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 open firm
Thu, 18 Apr 09:30 am

Barring Singapore (up 0.2%), most major Asian stock markets have opened the day on a weak note with stock markets in South Korea (down 0.6%) and Japan (down 0.3%) leading the losses. The Indian share markets have opened the day on a firm note. Stocks in the oil and gas and information technology space are leading the gains. However, banking and consumer durables stocks are trading weak.

The Sensex today is up by around 37 points (0.2%), while the NSE-Nifty is up by around 8 points (0.1%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.2% each. The rupee is trading at Rs 54.03 to the US dollar.

Information technology stocks have opened the day on a firm note with Infosys, HCL Technologies and NIIT Ltd leading the gains. Tata Consultancy Services (TCS) has announced its results for the fourth quarter of financial year 2012- 2013 (4QFY13). The net sales for the quarter grew by 2.2% on a quarter on quarter basis. The operating margins for the quarter decreased by 1% QoQ to 26.3% as compared to 27.3% seen during the previous quarter (3QFY13). The net profits grew by 1.8% QoQ on an absolute basis and the net profit margin dropped marginally to 22% from 22.1% witnessed in the last quarter. The net profits were boosted by growth in the other income. During the quarter, the company added a net of 12,559 employees.

Power stocks have also opened the day on a firm note with National Thermal Power Corporation (NTPC), Neyveli Lignite and Jaiprakash Power leading the gains. As per a leading financial daily, power ministry is likely to approach Competition Commission of India (CCI) in case a meeting between Minister of state for power Mr Jyotiraditya Scindia and Coal Minister Mr Sriprakash Jaiswal today fails to settle the dispute between Coal India Ltd. (CIL) and NTPC over the quality of fuel supplies. It is important to note here that both the companies have been battling on the issue of quality of coal. NTPC has blamed CIL for supplying inferior quality of fuel. NTPC, as such, has refused to sign fuel supply agreement (FSA) with Coal India. Coal India's eastern subsidiary earlier this month had stopped supply to NTPC claiming that the power producer had not cleared dues since October 2012. Post government intervention, CIL had restored 50% supplies pending resolution of the issue.

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 open firm". 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.