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?  

A flat end to the day
Wed, 1 Oct Closing

After trading in the negative territory during post noon trading session, the Indian equity markets remained range bound and closed the day in the red. While the BSE-Sensex today closed lower by 63 points, the NSE-Nifty closed lower by 19 points. Midcaps and Smallcaps too closed on a weak note today. While the BSE Mid Cap index closed lower by 0.2%, the BSE Small Cap index was lower by 0.4%. FMCG and oil and gas stocks were the biggest losers today.

As regards global markets, Asian indices closed mixed today. The rupee was trading at Rs 61.7 to the dollar at the time of writing.

Auto stocks ended the day on a strong note. Ashok Leyland and Mahindra & Mahindra Ltd. (M&M) were the biggest gainers while Maruti was the biggest loser. The stock of Hero Motocorp rose sharply before closing flat today after the company disclosed bumper sales in the month of September. Sales for the month of September rose by 30% YoY with the company selling 6 lakh units. The sales growth was boosted by the upcoming festivities. As an example, the company sold 1.7 lakh units in retail sales during the first six days of Navratri itself. With new products about to get launched and Diwali being on the cards, sales for the month of October may also remain buoyant.

As per a leading business daily, credit rating agency Fitch has upgraded its GDP growth outlook for India to 5.6% for 2014. The agency has expressed that it expects better investment climate in India in the years ahead. In fact, it has pegged India to be the only country amongst the BRIC group (Brazil, Russia, India, China) of countries where growth is expected to pick up in 2014. It further expects an increase to 6.5% in terms of GDP growth in the years 2015 and 2016. This on the back of an expected further improvement in business environment and the decreased political uncertainty since the new government has come to power.

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 "A flat end to the day". 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.