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 Stock Markets trade flat
Fri, 10 Jul 11:30 am

After opening the day on a firm note, Indian stock markets have remained flat. Maximum, selling pressure is seen in FMCG sector.

The BSE-Sensex is trading up by 27 points (0.10%) and the NSE-Nifty is trading up by 5 points (0.06%). The S&P BSE Midcap index is trading up by 20 points (0.19%), while the S&P BSE Smallcap index is trading up by 16 points (0.13%). The rupee is trading at 63.40 to the US dollar. Gold and Silver are trading at Rs 26,090 per 10 grams & Rs 35,420 per kilogram respectively.

As per financial times, the International Monetary Fund (IMF) on Thursday has reaffirmed its growth forecast for India in its latest World Economic Outlook (WEO). For this, a growth of 7.5% was pegged for both 2015 and 2016. With China expected to slow down considerably, the IMF has pegged its growth at 6.8% in 2015 and 6.3% in 2016. It further stated that by this, the gap between the two countries is likely to widen to 1.2% points by 2016. Further it has also lowered its forecast for global growth. It has pegged global GDP growth at 3.3% in 2015, lower than its April outlook of 3.5%. Though in 2016, it expects growth to bounce back to 3.8%. On the whole, the IMF expects emerging markets and developing economies to slow down from 4.6% in 2014 to 4.2% in 2015.

Stocks in Banking sector are trading on a mixed note with Yes Bank trading up by 1.02% and Karur Vysya Bank trading down by 2.95%. ICICI Bank may sell its housing finance arm. ICICI Home Finance contributes about 10% of the book value of total home loans given by ICICI. The deal will require RBI approval as ICICI Home Finance is an NBFC. The bank may be expecting a valuation of around Rs 44bn. ICICI Home Finance focuses on home loans in smaller cities and has smaller ticket size. Private Equity Funds and other companies are looking at housing finance sector given the overall housing shortage in India as well as the robust growth (around 20%) seen in the past 4-5 years.

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 Stock Markets trade flat". 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.