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?  

Healthcare stocks lead the rally
Tue, 9 Oct 11:30 am

Indian equity markets shed some early morning gains but still traded in the green during last two hours of trade. Sectoral indices are trading strong except IT and realty stocks.

The BSE-Sensex is trading higher by 118 points and NSE-Nifty is trading higher by 33 points. BSE Mid Cap and BSE Small Cap indices are currently up by 0.6% each. The rupee is trading at 52.41 to the US dollar.

Energy stocks are trading in the green. Petronet LNG and Essar Oil are the biggest gainers while Bharat Petroleum Corporation Ltd. and Hindustan Petroleum Corporation Ltd (HPCL) are the biggest losers. According to a leading financial daily, Reliance Industries has scaled down investment in KG-D6 block by almost USD $3 bn on back of an unexpected drop in reserves. The company, which had in 2006 proposed an investment of USD $8.8 bn in two-phases on the fields, in the revised field development plan (FDP) has outlined a further investment of only USD $235 m over and above USD $5.6 bn that has already been spent. The company has said that the remaining reserves in the fields do not justify drilling of any more wells and the additional spending would be used for raising gas compression capacity.

Power stocks are trading strong led by JSW Energy and PTC India Limited. According to a leading financial daily, National Thermal Power Corporation's (NTPC) Korba (Chhattisgarh) plant's ash-dyke in Dhanras was severely damaged because of excess rainfall in September last year. The company was constructing a new ash-dyke in Ghorapat village which got stalled due to land issues. This had hampered production at the 2650 megawatt power station of NTPC. The latest Chhattisgarh High Court order has come as a relief to the company whose Korba plant is now back on track. At Korba station, NTPC produces power at the cheapest rate. The Korba project has been existence since 1983 when its first unit started operating.

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 "Healthcare stocks lead the rally". 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.