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 trade positively
Mon, 19 Oct 11:30 am

After opening the day on a firm note, the Indian Markets continued to trade positively. Sectoral indices are trading on a mixed note with stocks from the pharma and oil & gas sectors leading the gains.

The BSE-Sensex is trading up 66 points (up 0.2%) and the NSE-Nifty is trading up 8 points (up 0.1%). The BSE Mid Cap index and the BSE Small Cap index are also trading positively, up by 0.3% and 0.4% respectively. The rupee is trading at 64.80 to the US$.

Most of the stocks in the energy sector are trading firm with Reliance Industries and Chennai Petroleum leading the gains. As per a leading financial daily, Oil & Natural Gas Corporation (ONGC) has sought premium gas pricing for an undeveloped deep-sea block in the KG Basin where it is planning to invest US$ 6 billion. The same was decided, as top executives of the company are anxious about the viability of the project at the current oil and gas prices. The company has written to the government that the out from the KGDWN-98/2 field be given a premium over the domestic price which was too low to make the project workable.

Falling crude oil prices have led to many global economic concerns. Several global oil companies have sharply cut capital expenditure this year on the back of plunging prices. LNG prices in Asia have tumbled to US$ 6.8 per unit from a peak of about US$ 17 per unit in April last year. The drop has reduced costs of field development but not enough to make many projects viable.

One of our articles from 'The Daily Reckoning' points out some implications that falling oil prices will deliver.

Automobile stocks are also trading mixed with Tube Investments leading the gains and Tata Motors bearing maximum loss. According to an article in Economic Times, auto major Mahindra & Mahindra (M&M) is gearing up to enter the premium motorcycle segment overseas. The company is planning to enter Latin America, South East Asia and North Africa with its newly launched Mojo model. For this, the company is expecting shipments to international markets to happen by the mid of the next year.

The company has launched the 300 cc bike (Mojo model) in the domestic market at an introductory price of Rs 1.58 lakh for all bookings until Diwali. While the foray in foreign markets is planned, the company is presently focused on the domestic market.

The company has been expanding global footprint and has presence in 17 countries across South Asia, Africa, Middle East and Latin America. It exports about 3,000 units a month at present. Presently the scrip of M&M is trading down by 0.5%.

Asad Dossani's Master Series Income At Will was viewed more than 34,000 times before the videos were taken offline.

Now, during the series, Asad answered some of the toughest questions that were put out to him by his valued readers like you...

However there were many more left to be answered.

So, Rahul Goel (CEO, Equitymaster) has invited Asad Dossani for a LIVE Training Session, Tomorrow at 10AM.

During the session, Rahul plans to ask his own questions on the Income At Will strategy and invites you to send in your questions directly to Asad as well...LIVE!

However since there are very limited seats for the live event, you need to confirm your participation right away.

Click Here to Reserve your Fee Seat for a LIVE Training Session With Asad Dossani.

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 trade positively". 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.