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 firm
Mon, 23 Jan 09:30 am

Asian stock markets have opened the day on a firm note with stock markets in Japan (up 0.2%) trading in the green. Most of the other major Asian markets are closed today. The Indian stock markets have opened the day on a firm note. Stocks in the power and banking space are leading the gains.

The BSE-Sensex is trading marginally higher by 11 points (0.1%), while the NSE-Nifty is marginally up by around 4 points (0.1%). Mid cap and small cap stocks are also trading in the green with the BSE Mid cap and BSE Small cap indices up by 0.6% and 0.4% respectively. The rupee is trading at 50.37 to the US dollar.

Power stocks have opened on a firm note with National Thermal Power Corporation (NTPC) and Tata Power leading the gains. NTPC, the country's largest power producer is planning to expand further in a big way. The current capacity of the company stands at 36,000 megawatts (MW). It is planning up another mega power project along with the 4,000-MW Kudgi project in Karnataka, South India. This will be in the 12th Plan itself instead of the 13th plan. The current operating capacity in South India stands at 4,450 MW. The company is already expanding near Visakhapatnam & Ramagundam in Andhra Pradesh, Kudgi in Karnataka and Kayamkulam in Kerala. To add to this, the company will set up one more plant of 4,000 MW at Pudimadaka, close to Visakhapatnam. The management has said that the Andhra Pradesh Government is keen that NTPC should take up one more mega project near Visakhapatnam. And due to the keenness shown by the state, instead of considering the power project in 13th plan, NTPC has included the same in the current 12th plan.

Cement stock have opened the day on a mixed note with UltraTech Cement and Heidelberg Cement leading the gains. UltraTech Cement has announced its results for the quarter ended December 2011 (3QFY12). During the quarter, the company has reported a rise of 23.1% year-on-year (YoY) in net sales Rs 37.1 bn in 3QFY11 to Rs 45.7 bn in 3QFY12. Operating profit margin improved from 19.1% in 3QFY11 to 21.1% in 3QFY12. Other income was higher by 156.4% YoY during the period. On the other hand, interest expense declined by 63.9% YoY. As a result, net profit during the quarter surged by 93.4% YoY. Net margins improved from 8.6% in 3QFY11 to 13.5% in 3QFY12.

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 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 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.