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
Fri, 27 Jun 09:30 am

The major Asian stock markets have opened in the red with Japan (down 1.6%) and Indonesia (down 0.5%) leading the losses. However, the Indian share markets have opened the day on a firm note. Barring auto, all sectoral indices have opened in the green with stocks in consumer durables and healthcare sector leading the gains.

The Sensex today is up by around 109 points (0.4%), while the NSE-Nifty is up by around 34 points. The midcap and smallcap stocks have opened in the green with BSE Mid Cap and BSE Small Cap indices up by around 0.6% and 0.8% respectively. The rupee is currently trading at Rs 60.11 to the US dollar.

Banking stocks have opened the day mainly in the green with Canara Bank Ltd and Punjab & Sind Bank Ltd leading the gains. However, Indian Overseas Bank and United Bank of India were leading the losses. In its bi-annual Financial Stability Report released yesterday, the Reserve Bank of India (RBI) has stated that the risks to the stability of Indian bankshave increased in the six months ended 30 March 2014. As per the report, the asset quality stress remains high and lenders are weighed down by the slow pace of economic expansion and high inflation. As per RBI estimates, the gross non-performing assets (NPAs) of lenders are likely to remain steady at 4-4.1% by the end of FY 15, compared to 4% at the end of March 2014. However, NPA ratio is likely to go up to 5.5% if macroeconomic conditions deteriorate.

Engineering stocks have opened the day on a mixed note with Manugraph India Ltd and TRF Ltd leading the gains. However, Shanthi Gears Ltd and Voltamp Transformers Ltd were facing maximum selling pressure. As per a leading financial daily, L&T Technology Services, a wholly- owned subsidiary of Larsen & Toubro (L&T) Ltd has announced that it has bought 74 % of the equity capital of Thales Software India. The latter is the Indian subsidiary of Thales, the global technology leader in aerospace, transportation and defence and security markets. The amount involved has not been disclosed. With this, L&T will manage and oversee the management control, operations and delivery of services of the new joint venture. The move comes at a time when L&T is aiming to be one of the largest technology services providers in the country by taking both its tech subsidiaries -- L&T Technology Services and L&T Infotech -- public. As per the management, the company will start the process for listing the two firms from July 2016.

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.