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 Equity markets trade in green
Mon, 25 Mar 11:30 am

Indian equity markets have continued to trade in green in the previous two hours of trade. The most noticeable upward movements have been witnessed in the realty and oil and gas sectors while IT is the only sector, which have languished in the red.

The BSE-Sensex is up by 130 points and NSE-Nifty is up by 42 points. BSE Mid Cap index is trading up by 0.83% while BSE Small Cap index is trading up by 0.54%. The rupee is trading at 54.10 to the US dollar.

Large software shares are trading on a mixed note with Moser Baer India and NIIT Ltd leading the gains while Infosys and HCL Tech are witnessing the maximum selling pressures. According to a leading business daily, Tata Consultancy Services (TCS) is close to bagging a Rs 11 bn systems integration contract from India Post as part of the latter's drive to modernise its technology infrastructure. The deal would be for a period of five years and would make TCS accountable for the overall implementation of 'India Post 2012', a multi-faceted IT automation programme announced by the Department of Posts (DoP) three years ago. Sources, who did not want to be identified, say that TCS was selected as the core systems integrator on a quality-cum-cost basis, a methodology in which weighting is given to both technical and pricing aspects while evaluating an e-governance bid. Although, nine IT vendors were vying for the contract, IT majors HP, TCS and Tech Mahindra-Mahindra Satyam had emerged as the frontrunners, and finally the contract went to TCS. TCS's share is trading up by 0.21%.

Auto ancillary shares are trading on a mixed note with Sundaram Clayton and Wheels India leading the pack, while Sundaram Fasteners and Sona Koyo Steer are facing the maximum selling pressures. Exide Industries has acquired the remaining 50% equity capital of ING Vysya Life Insurance Company (IVL) for an aggregate consideration of approximately Rs 5.5 bn. 26% shares has been acquired from ING Group, 16.32% from the Hemendra Kothari Group and 7.68% from the Enam Group pursuant to regulatory approvals on March 22, 2013. Consequently, ING Vysya Life Insurance Company has now become a 100% subsidiary of Exide. The company previously held 50% of the equity shares of ING Vysya Life Insurance Company. Exide Industries has been a shareholder of ING Vysya Life Insurance since 2005 and is India's largest producer of automotive and industrial batteries. Exide's share is trading up by 0.16%.

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 Equity markets trade in green". 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.