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?  

Realty & power strong gainers
Tue, 24 Jun 01:30 pm

Indian share markets continued to surge in the post-noon trading session. All the sectoral indices are trading in the green with realty, power and consumer durable stocks being the biggest gainers.

BSE-Sensex is up 331 points and NSE-Nifty is trading 80 points up. BSE Mid Cap is trading 1.7% up and BSE Small Cap index is trading up by 1.8%. The rupee is trading at 60.11 to the US dollar.

Majority of the Food stocks are trading in the green with Sterling Biotech and Ruchi Soya being the major gainers whereas Nestle and GSK Consumer are trading in the red. As per a leading financial daily, tea companies are likely to be impacted by the drop in tea production coupled with higher operational costs to fight pest attack as well as increase in irrigation facilities due to prolonged dry spell. As per the Indian Tea Association, overall tea production in 2014 is expected to be lower by 5%-7%. Even export realizations are likely to be lower on account of stiff competition from Kenyan teas. However, firm tea prices in the domestic market may offset the impact on the profits of tea companies to some extent.

Majority of the finance stocks are trading in the green with Reliance Capital and J M Financial being among major gainers. As per a leading financial daily, Power Finance Corporation (PFC) is planning to tap funds from the overseas debt market in light of the revival in interest in the country's power sector. PFC is one of the biggest lenders in the domestic power industry and is planning to raise funds to the tune of $250 million through external commercial borrowings (ECBs). Lenders prefer to raise funds through ECBs as interest rates are attractive even after hedging. The company had ECB borrowings of $ 500 m in FY13. PFC stock is presently trading up 3.9%.

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 "Realty & power strong gainers". 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.