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?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

End of Year Sale!
Grab Our Small Cap Recommendation
Service at a 60% Discount




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 volatile
Tue, 25 Sep 01:30 pm

Indian share markets recouped losses and traded above the dotted line in the post-noon trading session. Majority of the sectoral indices are trading positive with FMCG, capital goods and pharma stocks leading the pack of gainers. Metal, auto and oil & gas stocks are among the few languishing in red.

BSE-Sensex is up 42 points and NSE-Nifty is trading up 9 points. Both BSE Mid Cap and BSE Small Cap indices are up 0.3%. The rupee is trading at 53.4 to the US dollar.

Mining stocks are trading mixed with Sesa Goa and Metals and Minerals Trading Corporation of India Ltd. (MMTC) being the biggest losers and National Mineral Development Corporation (NMDC) and MOIL being the biggest gainers. As per a leading financial daily, in a bid to increase coal production Coal India is scaling up mechanization in its existing underground mines. The company has said that for augmentation of underground production, manual mines are being converted to semi-mechanized board and pillar mining with load haul dumper and side discharge loader and fully mechanized mass production technology with continuous miner and power support longwall, in phases. Reportedly, the company could meet only 91% of its production target during April-August 2012 which was also marginally lower than the corresponding output last year. The company is also contemplating at outsourcing its greenfield open-cast mines and washeries to private companies in order to shore up production. Coal India has identified 13 opencast greenfield projects with 65 m tonnes (mt) capacity and four washeries accounting for 22.5 mt to be given to mine development operators. Coal India has set a target to mine 615 mt in the terminal year of 12th Plan (2016-17), up from 436.10 mt in 2012-13. Coal India stock is marginally down.

Engineering stocks are trading strong led by Everest Kanto Cylinder and Crompton Greaves. According to a leading financial daily, Bharat Heavy Electricals Limited (BHEL) may buy a European metro rail technology company for US$ 500 m. For this, BHEL plans to use some of its cash reserves that totally amount to US$ 1.3 bn and also raise debt. We may note here that BHEL is looking at expanding its transportation business and wants to benefit out of the plan to build metro-rail networks in several Indian cities. In the wake of slowing power business, the country's largest power equipment maker is seeking ways to revive its business and profitability.

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 volatile". 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.