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 inch higher
Fri, 26 Aug 11:30 am

Indian stock market indices have been trading firm over the last two hours of trade. Auto and IT stocks are leading the gains, while realty and power stocks are trading in the red.

The BSE-Sensex is up by 53 points and NSE-Nifty is up by 11 points. BSE-Midcap and BSE-Small cap indices are however down by 0.3% and 0.1% respectively. The rupee is trading at 46.09 to the US dollar.

Metal stocks are trading in the red. All the sectoral stocks are trading in the red except for Jindal Steel and Coal India. According to a leading financial daily, India's second largest steel maker Steel Authority of India (SAIL) is planning to raise US$ 1.5 bn in overseas loans to meet its plant expenses. The company will borrow US$ 500 m this month in two stages from Bank of Tokyo- Mitsubishi UFJ and Sumitomo Mitsui Banking Corporation. The interest rate is not specified but the average repayment period for the loans will be 5 years. SAIL is also awaiting central banks approval to raise another US$ 1 bn via the external commercial borrowings (ECB) route. The company is also planning to appoint more than 1,000 dealers in rural India by March 2011 in a bid to increase sales of its branded products.

Power stocks are trading in the red. Adani Power and Tata Power are the biggest losers, while Crompton Greaves and Torrent Power are the biggest gainers. State run Power Grid Corporation is planning to launch India's first 1,200 kilovolt (kv) ultra high voltage (UHV) test station along with experimental lines in Bina, Madya Pradesh. The company will invest around Rs 8 bn for this project. Currently the power is transmitted on 765kv/800kv lines which can transfer power upto 2,400 mega watt (MW). The 1,200 kv can transfer power upto 8,000 MW which is a huge increase. Around 35 manufacturers have joined hands with the company to set up the test station. The company is also setting up a 1,200 kv transmission line for commercial purpose between Wardha and Aurangabad in Maharashtra.

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 inch higher". 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.