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 equity markets open in the green
Fri, 21 Mar 09:30 am

The major Asian stock markets have opened the day on a mixed note with the stock markets in Korea (up 0.7%) and Singapore (up 0.6%) leading the gains. However, the stocks markets in Japan (down 0.7%) and Taiwan (down 1.7%) were leading the losses. The Indian equity markets have opened the day on a firm note. Barring software and energy, the sectoral indices have opened in the green with the stocks in the metal and realty space leading the gains.

The Sensex today is up by around 29 points (0.1%), while the NSE-Nifty is up by about 7 points (0.1%). The mid and small cap stocks have opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.7% each. The rupee is currently trading at Rs 61.02 to the US dollar.

Auto stocks have opened the day mainly in the green with TVS Motors Ltd and Eicher Motors Ltd leading the pack of gainers. As per a leading financial daily, Ashok Leyland has recently launched its intermediate commercial vehicle Boss in the Delhi market. The vehicle has been priced between between Rs 10.5 lakh and Rs 12 lakh. It will be available in different tonnage segments - 9.6T, 11.9T and 12.9T. It is powered by a 120 HP H-series BS3 complaint engine. The vehicle is being manufactured at the company's Pantnagar plant. The management has said that through this launch, it is targeting customers who are looking for higher-productivity, high-performance vehicles in the ICV (intermediate commercial vehicle) segment.

Energy stocks have opened the day on a mixed note with Indian Oil Corporation Ltd (IOCL) and Gujarat State Petronet Ltd leading the losses. However, Gujarat Gas Ltd and Jindal Drill Ltd were witnessing gains. As per a leading financial daily, a key section of GAIL (India) Ltd's Rs 34 bn Kochi-Kuttanad-Bangalore-Mangalore gas pipeline project has been disrupted on account of land acquisition issues and stiff opposition by the Tamil Nadu government . The company has cancelled a supply contract worth Rs 2.5 bn awarded to engineering firm Fabtech for building 300 km of the 900 km pipeline. It is to be noted that pipeline links Petronet LNG's new liquefied natural gas (LNG) terminal in Kochi with Bangalore. It will ultimately be connected with the natural gas grid and will pass through other districts. Meanwhile, the work on the rest of the pipeline in Kerala and Karnataka is going on as planned. This development is a matter of concern for Petronet LNG as it affects the company's brand new Kochi LNG terminal's ability to distribute and market gas.

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 equity markets open in the green". 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.