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 trade flat
Thu, 9 Jul 11:30 am

After opening in the green, Indian benchmark indices i.e. the Sensex and the Nifty lost ground and were trading flat owing to weak sentiment in global equities. Losses were largely seen in stocks from the Oil & Gas, IT and auto sectors.

The BSE Sensex is trading down 6 points and the NSE-Nifty is trading down 2 points. The BSE Mid Cap index is trading up 0.2% and the BSE Small Cap index is trading up 0.5%. The rupee is trading at 63.56 to the US dollar.

According to a leading financial daily, Yes Bank has successfully raised Rs 5.54 bn of Basel III compliant Tier II bonds. The issue was rated AA+ hyb by ICRA and AA+ by CARE. The issue closed on June 29, 2015 and witnessed strong demand from leading investors including several insurance companies and pension & provident funds, resulting in a total subscription of Rs 5.54 bn. The said bonds are listed on the Bombay Stock Exchange (BSE) and were raised at a coupon rate of 9.15%, with a tenor of 10 years. Yes Bank was trading up by 1.2% at the time of writing.

Stocks in the healthcare sector traded on an encouraging note in morning trade with Opto Circuits and Glenmark Pharma being the leading gainers. Shares of Lupin Ltd have surged 1% on the BSE after it was reported that foreign institutional investors (FIIs) have raised their stake in the company by 206 basis points to 36.75% at the end of June 2015 from 34.69% as on March 31, 2015. On the other hand, domestic institutional investors (DIIs) have decreased their stake in the company by 185 basis points to 6.82% at the end of June 2015 from 8.67% as on March 31, 2015. Non Institutions were holding 9.84% stake at the end of June 2015, down 17 basis points from 10.01% as on March 31, 2015, while corporate bodies were holding 1.1% stake at the end of June 2015, down 4 basis points from 1.14% as on March 31, 2015.

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 trade 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.