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

Volatility mars Indian indices
Tue, 14 May Closing

Indian equity markets had a rather volatile trading session today. The indices began the day's proceedings on a strong note and subsequent trading hours saw them oscillate to either side of Monday's close with the indices eventually closing the day in the green. While the BSE-Sensex closed higher by 30 points, the NSE-Nifty closed higher by 14 points. Both the BSE Mid Cap and the BSE Small Cap closed flat. Maximum buying interest was seen in pharma and Power stocks.

As regards global markets, Asian indices closed in the green. European indices have opened in the red. The rupee was trading at Rs 54.74 to the dollar at the time of writing.

The wholesale price index (WPI) based inflation plunged to sub-5 level to stand at 4.89% in April against 5.96% in the previous month. This is the lowest level since last seen in 2009. In broad categories, inflation in food items declined to 6.08% in April from 8.73% in the previous month and to 8.84% from 10.18% in fuel and power. The only caveat is that these are provisional numbers and nowadays these figures are sharply revised. Provisional inflation numbers at 6.84% in February were revised to 7.28%. While the upward revision to February's WPI inflation is an issue, the revisions appear to be stalling, given that the changes are coming largely from volatile food items. Today's WPI inflation report provides room for the RBI to cut policy rates at its 17 June policy meeting. However, given that consumer price inflation is still on the higher side, one will have to see whether the central bank bites the bullet.

According to a leading financial daily, Bharat Heavy Electricals (BHEL) is planning to invest Rs 5 bn for setting up a new Power Equipment Fabrication Plant at Bhandara in Maharashtra. BHEL intends to start production in this factory in 24 months from the completion of land acquisition activity. It is hopeful that the turnover from this new plant will progressively rise to approximately Rs 10 bn. The factory will be supported by BHEL's manufacturing unit at Trichy. BHEL's other units at Bhopal, Haridwar, Ranipet and Hyderabad will also extend support through their fabrication works. The plant will provide direct employment to 700 people.

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 "Volatility mars Indian indices". 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.