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 equity markets trade flat
Wed, 31 Oct 11:30 am

Indian equity markets continued to trade flat over the last two hours of trade. Auto and pharma stocks witnessed maximum buying interest while oil and gas and capital goods stocks witnessed maximum selling pressure.

The Sensex today is up by 19 points, while the NSE-Nifty today is up by 2 points. BSE Mid Cap index and the BSE Small Cap index are up by 0.32% and 0.25% respectively. The rupee is trading at 54.14 to the US dollar.

Engineering stocks are trading weak. Bharat Heavy Electricals (BHEL) and Jain Irrigation are the biggest losers while Shanti Gears and Bharat Electrics are the biggest gainers. According to a leading financial daily, Voltas is planning to sell one of its prime office buildings at Fort in south Mumbai. The building with total built-up space of nearly 27,000 sq ft is constructed on freehold land with marketable title. According to property consultants, the building can fetch around Rs 750 - Rs 800 m given the ongoing property rates in the vicinity and its neo-classical look. The building is suitable for a corporate headquarters or retail outfits and offices of legal firms given the location and the design of the structure.

Indian pharma stocks are trading in the green led by Glenmark Pharma and Fresenius Kabi Onco. Glenmark announced its 2QFY13 results. The company's sales grew by 19% YoY led by growth in both its speciality and generics business. Operating profits were up by 20% YoY and operating margins improved marginally by 0.3%. Interest costs increased by 23.9% YoY and depreciation increased by 29.8% YoY. Net profits were higher by 180% YoY. However, on excluding the extraordinary item during 2QFY12, net profit declined by 16% YoY due to higher tax expenses. The stock is currently trading up by almost 7%.

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 equity markets trade flat". 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.