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?  

Investment in securities market are subject to market risks. Read all the related documents carefully before investing

End of Year Sale!
Grab Our Small Cap Recommendation
Service at a 60% Discount




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

Banking stocks lead the rally
Mon, 9 Dec 11:30 am

After opening on a positive note, the Indian Indices have traded firm in the last two hours of trading session. All indices are trading in the green. Banks and Capital goods indices are leading the gainers.

The BSE Sensex is trading up by 321 points and NSE-Nifty is trading up by 100 points. The BSE Mid Cap index is trading up 0.54% and the BSE Small Cap index is trading up 0.27%. The Rupee is trading at 61.2 to the US Dollar.

Automobile stocks are trading mixed today. Mahindra & Mahindra (M&M) and Escorts are among the stocks leading the gainers. Force Motors and Eicher Motors are leading the losers. According to a leading financial daily, M&M will invest around Rs 200 bn to set up an automotive plant and a testing facility at Cheyyar in Tamil Nadu. The process for setting up a plant was initiated in 2011 but there was a delay in allocation of land to the company. Currently also, the land to be allotted to the company is yet to be fully acquired. M&M will sign a memorandum of understanding (MoU) with the state government soon. The MoU is likely to be presented to the Cabinet by December end. The testing facility at Tamil Nadu will be very significant for the company as it currently does not have a testing facility in India. Therefore, it has to go to the UK, Australia or Korea to carry out testing. M&M is trading up 2.2% today.

FMCG stocks are trading mixed today. Gillette India and Pidilite Industries are leading the gainers. Marico Ltd and Paper Products are trading negative today. According to a leading business daily, Bajaj Electricals which is a leading consumer durable and lighting company will now focus on non-electrical appliances segment as well. The company is eying 5% market share by March 2014. The total non-electrical appliances sales were Rs 750 m in FY13 and it now aims to clock a business of Rs 1.25 bn in this segment by FY14. The company's non-electrical portfolio comprises pressure cookers, non-stick cook wares and gas stoves. Its main competitors include brands like Hawkins and Prestige. Bajaj Electricals is trading 0.67% down 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 "Banking stocks lead the rally". 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.