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

Mid & small caps outperform
Mon, 30 Mar 01:30 pm

Indian markets continue to trade on a strong note as BSE Sensex gained over 300 points and NSE-Nifty gained over 80 points, holding 8,400 levels in the process. BSE Mid Cap and BSE Small Cap indices have clearly outperformed the market as midcap stocks gained more than 1.2% and smallcap stocks gained over 2% in the first half of the trading session. Among the sectoral indices Capital Goods gained the maximum with over 2% gains while Oil & Gas lost the most.

Commodities continue to trade in the red. While the gold prices, per 10 grams, lost 0.8% or Rs 200; silver prices, per kilogram lost over 1.4% or Rs 550. Crude oil prices resumed it downward trend as concerns over Yemen war eased. Per barrel, crude oil prices tanked nearly 4%. US Dollar has shown strength in today's trading session as it gained about 0.4% or 0.24 and is currently trading at Rs 62.65 against the Indian Rupee.

Barring few stocks, all the engineering companies are trading in the green. TRF Ltd and BEML are leading with gains. Shares of Crompton Greaves gained ground as it was awarded an order worth Rs 1.15 bn from Powergrid. The order involves supplying 80 MVAR 765kv shunt reactors. The order is scheduled to be completed within 20 months. The project also includes design, engineering, shop testing, erection testing and commissioning. Shares of the company increased as much as 1.2% after such developments.

Apart from Hindustan Zinc and Sesa Sterlite all the companies within the mining sector are trading in the green. NMDC gained over 1.5% after the company said that it has commissioned Bailadila iron order deposit 11B in Chattisgarh. This facility has been established on the back of Rs 6 bn investment. With the addition of this unit the total production output of the Bailadila district has increased to 32 Million Tonnes Per Annum (MTPA) from 25 MTPA. The company aims to achieve the milestone of 100 MTPA .

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 "Mid & small caps outperform". 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.