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

Good start to the week
Mon, 19 Jan Closing

The Indian markets ended the day on a firm note today, with the BSE-Sensex closing higher by 140 points or 0.5%. The NSE-Nifty closed higher by 37 points or 0.4%. Barring stocks from the IT space, buying was seen across the board with power and consumer durables stocks leading the pack. Mid and smallcaps were in favour today as well with their representative indices ending higher by about 0.5% and 0.8% respectively.

Barring China (down 8%), Asian markets ended the day on a firm note; European stocks were trading mix at the time of writing. The Rupee was trading at 61.7 to the Dollar.

Oil and gas stocks ended the day on a firm note with GAIL, Reliance Industries and Cairn India leading the pack of gainers. As reported by the Business Standard, Reliance Industries is looking to cut investments in its three US shale ventures given the lower energy prices. The company is looking to optimize its operating and capital expenditures in these ventures, which were expected to contribute to the company's profitability in the current year. As per the business daily, the amount invested in these businesses stood at about US$ 8 bn till date, with the capex for the quarter ended December 2014 being about US$ 260 m.

In the quarter gone by the price of crude has declined by over 40% while gas prices have declined by a fourth. However, as per the company, production volumes at these units remains strong, thus helping maintain financial performance as higher volumes offset the sharp decline in prices.

Mining stocks ended the day on a firm note led by Hindustan Zinc and NMDC. Coal India is aiming to increase its production to 1 bn tonnes per annum by 2020. For this, the company is identifying key projects to help it achieve the target. It may be noted that this is not a new approach for the company as a large portion of the current output comes from a handful of opencast mines. As reported by the Hindu Business Line, the projects would be brought under a comprehensive development plan and will be kept under close monitoring of the Coal Ministry. During 1HFY15, the company produced a total of 211 m tonnes, a figure higher by 5% YoY as compared to corresponding period last year. Coal production during FY14, stood at 462 m tonnes.

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 "Good start to the week". 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.