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

IT stocks lead the gains
Fri, 14 Oct 11:30 am

Indian stock market indices are trading strong over the last two hours of trade. IT and consumer durables stocks witnessed maximum buying interest while Realty and Metal stocks witnessed maximum selling pressure.

The BSE-Sensex is up by 86 points, while the NSE-Nifty is up by 20 points. BSE Mid Cap and BSE Small Cap indices are up by 0.26% and 0.33% respectively. The rupee is trading at 48.08 to the US dollar.

Cement stocks are trading strong. Chettinad Cement and Madras Cement are the biggest gainers while India Cements and J K Lakshmi Cements are the biggest losers. According to a leading financial daily, Kumar Mangalam Birla is planning to merge Ultratech Cement with the cement business of Century Textiles, a company owned by his grandfather B K Birla. Century Textiles has a cement capacity of 7.8 m tones. The negotiations for the merger have already started and the deal is likely to be completed within few months. If the deal goes through, it will mark the group's third consecutive cement deal in recent years after its overseas acquisition of ETA Cement and merger of Grasim's cement division with UltraTech last year. In addition to the cement business Century textiles has a paper and textile business. Its textile mill is also being relocated with a state of the art plant in Gujarat.

Power stocks are trading in the green. Torrent Power and Tata Power are the biggest gainers while Coal India and CESC Limited are the biggest losers. India's power situation has reached alarming levels. The country is on the brink of power blackout because of coal shortage. Power plants in the country are rapidly running out of coal and some have already stopped generation, plunging vast parts of the country into darkness and interrupting industrial output in many regions. Coal shortage is due to floods, strikes and Telangana agitation which have all crippled Coal India's mining operations. Even National Thermal Power Corporation (NTPC) the country's largest power producer is facing the heat. It is forced to shut down 5,000 megawatt (MW) of capacity because of coal shortage and technical issues. Worsening the shortage is planned maintenance of plants operating on other fuels and low water level in rivers that has hurt hydroelectricity production in some states.

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 "IT stocks lead the 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.