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 stock markets trade firm
Wed, 25 Jan 01:30 pm

Indian stock markets indices traded in the green over the last two hours of trade led by sustained buying activity witnessed across industry heavyweights. Barring Capital goods, all the indices are trading in the green with software and Technology stocks leading the gainers.

The BSE-Sensex is up by 68 points, while the NSE-Nifty is up 22 points. BSE Mid cap index and the BSE Small cap index are up by 0.88% and 0.99% respectively. The rupee is trading at 50.04 to the US dollar.

Barring Tata Power and Torrent Power, power stocks are mainly trading in the green led by Jaiprakash Power and Neyveli Lignite. As per a leading financial daily, Power Grid Corporation of India Ltd (PGCIL) has been given board approval for two projects worth Rs 16.8 bn. Of the two, one project is for strengthening Raipur-Wardha Corridor for IPP (Independent Power Producer) Projects in Chhattisgarh. The estimated cost for this project is Rs 14 bn and is expected to be commissioned within three years from the date of approval. The other project is the transmission system for establishment of 400/220kV GIS substation at Magarwada in Daman & Diu. The estimated cost for this one is Rs 2.6 bn and is expected to be commissioned within two years from the date of approval. The stock is trading in the green.

Majority of the textile companies are trading in the green with Welspun India and Century Textiles trading the strongest. As per a leading financial daily, textile units are shifting base to Bangladesh to benefit from lower production costs. The textile industry profitability has been hit by the 10% excise levy on branded garments, rising interest rates and demand slowdown. The government recently removed the import duty on 46 textile items, mainly garments, from Bangladesh (as per Confederation of Indian Textile Industry). The garment imports previously attracted 10% ad valorem or specific duty, whichever is higher. To take advantage of duty concessions and cheap labour, textile companies, particularly from Kolkata, have started setting up units in Bangladesh. According to the Apparel Export Promotion Council, textile units importing from Bangladesh and selling in India will save 20% in their overall costs. Besides Bangladesh also extends a tax concession in textile exports to developed countries.

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 stock markets trade 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.