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 markets open in the red
Thu, 26 Feb 09:30 am

The major Asian stock markets have opened the day on a mixed note with stock markets in China (up 1.4%) and Japan (up 0.9%) leading the gains. However, stocks markets in Singapore (down 0.4%) and Taiwan (down 0.6%) have opened in the red. The Indian markets have opened on a weak note ahead of rail budget today. Barring oil and gas and metal, all sectoral indices have opened on a negative note with the stocks in the healthcare and realty segment leading the losses.

BSE-Sensex is currently trading lower by about 79 points (down 0.3%), while the NSE-Nifty is down by about 23 points (down 0.3%). Both midcap and small caps have opened in the red with the BSE Mid Cap andBSE Small Cap indices down by 0.3% and 0.2% respectively. The rupee was trading at Rs 61.96 to the dollar.

Oil and Gas stocks have opened the day on a mixed note with Oil and Natural Gas Corporation Ltd (ONGC) and Gujarat Gas leading the gains. However, Castrol India Ltd and HPCL Ltd were facing selling pressure. As per a leading financial daily, the government would wait for 5% stake sale in ONGC till crude prices stabilize at around US$70 a barrel . It is noteworthy that earlier, the sell off was supposed to happen in November 2014 and was estimated to fetch Rs 140 bn. However, with decline in crude prices, the company's financial health has suffered impacting the valuations. As such, the decision has been postponed.

Automobile stocks have opened the day mainly in the red with Bajaj Auto Ltd and Maharashtra Scooters Ltd leading the losses. As per a leading financial daily, Mahindra & Mahindra Ltd (M&M) is in talks with British Aerospace for an alliance as a part of its push into the defence sector. It is noteworthy that defence is now among the key priority sectors for Group Mahindra with alliance or acquisition energy focused on it. As per the sources, nothing has been concluded yet. One must note that M&M earlier had an alliance with British Aerospace but bought out its partner's 26% stake in their joint venture Defence Land Systems India (DLSI) in 2013.

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 markets open in the red". 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.