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 equity markets trade flat
Tue, 12 Jun 11:30 am

Indian equity markets continue to trade weak over the last two hours of trade. Pharma and FMCG stocks witnessed maximum selling pressure while Consumer Durable and Banking stocks witnessed maximum buying interest.

The Sensex today is up by 2 points, while the NSE-Nifty today is down by 1 point. BSE Mid Cap index and the BSE Small Cap index are down by 0.04% and 0.09%. The rupee is trading at 55.98 to the US dollar.

Real Estate stocks are trading strong led by Sobha Developers and Oberoi Realty. According to a leading financial daily, DLF has completed the sale of its hotel subsidiary, DLF Hotels & Hospitality to a Kolkata-based consortium of Avani Projects, Square Four Housing and Infrastructure Private for Rs 5.6 bn. The subsidiary which owns land parcels in four cities was started in a joint venture with leading hospitality chain Hilton International. Under the deal, Avani will be in charge of Kolkata and Chennai projects that has land parcel of 6 acres and 6.6 acre, respectively. Square Four will be in charge of Mysore (2.4 acres) and Thiruvananthapuram (2.14 acres). The acquirers will build luxury hotel only in Kolkata land, while in other places there will be residential and commercial units.

Energy stocks are trading strong led by Bharat Petroleum Corporation Limited (BPCL) and Essar Oil. According to a leading financial daily, Oil and Natural Gas Corporation (ONGC) has extended its pact with Hinduja group by a year for sourcing liquefied natural gas (LNG). ONGC had earlier signed a Memorandum of Understanding (MoU) with Hinduja group company Ashok Leyland Project Services Limited (ALPS) regarding a LNG deal. As per the agreement, the two firms would form a company which would source LNG from Iran, Qatar, Kuwait, Libya, Oman, Saudi Arabia and UAE. The MoU has expired in May and both the parties have mutually decided to extend their pact by a year.

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 equity markets trade flat". 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.