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 stock market remains lackluster
Tue, 19 Nov 01:30 pm

Indian markets are trading above the dotted line during the post noon trading session. Most of the sectoral indices are trading in green with stocks from capital goods and realty sectors witnessing maximum buying interest. Stocks from consumer durables and metal sectors are among the leading losers.

BSE-Sensex is up by 44 points and NSE-Nifty is trading up by 14 points. While BSE Mid Cap is trading up by 0.29%, BSE Small Cap index is trading up by 0.15%. The rupee is trading at 62.01 to the US dollar.

Power stocks are trading mixed. CESC Ltd and PTC India are leading among gainers while, Torrent Power and GVK power are among leading losers. As per a leading financial daily, National Thermal Power Corporation (NTPC)has terminated its Rs 7 bn contract with Italian company Ansaldo to secure turbines for its gas-based plant at Dadri in Uttar Pradesh. The termination of contract comes in the backlight of Ansaldo's parent company Finmeccanica facing bribery charges in the Rs 36 bn helicopter deal with India. Reportedly, NTPC's decision of terminating the deal was taken as it wanted to stay away from the controversy of helicopter deal. The bids were invited last year and Ansaldo bid was lowest among various bidders. It is still not clear, whether the company will issue a fresh tender for the same contract or not. NTPC is trading down by 0.61%.

Majority of the Automobile stocks are trading in the green with TVS motors and Tata Motors being the major gainers. As per a leading financial daily, Hero Motorcorp is looking to launch two-wheelers in United States and Canada. Reportedly, Hero has appointed its American technology partner Erik Buell Racing as the exclusive distributor. Hero Motorcorp intends to eventually set up manufacturing and assembly plants in the North America over a period of time. Further, a "soft launch" of Hero two-wheelers was held during the month of Oct 2013 at the inaugural American International Motorcycle Expo (AIMExpo). The event took place in Orlando, Florida, where Hero displayed some of its popular brands such as Hunk, ZMR, the updated HF Deluxe Eco, Splendor Pro and the Pleasure scooter. The other details as to pricing details and range expected to be offered is yet not determined. Hero Motorcorp is currently trading up by 2.27%

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 stock market remains lackluster". 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.