Archive for December, 2013

MAGNUM WISH ALL MERRY CHRISTMAS

MAGNUM WISH ALL MERRY CHRISTMAS

MAGNUM WISH ALL MERRY CHRISTMAS

Market likely to continue its downward move today Indian market fell more than one percent on Thursday to mark a third consecutive day of declines since hitting a record high at the start of the week as Tata Motors slumped after saying its unit Jaguar Land Rover would increase capital spending. The Sensex fell 1.16 percent, or 245.80 points, to end at 20,925.61, to mark its lowest close since Dec 4. The Nifty fell 1.12 percent, or 70.85 points, to end at 6,237.05, closing below the psychologically important 6,300 level. Both indexes also marked their biggest single-day fall since Nov 21. Rate-sensitive stocks such as ICICI Bank also fell on caution ahead of retail inflation data later in the day yesterday, which will be followed by wholesale inflation on Monday and is seen as key for the central bank’s policy review on Dec 18. Tackling inflation will be a priority, finance minister and RBI governor said on Wednesday, after high prices contributed to painful losses for the ruling Congress party in state elections. Despite the fall, the sentiment seems positve on hopes the domestic economy is looking at a trough and on continued foreign investor flows which crossed the 1-trillion-rupee mark earlier this week.

European equities extended a two-week sell-off to close lower on Thursday, as investors booked profits on heightened fears that the U.S. Federal Reserve could act soon start to unwind its bond-buying program. U.S. stocks finished lower on Thursday, extending losses into a third session, as investors considered the timing of any reductions in the Federal Reserve’s monetary stimulus.

Global cues are downcast today with them SGX Nifty is showing 41 points cut in morning trade indicating that Indian market would open in the red today and Nifty is likely to trade between 6260 and 6170 with downward biasness.

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Indian consumers prefer to drink high level of alcohols making the country world largest whisky market with over 20 crore consumers of hard liquor. Further, the domestic market is mainly dominated by men. Red wine is the most popular wine in India and accounts for around 45 percent of the total country consumption followed by white wine and sparkling wine representing around 45 and 15 percent share in India’s wines consumption. The sparkling wine market in India is still embryonic in size and is considered as a celebratory wine due to its very high prices. The domestic sparkling wine market has been growing at 15-20 percent growth rate over the past five years. Increasing exposure to western culture and growing professionalism in country has been the leading factors credited for firm growth witnessed in sparkling wine segment. The wine players has been targeting at 25-to-35-year-old urban men and women who are interested in embracing an international lifestyle. Indian sparkling wine market is likely to  continue growing at same rate in coming years. Meanwhile, most of the sparkling wines are imported wines.

IMFL Industry (Mn cases)

IMFL Industry (Mn cases)

The Indian spirits industry (comprising of IMIL and IMFL) is the 2nd largest in the world by volumes, estimated at over 550mn cases. By value, it is the 3rd largest with estimated revenues of over $23bn. The IMIL segment has witnessed healthy traction in volumes with 6% CAGR over 2007-2012e to reach ~280mn cases. This segment has high degree of underreporting; hence the actual market could be much higher.

The IMIL segment has witnessed healthy traction in volumes with 6% CAGR over 2007-2012e to reach ~280mn cases.

IMIL Industry (Mn cases)

IMFL has been manufactured using molasses in India. However, over the past few years, the industry has witnessed a shift from molasses to grains as the principle raw material for IMFL production. Presently, though most of the current capacities are molasses based, a major portion of the new capacities are expected to be grainbased.

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