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 markets open firm
Fri, 27 Feb 09:30 am

The major Asian stock markets have opened the day on mixed note with Taiwan (down 0.8%) and Korea (down 0.2%), leading the losses. However, stock markets in China (up 0.6%) and Japan (up 0.06%) have opened on a positive note. The Indian markets have also opened firm. Barring FMCG sector, all the sectoral indices have opened in the green. Auto and Metal sector stocks are leading the pack of gainers.

BSE-Sensex currently trading higher by about 154 points (up 0.5%), while the NSE-Nifty is higher by about 53 points (up 0.6%). Both Midcap and small caps have also opened on a positive note. The BSE Mid Cap and BSE Small Cap are up by 0.8% each. The rupee was trading at Rs 61.93 to the dollar.

Telecom stocks have opened firm with MTNL and ITL being the leading gainers. As per a financial daily, industry body Cellular Operators Association of India (COAI), that represents GSM telecom operators like Bharti Airtel, Vodafone India and Idea Cellular have shown apprehension over the government not putting up the entire 3G spectrum on sale in next month's auction. COAI calls the government reason as 'flimsy'. Reportedly, the department of telecommunication (DoT) has chosen to ignore regulator's suggestions so far. As per the COAI's director general, Rajan S Mathews, the scarcity of airwaves, could negatively impact the industry which is already having huge debts.

Most of the stocks in engineering and power sector have opened on a firm note. As per a financial daily, the Defence Ministry has shortlisted a consortium of Tata Power's subsidiary: Tata Power-Strategic Electronics Division (SED) and Larsen & Toubro for the battlefield management project. The order value of this project in the production phase is expected to be Rs 500 bn. Reportedly, as per the requirement of the procurement procedure, both the shortlisted companies will be assigned "prototype systems" for which purpose 80% cost will be funded by the government.

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 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.