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 share markets off day's highs
Fri, 23 Nov 11:30 am

Indian share markets shed early morning gains and were trading flat during the last two hours of trade. Sectoral indices traded mixed with consumer durable and energy stocks being the top gainers and PSU and banking stocks being the top losers.

The BSE-Sensex and NSE-Nifty are both trading flat at the moment. BSE Mid Cap and BSE Small Cap indices are trading up by 0.2% and 0.4% respectively. The rupee is trading at 55.33 to the US dollar.

Indian Pharma stocks are trading in the green led by Wockhardt Limited and Natco Pharma. As per a leading daily, the cabinet has approved the pharma pricing policy and accepted the Group of Ministers (GoM) recommendations on the National Pharmaceutical Pricing Policy without making any changes. As per the revised policy, pries of 348 essential drugs will now be capped. The prices would be calculated by taking the arithmetic average of prices of all drugs in a particular segment with more than 1% market share. The policy also calls for periodic review of the prices. With this, 30% of pharma market would be under price control now as compared to the earlier 17%. Companies like GSK Pharma, Cipla, Ranbaxy, Cadila, Abbott and Pfizer are expected to get affected the most.

Private banking stocks are trading weak led by City Union Bank and ICICI Bank. According to a leading financial daily, the scountry's largest private sector bank HDFC Bank has opened 36 new branches in the state of Haryana of which 26 are in the rural regions. These branches were inaugurated by the Haryana Chief Minister Mr Bhupinder Singh Hooda. With this, the total number of HDFC bank branches increased to 163 in Haryana. The bank plans to open 30 more branches in the state. As per the management, the move is in line with HDFC Bank's objective of facilitation of financial inclusion across the country.

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 share markets off day's highs". 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.