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

Small cap stocks buck trend
Tue, 23 Apr 01:30 pm

With continued selling pressures, Indian share markets slipped deeper in the red in the post-noon trading session. Barring IT and pharma, all the sectoral indices are trading negative. Realty, banking and capital goods stocks are the major losers.

BSE-Sensex is down 93 points and NSE-Nifty is trading down 30 points. While BSE Mid Cap is down 0.5%, BSE Small Cap index is trading up by 0.2%. The rupee is trading at 54.3 to the US dollar.

Power stocks are trading mixed with Jaiprakash Power and JSW Energy being the major gainers and Indiabulls Power and PTC India being the biggest losers. As per a leading financial daily, the government has shelved the coal price pooling for power projects after a consensus on the likely impact of tariff could not be reached. Reportedly, the Cabinet Committee of Economic Affairs (CCEA) has decided that the power plants with capacity of 60,000 MW and commissioned before 2009 will continue to receive coal from Coal India (CIL) as before. However, the plants commissioned after 2009 can source imported coal from CIL on a cost-plus basis or import on their own. This development is likely to adversely impact private power producers that are developing projects awarded on a tariff-based bidding. However in a recent move, the Central Electricity Regulatory Commission (CERC) has allowed two power producers Adani Power and Tata Power to hike tariffs for power generated on imported coal from their Mundra power plants. Tata Power stock is down 0.8% whereas Adani Power stock is marginally up.

Automobile stocks are trading mixed with Bajaj Auto and Escorts leading among the pack of gainers while Tata Motors and Eicher Motors are the top losers. As per a leading financial daily, Maruti Suzuki (MARUTI) will be soon introducing a new version WagonR Stingray in its small car segment. Reportedly, this car will be complementing the WagonR series, which is one of the successful cars of Maruti Suzuki. Few years back WagonR was the second-largest selling car in the domestic market, but it slipped to fourth position in FY13. The new Stingray variant is expected to retain the position. This version was launched in Japanese market last year with several improvements which would also be updated in the Indian variant. The launch is expected in next few months.

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 "Small cap stocks buck trend". 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.