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

Exit polls propel markets
Thu, 5 Dec Closing

Indian equity markets started the day on a positive note as exit polls predict the main Opposition BJP winning four out of the five State Assemblies that went to polls, with the Congress retaining Mizoram. The markets continued their upward trend in the afternoon session and finally closed the day on firm note. Banking and Capital Goods stocks were the leading pack of gainers. While the BSE Sensex closed higher by 249 points, the NSE-Nifty closed higher by 80 points.BSE Mid Cap closed on a positive note while the BSE Small Cap closed on a positive note.

As regards global markets, Asian indices closed in the red. European indices have opened in the green. The rupee was trading at Rs 61.8 to the dollar at the time of writing.

According to a leading financial news daily, Wipro is ramping down its hardware manufacturing business. It has already cut down production at its PC manufacturing and assembly factories in Uttarakhand and Puducherry. The company has also shifted some of the employees in the manufacturing division to other roles. But this move is expected to impact several hundred employees and the ones who are on contractual basis. Way back in 1982, Wipro had entered into hardware business. But later the company expanded into IT services. Wipro's hardware division which makes laptops, desktops and servers has witnessed fall in profitability over the past several quarters. The factory production slowed down and the company was compelled to scale down this facility. Moreover, Wipro failed to gain any competitive differentiation in manufacturing their own PCs. Also importing hardware has become cheaper than manufacturing it locally. Hence, responding to the changing market scenario and customer needs, the company decided to exit its manufacturing business. s

NTPC has pre-closed its Rs 17.5 bn bond issue which received a thumping response from investors by getting over-subscribed 3.3 times. The company has already collected about Rs 33.1 bn, Rs 23.1 bn above the base size. This is the state-run company's first bond issue after a gap of over 20 years. Under the offer, the company issued tax-free secured redeemable non-convertible bonds. The funds raised through the issue would be utilised towards funding of capital expenditure and refinancing for meeting the debt requirement in ongoing projects.

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 "Exit polls propel markets". 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.