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 firm up
Fri, 27 Dec 01:30 pm

After opening in the green, Indian share markets continued to rise in the post-noon trading session. Barring oil & gas, all the sectoral indices are trading in the green with IT, realty and FMCG stocks being the biggest gainers.

BSE-Sensex is up 136 points and NSE-Nifty is trading 38 points up. Both BSE Mid Cap and BSE Small Cap indices are trading up by 0.4%. The rupee is trading at 62.0 to the US dollar.

Majority of the power stocks are trading in the green with KSK Energy and GVK Power being among the major gainers whereas Nevyeli Lignite and Satluj Jal Vidyut are among the few stocks trading in the red. As per a leading financial daily, NTPC has chalked out plans to add 19,000 MW of capacity out of which nearly 9,000 MW would be commissioned by 2017. Ten coal-based thermal power projects with a capacity of 13,290 MW are currently under construction. Plants with an aggregate capacity of 5,000 MW are also being executed by the company in joint venture in the states of Bihar, Uttar Pradesh and Tamil Nadu. The company is also building solar power projects including a 50 MW Rajgarh solar photo voltaic plant in Madhya Pradesh. The company currently generates 42,454 MW of electricity from various sources of energy. NTPC's stock is currently trading up by 0.3%.

Most of the steel stocks are trading in the green with Gujarat Mineral Development Corporation and SAIL being among major gainers. Only Maharashtra Seamless and Bhushan Steel are trading in the red. As per a leading financial daily, SAIL is in talks with oil & gas major, ONGC to jointly explore coal-bed methane from its coal blocks. SAIL has been exploring the possibility of tapping methane trapped in coal seams of its coal blocks after the government allowed Coal India to produce methane from existing coal mines. Coal-bed methane is environment friendly natural gas used as an industrial fuel. Earlier there were ownership issues as the coal ministry regulates coal reserves whereas coal bed methane comes under the ambit of the oil ministry. It may be noted SAIL wants to develop new coal blocks at Tasra and Sitanala and expects to have a large scale output from these blocks by 2015.

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 firm up". 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.