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 stock markets pare gains
Tue, 19 Aug 11:30 am

Indian stock markets pared most of its early gains led by selling activity among index heavyweights during the previous two hours of trade. However, the mid and small capitalization stocks continued to remain high. Among the sectoral indices, barring consumer durables and IT stocks all are trading on a firm note.

The BSE-Sensex is trading up by 28 points and the NSE-Nifty is trading up by 15 points. The BSE Mid Cap index is trading higher 0.8% and the BSE Small Cap index is trading higher 0.9% today. The rupee is trading at 61.05 to the US dollar.

Energy stocks are trading mixed. While Gujarat Gas is trading firm, Indraprastha Gas is trading down. As per a leading business daily, India's largest oil marketing firm Indian Oil Corporation (IOC) plans to raise the processing of cheaper crude oil varieties to 30% of its total production by 2017-18. The move is as per the company's effort to improve margins. In FY14, the company has processed 54.7 m tonnes (30% of nation's refining capacity) of crude oil into fuel. The costs of crude oil constitutes as high as 95% of total input cost in the refinery process. As such, reducing cost of crude oil has been focus area for company to increase margin. As a result, IOC is looking to optimize the refinery operations by enhancing capabilities to produce cheaper crude varieties which are tougher and contains high concentration of sulphur and other metals. In FY14, IOC processed 16.1% heavy and high TAN (total acid number) crude, which is cheaper grade crude as compared to 11.5% in FY13. IOC is higher by 2.2% today.

Most food stocks are trading on a firm note led by Britannia and Nestle. Kolkata based cigarettes to hotel major ITC has forayed in to e-cigarettes with a launch of two electronic-cigarettes under the Eon brand. ITC has alunched the E-cigarettes in Hyderabad and Kolkata which will be rolled out on a pan India basis in phases. The product has been designed in-house but is being manufactured in China. The move is as per the company's endeavor to offset the shrinking sales of its conventional tobacco cigarettes on account of continuous price increase. Unlike the conventional tobacco cigarettes, electronic one release vapor that does not contain tar when a nicotine-laced liquid is heated. Being tobacco-free such products are not subject to regulations of Cigarettes and Tobacco Products Act. ITC is trading lower by 0.3% today.

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 stock markets pare gains". 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.