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 remain buoyant
Wed, 4 Mar 01:30 pm

NSE-Nifty and BSE Sensex opened today's session with all-time highs but retreated as investors booked some profits. BSE Sensex is trading up by about 200 points with gains of 0.70% while NSE Nifty is higher by over 50 points with gains of 0.60%. Nifty is trading above the 9000 level mark but a tad below 9050. BSE Mid Cap and BSE Small Cap indices continue to trade marginally in the green. Commodities are trading on a flattish note. Gold price has gained marginally by 0.03% or Rs 6 and is trading at Rs 26,466 per 10 grams while Silver is trading in the red with a loss of 0.43% or Rs 155 at Rs 36,300 per kilogram. Crude oil is trading with marginal gains of Rs 6 at Rs 3,144 per barrel. The Indian Rupee has declined marginally by 0.03 and is trading at Rs 61.88 against the U.S. Dollar.

Asian stock markets closed today's trading session mixed with Japanese and Chinese market ending with losses of 0.6% and gains of 0.5% respectively. Hong Kong markets and Taiwan markets ended with losses of 1.2% and 0.17%, respectively.

Banks and Real estate stocks were the front running in today's rally which was kick-started by the RBI cutting the repo-rate. As per a leading financial daily, Nitesh Estate has entered in a joint Venture with the U.S. based investment bank Goldamn Sachs. The joint venture between Goldman Sachs and Nitesh Estate is valued at be Rs 18.5 billion. Under this new JV, the combined entity will deal in purchasing shopping malls, luxury hotels and office parks. Around 74% of the stake will be held by Goldman Sachs while the remaining 26% will be held by Nitesh Estates. The stock spiked 20% today

Starting today, the Government will be starting the much awaited spectrum auction. This auction is expected to fetch about Rs 800 billion as companies bid for different circles and airwaves across 22 circles. This auction holds greater importance for four companies namely Idea Cellular, Airtel, Vodafone and Reliance Communication as their licences would become invalid next year. Most of the telecom companies traded in the green with gains of over 2% due to spectrum auction. Idea Cellular led the pack with gains of about 4%.

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 remain buoyant". 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.