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 equity markets trade flat
Wed, 1 Aug 11:30 am

Indian equity markets continues to trade flat over the last two hours of trade. Realty and pharma stocks witnessed maximum buying interest while metal and IT stocks witnessed maximum selling pressure.

The Sensex today is up by 13 points, while the NSE-Nifty today is up by 3 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.69% and 0.87%. The rupee is trading at 55.53 to the US dollar.

Mining stocks are trading in the red led by Coal India and Sesa Goa. According to a leading financial daily, Coal India in its board meeting has decided to revise the penalty clause in the fuel supply agreements (FSAs) to be signed with power firms. The state-run company also agreed to supply at least 80% of the required fuel to power firms. It would meet the production gap through imports, amounting to 15% this year. Prices of imported and domestic coal would be pooled to supply coal at an average price to power generation utilities. Under the terms of the draft FSAs, Coal India has to ensure at least 80% of coal supply to power producers or pay a penalty of 0.01%. Power producers had opposed the low penalty and the provisions that granted a three-year exemption from paying penalties. The penalty clause, as well as the details of the price pooling would be finalised in the next board meeting, likely within the next 15 days.

Automobile Stocks are trading firm led by Bajaj Auto and Force Motors. As per a leading daily, Tata Motor's Jaguar has launched the special edition of XKR luxury sedan in India. The special edition is different from the existing one in that it has added enhancements to the hand crafted cabin along with discreet exterior changes. The new editions priced at Rs 12.7 m are available to order from July 2012. These will be available in both coupe and convertible forms. The vehicle is powered by a 5 litre direct-injection V8 petrol engine. It has a six-speed automatic transmission that offers manual driver control via steering-wheel mounted paddles.

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 equity 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.