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?  

Realty and IT stocks lead the gains
Tue, 13 Sep 11:30 am

Indian stock market indices are trading in the positive over the last two hours of trade on buying in index heavyweights. All sectoral indices are trading strong led by Realty and IT stocks.

The BSE-Sensex is up by 189 points and NSE-Nifty is up by 69 points. BSE Mid Cap and BSE Small Cap indices are also up by 1.2% and 1.1% respectively. The rupee is trading at 47.05 to the US dollar.

Auto stocks are trading firm. Escorts and Force Motors are the biggest gainers. According to a leading financial daily, Ashok Leyland is expecting its newly launched light commercial vehicle "Dost" to clock in a sales of 55,000 units annually. Dost is a 1.25 tonne truck and is priced between Rs 0.38 m - Rs 0.44 m. It is meant for truck operators who deliver fruits and vegetables. Dost is a product of joint venture between Ashok Leyland and Nissan Motor Company Limited. The launch for this LCV was delayed because of economic slowdown in the global economies. Dost is expected to help compensate the fall in sales of medium and heavy vehicles by Ashok Leyland.

Steel stocks are trading strong. All stocks in the sectoral index are trading in the green. Jindal South-West Steel (JSW Steel) and Tata steel are the biggest gainers. According to a leading financial daily, India's largest public sector steel maker Steel Authority of India (SAIL) is planning to invest more than 1% of its gross sales on Research and Development (R&D) activities in order to facilitate acquisition and development of appropriate technologies. The company plans to undertake technology missions which will be aimed at reducing raw material and energy consumption. This involves beneficiation and pelletisation of low-grade ores and increasing the use of medium and non-coking coal in steel making. The company's plan also involves production of cold rolled grain-oriented (CRGO) electrical steels, development of alternative iron-making technologies and carbon dioxide reduction. The company would also set up center of excellence at individual steel plants in partnership with key customers and suppliers to focus on product development and improvement.

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 "Realty and IT stocks lead the gains". 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.