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

IT and Energy stocks lead the gains
Fri, 20 Dec 11:30 am

After opening firm, the Indian Indices are trading well above the dotted line morning session. The buying interest is the highest in software and Energy stocks. The selling pressure is highest in FMCG and Engineering stocks.

The BSE-Sensex is trading up 95 points and the NSE-Nifty is trading up 25 points. The BSE Mid Cap index is trading up 0.9% and the BSE Small Cap index is trading up 0.7%. The Rupee is trading at 62.26 to the US Dollar.

Most software stocks are trading higher today. Tech Mahindra and Wipro are among the stocks leading the gainers. India's largest software firm Tata Consultancy Services (TCS), in a filing to the stock exchanges, said that it has developed a new mobile solution for auto insurance customers. The application which can be installed on smartphones will facilitate usage based insurance (UBI). It will closely align a customer's driving patterns and habits with the amount of auto insurance that they pay. This would minimize the need for the customer to buy a separate and potentially more costly telematics device provided by the insurer. The app which will be available on Android and iOS will help customers track their driving habits, adopt safe behaviors and help them save money. TCS claims that telematics would help drive revenues from the insurance sector and that this smart phone app is a step in that direction. TCS is trading up 1.3% today.

Telecom stocks are trading mixed today. Tata Communications and Tata Teleservices are among the stocks leading the gainers. Bharti Airtel and Mahanagar Telephone Nigam Limited (MTNL) are among the stocks leading the losses. According to a leading business daily, India's largest telecom firm, Bharti Airtel, might be considering a move to raise call rates by 10-20%. In September, the company had increased tariff rates for postpaid customers by up to 50%. Bharti has however maintained since then, that it is currently in a process of reducing discount schemes and promotional offers, to improve realizations and that no further tariff hike is in the pipeline. Bharti which is seeing strong growth in the mobile internet revenues has said that call and SMS based revenues may decline as a percentage of total revenues going forward. Bharti Airtel is trading down 1% 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 "IT and Energy stocks lead the gains". 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.