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 open flat
Tue, 30 Jun 09:30 am

The major Asian stock markets have opened the session on a positive note with markets in Hong Kong (up 1.15%) and Japan (up 0.5%) leading the gains. While US and European stock markets closed their session on a negative note yesterday. The rupee is trading at 63.77 per US dollar.

Indian markets today have opened the day on a flat note. BSE-Sensex is trading down by 17 points (up 0.06%) and NSE-Nifty is trading marginally up by 2 points (up 0.03%). S&P BSE Midcap and S&P BSE Smallcap index indices are trading in the green, up by 0.5% and 0.4% respectively. Sectoral indices are trading on a mixed note with power and auto leading the losses.

Telecom stocks have opened the day in green. According to a leading financial daily, Idea Cellular, one of the biggest cellular carrier of the country, has added nearly 20 lakh users in Madhya Pradesh (MP) circle in FY15. This records the company's highest YoY (year-on year) growth of nearly 4% points in Revenue Market Share (RMS) which stood at 36.9% in the fourth quarter of FY15. Apart from MP circle, the company has also achieved similar milestone in neighboring Maharashtra and Goa circle. For May, 2015, the company has added 12.59 lakh new mobile subscribers after which the company's market share stood at 22.40%. Stock of Idea cellular has opened the day in green, up by 1.3%.

Stocks in the engineering sector have opened the day on a mixed note. As per the financial daily, Crompton Greaves (CG), one of the world's leading engineering corporations, has bagged two important orders to set power stations overseas. Among these, one is for 8 bays of 138 kV, 60 Hz, AIS Switchyard in the Philippines for Minergy Coal Corporation while the other is for 30 MVA, 132 kV mobile substations for Wellington Turbines, a Venezuelan enterprise. The scope of work for both projects includes design, manufacture, supply, construction and installation & commissioning of the substations. As reported, these orders were secured by company through a highly competitive international bidding process. Stock of Crompton Greaves has opened the day on a positive note.

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 open 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.