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

Energy boosts the Indian markets
Fri, 16 Sep 09:30 am

Asian stock markets have opened the day on a firm note. Stock markets in Japan (up 2.1%), Hong Kong (up 2%), Indonesia (up 0.5%), and China (up 0.4%) are leading the gains. The Indian stock markets have opened the day on a firm note. Stocks in the Oil & Gas and technology space are leading the gains.

The BSE-Sensex is trading higher by 141 points (0.7%) and the NSE-Nifty is higher by around 31 points (0.6%). BSE Midcap and BSE Small cap stocks are trading in the green as well, with the BSE Mid Cap and BSE Small Cap indices up by 0.2% and 0.3% respectively. The rupee is trading at 47.53 to the US dollar.

Auto stocks have opened the day on a mixed note with Ashok Leyland and Tata Motors in the green while Hero MotoCorp is trading in the red. India's largest 4-wheeler, Maruti Suzuki will resume production from 19th September. However, its problems with striking workers still remain unresolved. The company also said that due to the strike at its plants at Gurgaon and Manesar combined with a designated holiday on account of Vishwakarma day, the plant will remain closed for two days (Friday and Saturday). With regards to the ongoing problems at Manesar plant, the company is persistent in demanding that the workers should sign the Good Conduct Bond. The recent spate of troubles with the workers has led to a fall in production for the company.

Steel stocks have opened the day on a firm note with Tata Steel and Jindal South-West Steel (JSW Steel) in the green. State owned Steel Authority of India Ltd (SAIL) is set to raise its production from its iron ore mines to about 38 m tonnes. The move is in tandem with the company's Rs 700 bn mega expansion plan wherein it will increase hot metal capacity from 13 m tonnes to 23 m tonnes by 2012-13. In order to meet the higher raw material requirement, SAIL is following a three-pronged strategy to double its iron ore output from its captive mines at an expected investment of about Rs 103 bn. First, the company will increase production from existing mines through de-bottlenecking and deploying high capacity heavy earth moving equipment. Second, the company will enhance the capacity of existing mines at Kiriburu, Meghahatuburu, Bolani and Gua. SAIL also plans to develop new mines at Chiria and Taldih.

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 "Energy boosts the Indian markets". 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.