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 continue rally
Fri, 20 Jan 09:30 am

Asian stock markets have opened the day on a firm note. Stock markets in Japan (up 1.3%), Singapore (up 0.5%) and Indonesia (up 0.3%) are in the green. The Indian stock markets have opened the day on a firm note. Stocks in the banking and consumer durables space are leading the gains.

The BSE-Sensex is trading higher by 255 points (1.5%) and the NSE-Nifty is higher by around 50 points (1%). Mid cap and small cap stocks have opened on a firm note, with the BSE Mid cap and BSE Small cap indices up by 1.5% and 2.0% respectively. The rupee is trading at Rs 50.24 to the US dollar.

Auto stocks have opened the day on a firm note with Mahindra & Mahindra Ltd. (M&M) and Maruti Suzuki in green. Mahindra Two Wheelers, a subsidiary of M&M has recently launched a 125 cc scooter. The scooter is named as 'Mahindra Duro DZ' and will be priced at around Rs 42,000 for the people of Delhi. This will be an addition to the range of 125cc scooter which is already has for other consumer segments. The company said that this model is specially designed for Indian roads. The company further said that the new model is a result of strong R&D efforts put in by the employee working as a team and understanding the consumer mindset better.

Telecom stocks have opened the day on a firm note with Reliance Communication and Bharti Airtel in the green. Recently, Bharti Airtel announced that it will extend its managed services pact with Nokia Siemens Networks (NSN). This will be extended for the period of next 5 years for 8 circles of the country. The circles include Bihar, Jharkhand, Kolkata, Gujarat, Maharashtra and Goa among others.NSN will manage and maintain Bharti's 3G as well as its GSM services. The deal size was not mentioned however it is estimated to be around US$ 300 m. Through this, Bharti hopes to achieve better network and quality services for its subscribers. NSN is already a partner of Bharti Airtel for these 8 circles.

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 continue rally". 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.