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 markets surge
Tue, 29 Sep 01:30 pm

Starting on a discouraging note in the morning session, the Indian Indices recouped lost ground and are trading firm after the RBI slashed rates by 50 basis points in its monetary policy review. Sectoral indices are trading mixed with stocks from the banking and engineering sectors leading the gainers. However, pharma stocks are witnessing maximum selling pressure.

The BSE-Sensex is trading up by 232 points (up 0.9%) and the NSE-Nifty is trading up by 62 points (up 0.8%). The S&P BSE Midcap index is trading up by 0.2% while the S&P BSE Smallcap index is trading flat. Gold prices, per 10 grams, are trading at Rs 26,258 levels. Silver price, per kilogram is trading at Rs 34,780 levels. Crude oil is trading at Rs 2,964 per barrel. The rupee is trading at 65.96 to the US$.

Engineering stocks are witnessing a mixed trend with gains led by Voltas and Manugraph India. As per a leading financial daily, Larsen & Toubro's (L&T) subsidiary- L&T Construction's has bagged water and waste-water infrastructure orders worth Rs 15 bn in September 2015. Under the water supply and distribution business, the company has secured a water supply order from Telangana Drinking Water Supply Project. Under the waste water business, the company has won a turnkey order from Rajasthan Urban Infrastructure Development Project at Pali, Rajasthan. Larsen & Toubro is engaged in technology, engineering, construction, manufacturing and financial services with operations in over 30 countries worldwide. Presently the stock of company is trading up by 1.9%.

Stocks in the telecom space are trading mixed with ADC India Communications and AGC Networks leading the gains. As per an article in Economic Times, Idea Cellular has announced that it is working on a plan to launch 4G services in Madhya Pradesh and Chhattisgarh cities in early 2016. The company is planning to expand its base in remote areas of these cities by adding services launched at 400 to 500 places, mostly in rural areas. As reported, the company has more than two core customers in these circles. Further, according to the results of the first quarter of the current fiscal, the revenue share of the company has been 41.2% from these circles. Scrip of Idea Cellular is trading down by 1.2% on the BSE.

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 markets surge". 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.