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?  

India Markets extend Gains
Wed, 8 Apr 01:30 pm

Indian markets extended their gains as BSE-Sensex gained over 200 points while NSE-Nifty gained over 70 points by mid-session. All the sectoral indices are trading in the green; however, maximum strength is seen in Consumer Durables sector and PSU companies. S&P BSE Midcap and S&P BSE Smallcap companies have outperformed today's movement. While the midcap companies have gained nearly 1%, smallcap companies have gained nearly 2%. Healthcare sector which was the epicenter of investor attention since last 2 trading days is facing selling pressure amidst today's rally. Banks turned red as RBI failed to meet investor expectation of interest rate cuts.

Commodities are trading with slight positive movement. While the gold prices have increase marginally by 0.02% or Rs 5, silver prices have increased moderately by 0.11% or Rs 43. Gold price, per 10 grams, is trading at Rs 26, 880 while silver price, per kilogram, is trading at Rs 37,700. Crude oil prices are trading with moderate losses of 0.4% or Rs 12 at Rs 3,313 level. Dollar traded with moderate strength as it gained about 0.1% or 0.04 against the Indian Rupee. The Indian Rupee is trading at Rs 62.29 against the U.S Dollar.

The infrastructure projects in the country are witnessing a revival. Recently Larsen & Toubro received as much as 4 projects from the National Highway Authority of India. Supreme Infrastructure won a project worth Rs 2.07 bn from the National Highway Authority of India. The project work includes 4 Laning of Kharar-Kurali section of NH-21 in Punjab. According to a leading financial daily, there is a clause which empowers the company to receive interest free advance payment from NHAI to the tune of 10% of the contract price. The stock is trading up by 2%.

Investor sentiment towards Coal India Limited received a major boost when the Government of India lifted the limitations placed on e-auction. With the limitations on e-auction removed, Coal India will be in a position to increase its e-auction volumes to 10% of the total sales. The auctioning of coal blocks had recently touched Rs 4,000 bn with various cement and metal companies bidding for strategic coal blocks. Post these developments, shares of Coal India gained over 5%.

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 "India Markets extend Gains". 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.