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 firm
Fri, 20 Dec 09:30 am

Asian stock markets have opened the day on a mixed note with Indonesia (down 1%) and China (down 0.6%) leading the losses. However, markets in Taiwan (up 0.3%) and Singapore (up 0.2%) are trading firm. The Indian share market indices have opened the day on a positive note. Stocks in the oil & gas and information technology space are leading the gains. However, FMCG stocks are trading weak.

The Sensex today is up by around 67 points (0.3%), while the NSE-Nifty is up by around 18 point (0.3%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.5% each. The rupee is currently trading at Rs 62.14 to the US dollar.

Banking stocks have opened the day on a firm note with Oriental Bank of Commerce and Andhra Bank leading the gains. Following the Reserve Bank of India's decision to not change key interest rates in its mid-quarter monetary policy review meet, leading housing financiers State Bank of India (SBI) and Housing Development Finance Corporation (HDFC) have announced a reduction in home loan interest rate with effect from December 20, 2013. Until yesterday, leading PSU bank SBI was charging 10.30% for home loans up to Rs 30 lakh and 10.50% for home loans above Rs 30 lakh. Starting today, the bank has lowered interest rates for home loans up to Rs 75 lakh to 10.15%. On the other hand, HDFC which was charging 10.5% for home loans up to Rs 30 lakh and 10.75% for home loan between Rs 30 lakh and Rs 75 lakh, has now lowered the interest rate to 10.25% for loans up to Rs 75 lakh. However, the housing financier has said that these rates would be applicable for applications made up to January 31, 2014. Moreover, the first disbursement would have to be availed by before February 28, 2014.

Power stocks have opened the day on a mixed note with Jaiprakash Power and NHPC Ltd leading the gains. However, Power Grid Corporation of India Ltd (PGCIL) and National Thermal Power Corporation (NTPC) are trading weak. As per a leading financial daily, state-run power producer NTPC started filling up the reservoir of its first hydro power project on Thursday. The 163-metre reservoir of this 800 Megawatt (Mw) power project in Koldam, Himachal Pradesh is expected to be filled over the next 11 months. As such, the commissioning of the project is likely to be around the latter part of financial year 2014-15 (FY15). It must be noted that this power project has four units of 200 Mw each. It will provide peaking capacity to the Northern Grid and generate 3,054-Gw-hour electricity annually.

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 firm". 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.