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 open in the red
Mon, 12 Jan 09:30 am

Barring Japan (up 0.2%), the major Asian stock markets have opened the day in the red with stock markets in China (down 2.1%) and Malaysia (down 0.3%) leading the losses. The Indian share markets have opened on a negative note as well. The sectoral indices have opened mixed with the stocks in the the metal and oil and gaseous sectors leading the losses. However, stocks in the FMCG and capital goods sectors were leading the gains.

The Sensex today is down by around 81 points (0.3%), while the NSE-Nifty is down by about 22 points (0.3%). However, the mid cap and small cap stocks have opened in the green with BSE Mid Cap index and BSE Small Cap index up by 0.03% and 0.2% respectively. The rupee is currently trading at Rs 62.14 to the US dollar.

Auto stocks have opened mainly in the red with TVS Motors Ltd and Tata Motors Ltd leading the losses. As per a leading financial daily, the overseas shipments of passenger cars declined by 2.65 % last year to 5, 47,087 units. Some of the main reasons for the decline were regulatory issues faced by the industry in the big export markets like Algeria and Sri Lanka and slowdown in Europe in 2014. It is noteworthy here that Indian carmakers are facing high taxation issues in Sri Lanka while Algeria has brought in changes in the technical regulations overnight, thus adversely impacting the exports to these markets. That said the export performance in the Latin American countries and some parts of Africa has been well so far. The car makers are eyeing new avenues and have identified about over 20 new regions to keep car exports strong.

Mining stocks have opened mainly in the red with Coal India Ltd and Gujarat NRE Coke Ltd leading the losses. As per a leading financial daily, the mining baron Mr. Anil Agarwal is mulling over merger of cash rich entities Cairn India Ltd and Hindustan Zinc Ltd into his flagship Vedanta group firm to create a global natural resources giant to rivals Rio Tinto or BHP Billiton. He has appointed consultants to explore if the decision makes sense. It is important to note here that while Cairn India and Hindustan Zinc remain cash rich, Sesa Sterlite Ltd has a debt of around Rs 298 bn on its balance sheet.

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 open in the red". 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.