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?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

End of Year Sale!
Grab Our Small Cap Recommendation
Service at a 60% Discount




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 markets trade firm
Fri, 2 May 11:30 am

After opening in the green, the Indian Indices have shed some gains in the last two hours of trading and are trading firm. Maximum buying is seen in Healthcare stocks; while profit booking is seen in Engineering and Metal stocks.

The BSE-Sensex is trading up 58 points and the NSE-Nifty is trading up 21 points. The BSE Mid Cap index is trading up 0.7% and the BSE Small Cap index is trading up 0.9%. The rupee is trading at 61.20 to the US dollar.

According to the data released by the Ministry of Commerce and Industry; India's core sector growth has been disappointing in the month of March, 2014. It slowed to 2.5% from 7% in the corresponding month of last year. The slow growth was on account of decline in output of crude oil, natural gas and fertilizer. The eight core industries -- fertilizers, cement, steel, electricity, crude oil, coal, petroleum refinery products and natural gas together contribute 38% to the Index of Industrial Production. For FY14, core sector growth slowed to 2.6 % from 6.5% in FY13. In January and February, the eight core sectors grew by 1.6 % and 4.5% respectively.

Engineering stocks are trading mixed today. Suzlon Energy and Voltas are leading the gainers; while Cummins India and Alstom T&D are leading the pack of losers. BHEL has entered into an initial agreement with the government of Yemen for setting up solar power projects. BHEL has signed a Memorandum of Understanding (MoU) with the Ministry of Electricity and Energy (Yemen) for setting up Solar Photovoltaic (PV) based power plants at different locations in Yemen. Also, BHEL is presently executing a 400 MW Gas Turbine based power plant, Marib Phase-II, in Yemen. BHEL has been facing a slowdown in domestic business on account of delay in capacity addition due to economic downturn and policy hurdles. Therefore, the company has been expediting efforts to increase its exposure to export markets particularly Middle East and the gulf nations. BHEL is trading 1% down today.

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 markets trade 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.