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 share markets stagnate
Tue, 9 Apr 01:30 pm

Indian share markets pared initial gains and traded marginally above the dotted line in the post-noon trading session. The sectoral indices are trading mixed with banking, metal and auto stocks leading the gains whereas IT, FMCG and consumer durables stocks are among the major losers.

BSE-Sensex is up 7 points and NSE-Nifty is trading up 21 points. While BSE Mid Cap is up 0.2%, BSE Small Cap index is trading up by 0.3%. The rupee is trading at 54.5 to the US dollar.

Majority of the engineering stocks are trading in the green with Opto Circuits and Punj Lloyd being the biggest gainers. However, Manugraph India and Bharat Electricals are among the leading losers. As per a leading financial daily, Swedish engineering company ABB has said that it will continue to invest $ 100 m annually like it did in the past five years, even as power equipment companies in the Indian market are facing tough times. The company has said that it is looking at the next stage of growth when the Indian market turns around through the right policies. The company is utilizing this period to improve and expand its factories, increase product range, automate lines and build new factories. ABB's upcoming factory in Savli near Vadodara for new gas-insulated switchgear will be commissioned by 2013-end. The company is also commissioning a new factory for dry transformers at Savli and is also expanding existing facilities at Bangalore and Nelamangala. ABB offers solutions in the entire value chain beginning from mining equipment automation to optimization of generation to energy efficiency. The company is looking at opportunities in new areas such as renewable energy, metro projects and data centres of telecom and IT sectors. ABB stock is marginally up.

Most of the steel stocks are trading in green with Taya Rolls and Maharashtar Seamless being the major gainers. According to data compiled by Joint Plant Committee, steel consumption in the country registered a growth of mere 3.3% to 73.3 m tonnes in FY13. The growth has been impacted by the slowdown in the economy and is in fact the slowest in the past three years. Total steel production during the year grew by 2.5% to 75.5 m tonnes.

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 share markets stagnate". 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.