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 firm
Fri, 14 Aug 09:30 am

The major Asian stock markets have opened the day on a mixed note with Singapore market (up 0.53%) and China market (up 0.68%) leading the gainers. However stock markets in Japan are (down 0.36%). US stock markets closed their session in red while major stock markets in Europe closed in green. The rupee is trading at 65.17 per US dollar.

Indian stock markets have opened the day on an optimistic note. BSE-Sensex is trading up by 104 points (up 0.38%) and NSE-Nifty is trading up by 31 points (up 0.37%). The midcap and small cap stocks have also opened strong. Both S&P BSE Midcap and S&P BSE Smallcap are trading up by 0.44% and 0.39% respectively. Barring stocks from metal and FMCG spaces, major sectoral indices have opened the day in green. Stocks from capital goods, pharmaceutical sectors are the top gainers in the pack.

Major stocks in the automobile space have opened their day in green. As per an article in Business Standard Indian Rating and Research (Ind-Ra) has revised its FY16 sales volume expectation. For passenger vehicles the agency expects growth to increase by 4-7% from earlier expectation of 2-5%. While that for light commercial vehicles, the growth is expected to decline by 5-8%. The rating agency has further revised motorcycles outlook to flat growth. The company stated that while demand of certain segments such as passenger vehicles and Medium & Heavy Commercial Vehicles (MHCVs) have exhibited better than expected trends in last six month the sustainability is yet to be established. The demand from two wheeler segment continues to see contraction due to weak demand from the rural market.

Stocks in the FMCG sector have opened their day on a negative note. As per an article in economic times, the Bombay High Court has struck down the ban on Maggi noodles. However the noodles would not be back on the shelves till the time Nestle India submits samples of five variants tested at accredited laboratories. The samples have to be tested at laboratories in Hyderabad, Mohali and Jaipur to check the lead content. The court ruled that the Food Safety and Standard Authority of Inida (FSSAI) had not given the company enough opportunity to present its case and was a violation of natural justice. FSSAI is considering an appeal against the ruling in the Supreme Court. Stock of Nestle India is trading down by 0.42%.

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 firm". 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.