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 remain firm
Thu, 12 Mar 01:30 pm

Indian markets have held on to the gains since morning. BSE-Sensex has gained about 0.8% while the NSE-Nifty has gained about 0.7%. BSE Sensex is trading higher by over 200 points while NSE Nifty is trading higher by 70 points. S&P BSE Midcap and S&P BSE Smallcap indices have outperformed the market with gains of over 1%. Among sectoral indices, the automobile index has outperformed the market. Commodities are trading in the green after yesterday's profit booking. Gold prices, per 10 grams, has increased by 0.6% and is trading at Rs 25,800 levels while silver prices, per kilogram, has increased over 1% and is trading at Rs 35, 480 levels. Crude oil prices has gained over 1.25% and is trading at Rs 3,040 per barrel. Indian rupee has declined 0.44% and is trading at Rs 62.50 per US Dollar.

Asian stocks closed in the green as investor optimism touched a new high following the Bank of Korea's rate cut. Japanese, Chinese, Hong Kong and Taiwanese markets closed in the green with 1.4%, 1.8%, 0.2% and 0.8% gains. Korean markets, however, lost 0.5%.

The industrial production and inflation figures are due to be released today. As per a leading daily, the Consumer Price Index (CPI) for the month of February may increase to 5.26% compared to previous month's reading of 5.11%. Increase in food prices would primarily be responsible for the gain in CPI. Food prices gained 6.13% in the previous month compared to 4.78% on a MoM basis According to leading financial sources, unseasonal rain is expected to effect the March CPI.

According to leading financial sources, January's reading for industrial production may slow down to 0.5% compared to 1.7% MoM. Experts believe the figure to fall anywhere between -1.7% and +2.3%. Moderation in sale volumes reported by automobile manufacturers and slowdown in the core sector are likely to be the main factors for slowdown in industrial production. Moreover, exports for the month of January declined 11.2% while the consumer durables sector fell 9% compared to 14.5% MoM.

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 remain firm". 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.