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

A listless end to the day
Fri, 7 Nov Closing

After trading weak during post noon trading session, the Indian equity markets failed to gather momentum and closed the day on a flat note. While the BSE Sensex today closed lower by 47 points, the NSE-Nifty closed lower by 1 point. On the other hand, while the BSE Mid Cap index closed higher by 0.35%, the BSE Small Cap index closed lower by 0.39%. Healthcare stocks were the biggest gainers today.

As regards global markets, Asian pack closed mixed today. The rupee was trading at Rs 61.6 to the dollar at the time of writing.

Mining stocks ended the day on a weak note. MMTC Ltd and Ashapura Minechem were the biggest losers today. The demand for coal imports has seen a critical jump in the last few days. The fact that many power plants have inadequate coal supplies and global coal prices have softened a bit, the demand for imports has suddenly increased. As a result, many power utilities are in the process of finalizing their import contracts. For instance, NTPC is on the verge of finalizing contract to the tune of 5 MT of coal. It is interesting to note that despite having fifth largest coal reserves in the world, India has to rely on imports to meet the ever increasing demand of power. Environmental bottlenecks impacted Coal India's ability to meet the rising coal demand. However, with government planning to allow commercial mining post de-allocation of coal blocks acquired unethically it would be interesting to see how things change in the coal sector.

FMCG stocks ended the day on a mixed note. While P&G Hygiene and Colgate were the biggest gainers, Archies Ltd and Lakshmi Energy were the biggest losers. Marico announced its results for the quarter ended September 2014 today. Net sales grew by 28.1% YoY during the quarter to Rs 14.2 bn. The net profits of the company increased 11.7% YoY to Rs 1.1 bn. This was below the consensus estimates of Rs 1.2 bn. The EPS for the quarter stood at Rs 1.83. The Board of Directors approved an interim dividend of Rs 1 per share. The stock of Marico closed marginally by over 1.5% today.

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 "A listless end to the day". 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.