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 extend gains
Tue, 20 Sep 01:30 pm

The Indian stock market extended gains on account of buying interest in heavyweights. Except for Public Sector Units (PSU), all other sectoral indices are trading firm. Stocks from the software, consumer durables, metal and banking space are leading the pack of gainers.

The BSE-Sensex is trading up by 209 points while NSE-Nifty is trading 67 points above yesterday's closing. The BSE Mid Cap and BSE Small Cap indices are trading up by 0.6% and 0.8% respectively. The rupee is trading at 48.10 to the US dollar.

Most of the Software stocks have been trading firm with Wipro, HCL Technologies, Infosys and Tata Consultancy Services (TCS) leading the pack of gainers. However, CMC Ltd is trading in the red. As per a leading financial daily, Wipro will scout for a niche player in the healthcare and life-sciences space. As per the company management, the company is aggressively looking at inorganic growth, especially niche providers focused only on health and life-sciences and preferably in the analytics and mobility space. With US carrying out health insurance reforms, 30 million more people will have to be insured and hence this has thrown up a huge opportunity for insurance companies. The preference would be given for a company located in the US but with a base in India, with an established book of business in the payer and provider segments, specifically in the revenue cycle management processes. Besides, the company also plans to hire about 200 more domain experts, especially those in the analytics and mobility space, by the year-end.

Most of the Power stocks have been trading in the green as well with Gujarat Industries Power, Reliance Power, Reliance Infrastructure and GVK Power leading the pack of gainers. However, Coal India and National Hydroelectric Power Corp. (NHPC Ltd) are trading weak. As per a leading financial daily, Power Grid Corporation of India (PCGIL) has been granted approval for two investment proposals. The first one is for common system associated with Coastal Energen and Ind-Barath Power (Madras) Long Term Open Access (LTOA) Generation Projects in Tuticorin area (Part-B) at an estimated cost of Rs 19.4 bn, with commissioning schedule of 3 years from the date of investment approval. The second approval is for Power Grid sub-station works associated with transmission scheme for enabling import of power at an estimated cost of Rs 804 m, with commissioning schedule of 18 months from the date of investment approval. The stock of the company is trading in the green.

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 extend 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.