10/9/2013)
Last Updated: 18:57 IST(10/9/2013)
The
country's dairy market will continue to grow at about 13-15% annually
till 2019-20, on increasing consumption of value added products and the
value chain becoming more and more organised, according to a report by
Rabobank.
"India dairy is emerging as a strong consumption
story, with the market growing at a pace. We expect this trend will gain
momentum over the next 4-5 years driven by increasing consumption of
value-added products and the formalisation of the value chain," the
report said.
According to the report, Rabobank expects this segment to grow at a CAGR of 13 to 15% until 2019-20.
The market share of value-added products is likely to increase to 31% from the current 21% during this time period, it pointed out.
The main factors driving growth are increased consumer interest in higher protein diets, greater affordability due to growing disposable incomes and rising awareness and availability of dairy through channels such as organised retail and food service segments, it said.
The country's total organised diary sector is about $10 billion in 2012-13, comprising cooperatives and private players who control the supply chain linkages.
"For years, the Indian dairy market has remained an enigma for global dairy players," saidd Rabobank analyst Shiva Mudgil, adding that currently, however, the market is in a transition phase.
High market growth and favourable market conditions may make now the right time for global players to engage with the Indian dairy sector, he pointed out.
India's large consumption market, its existing milk supplies and established consumer preference for dairy products, has encouraged global dairy companies to engage with India in the past, the report said.
However, the challenging environment, with its informal fragmented supply chain, raw milk quality concerns, small base for value-added dairy products and ever-changing trade regulations, proved a challenge and a strong disincentive.
Nonetheless, India's formal dairy market has shown strong growth in recent years, which is likely to accelerate due to product innovation, enabling government policies and industry consolidation.
Rabobank anticipates this acceleration will help improve industry margins by attaining greater scale, higher capacity utilisation and an increasing contribution from value-added products in total dairy revenues.
"While the dairy market in India is not for every company, considering the challenges, many global companies should now be revisiting their Indian dairy strategy," he said, adding that for some, it may prove to be the right time to join thegame, even on a small scale, through starting a strategic dialogue on Indian dairy.
Continuing
its rising streak for the third straight session, Sensex on Friday rose
over 60 points in early trade on sustained buying by funds as well as
retail investors, ignoring a weak trend on the other Asian boures.
While
speaking to HT, Rituraj Sinha, promoter of the largest Indian security
services firm SIS, says when dealing with employee issues, it's more
important to be fair than to be nice. Mahua Venkatesh reports.
The
government on Thursday approved acquisition of 20% stake by ONGC Videsh
(OVL) and Oil India (OIL) in a giant Mozambique gas field that is
estimated to hold as much as 65 trillion cubic feet of gas.
Twitter
on Thursday unveiled plans to pump up the globally popular messaging
service with a $1 billion dollar stock market debut. The IPO is expected
to be the most sought-after since Facebook in May 2012.
Even
as India gets ready to commission its first strategic oil storage
facility in January, it currently has the lowest cover for crude oil
among developing economies including China and Japan, government data
showed on Thursday.
"India dairy is emerging as a strong consumption
Business
The market share of value-added products is likely to increase to 31% from the current 21% during this time period, it pointed out.
The main factors driving growth are increased consumer interest in higher protein diets, greater affordability due to growing disposable incomes and rising awareness and availability of dairy through channels such as organised retail and food service segments, it said.
The country's total organised diary sector is about $10 billion in 2012-13, comprising cooperatives and private players who control the supply chain linkages.
"For years, the Indian dairy market has remained an enigma for global dairy players," saidd Rabobank analyst Shiva Mudgil, adding that currently, however, the market is in a transition phase.
High market growth and favourable market conditions may make now the right time for global players to engage with the Indian dairy sector, he pointed out.
India's large consumption market, its existing milk supplies and established consumer preference for dairy products, has encouraged global dairy companies to engage with India in the past, the report said.
However, the challenging environment, with its informal fragmented supply chain, raw milk quality concerns, small base for value-added dairy products and ever-changing trade regulations, proved a challenge and a strong disincentive.
Nonetheless, India's formal dairy market has shown strong growth in recent years, which is likely to accelerate due to product innovation, enabling government policies and industry consolidation.
Rabobank anticipates this acceleration will help improve industry margins by attaining greater scale, higher capacity utilisation and an increasing contribution from value-added products in total dairy revenues.
"While the dairy market in India is not for every company, considering the challenges, many global companies should now be revisiting their Indian dairy strategy," he said, adding that for some, it may prove to be the right time to join thegame, even on a small scale, through starting a strategic dialogue on Indian dairy.
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