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?  

Metal, energy stocks lead gainers
Tue, 13 Dec 01:30 pm

Indian stock markets managed to bounce back and trade in the positive territory during the last two hours of the trade. Metal stocks and Oil and gas stocks are leading the gains while capital goods and consumer durables are trading weak.

The BSE-Sensex is trading up 105 points and NSE-Nifty is up 24 points. BSE Mid Cap and BSE Small Cap indices are trading down 0.6% and 0.7% respectively. The rupee is trading at 53.39 to the US dollar.

Engineering stocks are mainly trading weak led by KSB Pumps and Finolex Cables. However, Welspun Corporation is on the gaining end. As per a leading financial daily, Larsen and Toubro Ltd. (L&T) has won an order worth Rs 21.6 bn in its infrastructure segment. The order has come from GMR infrastructure for construction of stretches consisting of six laning of Kishangarh Udaipur Ahmedabad Highway. The Highway project is part of Phase V of National Development Programme (NHDP) of the National Highways Authority of India (NHAI). It intends to upgrade the golden quadrilateral section from existing four lane to six lane. As per the management, the orders would be executed on engineering, procurement and construction (EPC) basis. The company's construction division has recently won new orders worth Rs 27 bn in the months of October and November itself. The stock has been trading in the red.

Banking stocks have been trading in the red today with Bankex down 0.52%. The negative sentiment arose after the finance ministry raised concerns on the delay in state government approvals to infrastructure projects in the eastern region. The public sector banks have sanctioned significant amount of loans for large projects and delay in approvals has increased cost overruns endangering project viability thus raising default risks. Lending by banks to infrastructure projects, including telecom, power and roads, increased 21.7 per cent to Rs 5,745 bn in October according to Reserve Bank Of India (RBI) data.

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 "Metal, energy stocks lead gainers". 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.