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

Markets fall on Greece crisis
Mon, 6 Jul 09:30 am

The Indian markets have opened the week in the red amid weak global cues as Greece voted against accepting further spending cuts and tax increases in an unprecedented referendum. The Sensex today is down by around 250 points (down 0.9%) and the NSE-Nifty is down by around 70 points (down 0.8%). Both Mid cap as well as the small Cap stocks are also trading in the red with the S&P BSE Midcap and S&P BSE Smallcap indices down by around 1% each. Losses were largely seen in consumer durables, metals and banking stocks.

The Asian markets have made mostly a lower start, with many of the indices trading lower by around a percent. However, the Chinese market bucking the global trends was trading higher after posting their biggest three-week slump since 1992. The Indian rupee has opened lower at 63.39 per dollar.

According to a leading financial daily, Maruti Suzuki is establishing a new setup of retail outlets under Nexa brand to sell premium products starting with its upcoming S-Cross model in its bid to crack the big vehicle segment. The company that has set a target of selling two million units annually by 2020 with around 25 models and expects the Nexa network to contribute a significant amount to its sales. The company will reportedly open 100 dealerships in 30 cities by the end of ongoing fiscal year. Its different dealerships have hired 700 people from other sectors like hospitality, aviation and financial services to offer a differentiated luxury car buying experience for its customers.

Stocks in power sector languished in the red in the opening trade with CESC Ltd and JSW Energy bearing most of the brunt. According to a leading financial daily, NTPC-Simhadri thermal power unit at Parawada in Visakhapatnam district is planning to expand its capacity from 2,000 MW to 3,600 MW. The company plans to add two more units of 800 MW apiece. The project would involve an investment of Rs. 50 m to Rs. 60 m for each megawatt. It will be developed with ultra super critical technology with higher efficiency and less coal consumption and emissions. NTPC is also in talks with Rashtriya Ispat Nigam Ltd, the Visakhapatnam steel plant, for a joint venture to set up a 250x2 MW power plant on the land belonging to the latter in the city at Ukkunagaram. Moreover, NTPC-Simhadri had also decided to set up 20 MW solar energy power plants within the compound.

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 "Markets fall on Greece crisis". 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.