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Showing posts with label indian market updates. Show all posts
Showing posts with label indian market updates. Show all posts

Monday, July 20, 2009

BSE | NIFTY closes 3.03 percent | 2.91 percent respectively

BSE opened in green today as technology major TCS posted a more then expected profit in Q2 for the year and the trend was followed by all the asian stocks as CITI group posted a $4.3 billion Q2 profit and the trend continued for all the trading sessions today as Reliance Inustries Limited, ICICI bank pushed the market up . All the subindexes of BSE were up details of the day were as follows:

Bombay Stock Exchange’s Sensex ended at 15,191.01, higher by 446.09 points or 3.03 per cent. The 30-share index hit a high of 15,209.36 and low of 14854.17.

National Stock Exchange’s Nifty closed at 4502.25, up 127.3 points or 2.91 per cent. The index touched an intra-day high of 4510.30 and low of 4377.90.

BSE Midcap Index was up 2.54 per cent and BSE Smallcap Index moved 2.52 per cent higher.

Amongst the sectoral indices, BSE IT Index moved 7.26 per cent higher, BSE Realty Index advanced 4.91 per cent and BSE Bankex moved up 4.37 per cent.

Wednesday, June 17, 2009

India decides to launch interest rate futures

India decided to introduce exchange-traded interest rate derivatives to help corporates, banks and households guard against interest rates volatility, a move that came nine months after launching of exchange- traded currency futures.

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-BSE aims at internationalization of listing businessNEW !!
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The derivatives would be based on the 10-year government bond yields, according to market regulator Securities and Exchange Board of India (SEBI) and banking watchdog Reserve Bank of India (RBI).

"Eligible exchanges desirous of offering interest rate futures may apply to SEBI after fulfilling the conditions," SEBI said in a release.

The conditions are given in a report by an RBI-SEBI joint panel and are approved by both the regulators.

The report said those having a networth of Rs one crore would become trading members and those with Rs 10 crore networth would be clearing members in interest rate futures.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

The contract would be settled by physical delivery, the panel said. The move will also help to develop the debt markets.

courtesy - economictimes

Monday, May 18, 2009

NSE keeps circuit limit unchanged

The National Stock Exchange (NSE) on Monday said it has kept its circuit filters unchanged and trading will come to a halt if benchmark index Nifty rises or falls by 300 points in a day.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

"The existing policy will continue to govern trading on the exchanges. Accordingly, the first level of the circuit breaker at 10 per cent will be triggered at 300 points for Nifty and 975 for Sensex over the respective closing level of the indices today," the NSE said in a statement.
 Wall Street updates
The announcement by NSE came in after the market authorities had to halt the trading - initially for two hours and later for the entire day - as the rules do not permit the trade to continue if a single-day gain exceed 20 per cent in either of the two benchmark indices, Sensex and Nifty.

The 50-share Nifty today soared 531.65 points in the opening trade which led to the regulators closing the equity and equity derivatives market closed for two hours. Following opening, Nifty further went up 651.50 points to 4,323.15, which triggered a halt for the day.

This circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide and
are triggered by movement of either Sensex or Nifty, whichever is breached earlier.

Also the Sensex today soared by 2,111 points to close at 14,284.21 points. It had surged 1,760 points at 13,963, hitting the upper circuit following which trading was halted for two hours. After the trading was resumed, the Sensex soared 806 points at 14,284.21 triggering a halt for the day.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

On March 31, 2008, the last trading day of the quarter, Sensex closed at 9,708.50 points. The absolute points of Sensex variation which would trigger market wide circuit breaker for any day in the quarter between April 1 and June 30 would be 975 points for first 10 per cent trigger point, 1,450 points for the second 15 per cent trigger point and 1,950 points for the final 20 per cent trigger.

Similarly for the Nifty, the three trigger points in the current quarter would be 300 points, 440 points and 600 points - based on a closing level of 3,020.95 points on March 31. In case of a 10 per cent movement of either of these indices, there would be a one hour market halt if the movement takes place before 1 pm.
 Wall Street updates
In case of a 15 per cent movement of either index, there will be a two hour market halt if the movement takes place before 1 pm. If the 15 per cent trigger is reached on or after 1 pm but before 2 pm, there will be a one hour halt. If the 15 per cent trigger is reached on or after 2 pm the trading will halt for the remainder of the day.

In case of a 20 per cent movement of the index, the trading will be halted for the remainder of the day.

Monday, May 11, 2009

Sensex may fall to 11450 if 11750 is breached

One of the reputed securities firm advises investors to be a gradual investor at major support levels like 3510 and 3350 on the Nifty with a medium term view in mind. On intra-day basis, it expects the Sensex to trip to 11450 if it fails to hold on to 11750 support. Here one can take fresh long trades and make partial investments in the market.

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-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

“The market remained in a very narrow range through out the week with a huge volatility inside the range. This suggests us that the market is at paused levels and is deciding which side the go. However, the break of range on the "lower side" will readjust the prices of many index heavy weights and may strengthen the current on going trend of the market. On failure to do so and upward break out may compel long traders to trade long with a high risk in the market.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Here we are calling it "high risk" for long traders because, the risk reward ratio is not suitable to trade long above 3700/ 12300 levels in the near term as the confidence levels may below above those levels. If we take the reading of major oscillators then we may say that they are diverging negatively to the price. Second, the prices are at their major resistance levels without any major correction since 3300 levels. Third the final countdown to the current elections will start and that will keep the sentiment mixed at higher levels. And last but not least is that the world markets are also on the verge of completion of the current rally as they are also near to their major resistance levels and are due for temporary correction in the near term.

Thursday, April 9, 2009

FIIs buy shares worth Rs 171 crore

Foreign institutional investors on Thursday were the net buyer of shares worth Rs 170.92 crore amid a marginal gain of nearly 61.52 points or 0.57 per cent in the benchmark index of the Bombay Stock Exchange.

FIIs were the gross buyer of shares worth Rs 2,076.63 crore whereas they sold stocks worth Rs 1,905.71 crore, resulting in a net purchase of shares worth Rs 170.92 crore, the provisional data available with the BSE shows.

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On Wednesday, FIIs were the net buyer of shares worth Rs 484.10 crore, the latest data available with the market regulator Securities and Exchange Board of India shows.

Similar trend was witnessed among the domestic institutional investors (DIIs). As per the BSE data, DIIs were the net purchaser of stocks worth Rs 308.39 crore.

However, two other market participants -- brokers on the behalf of their clients and non-resident Indians (NRIs) booked profit and were altogether seller of shares worth Rs 77.42 crore.

Proprietors, on the other hand, were optimistic about the market and invested a net Rs 24.90 crore in shares.

posted under - FII updates, investment in india, FII updates, FII in india, indian market updates, BSE rates, BSE live

Friday, March 20, 2009

March 20/09 - Nifty seen volatile between 2700 and 2850

March 20/09 - (NIFTY CLOSING UPDATES) - NSE’s 50-share Nifty closed the day at 2807.05, down just 0.10 points. The Sensex ended 0.39 per cent lower at 8966. levels. Intraday, Nifty touched a high of 2816.10 and low of 2773.65, a band of 43 points.

Nifty March futures provisionally ended at a discount of 8.5 points against a discount of 7 points on Thursday. The contract price slipped 0.08 per cent while open interest added 22.52 lakh shares. The sell quantity was slightly higher than buy quantity, suggesting slight build up of short positions.

Nifty April futures, on other hand, ended at 12 points discount. The contract price was down just 0.01 per cent while it added 21.72 lakh shares in OI. The discount spread between the two contracts indicates rollover of short positions to the April series.

On options front, call buying was seen at 2800 while call writing at 2900 strikes and unwinding of longs were observed at 3000 strike suggesting strong resistance for Nifty in near term. Huge put writing was seen at 2800 and 2700 strikes while moderate put buying was observed at 2900 strike. The options build up suggests Nifty will remain in 2750-2850 range.

posted under - Nifty, Nifty updates, indian market updates, NSE updates, bse stocks, NSE stocks, National stock exchange updates, nifty stock updates, march updates
source -

Friday, November 7, 2008

Recognized Stock Exchanges in india

India is ranked seventh in area as a country in whole world and there are 23 recognized stock exchanges in india, It consists of various regional stock exchanges , National stock exchange(NSE), Bombay Stock Exchange (BSE).

Regional Stock Exchanges are in orange color.
National Stock Exchanges are in green shade.
Bombay Stock Exchange is in blue shade.

Following is the list of various recognized stock exchanges in whole india:

1. BSE (Bombay Stock Exchange, Mumbai, Maharashtra) : Index named as Sensex consists of 30 indian companies.

Regional Stock Exchanges in india :
1. Ludhiana Stock Exchange ( LSE) is situated in industrial hub of Punjab(a state sharing it's border with Pakistan in the west). The stock exchange is situated in Feroze Gandhi Market Complex on National Highway 95 ( Poularly known as Ferozepur Road) and is one of the 23 Stock exchanges located in India.
2. Meerut Stock Exchange ( situated in Uttar Pradesh's Meerut city)
3. Delhi Stock Exchange ( situated in New Delhi,political capital of india)
4. Jaipur Stock Exchange (stock exchange situated in Rajasthan's jaipur city)
5. kanpur Stock Exchange (situated in kanpur, city in Uttar pradesh state of India)
6. Lucknow Stock Exchange (situated in Lucknow, capital of Uttar Pradesh)
7. Patna Stock Exchange (situated at patna, capital of indian state of Bihar)
8. Bhubneshwar Stock Exchange (situated at bhubneshwar, capital city of Orrisa)
9. Guwahati Stock Exchange (situated at Guwahati in Eastern india, capital of Assam)
10. Ahmedabad Stock Exchange (situated in state of Gujarat)
11. Rajkot Stock Exchange (situated in state of Gujarat)
12. Vadodara Stock Exchange (situated in state of Gujarat)
13. Indore Stock Exchange
14. Kolkata Stock Exchange
15. Hyderabad Stock Exchange (situated in Andhra Pradess)
16. Bangalore Stock Exchange (situated in Bangalore, IT hub of India, Karnataka)
17. Mangalore Stock Exchange (situated in state of karnataka)
18. Kochi Stock Exchange (situated in kerala, in south India)
19. Coimbatore Stock Exchange (in tamil Nadu, india)
20. Chennai Stock Exchange (southern most metro of India)
21. Mumbai Stock Exchange (situated in mumbai, Economic capital of India)
22. Pune Stock Exchange (situated in state of Maharashtra)

Cities where National Stock Exchanges in india are present:
1. Ahmedabad (Gujarat)
2. Mumbai (Maharashtra)
3. New Delhi (New Delhi)
4. kolkata (West bengal)
5. Hyderabad (Andhra pradesh)
6. Chennai (Tamil Nadu)

Sunday, June 1, 2008

Government opening forex trade in stock exchange for common man

Indian government is seriously considering of easing the norms(terms and conditions) for common man to start forex trading through indian stock markets including BSE(Bombay Stock Exchange) and NSE ( National Stock Exchange) or Nifty in near future.

The finance minister and members of all the stock exchanges of india had a meeting and final consent was given for the move. Common man must feel somewhat relaxed now as he/she can directly do forex trading in Stock exchange which was earlier possible for business houses and exporters as in earlier days the terms and conditions applicable for forex trading in stock exchanges were too restrictive and common man could not ever think for such trading in stock exchanges.

Also see How to start online share trading in stock markets?

This move would also make investment firms rethink of bringing back their investments back to indian subcontinent which were stopped due to government restrictions, so indians can see US dollar weakening with respect to Indian Rupee in near future and US $ will again come at under INR 40 due to this move.

Do's and dont's of Online trading in share market

Monday, March 17, 2008

March 2008 Market Highlights | Advise for Investor's "hold on investment for longer time"


Indian stock markets closed a whopping 900 pts down on 17th march 2008 due to growing global uncertainity and weakening US dollar against EURO due to which oil prices touched new record high of $111/barrel and the trend is further growing to continue.

However our blog prediction for market crash(made on 15th march) owing to uncertainity in global markets was yet again proved right : THANKS TO OUR MARKET ANALYSTS! and the future looks sceptical too so the suggestion to investor's is to hold on their money till the global uncertainity ends.

It has been highlighted many times that indian market is governed by US market and is more in hand of US economy then Indian investors. so advice for the investors is to follow the trends in the US stock markets NASDAQ, New York Stock Exchange(NYSE) and other major stock exchanges like Dow Jones etc.

Details for 17/3/2008:

Across the board sell-off, on account of weak global cues, saw indices closing over 6 per cent lower. Mid-caps and small-cap stocks were the worst hit. Indian benchmarks grossly underperformed its peers globally. Bombay Stock Exchange’s Sensex closed at day’s low of 14,740.12, down over 900 points or 6.47 per cent.

National Stock Exchange’s Nifty ended at 4,484.55 down 5.50 per cent, worst close for the benchmark after September 6, 2007. It touched a low of 4482.10. BSE Mid-cap Index ended at 6,583.45, down 478.22 points or 7.26 per cent and BSE Smallcap Index fell to 7,515.98 down 563.52 points or 6.97 per cent.

ICICI Bank (down 15.06%) was the worst hit. Jaiprakash Associates (down 12.7%), HDFC (11.28%), Hindalco Industries (9.39%), Reliance Energy (8.68%), Tata Steel (8.54%), Grasim Industries (8.15%) and DLF (7.96%) were the other index losers. Across BSE, 2395 declines outnumbered 289 advances.

hence the golden word is "DON'T PANIC" hold on with your investment.

Sunday, March 9, 2008

Indian Richie Rich loose $ 20 billion | thanks to Stock Markets

Indians' new-found dominance in the world's richie-rich club does not seem to have impressed the bourses, with the market value of companies led by ten richest from the country dipping by over $20 billion ever since the salutation came from the US business magazine Forbes.

In its annual list of world's billionaires, Forbes said last week on March five that Indians account for the maximum number of four billionaires among ten richest in the world - up from just one a year ago.

The magazine identified a total of 53 billionaires from India with a combined net worth of $340.9 billion, which included a hefty share of nearly two-third or $228.6 billion with the ten richest Indians.

However, a weak stock market after the list's release eroded about Rs 80,000 crore ($20 billion) from the market value of groups led by these ten – thus wiping off over $10 billion or about five per cent of their personal wealth.

The ten richest Indians, as named by Forbes, are Lakshmi Mittal, Mukesh Ambani, Anil Ambani, K P Singh, Shashi and Ravi Ruia, Azim Premji, Sunil Mittal, Kumar Mangalam Birla, Ramesh Chandra and Gautam Adani. The first four are also among the world's ten richest, a feat achieved by only Lakshmi Mittal last year.

After March five, when the list was published, there has been just one day of trading in Indian stock market - March 7, while the global markets have traded for two days.

Close to 30 companies belonging to the groups led by ten richest Indians saw their market values dropping by up to 15 per cent on March 7, barring a few like Reliance Communications (up 3 per cent) and Bharti Airtel (up 0.15 per cent) that managed to close with gains on the day.

source: economic times


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