Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGIN

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Revealed
India's Third Giant Leap

This Could be One of the Biggest Opportunities for Investors




Important: We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
By submitting your email address, you also sign up for Profit Hunter, a daily newsletter from Equitymaster
covering exciting investing ideas and opportunities in India.

AD

Indian stock markets open in the red
Wed, 4 Jan 09:30 am

Asian stock markets have opened the day on a mixed note. Stock market in Indonesia (up 1.3%), Japan (up 1.1%) and Singapore (up 0.3%) are in the green while those in Hong Kong (down 0.3%) and China (down 0.1%) are in the red. The Indian stock markets have opened the day on a weak note. Stocks in the realty and auto space are leading the losses.

The BSE-Sensex is trading lower by 24 points (0.2%) and the NSE-Nifty is lower by around 11 points (0.2%). Mid cap and small cap stocks have opened on a firm note, with the BSE Mid cap index up by 0.1% while BSE Small cap is up by 0.2%. The rupee is trading at 53.16 to the US dollar.

Construction stocks have opened the day on a weak note with Hindustan Construction Company (HCC) and DLF Ltd. trading in the red. Construction major Hindustan Construction Company has announced that is has bagged an order worth Rs 2.89 bn from the Gujarat government. As part of the project, HCC will construct bulk water transmission system for Gujarat Water Infrastructure Ltd, an undertaking by the government of Gujarat. The project includes construction of a 57-km long water transmission pipeline between Dhanki and Maliya villages under the Swarnim Gujarat Saurastra-Kutch water grid programme. The project is expected to be completed in 12 months. The contract also involves commissioning and maintenance for a period of 5 years.

Auto stocks have opened the day on a weak note with Bajaj Auto and Hero MotoCorp trading in the red. Bajaj Auto unveiled its plan to launch its mini 4-wheeler for intra-city urban transport. This vehicle is targeted at the people using 3-wheeled vehicles. Bajaj Auto first showcased the same in 2008 as a concept small car. The car is named as RE60 and the core customers would be the ones who are already using 3-wheelers. The car will be powered with a 200cc rear mounted petrol engine and can also be sold in the overseas market. The company has spent almost 4 years in developing the product and will have a top speed of 70 kmph and the mileage of the same will be 35kmpl.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

View all commentaries | Archives

Read the latest Market Commentary


Equitymaster requests your view! Post a comment on "Indian stock markets open in the red". Click here!

  
ABOUT EQUITYMASTER

Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.

PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
TRENDING TOPICS
FREE NEWSLETTERS
EQUITYMASTER SUPPORTS
  • HelpYourNGO
  • You Tube
  • Linkedin
  • Twitter
  • Telegram
  • Google Play

Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407

Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com

LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.