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 flat
Fri, 7 Aug 09:30 am

The major Asian stock markets have opened the day strong with Hong Kong market (up 0.96%) and China market (up 1.90%). This is inspite, the European and US stock markets closed their session on a negative note yesterday. The rupee is trading at 63.78 per US dollar.

Indian stock markets have opened marginally lower and are hovering around the dotted line. BSE Sensex is trading up by 7 points (up 0.02%) and Nifty is trading up by 2 points (up 0.02%). BSE Mid-Cap is trading higher by 0.32% and BSE Small Cap index is trading higher by 0.27%. Sectoral indices are trading mixed with stocks in Information Technology (IT) & Metal being the leading winners. However stocks in Telecommunication and Banking sector are the top losers in the pack.

Stocks in the telecom space are have opened on a weak note today. As per an article in business standard Bharti Airtel has taken an early mover advantage by launching its fourth generation (4G) services in 296 towns. Airtel is offering its 4G services on all smart devices including mobile phone, dongles, 4G hotspots and Wi-Fi dongles. The company stated that it will launch 4G services at 3G prices. The company has launched a 'Infinity Plan' starting at Rs 999 for postpaid users. Under the scheme the customer will get free calls within Airtles network and unlimited music with 3GB data free. Stock of Bharti Airtel is trading down by 0.14%.

Stocks in the power sector are trading on a mixed note. National Thermal Power Company (NTPC) is exploring options to manufacture solar equipment as part of the state owned power producer strategy. It is planning to set up a 1000 MW per annum manufacturing capacity which may require an investment of Rs 50bn. The company has also given its commitment to reduce the dependence on fossil fuel to 56% by 2032. The government has pushed renewable energy to the top of its energy security agenda and is looking to provide green power at Rs 4.5 crore per Mw. For achieving the target of 100GW renewable energy by 2022, India would need an investment of approximately $ 200bn. Stock of NTPC is trading down by 0.07%.

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 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.