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 open firm
Thu, 16 Jul 09:30 am

Asian stock markets have opened the day in the green with markets in China (up 1%) and Japan (up 0.5%) leading the gainers. Stock markets in US ended their session on a negative note while markets in Europe closed their session in the green. Crude oil prices fell nearly 1.6%. Precious metal gold and silver are trading down by 0.3% and 1.2% respectively.

Indian stock markets have opened their day on an encouraging note. BSE-Sensex is up by around 115 points (up 0.4%) and NSE-Nifty is up by about 37 points (up 0.4%). S&P BSE Midcap and S&P BSE Smallcap index indices are also trading in the green, up by 0.6% and 0.5% respectively. Most of the sectoral indices are trading in the green with stocks in steel and banking leading the gainers. Rupee gained around 0.2% and is trading at 63.50 per US dollar.

Stocks in the telecom sector are trading mixed. As per a leading financial daily, Bharti Infratel is in talks with telecom major Vodafone and Idea Cellular to buy out their telecom towers at a valuation of up to Rs 100.8 bn. The company is looking to pay between $60, 000 and $1,20,000 per tower. It is likely to fund the acquisition with equity and debt and will use its cash and investments worth Rs 68 bn. Stock of the company has opened the day on a positive note.

Automobile stocks have opened their day on a mixed note. According to financial times, small car makers are facing decline in their sales for the first quarter ending June 2015. Reportedly, this is largely on the back of the negative sentiment in the rural economy and high interest rates. Sales of mini cars in the quarter ended June declined as much as 5% at 1,23,058 units. For the corresponding quarter last year this stood at 1,30,071 units. However, most of the other segments in the passenger cars posted a growth for the concerned quarter.

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 open firm". 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.