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 share markets open firm
Thu, 18 Oct 09:30 am

Most major Asian stock markets have opened the day on a firm note with stock markets in Japan (up 1.9%) and China (up 0.9%) leading the pack of gainers in the region. The Indian share market indices have also opened the day in the green. Stocks in the consumer durables, auto and realty space are leading the gains. However, IT and telecom stocks are trading weak.

The Sensex today is up by around 31 points (0.2%), while the NSE-Nifty is up by around 6 points (0.1%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.4% and 0.3% respectively. The rupee is trading at Rs 51.62 to the US dollar.

Auto stocks have opened the day on a firm note with Maharashtra Scooters, Tata Motors, Force Motors, Eicher Motors and Hero MotoCorp leading the gains. As per a leading financial daily, Hero MotoCorp, India's largest two-wheeler maker, is set to launch the first product with its own technology by 2013-14. It has collaborated with technology partners such as US-based super bike and engine manufacturer Erik Buell Racing (EBR), Austria-based AVL and Italy-based two-wheeler design firm Engines Engineering. It must be noted that the company's over 25 year old partnership with Japan's Honda came to an end in 2010. The company is also planning to introduce its bikes in the markets of Africa and Latin America in the January-March quarter of the current financial year 2012-13 (FY13). It will customise its existing bikes to suit the needs of these markets.

Mining stocks have also opened the day on a firm note with Gujarat NRE Coke and MOIL Ltd leading the gains. As per a leading financial daily, public sector mining firm Coal India Ltd (CIL) achieved about 96% of its production target and 97% of its sales target for the first half of the financial year FY13. During the period, the country's biggest coal miner produced 191.57 million tonnes (mt) of coal against a target of 198.74 mt. On the other hand, the company reported sales volume of 214.5 mt against a target of 221.7 mt. On a year-on-year basis, production and sales volume grew by 8.46% and 7.16% respectively. CIL said that it marginally missed its targets for the period on account of disruptions caused by heavy rains in August and September. The shortfall in coal production is likely to affect power producers who are already facing severe supply shortages.

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 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.