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

Infosys guidance drags Indian markets
Thu, 12 Jan 09:30 am

Asian stock markets have opened the day on a weak note. Stock markets in Japan (down 0.7%), China (down 0.5%) and Hong Kong (down 0.2%) are in the red. The Indian stock markets have opened the day on a weak note as well. Stocks in the technology and consumer durables space are leading the losses. However banking stocks are trading in the green.

The BSE-Sensex is trading lower by 40 points (0.3%) and the NSE-Nifty is lower by around 9 points (0.2%). Mid cap and small cap stocks have opened on a firm note, with the BSE Mid cap and BSE Small cap indices up by 0.1% each. The rupee is trading at 51.8 to the US dollar.

Banking stocks have opened the day on a firm note with Dhanlaxmi Bank, Karnataka Bank, ING Vysya Bank and Development Credit Bank leading the pack of gainers. Leading public sector lender State Bank Of India (SBI) has announced a reduction in processing fees for home loans by 50%. The move is aimed at capturing a larger share of the home loan market. As per a senior bank official, the bank will charge fees only to the extent of covering its cost. It will not earn a profit on the same. For home loans above Rs 75 lakh, SBI has slashed processing fee to Rs 10,000 from Rs 20,000. For loans in the range of Rs 30 laks to Rs 75 lakh, the fees have been reduced to Rs 6,500 from Rs 10,000. However, the processing fee for loan below Rs 30 lakh continues to be 0.25% of the loan amount.

IT stocks have opened the day on a weak note with Infosys Ltd, Tata Consultancy Services (TCS) and Wipro leading the losses. Industry major, Infosys Ltd has recently released its third quarter results for the financial year 2011-2012 (3QFY12). The company has reported a 14.8% quarter on quarter (QoQ) growth in its total revenues. The operating margins improved to 31.2% as compared to 28.2% seen during the previous quarter (2QFY12). This was on account of cost savings across all of the expense heads (all as a percentage of sales). Higher operating margins as well as higher other income led to a 24.4% QoQ growth in the net sales of the company. However, the company's management has lowered its full year guidance due to the uncertainty in the global markets. Further they have hinted on a slowdown in the IT industry on account of the troubles in the Euro zone as well as the slower growth in the developed markets. The stock has opened the day deep in the red.

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 "Infosys guidance drags Indian markets". 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.