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

Metal & PSU stocks bear the brunt
Tue, 11 Aug Closing

Indian equity markets lost further momentum in the afternoon session and closed on a weak note on the back of heavy selling in metal, PSU, auto and banking stocks amid weak European cues. While, <>BSE Sensex lost steam and closed down sharply by 236 points, the NSE-Nifty too was seen down by 59 points. Midcaps and Small caps weren't spared either. The BSE Mid Cap was down by 0.5%, while BSE Small Cap was down by 1.1%. IT stocks ended the day with moderate gains.

Asian markets finished lower today with shares in Japan leading the region. The Nikkei 225 is down 0.42%, while Hong Kong's Hang Seng is off 0.09% and China's Shanghai Composite is lower by 0.01%. European shares retreated in early trade. The rupee was trading at 64.17 against the US$ in the afternoon session.

According to a leading financial daily, Maruti Suzuki India is planning to increase its dealership network of premium channel 'Nexa'. The company is aiming to open 100 new Nexa stores mainly in metro cities and tier-II cities by the end of current financial year (2015-16). Currently, 30 Nexa stores are operational in 23 cities across India. Maruti Suzuki will add stores in 30 more cities across the country increasing the number of Nexa channel to 100 by March 2016. The company launched Nexa in late July this year and within a short span of time the network has spread across 23 cities in the country. The scrip of Maruti Suzuki ended the trading day on a flat note.

Power stocks languished in the red today with Jaiprakash Power and KSK Energy bearing majority of the brunt. <>Power Grid Corporation of India has reported results for first quarter ended June 30, 2015. The company reported a 20.2% rise in its June quarter standalone net profit at Rs 13.6 bn, helped by higher income from operations. The company's net profit in the corresponding quarter last fiscal stood at Rs 11.3 bn. Total income from operations during the quarter under review increased by 19.6% to Rs 47.17 bn as against Rs 39.41 bn in the same period a year ago. Revenue from the transmission business increased to Rs 45.4 bn, against Rs 38.1 bn in the year-ago quarter. Shares of Power Grid ended the day down by 0.2% on the BSE.

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 "Metal & PSU stocks bear the brunt". 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.