Let's get you all the business news of the day now. And after a day's hiatus, bulls were back on the last street, while realty and energy sectors advanced. IT and F MC G were under pressure. Alex Matthew with the wrap of all the market action. How far will this rally take us? Is the question a lot of people are asking with regard to the Indian equity markets. As we reached the 19,500 mark on the Nifty 50 in trade today, we've gained for eight sessions in a row, and if you look back to the start of June, that index has gained over 5.5%. A lot of volume increases in specific stocks on the weekly expiry is what you saw in trade today, but it was pretty much broad based gains, and that is surprising considering the kind of set up that we had at the start of the day. The gift nifty had suggested a negative start, but that wasn't the case and in fact we've helped with those gains throughout the session. Let's look a little closer at the contributors. Then you had the nifty bank that new to Greek game ground. It was up about 4/10 of a percent in trade today, but auto was the bright spot. We'll talk about that in just a bit. It gained over 1%. I'm talking about the index. Realty was the other bright spot, gaining over 2.2%. The laggards were the FMC G stocks, which showed just a little bit of fatigue. That index, by the way, is the top performer sector in the year to date, period. And then you had the IT stocks that underperformed. That index was by about 1/10 of a percent or thereabouts. But look at the key performers on the Nifty 50 Mahindra and Mahindra. No trigger as such. But you saw quite a lot of options built up in that counter, and you saw the counter gain as much as 5%. Apollo hospitals gained close to 4%. Then you had power grade and data motors that also gained ground. But you had reliance in industry is a big boy that gain about 2% and contributed to quite a lot of the gains on the nifty 50. Among the lose you had is motors that continues to lose ground is down about 3% or thereabouts in trade today, 2.7% but down about 10% in the month So far as competition heats up in the segment that it plays in Marti Suzuki, down about 1% you had tech and finance also losing ground. Sea, according to me, is the stock of the day again no clear trigger here. This is a stock that gained about 20% in trade today before ending about 19% or 18% higher. It reached the 10,000 market cap level in trade today, and that's certainly the highlight of the session so far. Hinz Inc also gained about 8% that counter that company is going to consider an interim dividend, and then you had JB M auto on the other end of the spectrum, losing about 10% or more than 10%. That script is set to replace HDFC and the BS C 500. All told, the party continues, the question is how long? According to a dear of Quest investment advisors, consumption industrials and financials are the growth of pillars for India. He's bullish on the industrial sector, which is seeing the biggest Capex cycle listening. If you look at our portfolio, you will find that, you know, uh, it's all India oriented. Where in, uh, I'll break up my portfolio to these three major buckets. Uh, one is India consumption. Uh, second is industrials, and third is financials. So these three form the pillars, I would say of the whole India growth story, where in begin with industrials. That is where the big cat is undergoing. When you talk about a PL I schemes defence manufacturing, uh, Capex from the private and the public. That is where the big industrial activity is happening. And that is going to be the first engine of growth, that engine of growth it leads to household incomes going up. And that is where the India consumption theme comes in. And when I say India consumption, the are playing across different sub sectors within consumption. And that is where I see the growth opportunities. It could be your hotels. It could be the the retail. It could be your, uh, auto auto acts. It could be the fast food outlets. Uh, so these are the different opportunities within and the real estate so not to forget. So these are the different sub sectors within the India consumption. And thirdly is financials, which is kind of again a major pillar of both the first two themes. Industrial. If you're talking about Capex, if you're talking about corporate borrowing, that is where one part. And if you're talking about consumption going up, that is where the retail borrowing goes up and the savings and investment. So these three things, I would say, go hand in hand. And that is where I see the big growth opportunities for the next 36 to 48 months just to summarise industrials, which will include all your cement capital goods, your heavy engineering defence, everything consumption, which is your urban consumption, Indian consumption. And lastly, which is financials. Commercial vehicle sales in June surpassed the pre covid levels for the first time, with a growth of 1.5% compared to the sales in June 2019. The two wheeler sales rose 6.8% year on year in June and the passenger vehicle category the sales grew to 2.95 amid a mixed landscape of lower demand for hatchbacks and slowing sales in other categories. It was a three wheeler and tractor sales, which saw a significant rise in sales with three wheelers a clocking 75% rise over the last year. Unusual weather in parts of India because of rain and a decline in consumer appetite to spend dampened retail sales in the month of June. Sisa joins in with more. So if you look at the quarterly updates of F MC, G companies for Q 11 thing that stands out is that rural consumption remains fragile and it will take yet another quarter for demand to revive materially. Marco, for instance, said it expects to see a drop in the June quarter revenue on sluggish rural demand. However, at the same time, what we are seeing is that not all product categories are seeing a slowdown. Companies dealing in edible oil saw a good offtake as they passed on the benefits of lower input costs to consumers. Marris Sala Range saw a double digit growth, helped by price cuts that made its cooking oil nearly 30% cheaper from a year earlier. Similarly, Adani Wilma said that its first quarter volume growth surged 25% owing to strong demand again, thanks to lower edible oil prices. Yet companies dealing in summer products like beverages shall face the heat. Data shared by by some showed that among the various categories affected, beverages took the hardest hit, with sales falling 27.6% in the June quarter, according to Akha de Zoa, chief of Growth and Insights A buys them. There also seems to be a spending in purchase of discretionary products, which is evident in sales of both personal care and confectionery products. However, there is a silver lining for consumer goods companies. Prices of most raw materials have eased, and this is going to have a positive impact on profitability. A green surge in trade today after the board approved a fund raise of 12,300 crow rupees, the company will raise funds via qualified institutional placement or other permissible mode. The FUNDRAISE is subject to necessary share holder and regulatory approvals. Remember last week, GQ G Partners raised its stake in Adani Green to 6.32% valued at 9600. With that, it's time for us to sip into a short break. More news on the other side
