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 Markets Finish in green
Thu, 12 Mar Closing

Indian markets broke the losing streak as it closed today's trading session with about 1% gains. BSE-Sensex gained nearly 1% or 271 points and closed at 28,930 while NSE-Nifty gained nearly 0.9% gains and closed at 8,776. The BSE Mid Cap and BSE Small Cap recorded gains of 1.2% and 0.9%, respectively. Among sectoral indices, automobile sector and capital goods sector emerged on the top with maximum gains. Investor optimism towards Indian equities gained traction as result of IMF's statement on the country's improving economy and Moody's approach towards labelling the Indian economy as "Stable". Investors await the industrial production and inflation figures.

Commodities have traded with moderate gains. Gold prices, per 10 grams, have increased about Rs 90 and is trading at Rs 25,775 levels while Silver prices, per kilogram has increased over 1% and is trading at Rs 35,430 levels. Crude oil prices jumped over 1.4% and are trading at Rs 3,040 levels. Indian Rupee declined against US Dollar by 0.4% to Rs 62.51 levels.

European indices are trading with moderate gains as Eurozone's industrial production came in below expectations. However, Britain's economic data buoyed the investor sentiments. DAX is trading with marginal gains of 0.2% while FTSE is trading with 0.8% gains.

Shares of IVRCL jumped over 7% after the company bagged order worth Rs 2.26 billion. Of the order amount Rs 1.63 billion is attributed towards building residential quarters in Tamil Nadu while the remained Rs 0.63 billion will be contributed by the project of sewerage system in Bangalore. While the project of constructing building has been awarded by Government of India, the project of sewerage system has been awarded by the Bangalore Water Supply and Sewerage Board.

Shares of Jindal Stainless gained more than 17.5% after the government, after much investigation, imposed anti-dumping duty in the range of US$ 180 to US$ 306 tonnes. These anti-dumping duties will be imposed only on those industrial-grade stainless steel products that are imported from Asian countries such as South Korea, China and Malaysia. A year ago Jindal Stainless had complained to the government about how the dumping of imports was hurting the domestic industry. It was only later that the Government imposed the duties.

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 Markets Finish in green". 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.