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

Indian markets trade in the green
Tue, 10 Jun 11:30 am

After opening the day on a muted note the Indian indices have moved above the dotted line in the last two hours of the trading session. The sectoral indices are trading mixed. IT stocks are trading in the green while Banking stocks leading the losers.

The BSE-Sensex is trading up 80 points and the NSE-Nifty is trading up 35 points. The BSE Mid Cap index is trading down 0.6%, while the BSE Small Cap index is trading down 0.5% today. The rupee is trading at 59.2 to the US dollar.

Most of the Energy stocks are trading lower today. Gujarat Gas and Jindal Drill are leading the losers. According to a leading business daily; Oil marketing firms are in bound to see an improved performance in FY15. This is due to the appreciation of the rupee as well as the stability in international crude prices. In addition to this, the partial but steady deregulation of diesel prices on a monthly basis has reduced the under recoveries to a large extent. The bottomlines of the downstream companies is expected to increase by Rs 33-36 bn in FY 15. The under recoveries had increased the short term working capital needs of these firms and had resulted in huge interest payments. This can now be expected to reduce going forward.

Engineering stocks are trading mixed today. Sanghvi Movers and Suzlon Energy are leading the gainers; while BHEL and Punj Lloyd are leading the losers. As per a leading business daily; Larsen and Toubro (L&T) plans to raise Rs 36 bn (US$600 m), by selling equity shares to financial institutions. The company is seeking approvals to authorize its board to raise funds through issue of equity shares through QIP, convertible bonds, equity shares through depository receipts of an amount not exceeding Rs 36 bn (US$600 m), whichever is higher.After the formation of a stable government; the business scenario is expected to improve for Engineering, Infrastructure and Financial sectors. As a result, many companies from these sectors are likely to tap the markets to raise funds to finance their working capital requirements as well as expand their businesses. L&T 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 in the green". 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.