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?  

A volatile day of trading
Wed, 30 Jan Closing

Indian equity markets had a rather volatile trading session today. The indices began the day's proceedings on a very shaky note and in the subsequent hours alternate bouts of buying and selling kept the indices oscillating to either side of yesterday's close. This continued till the final trading hour. As a result, both the BSE Sensex and the NSE-Nifty closed flat today. The BSE Mid Cap and the BSE Small Cap also closed flat today with a negative bias. Gains were largely seen in oil & gas stocks.

As regards global markets, most Asian indices closed firm today while European indices have opened mixed. The rupee was trading at Rs 53.38 to the dollar at the time of writing.

Automobile stocks closed mixed today. While Maruti Suzuki and Tube Investments found favour, Tata Motors and TVS Motors closed in the red. As per a leading business daily, Tata Motors' subsidiary Jaguar Land Rover (JLR) plans to hire over 500 engineers and designers by March 2013, which will take the total strength of R&D people to over 5,500. This is to support its new product development programme. As far as funding goes, JLR has raised US$ 500 m through issue of bonds to cover its future growth plans. In terms of investments, JLR is looking to invest around GBP 2.75 bn in FY14. This will encompass development of new products, expansion of the Chinese business which has been doing very well and establishing production bases in new markets among others. Having said that, rise in product development costs is bound to put pressure on the cash flows of the company.

ING Vysya Bank has declared results for the third quarter ended December 2012. The bank's net interest income grew 25% YoY in 9mFY13 backed by 20% YoY growth in advances. Net interest margin improved to 3.5% in 9mFY13 (3.3% in 9mFY12), while the cost to income ratio came down to 57% in 9mFY13 from 60% in 9mFY12. Bottomline grew 35% YoY in 9mFY13 on the back of higher margins and minimal provisioning costs. Net NPA to advances stood at 0.1%. The bank has, however, not divulged the restructured assets at the end of the second quarter. Capital adequacy ratio (CAR) stood at 12.5% in December 2012. The stock closed lower by 2% today.

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 "A volatile day of trading". 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.