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 trade positively
Wed, 15 Jul 11:30 am

After opening the day on a firm note, the Indian Markets continued to trade positively. Sectoral indices are trading on an encouraging note with auto, pharma, software and engineering stocks leading the gainers.

The BSE-Sensex is trading up 234 points (up 0.8%) and the NSE-Nifty is trading up 64 points (up 0.8%). The S&P BSE Midcap index is trading up by 0.4% while the S&P BSE Smallcap index is trading up by 0.8%. On the commodity front, gold prices, per 10 grams, are trading at Rs 25,925 levels. Silver price, per kilogram is trading at Rs 35,050 levels. Per barrel crude oil is trading at Rs 3,373. The rupee is trading at 63.39 to the US dollar.

Most of the stocks in the automobile sector are trading positively. As per financial times, Tata Motors has inaugurated a new dealership 'Prerana Motors Regio' by establishing a state-of-the-art commercial vehicle 3S facility. This has been set up at Tumkur in state of Karnataka and will provide customers with a complete experience of sales, service and spares, all under one roof. Further, two more 3S facilities are developed in Davangere and Chitradurga. Each of these facilities are strategically located and well managed by highly trained manpower and sophisticated tools and equipment for faster turnaround. The service facility can attend up to 50 vehicles a day with about 22 bays. Currently the stock of Tata Motors is trading up by 1%.

Mining stocks are trading mixed with MMTC Ltd and Ashapura Minechem leading the losses. As per a leading financial daily, Coal India has decided to relinquish about three-fourths of a coal mine which was allotted to it in Mozambique. Coal India Africana Limitada, a 100% subsidiary of CIL, was allotted two leasehold licenses for extraction of coal about 224 square kilometers (sq km) in Tete province of Mozambique. Out of this, the company board has approved retaining 54 sq km of leasehold license area which will be of actual interest with a coal bearing horizon occurring within a 500-metre depth. The remaining 170 sq km area will be relinquished by the company. Stock of Coal India is trading up by 1%.

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 trade positively". 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.