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 share markets trade higher
Mon, 11 Aug 01:30 pm

Indian share markets continued to trade higher in the post-noon trading session. Barring FMCG and power, all the sectoral indices are trading in the green with auto and realty stocks being the biggest gainers.

BSE-Sensex is up 201 points and NSE-Nifty is trading 53 points up. BSE Mid Cap is trading 0.8% up and BSE Small Cap index is trading up by 1.1%. The rupee is trading at 61.17 to the US dollar.

Majority of the engineering stocks are trading in the green with Jyoti Structures and Emco being the major gainers. As per a leading financial daily, engineering companies are banking on a revival in domestic sales to boost profits and expand margins. The recent measures announced in the Union Budget such as revival of stalled projects, higher spending on infrastructure such as roads and highways and emphasis on building smart cities are expected to boost orders for capital good companies. Engineering behemoth, Larsen & Toubro (L&T) expects 75% of the order inflows from the domestic sector by the end of FY15. For the June 2014 quarter, L&T witnessed 44% of its order inflows from international projects. As per the company, sectors such as water, urban transportation and power transmission are expected to see a smart revival. The company also expects investments from the government in industrial corridors and opportunities arising from revamping of smaller airports. Higher domestic orders are expected to improve the margin profile of capital good companies as international orders are won on stiff competition keeping margins under tight leash. L&T stock is presently trading up by 1.5%.

Besides Bajaj Auto, almost all auto stocks are trading on a positive note today. Gainers are being led by Mahindra & Mahindra (M&M) and TVS Motors. As per a leading business daily, M&M plans to set up Rs 3 bn tractor unit in Telangana, the newly formed state of India. The company management met the state's Chief Minister who assured them all the necessary support for the project. As per the state norms, the company has sought VAT and other concessions for the facility. The company will manufacture the Dhruv range of tractors in this new unit. The unit would be set up adjacent to the company's existing manufacturing unit in the State. M&M is trading higher by 6% today.

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 share markets trade higher". 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.