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 flat
Thu, 4 Dec 11:30 am

After opening in the green, the Indian indices are trading flat during the morning session amid outperformance in FMCG stocks. Metal stocks are leading the losers today.

The BSE-Sensex is trading up 29 points. The NSE-Nifty is trading up 3 points. The BSE Mid Cap index is trading flat and the BSE Small Cap index is trading up 0.2%. The rupee is trading at 61.88 to the US dollar.

Most telecom stocks are trading lower today. Mahanagar Telephone Nigam Ltd (MTNL) and Tata Communications are leading the losers. As per a leading financial daily, Vodafone India and Bharti Airtel are heading for showdown with the government over the issue of license extensions in Delhi. The 2G licenses of the two firms had expired a few days ago on 29 Nov 2014. The telcos had sought an extension of 45 days due to the time needed for them to migrate to the new spectrum frequencies that they had won in the Feb 2014 auctions. The telcos had received the spectrum only in October after an inordinate delay on the part of the government. The telcos are currently using Idea Cellular's spectrum in Delhi to handle the ever increasing network traffic. To avoid mass disruptions in services, the two firms have written to the government to give them the license extension. The telcos have stated they are willing to risk being fined by the government but they will not stop their services. They believe that such a fine can be challenged in court as the fault lies with the government for causing the delay in awarding the spectrum.

Energy stocks are trading mixed today. Essar Oil and Gujarat Gas are leading the list of gainers. As per a leading financial daily, the government is deliberating a revision of the subsidy sharing method for energy major Oil and Natural Gas Corporation Ltd (ONGC). This is being done with a goal of lowering the subsidy burden it bears and thus giving a boost to its profits. It may be noted that while petrol and diesel prices have been de-regulated by the government, other fuels like kerosene and cooking gas are still subsidized and ONGC has been bearing a part of this burden. ONGC is trading up 0.6% 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 "Indian markets trade flat". 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.