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

Banks lead the rally
Wed, 7 Sep 11:30 am

Indian stock market indices traded in the positive during the previous two hours of trade led by buying witnessed in index heavyweights. All sectoral indices are trading in the green except for FMCG and auto stocks.

The BSE-Sensex is up by 143 points and NSE-Nifty is up by 50 points. BSE Mid Cap and BSE Small Cap indices are also up by 1.0% and 1.2% respectively. The rupee is trading at 46.03 to the US dollar.

Retailing stocks are trading in the green led by Koutons Retail and Zodiac Clothing. As per a leading financial daily, branded jewellery retailers are now venturing into the rural markets. This is because of the changing taste and preferences of the rural consumers. They are now more open to contemporary designs and styles. As per World Gold Council, rural and semi-urban markets make up 60% of the country's Rs 700 bn gold jewellery market.

Titan's Tanishq has launched a separate brand "GoldPlus" aimed specifically at semi-urban and rural areas. Shree Ganesh Jewellery plans to open 250 outlets mainly in Tier II and Tier III cities such as Lucknow, Jodhpur and Kochi to cater to the growing demand there. Almost 2/3 rd of all new jewellery outlets being opened by retailers will be in small towns.

Telecom stocks are trading firm. Reliance Communication and Tata Communication are the biggest gainers. According to a leading financial daily, mobile tariffs are set to go up further due to rising costs. The telecom operators have to service the rural customers as well who do not use any value added services thereby resulting in loss of revenue and higher operating costs overall. The rural customers use phones only for voice calls and text messages.

It may be noted that Indian mobile users have been enjoying the lowest tariffs in the world. The telecom companies thus have been reeling under the burden of low tariffs, high competition and high debt levels as a result of newly launched 3G (Third Generation) and broadband wireless access services. In such a scenario, the management of telecom companies feel that hike in tariffs is inevitable going forward.

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 "Banks lead the rally". 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.