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

Mid and Small Caps buck the trend
Thu, 9 Feb 11:30 am

Indian stock market indices traded weak over the last two hours of trade. realty and Auto stocks witnessed maximum buying interest, while IT and Oil and gas stocks witnessed maximum selling pressure.

The BSE-Sensex is down by 42 points, while the NSE-Nifty is down by 10 points. BSE Mid cap index and the BSE Small cap index are up by 0.63% and 0.77% respectively. The rupee is trading at 49.30 to the US dollar.

Steel stocks are trading strong led by JSW Ispat and JSW Steel. According to a leading financial daily, Steel Authority of India (SAIL) is setting up a Rs 16 bn universal rail mill at its Bhilai facility in Chhattisgarh to produce single 130 meters rails. The rail mill will have a 1.2 m tonne capacity and it will be the first time that any company is producing heavy rails in India. SAIL is already the sole supplier of rails to the Indian Railways and the company has contributed about 7% of the total freight business of the Indian Railways in India in both volume and monetary terms. Till date SAIL has supplied over 16 m tonnes of rails to the Railways.

IT stocks are trading in the red led by Tata Consultancy Services (TCS) and Wipro. According to a leading financial daily, Tata Consultancy Services (TCS), the leading IT services, consulting and business solutions firm, has inked a pact with Mitsubishi Corporation, an integrated global business enterprise to form a new joint venture (JV) - Nippon TCS Solution Center for the Japanese market. The company will invest US$ 5 m and will have 60% holding in the joint venture. It will also establish a near shore delivery centre in Japan and have 1,500 employees. Nippon TCS Solution Center will offer a full-service suite of IT, business process outsourcing (BPO) and infrastructure services to Japanese corporations. This is only the second time that TCS has opted for a JV route to enter a new market. TCS has presence in China since 2002 and chose the JV route with the government there in 2007, as it started to expand into the domestic Chinese market. TCS has had presence in the Japan market for close to 20 years.

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 "Mid and Small Caps buck the trend". 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.