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 share markets open firm
Fri, 18 Jan 09:30 am

Barring Malaysia (down 0.2%), the major Asian stock markets have opened the day on a positive note with stock markets in Japan (up 2.6%) and Indonesia (up 1.0%) leading the pack of gainers. The Indian share market indices have also opened the day on a positive note. Stocks in the energy and PSU space are leading the gains. However, the stocks in the auto and technology sector are witnessing losses.

The Sensex today is up by around 115 points (0.6%), while the NSE-Nifty is up by around 31 points (0.5%). Mid and small cap stocks have opened in the green with the BSE Mid Cap and BSE Small Cap indices up marginally by around 0.3% and 0.4% respectively. The rupee is trading at Rs 54.06 to the US dollar.

Telecom stocks have opened the day on a mixed note with Idea Cellular Ltd and Mahanagar Telecom Nigam Ltd (MTNL) leading the gains. However, Bharti Airtel is facing selling pressure. As per a leading financial daily, the country's top three GSM carriers - Bharti Airtel, Vodafone and Idea Cellular have jointly lost 5.17 million subscribers in the month of December 2012. The three together account for nearly 67% of the telecom sector's revenues. Of these, Bharti Airtel Ltd has lost about 1.70 million users in December. As such, the company's total customer base has declined to 181.91 million with a market share of 27.7%. Another leading telecom company, Idea Cellular has lost 0.20 million mobile subscribers in December. Following this, the company's total subscriber count stood at 113.95 million with a market share of 17.34%.

Auto stocks have opened the day on a weak note with Hero MotoCorp Ltd and Mahindra & Mahindra Ltd. leading the losses. The country's largest two wheeler manufacturer Hero MotoCorp Ltd has announced results for third quarter of the financial year FY13 (3QFY13). The company reported a 2.8% year on year (YoY) growth in the net sales. The sales volume for the quarter stood at 1.57 m, down marginally by 1% YoY. The net profits for the quarter were down by 20% YoY. This was mainly due to slowdown in the vehicle sales and higher expenses. The expenses went up mainly because of higher raw material costs, advertising costs and expenditure on brand building initiatives. As per the company management, the last two quarters have been challenging for the Indian automobile industry due to delayed monsoons, rising fuel prices and subdued sentiments.

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 firm". 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.