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 surge
Tue, 4 Mar 01:30 pm

Backed by persistent, broad-based buying Indian share markets soared higher in the post-noon trading session. Barring pharma, all sectoral indices are trading in the green with metal, banking and capital goods stocks being the biggest gainers.

BSE-Sensex is up 240 points and NSE-Nifty is trading 71 points up. BSE Mid Cap is trading 1% up and BSE Small Cap index is trading up by 0.9%. The rupee is trading at 61.9 to the US dollar.

As per a leading financial daily, a survey conducted by Confederation of Indian Industry (CII) and ASCON points to deterioration in the growth performance of industries with an increase in the number of sectors hit by the economic slowdown. As per the survey out of 110 sectors, the number of sectors witnessing contraction has risen from 21 sectors (21%) in December 2012 quarter to 31 sectors (28%) in December 2013 quarter. A major chunk of 58 sectors (53%) mainly in the basic, intermediate and capital goods sectors are in the low growth phase. Even the quantum of high growth sectors has narrowed down from 19 sectors (19%) in December 2012 quarter to 12 sectors (11%) in December 2013 quarter.

Power stocks are trading mixed today. While Torrent Power and Satluj Jal are leading among the list of gainers, Adani Power is trading weak. As per a leading business daily, about 20 power generating companies have approached the regulatory body Central Electricity Regulatory Commission (CERC) seeking higher tariffs for electricity generated from wind, solar and coal plants. The move comes after the regulator increased the tariff for Tata Power and Adani Power for their ultra mega power projects (UMPP). The two companies had successfully argued that the coal linked to their plant was increased by foreign country's norm which made their plants unviable. Taking cues from them, power companies are exploring opportunity from consultants and regulatory experts to charge higher rate than that prescribed under the power purchase agreements. Solar power firms have raised concerns about poor generation from solar radiations, especially in the states of Rajasthan and Andhra Pradesh. Further the concerns were also reported by coal generating plants for increased coal prices.

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 surge". 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.