Helping You Build Wealth With Honest Research
Since 1996. Try Now

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?  

Indian stock markets trade higher
Thu, 5 Jan 01:30 pm

Indian stock markets held on to their gains during the last two trading hours. Majority of the sectoral indices are trading in the positive with Auto, banking and capital goods stocks leading the pack of gainers.

The BSE-Sensex is trading up 75 points and NSE-Nifty is trading up 27 points. BSE Mid cap and BSE Small cap indices are up by 0.7% and 0.75% respectively. The rupee is trading at 52.64 to the US dollar.

Energy stocks are trading mixed. Gujarat Gas (GGAS) and Essar Oil were up by 5.8% and 5% respectively. As per a leading financial daily, Oil and Natural Gas Corporation Ltd. (ONGC) has received the board's approval to acquire BG's group stake in three of its eastern offshore oil and gas exploration blocks. Post acquisition, ONGC will have 100% ownership in the block and BG will be left with just one deepwater block in the KG basin. ONGC plans to buy BG Group's 45% participating interest in Krishna-Godavari Basin, 25% interest in exploration block in the Mahanadi Basin and 30% stake in deep water block KG-DWN-98/4. The transactions will not result in cash outflow for ONGC. Instead, BG Group will be liable to pay US$ 50 m towards settlement of past costs that ONGC had earlier incurred on its behalf in the three blocks.

Majority of the auto ancillary stocks are trading higher with NRB Bearings and Ucal Fuel the biggest gainers. As per a leading financial daily, auto component manufacturer Bosch will be investing Rs 30 bn in India over the next three years. The investments will be used in capacity expansion and technology development to maintain its 20% plus growth over the next five years. The stock of Bosch was up by 1.13%. Another German company, Volkswagen has announced plans to invest Rs 20 bn in its Indian operations by 2013. The car-maker will be investing in capacity ramp-up, launch of new models and strengthening of research activities.

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 stock markets trade higher". 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 Agora Research Private Limited.

Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap

Phone +91-9136015013

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 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.