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
Mon, 24 Mar 09:30 am

Barring Taiwan (down 0.1%), most major Asian stock markets have opened the day on a positive note with the stock markets in Japan (up 1.9%) and Hong Kong (up 1.1%) leading the gains. The Indian equity markets have opened the day on a firm note as well. All the sectoral indices have opened firm with stocks in the banking and oil and gas space leading the gains.

The Sensex today is up by around 183 points (0.8%), while the NSE-Nifty is up by about 51 points (0.8%). Mid and small cap stocks have also opened in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.6% and 0.4% respectively. The rupee is currently trading at Rs 60.90 to the US dollar.

Oil and gas stocks have opened the day in the green with Oil and Natural Gas Corporation (ONGC) and Reliance Industries leading the pack of gainers. As per a leading financial daily, state-run Bharat Petroleum Corporation Ltd (BPCL) has finalised a plan to developed its Assam-based Numaligarh Refinery as an export hub for petroleum products to neighbouring countries such as Bangladesh and Nepal. The company is planning to lay a 130-km oil pipeline connecting the refinery's marketing terminal at Siliguri in West Bengal with Parbatipur in Bangladesh. The cost of setting up the pipeline will be Rs 2 bn. It will have a carrying capacity of 1 million metric tonne per annum (mmtpa) of high speed diesel (HSD). It must be noted that BPCL has already signed an agreement with Nepal's Birat Petroleum for supplying petroleum products.

Mining stocks have opened the day on a firm note with Coal India Ltd and National Mineral Development Corporation (NMDC) leading the gains. As per a leading financial daily, Coal India Ltd is set to raise a new cadre of officers who will manage the company's corporate social responsibility (CSR) initiatives. In its last meeting, the company's board had cleared the proposal to recruit about 120 officers in the CSR cadre this year. It is worth noting that this is the first time that such a large team is being organised for CSR initiatives in any private or public sector company in India. During the financial year 2014-15, Coal India and its eight subsidiaries plan to spend about Rs 3 bn on CSR activities.

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.