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

Sensex ends the week 1.7% higher
Fri, 4 Jan Closing

Buying interest in select energy, engineering and tech stocks proved to be the saving grace for Indian share markets today. Despite severe profit booking in commodity and auto stocks the India indices managed to close in the positive and languishing in the red for most of the session. While the BSE-Sensex closed higher by around 19 points, the NSE-Nifty closed higher by 7 points. The BSE Mid Cap index and the BSE Small Cap also closed marginally above the dotted line.

As regards global markets, Asian indices closed a mixed bag today while European indices have opened lower. The rupee was placed at Rs 55.10 to the dollar at the time of writing.

Arvind Ltd, has decided to set up integrated textile parks and manufacturing facilities in Gujarat. The entity is expected to sign a memorandum of understanding (MoU) for the same at the upcoming Vibrant Gujarat Summit 2013. The integrated textile park will house around 50 units near its existing plant at Santej, for which the company is scouting for a land of over 200 acres. The company has decided to invest around Rs 20 bn in the project, after investing in its own denim, spinning, shirting, real estate and other business.

PSU banking major Punjab National Bank (PNB) has received Competition Commission of India's (CCI) approval to buy 30% stake in MetLife India Insurance Company. The bank, however has recently reported a weak set of numbers. PNB reported 16% YoY growth in interest income and a 12% YoY fall in net profits for the second quarter of FY13. The bank managed a 19.5% YoY growth in gross advances in 1HFY13, despite a tough credit environment. However, in the domestic book the growth came in closer to the sector average at 16.5% YoY. The growth of 17% YoY in deposits was led by higher growth in term deposits during the past year. PNB's NIMs dipped mainly on account of slower NII growth. This was on account of interest income reversal on NPAs added during the quarter and higher interest costs. NIMs came in at 3.6% in 1HFY13 compared to 3.9% earlier.

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 "Sensex ends the week 1.7% higher". 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.