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 flat
Thu, 17 Jul 11:30 am

After opening in the green, the Indian indices are trading flat during morning session, whilst the mid and small cap stocks are in much demand today. The buying interest is the highest in Engineering and Metal stocks while the maximum selling pressure is witnessed in Energy stocks.

The BSE-Sensex is trading up 11 points. The NSE-Nifty is trading up 5 points. The BSE Mid Cap index is trading up 0.8% and the BSE Small Cap index is trading up 0.9%. The rupee is trading at 60.16 to the US dollar.

Most Software stocks are trading higher today. Infosys and Tech Mahindra are leading the gainers. As per a leading financial daily, India's fifth largest software firm Tech Mahindra, has signed a software services deal with a US based university. The deal with Wichita State University (WSU) will help Tech Mahindra improve its domain knowledge in the aerospace segment as WSU has the largest civilian academic aviation R&D institution in the US. The Indian IT firm will work with the institution in the areas of aerospace engineering, certification, IT and automotive testing. The financial details of the transaction were not disclosed. Tech Mahindra is trading up 1.5% today.

Majority of Banking (Pvt) stocks are trading in green with Lakshmi Vilas bank and Kotak Mahindra bank leading the gainers. As per the financial daily, HDFC and HDFC bank might merge into one entity as the RBI is looking to liberalize norms for infrastructure lending. Both the financial institutions were looking to merge since more than a decade now. However, tough regulations had been barrier to their merger so far. Reportedly, as the new regulations have scraped the reserve requirement for infrastructure funding and affordable home loans through long-term bonds, this seems to have paved the way for the merger of the entities. Further, this issue was discussed by the top executives of both the organization in past but there was no final proposal stated. In fact the issue in the past has also been dropped due to high costs of the merger. While the things are still at a nascent stage, one should wait for more developments on this front.

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 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.