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 weaken
Wed, 30 Jan 01:30 pm

With index heavyweights witnessing selling pressure, Indian share markets further pared gains and remained volatile around the dotted line in the post noon trading session. Sectoral indices are trading mixed with FMCG, capital goods and power stocks being the biggest losers. Realty, consumer durables and oil and gas stocks are leading the gains.

The BSE-Sensex is up 13 points and the NSE-Nifty is trading up by 8 points. While BSE Mid Cap is up by 0.1%, BSE Small Cap index is down by a similar magnitude. The rupee is trading at 53.5 to the US dollar.

Most of the telecom stocks are trading in the red with AGC Networks and Idea Cellular being the biggest losers. As per a leading financial daily, Bharti Airtel has submitted bid to acquire telecom license in Myanmar. Global players like Norway's Telenor and Malaysia's Axiata are also in the fray to bid for license to provide mobile telephony services in Myanmar. Apart from India, Bharti Airtel offers services in Bangladesh, Sri Lanka and 17 countries in South Africa. Myanmar has been attracting interest of global telecom firms after easing of international sanctions on it in response to political reforms under the quasi-civilian government that came into power in 2011. Bharti Airtel stock is currently down 0.8%.

Most of the pharma stocks are trading mixed with Shasun and Strides Acrolab being among the top gainers and Ajanta and Divi's among the losers. Glenmark Pharmaceuticals announced its 3QFY13 results. The topline grew by 34% YoY during the quarter led by growth in both its specialty and generics businesses. The company has received licensing income of Rs 493 m from Forest labs. Even after excluding this onetime income, topline witnessed growth of 32% YoY. Operating margins improved by 13% and the net profit margin also improved by 11% due to overall improvement. The company also announced the discontinuation of its Revamilast program for Rheumatoid Arthritis indication. However, it will continue trials for Asthma indication. The stock is trading down by 2%.

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 weaken". 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.