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

Mid cap & small cap buck trend
Wed, 10 Jul 01:30 pm

As weakness persisted in index heavyweights, Indian share markets continued to trade below the dotted line in the post-noon trading session. Majority of the sectoral indices are trading in the red with FMCG, auto and oil and gas stocks being the biggest losers. However, consumer durables, pharma and banking stocks are trading in the green.

BSE-Sensex is down 37 points and NSE-Nifty is trading 4 points down. BSE Mid Cap is trading up 0.2%, whereas BSE Small Cap index is trading up by 0.3%. The rupee is trading at 60.1 to the US dollar.

Energy stocks are trading mixed with Jindal Drill and Petronet LNG being the major gainers and Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) being the biggest losers. As per a leading financial daily, Reserve Bank of India (RBI) has issued orders to state-owned oil companies namely Indian Oil Corporation, HPCL, BPCL and Mangalore Refineries to purchase their daily dollar requirements from a single public sector bank. The move is aimed to curb volatility in exchange rate in the light of steep depreciation in the rupee against the US dollar. Reportedly, the state oil refineries, who are the biggest buyers of US dollars, have agreed to implement the RBI order with immediate effect.

Automobile stocks are trading mixed with Tube Investments and TVS Motors being the leading gainers while Mahindra Scooters and Tata Motors are the biggest losers. As per a financial daily, the Supreme Court has asked Tata Motors, to make its stand clear on the leasehold rights over the Singur land at West Bengal. The said land was acquired by the company for manufacturing Nano cars. However, due to various political issues raised on the said project, the Tatas moved the Nano project to Sanand in Gujarat. With the land at Singur, remaining unutilized, the Supreme Court wants Tatas to return the land to the farmers. Reportedly, the court has asked Tata's counsel to get back to the court with an answer on returning the land back to farmers by 6th August 2013. Tatas had taken this land on 90 years lease and claim to have paid around 90% of compensation to farmers. Tata Motors' stock was trading down by 1.3%.

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 "Mid cap & small cap buck trend". 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.