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 End Below 8650
Mon, 16 Mar Closing

Indian markets ended today's day with moderate losses. Markets hopped in between small gains and declines throughout the day but due to constant selling pressure, ended the day in the red. BSE-Sensex lost about 65 points while NSE-Nifty lost about 15 points. Among sectoral indices, capital goods and metals lost the maximum while IT and pharma stocks balanced the losses with some gains.

The S&P BSE Midcap and S&P BSE Smallcap indices were volatile during today's trading session. While the midcap index lost 0.3%, the smallcap index lost about 0.9%. Commodities, continued to face selling pressure. Gold prices, per 10 grams declined about 0.2% or Rs 50 and is trading at Rs 25,830 while Silver prices pared early gains is trading with small profits. Silver prices, per kilogram, gained Rs 70 or 0.2% and is trading at Rs 35,600 levels. The Indian rupee against the U.S. Dollar declined 0.2% or 0.15 and is trading at Rs 62.82.

European markets gained on the back of ECB decision of initiating the bond-purchase program early this month. The European indices DAX, CAC and FTSE are trading with robust gains of 1%, 0.9% and 0.5% respectively.

The consumer durables sector registered gains of about 0.4%. However, Blue Star closed today session with 0.8% losses after gaining earlier in the day. The company has announced that it would be shifting one of its arms in to a wholly-owned subsidiary. The company's business arm named Professional Electronics & Industrial Systems (PE&IS) will be shifted to Blue Start Engineering & Electronics. This transition would be valued at Rs 1.1 billion. The transition is expected to churn more revenues for PE&IS. Revenues for the arm for financial year 2013-14 stood at Rs 1.22 billion.

Although IT was today's biggest gainer, Persistent systems lost over 5% during today's trading session. Investor confidence towards the company was shaken after the software firm provided guidance below the investors' expectation. The company informed its shareholders that the company's dollar revenue might be impacted in fiscal 2015 as its one of the biggest customers had changed its business. The company further said that margins might also be hit owing to fall in the dollar income. However, the company is optimistic about its opportunities and market positioning in fiscal 2016.

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 End Below 8650". 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.