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 share markets remain lackluster
Mon, 10 Dec 11:30 am

The Indian share markets displayed a lackluster performance during the first two hours of the trading session. Stocks from the realty and pharma spaces led the pack of gainers. However, those from the oil and gas and metal spaces witnessed selling pressure.

The Sensex today is trading higher by about 12 points (up 0.1%), while the NSE-Nifty is trading lower by about 1 point. Stocks from the midcap and smallcap spaces are however trading in green with the BSE Mid Cap and BSE Small Cap indices up by about 0.4% and 0.5% respectively. The rupee is trading at 54.23 to the US dollar.

Indian Pharma stocks have been trading on a mixed note with Natco Pharma and Piramal Enterprises leading the pack of gainers. However, Panacea Biotech and Wockhardt Ltd were trading in the red. As per a leading financial daily, the drug firm Dr Reddy's Laboratories (DRL) has launched a cancer drug 'Pamorelin LA' in the country. The company has done so under an exclusive marketing and sales agreement with Debiopharm Group, Switzerland. Pamorelin LA is used for the treatment of locally advanced or metastatic, hormone-dependent prostate cancer. According to the management, Pamorelin LA will be imported in bulk from Debio Recherche Pharmaceutique and will be made available primarily to urologists and oncologists across India. The stock was trading in green.

Power stocks have been trading mixed in the last two hours of the trade with Torrent Power Ltd and Adani Power leading the pack of gainers. However, JSW Energy and CESC Ltd witnessed selling pressure. As per a leading financial daily, state owned principal electric power transmission company Power Grid Corporation of India (PGCIL) has received an approval for formation of a joint venture company (JVC) with Odisha Power Transmission Corporation. The JV aims to take up Intra State Transmission projects in the state of Odisha. The board has also approved for formation of JVC with Bihar State Power (Holding) Company for taking up Intra State Transmission projects in the state of Bihar. The scope of Intra State works is yet to be finalized. The JVCs to be formed may have a debt equity structure of 80:20 and will have a suitable payment security mechanism.

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 share markets remain lackluster". 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.