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 open firm
Thu, 1 Oct 09:30 am

Barring Singapore market (down 1.8%), all the majorAsian stock markets have opened the day on a firm note. Japan market (up 2.1%) and Hong Kong market (up 1.4%) leading the gains. Major equity indices in Europe and US too closed their yesterday's trading session on an encouraging note. The rupee is currently trading at Rs 65.74 to the US dollar.

The Indian share markets have opened on a positive note. The Sensex today is up by around 222 points (0.9%), while the NSE-Nifty is up by about 51 points (0.63%). The mid cap and small cap stocks have also opened in green with S&P BSE Midcap index and S&P BSE Smallcap index up by 0.6% and 0.7% respectively. Among the sectoral indices, barring stocks from consumer durables, all the sectors are witnessing buying interest. Stocks from healthcare and power are in maximum demand.

As reported in a financial daily, the Indian commerce and industry ministry released data on core sector growth for the month of August 2015. Reportedly, the index of eight core industries registered growth of 2.6% YoY, for the said month. This growth is much higher compared to the growth reported for the month of July 2015, which stood at 1.1%. Out of the eight sectors, five sectors registered a growth above 5% for the month. However, the growth in the three sectors viz; coal, natural gas, and steel declined for the month of August. While the growth momentum has improved for the month August, however, given the poor performance of the three sectors the growth could moderate in the coming months.

Housing Development Finance Corporation (HDFC) Ltd, India's largest mortgage lender will be raising Rs 50 bn through Non convertible debentures and warrants to Qualified institutional buyers (QIBs). The housing finance company will use the proceeds from the issue to boost lending operations and meet its future capital needs. HDFC has been able to post healthy growth in loan book and maintain net interest margin over the past few quarters. The entity's capital adequacy ratio and gross NPAs stood at 15.8% and 0.7% respectively at the end of June 2015. What is commendable is that the housing finance company has been able to keep asset quality in check despite the overall slowdown. Going ahead as the economy picks up and with the government's strong focus on Smart Cities and affordable housing, credit offtake for housing loans is likely to grow at a robust pace.

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 open firm". 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.