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 flat
Mon, 13 Feb 11:30 am

Indian stock market indices traded flat over the last two hours of trade. Consumer durables and Oil and gas stocks witnessed maximum buying interest, while realty and capital goods stocks witnessed maximum selling pressure.

The BSE-Sensex is up by 25 points, while the NSE-Nifty is up by 1 point. BSE Mid cap index and the BSE Small cap index are up by 0.34% and 0.37% respectively. The rupee is trading at 49.25 to the US dollar.

Real Estate stocks are trading in the red led by DLF Limited and D B Realty. DLF Limited has announced results for the quarter ended December 2011. On a consolidated basis, the company has reported a 17.9% YoY decline in total income and a 44.5% YoY decline in net profits. The drop in profits were due to slowing sales and rising commodity costs as 13 interest rate hikes by the Reserve Bank Of India (RBI) pushed up the cost of repayments and deterred potential homebuyers. The company's net debt fell by Rs 1.6 bn during the third quarter of this fiscal to Rs 227.5 bn and it expects to raise around Rs 60 bn by the end of next fiscal from sale of non-core assets. The company and its subsidiaries have received an additional tax notice of Rs 11.3 bn for the 2009-10 assessment year.

PSU Banking stocks are trading weak led Bank of Maharashtra and Syndicate Bank. As per a leading daily, Bank of Baroda is expecting its business to grow by 24% YoY by the end of March 2012. The PSU bank is aiming to achieve a total business of more than Rs 6,500 bn by March end. The bank is targeting a 20% growth in domestic credit for this year. It grew by 19% till the end of December 2011. The growth in global credit was 24% to 25%. Bank of Baroda expects to maintain same kind of growth rates in the future too. As per the management, the central government will infuse a capital of Rs 7.75 bn in the bank. With this, the capital adequacy ratio of the bank by the end of the year is expected to go up to 14% from the current 13.45%.

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 flat". 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.