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

Markets Finish on a Weak Note
Mon, 28 Mar Closing

At the closing bell, the BSE Sensex closed lower by 371 points, while the NSE Nifty finished lower by 101 points. S&P BSE Midcap and S&P BSE Small Cap also ended the day lower by 1.4% and 1.7% respectively.

Asian markets finished on a negative note. Stock markets in Indonesia and China ended the day lower by 1.1% and 0.7% respectively. Oil prices were trading at US$ 39.82 a barrel at the time of writing. The rupee was trading at 66.66 against the US$.

Sectoral indices finished the day on a weak note with stocks from metal & mining, telecommunication and pharmaceutical sector witnessing maximum selling pressure.

As per an article in a leading financial daily, Tata Motors has signed a follow on contract with the Indian Army. The contract is to supply 619 units of its 6X6 HMV (high-mobility vehicle) multi-axle truck. The truck is meant for loading-unloading and transportation of ammunition pallets, spares and other operational equipment.

Reportedly, the truck has been designed to cope with extreme on or off-road loads. Developed indigenously, the truck has gone through various trials including deep water-fording on cross country terrains and plains.

The order placed comes on the back of an earlier order of 1,239 units of the 6X6 HMV by the Indian Army. This was the single largest order awarded to an Indian private original equipment manufacturer in land systems by the Indian Army under the Defence ministry's defence procurement procedure. The stock finished the day on a weak note (down 3.8%)on the BSE.

In another news update, Shree Cement is looking to expand capacity by another 10 million tonnes (mt) in the coming three years. This will take the company's overall capacity to 33.6 mt from the present 23.6 mt.

The company has lined up a capital expenditure (capex) of Rs 60 billion to construct three new clinker plants. The company will fund the expansion through internal accruals. While other companies have relied on the acquisition route to expand their capacity, Shree Cements has opted for the organic route to expand its business and portfolio. The stock finished the day on a weak note (down 1.5%) on the BSE.

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 "Markets Finish on a Weak Note". 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.