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 surge forward
Thu, 30 Jul 11:30 am

After opening firm, the Indian Markets continued to rush upwards. Sectoral indices are trading on a firm note with stocks from the auto and FMCG sectors are leading the gains.

The BSE-Sensex is trading up 236 points (up 0.9%) and the NSE-Nifty is trading up 67 points (up 0.8%). The BSE Mid Cap index is trading up by 1.2% while the BSE Small Cap index is trading up by 1%. Tdfhe rupee is trading at 63.98 to the US dollar.

Stocks in the automobile sector are trading in the green with Force Motors and Hero Motocorp leading the gainers. According to an article in the Economic times, Maruti Suzuki DZire, the best selling entry sedan for the last three years in domestic markets, have hit the 1 m cumulative sales mark this month. With this, the Swift DZire has entered the 'elite million club' which comprise models such as Alto, Swift and Wagon R. DZire is also exported to various international locations which includes Africa, South America, Central America, Middle East ASEAN and SAARC countries. For the month of June 2015, Maruti Suzuki had registered a YoY rise of 1.8% in its global car sales while the domestic sales for the month rose by 1.6% YoY. Currently the stock of company is trading up by 0.7%.

Most of the energy sector stocks are trading positively lead by Petronet LNG and Cairn India. Castrol India has reported its results for the second quarter ended June 30, 2015. The company has reported a rise of 48.3% in its net profit on a YoY basis. The total income for the company increased 1.6% YoY for the concerned quarter. The company stated that the profitability was driven by prudent margin management, premiumisation of the product portfolio and good progress on key strategic drivers. The stock is presently trading flat.

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 surge forward". 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.