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?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

End of Year Sale!
Grab Our Small Cap Recommendation
Service at a 60% Discount




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 share markets open in the green
Wed, 8 Jan 09:30 am

The major Asian stock markets have opened the day on a positive note with stock markets in Hong Kong (up 0.7%) and Japan (up 1.3%) leading the gains. The Indian share markets have also opened the day on a firm note. All sectoral indices have opened in the green with the stocks in the consumer durables and realty space leading the gains.

The Sensex today is up by around 60 points (0.3%), while the NSE-Nifty is up by around 21 points (0.4%). Mid and small cap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.5% and 0.6% respectively. The rupee is currently trading at Rs 62.21 to the US dollar.

Mining stocks have opened the day mainly in the green with NMDC Ltd and Coal India Ltd leading the gains. However, Ashapura Minechem Ltd and Sesa Sterlite Ltd were leading the losses. As per a leading financial daily, the iron ore production in India is likely to see a moderate growth of 10%-12% to 150 million tonnes (MT) in FY15. However, it will be preceded by a small decline in production in FY14. Mr Basant Poddar, the senior Vice President of Federation of Indian Mineral Industries has stated that a big jump in production in FY15 is unlikely unless Goa starts mining. Several mines are in final stages of securing regulatory approvals and are set to restart in Karnataka and the total production is unlikely to exceed 20 MT. As such, the growth is expected mainly from Karnataka and Goa. However, the production cap in Odisha based on Shah Commission recommendations may restrict the production.

Auto stocks have opened the day mainly in the green with Ashok Leyland and Escorts Ltd leading the gains. However, Force Motors and TVS Motors were facing selling pressure. As per a leading financial daily, the country's largest car manufacturer Maruti Suzuki will soon introduce a revolutionary technology that will allow manual gears to be used like automatic transmission without engaging the clutch. The technology is derived from the famed F1 motorsports arena and could be a turning point in the small-car segment. Maruti will be the first in India to debut this automatic manual transmission (AMT). As per the daily, the new technology will not affect fuel efficiency or the price of the car. The new offering by Maruti is likely to be named Celerio in India. The new car is expected to be slightly more expensive than the regular manually-operated gear cars. However, it will still be significantly cheaper than the automatics that are priced almost 25% higher.

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 share markets open in the green". 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.