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 share markets open firm
Thu, 19 Jun 09:30 am

Asian stock markets have opened on a mixed note with China (down 0.5%), Indonesia (down 0.3%) and South Korea (down 0.1%) leading the losses, while markets in Japan (up 1.6%) and Hong Kong (up 0.3%) are trading in the green.

The Indian share markets have opened the day on a firm note. Barring oil and gas, all sectoral indices have opened in the green with consumer durables and IT stocks leading the gains.

The Sensex today is up by around 115 points (0.5%), while the NSE-Nifty is up by 36 points (0.5%). The midcap and smallcap stocks have also opened in the green with BSE Mid Cap and BSE Small Cap indices up by around 0.8% and 1% respectively. The rupee is currently trading at Rs 60.12 to the US dollar.

PSU bank stocks have opened the day on a firm note with Dena Bank and Vijaya Bank leading the gains. As per credit rating agency ICRA, the asset quality of India's public sector banks is expected to continue witnessing stress in the current fiscal. The gross non-performing assets (NPA) of public sector banks stood at 4.4% at the end of March 2014. By March 2015, gross NPA levels are expected to be in the range of 4.4-4.7%. As of year ended March 2014, the tier-I capital of public sector banks stood at 8.6% as against the required 6.5% level. For the entire banking system, gross NPA levels stood at 3.9% as of year ended March 2014.

Energy stocks have opened the day on a mixed note with Chennai Petroleum and Indraprastha Gas leading the gains. However, Oil and Natural Gas Corporation (ONGC) and Gujarat Gas have opened in the red. As per a leading financial daily, Mukesh Ambani controlled Reliance Industries is set to implement projects with an investment of Rs 1.8 trillion in the next three years. The results of these investments would be visible FY17 onwards. The company is aiming to be among the world's top 50 companies, emerging as a major player in telecom and retail in addition to its traditional business of oil exploration and refining & petrochemicals. The company's new initiatives include the launch of broadband services in a phased manner in 2015. The investment for this initiative is pegged at Rs 700 bn. The company is also planning to expand its retail business where it sees huge potential for growth. For these investments, the company plans to raise loans which would take its net debt level to Rs 600 bn over the next couple of years, a huge jump from a net debt level of Rs 17.8 bn as of March 2014. However, the company expects to be debt-free by the end of financial year 2017-18.

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 share markets open firm". 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.