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 open flat
Mon, 17 Dec 09:30 am

Asian stock markets have opened the day on a mixed note with stock markets in Japan (up 1.5%) and China (up 0.5%) leading the gains. However, markets in Taiwan (down 1.1%) and South Korea (down 0.5%) are facing selling pressure. The Indian share market indices have opened the day on a flat note. Stocks in the metal and healthcare space are leading the gains. However, capital goods and FMCG stocks are trading weak.

The Sensex today is marginally up by around 7 points (0.04%), while the NSE-Nifty is up by around 1 point (0.01%). Mid and small cap stocks are trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.4% and 0.5% respectively. The rupee is trading at Rs 54.54 to the US dollar.

Mining stocks have opened the day on a positive note with Gujarat NRE Coke, National Mineral Development Corporation (NMDC) and Metals and Minerals Trading Corporation of India Ltd. (MMTC) leading the gains. As per a leading financial daily, state-run mining giant Coal India Ltd (CIL) has reported a 2% year-on-year (YoY) decline in its coal output during the month of November 2012. The coal mining firm produced 37.6 million tonnes (mt) in November 2012, as against production of 38.4 mt in November 2011. The production was affected by cyclone Neelam and holidays due to the festival season. It is worth noting that work was affected for almost 10 days during the earlier part of the month on account of the cyclone. Coal off-take, on the other hand, reported an increase of 4.3% month-on-month (MoM) increase to 38.6 mt. The company's production during the April-November 2012 period stood at 265 mt, higher by 6.8% YoY. During the same period, coal off-take was higher by 8.2% YoY at 292.62 mt. In the first eight months of the financial year 2012-13, CIL has achieved about 63% of its production target of 464.1 mt and 56% of its off-take target of 470 mt.

Power stocks have opened the day on a firm note with JSW Energy, Torrent Power and Tata Power trading firm. As per a leading financial daily, private sector power firm Tata Power is expecting to complete modernisation work of one of the 500 megawatts (MW) units at its long-running Trombay thermal plant by early 2015. This 500 MW unit can currently run only on oil and gas. Shortage of gas and higher oil prices have resulted in under utilisation of this power unit. As such, the company has decided to modernise the unit so that it would allow use of coal as a fuel for power generation. It must be noted that this 500 MW unit is part of the total 1,580 MW installed capacity the Trombay thermal power plant.

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 open 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.