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 share markets remain buoyant
Fri, 7 Sep 01:30 pm

Backed by persistent buying in index heavyweights, Indian share markets remained strongly upbeat in the post-noon trading session. All the sectoral indices are trading positive with metal, realty and banking stocks leading the pack of gainers.

BSE-Sensex is up 330 points and NSE-Nifty is trading up 96 points. BSE Mid Cap is up 1.2% and BSE Small Cap index is up 0.9%. The rupee is trading at 55.4 to the US dollar.

Majority of the power stocks are trading positive with Jaiprakash Power and JSW Energy being the biggest gainers. Torrent Power and Gujarat Industrial Power are among the few stocks trading in the red. According to Associated Chambers of Commerce & Industry (Assocham), a huge 80% of the coal-based power projects in the private sector are lagging behind their schedule of commissioning due to delays in regulatory clearances. Even the 20% projects, mainly by frontline industrial houses, that are running on schedule are beginning to feel the heat of uncertainty over coal linkages. According to Assocham, at the end of the 11th five-year plan (2007-12), the private sector is likely to add only 7,000 MW of capacity. The bulk 44,000 MW of the remaining capacity addition by private players is likely to face long delays.

All the automobile stocks are trading in the green with Tata Motors and Bajaj Auto leading the pack of gainers. As per reports by the Economic Times, two-wheeler major Hero Motocorp is looking at phasing out three of its relatively newly launched models - Impulse & Ignitor motorcycles and Maestro scooter - as the company had launched these vehicles using the technology assisted by earlier partner Honda Motors. As per the management of Hero Motocorp, the company wants an independent robust R&D set-up. Towards the same, it has recently tied up with a European design and technology provider (third tie-up; name is not yet disclosed) and is looking at developing products to replace those developed with the help of Honda. It must be noted that the company is already in the process of setting up an R&D centre at Jaipur for which it is spending Rs 4 bn.

In another development, the company is also believed to be going slow on production to avoid a situation of inventory pile up. It is reported that the overall slow demand has led the company to cut production by about 15 to 18% in the month of September as compared to the financial year till date. Hero Motocorp stock is up 0.5%.

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 share markets remain buoyant". 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.