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 mirror Asia
Wed, 30 Jun 11:30 am

After starting today's session on a negative note, Indian indices have continued to languish in the red on the back of persistent selling activity across index heavyweights. Other key Asian markets are also in the red. Stocks from the IT and realty space are trading in the red while stocks from the oil & gas and FMCG spaces are witnessing buying interest.

The BSE-Sensex is trading down by around 41 points, while the NSE-Nifty is flat. Mid and small cap stocks are trading mixed with the BSE-Midcap trading lower by 0.2% and the BSE-Smallcap trading with a 0.06% gain. The rupee is trading at 46.60 to the US dollar.

Auto companies are trading mixed with M&M and Exide Industries being in the green. TVS Motors and Tata Motors are trading in negative territory. Apollo Tyres, the second largest tyre company by sales, announced that it would be increasing tyre prices in the coming week. This is on account of rising natural rubber prices. The prices of this commodity have increased by over 150% during the last one and half years. This will be the fourth price hike the company has had since January 2010. Overall prices of tyres have increased by 8-10% so far this year. A further hike of 25% in tyre prices is expected during the remainder of this fiscal. Prices of the products are likely to be raised on both the OEM (original equipment manufacturers) side as well as the retail side. This will make the price of vehicles more expensive.

Telecom stocks are trading mixed with Idea Cellular and RCOM leading the pack of gainers. Bharti and Tata Teleservices are amongst the losers. As per a leading news daily, RCOM is in discussions to merge its DTH and IPTV businesses with Digicable Network (India) Pvt Ltd, a leading cable TV distribution company. The merger is believed to be an all stock deal involving no cash transfer. If the merger goes through RCOM will have an access to Digicable's wide customer base. Digicable has a strong presence in northern India with a customer base of 8.5 m. Access to Digicable's wide customer base will also enable RCOM to market its new channels to a ready audience. We believe this move is a step towards de-leveraging the balance sheet by moving out of the non-core businesses other than mobile telephony.

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 mirror Asia". 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.