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

Markets recover but still in red
Wed, 8 Jun 11:30 am

Indian stock market indices have been trading weak over the last two hours of trade on selling witnessed in index heavyweights. Oil and gas and technology stocks are the top losers while FMCG and capital goods are trading firm.

The BSE-Sensex is down by 22 points while NSE-Nifty is trading 9 points below previous closing. BSE Midcap and BSE Small cap indices are up by 0.5% and 0.6% respectively. The rupee is trading at 44.60 to the US dollar.

Power stocks are trading in the green led by Coal India and NTPC. As per a leading financial daily, Reliance Power and Lanco Infratech are all set to receive coal supply for their newly commissioned projects. The coal will be supplied to these power projects that have a combined capacity of 12,200 megawatt. As per a power ministry official, the projects to be commissioned in first quarter of 2011 would only get 40% of assured supply. However, the older plants would be entitled to receive 70-78% of committed amount. It may be noted that thermal power projects are facing shortage of fuel supply. The industry requires 95 m tonnes coal but only 41 m tonnes are available.

Foods and tobacco stocks are trading firm led by Tata Global Beverage and ITC. As per a leading financial daily, ITC has tied up with major companies like Maruti Suzuki, Nokia and State Bank India (SBI) to extend its rural footprint. ITC plans to add more products from these companies to its rural distribution channels. Presently, ITC's rural distribution channel includes 6,500 e-Choupals which cover 50,000 villages. As per a company spokesperson, ITC's rural focus is to add more products to its distribution channels rather than opening new outlets. This would help increase the consumer engagement on the back of new brands. This in turn will help ITC leverage its Choupal Haats business model. Consumer would be able to access information and awareness on various products, services, schemes available to them, trends and opportunities at the Choupal Haats.

It may be noted that ITC introduced e-Choupal Version 3.0 or Choupal Haats a few months back. The strategy behind this new version of e-Choupal is to insulate the existing e-Choupal model from risks of reversal in government's agri-reforms by helping the company discover new anchor businesses.

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 "Markets recover but still in red". 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.