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

Autos lead Indian markets in to losses
Thu, 3 May 09:30 am

Asian stock markets have opened the day on a negative note. Markets in Hong Kong (down 0.6%), China (down 0.4%) and South Korea (down 0.4%) are leading the losses in the region. However, markets in Japan (up 0.3%) are witnessing buying interest. The Indian stock markets have opened the day on a negative note as well. Stocks in the auto and realty sectors are witnessing maximum losses.

The BSE-Sensex is down by around 98 points (0.6%), while the NSE-Nifty is down by around 32 points (0.6%). Mid and small cap stocks are trading in the red as well with the BSE Mid cap and BSE Small cap indices down by around 0.3% and 0.2% respectively. The rupee is trading at Rs 53.22 to the US dollar.

Auto stocks have opened the day in the red with Hero MotoCorp, Bajaj Auto Ltd and Maruti Suzuki leading the pack of losers. India's second largest two wheeler manufacturer Bajaj Auto Ltd has posted its sales number for the month of March 2012. The company has reported a sale of 381,590 units which is approximately 3.9% YoY higher than the 367,309 units sold during the same period last year. The sales were driven by the motor cycles unit which recorded a growth of 6% YoY. However, commercial vehicles played spoil sport on the total sales number. The sales of commercial vehicles recorded a decline of 13% YoY to 39,266 units. Exports during the month rose by 7% YoY to 169,010 units. The company hopes to outpace the overall industry during the financial year 2012-2013. This would be on the back of new launches that it plans to release in the coming months.

Power stocks have opened the day on a negative as well. Barring National Hydro Power Corporation Ltd, all power stocks are trading in the red led by Tata Power and GVK Power and Infra. As per a leading financial daily, the power ministry will allow a hike in tariffs for new projects in case of an increase in fuel costs. The ministry will also not oppose an increase in domestic gas prices. The move will help new power projects such as the next set of ultra mega power plants (UMPPs) and gas-fired electricity plants that have capacity above 7,000 MW (Megawatt) that have been built but are lying idle because of shortage of fuel. The move will be beneficial for private power producers that are expected to add 60% of the new capacity as per the next five year plan. It allays concerns over uncertainty over fuels and tariffs and will bring them relief.

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 "Autos lead Indian markets in to losses". 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.