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

Banks, IT stocks lead gains
Thu, 22 Nov 01:30 pm

The Indian markets moved above the dotted line during the post noon trading session. Buying activity is being witnessed in stocks across the board barring those from the consumer durables, power and oil & gas spaces. Stocks from the banking and information technology spaces are amongst the top performers.

The Sensex today is trading higher by about 60 points (up 0.3%), while the NSE-Nifty is trading higher by about 10 points (up 0.2%). Stocks from the midcap and smallcap spaces are trading firm with the BSE Mid Cap and BSE Small Cap indices up by about 0.2% and 0.4% respectively. The rupee is trading at 55.18 to the US dollar.

Real estate stocks are currently trading firm led by Unitech, Orbit Corporation and Indiabulls Real Estate. As per a leading financial daily, in a bid to revive the sluggish realty sector and thereby boost economic growth, the Finance Minister Mr P Chidambaram has asked banks to fund residential projects that are stuck in a limbo due to shortage of funds. As per the Reserve Bank of India (RBI), the credit extended by commercial banks to the real estate sector grew by a mere 4% for the year ended September 2012. This is lower when compared to a 14% rise in the corresponding year-ago period. The minister was discussing the problems of the real estate sector with the heads of the state-run commercial banks at a meeting in New Delhi. Earlier in August, the minister had asked banks to put pressure on builders to reduce prices in order to clear the growing inventory of unsold apartments.

Auto stocks are currently trading firm led by Escorts, Mahindra & Mahindra and Ashok Leyland. As reported by a leading business daily, Jaguar Land Rover would be spending about Rs 180 bn a year, for the next few years. These investments would be aimed towards product development with main focus on enhancing and diversifying its product range, meeting stringent emission norms, improving engine manufacturing capabilities and expanding its manufacturing footprint in emerging markets. While these investments may dampen into the company's financial performance in the medium term, it is believed that these are required to help support and strengthen the company's two key brands - Jaguar and Lang Rover - over the long run.

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 "Banks, IT stocks lead 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.