Indian Stock Markets eroded nearly rs 20 trillion in fiscal year 2008-09

Investors witnessed an erosion of close to Rs 20 trillion from their wealth in the financial year 2008-09, with the Dalal Street crumbling
under the pressure of the global economic downturn, while Reliance Industries emerged as the biggest loser in the period.

The combined market valuation of all the listed companies in the country dropped to Rs 30,86,075 crore on the last day of this fiscal as against Rs 49,72,953.37 crore on March 31, 2008, leading to a loss of over Rs 18,86,000 crore during the period.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

The country's most valued firm corporate behemoth ,Reliance Industries, saw an erosion of close to Rs 89,460 crore from its market valuation during the fiscal ended March 31, 2009.

Interestingly, the Bombay Stock Exchange's benchmark index Sensex, which accounts for around 48 per cent of the market capitalisation of all the listed companies, has suffered a loss of nearly Rs 10,00,000 crore for the fiscal ending March 31, 2009.

Besides, in dollar terms the total loss of market valuation comes out be significantly more as the Rupee has depreciated from Rs 40.02 per dollar on March 31, 2008 to about Rs 50.86 at present. The loss calculated in terms of the respective conversion rates at the two particular dates comes out to be as much as USD 636 billion.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

Further, Foreign Institutional Investors have also played spoilsport for Indian equity markets as they have pulled out a whopping Rs 50,000 crore in FY' 2008-09 due to the liquidity crunch back home.

However, analysts predict elections are going to be the deciding factor for the way the domestic stock market would move forward in the next financial year as a stable government could prove positive for the Dalal Street.

we'll i m keeping my fingures crossed for atleast next 6 months or so.....

posted under - Indian stocks, indian markets updates, BSE updates, indian share markets, 2008-09 year, recession effect on market, indian markets and recession

BSE | NSE Stocks closing rates - March 2009

This post consists of daily closing rates of BSE (Bombay Stock Exchange) and NSE (Nifty) for the month of march 2009 all the enteries are in indian calendar year dates.

PS - green color of the entry shows market going up & red color shows that corresponding index closed lower when compared with previous day close

Index Name Closing Price Change wrto previous day close Remarks

March 31/09 BSE NSE NASDAQ DJIA closing stock rates :
SENSEX 9708.50 140.36 Up^140.36
NIFTY 3020.95 42.80 Up^42.80
NASDAQ 1501.80 -43.40 Down(-43.40)
DJIA 7522.02 -254.16 Down(-254.16)

March 30/09 BSE NSE NASDAQ DJIA closing rates :
SENSEX 9568.14 -480.35 Down(-480.35)
NIFTY 2978.15 -130.50 Down(-130.50)
NASDAQ 1545.20 -41.80 Down(-41.80)
DJIA 7776.18 -148.38 Down(-148.38)

March 25/09 BSE NSE NASDAQ DJIA closing rates

SENSEX 9667.90 196.86 UP^196.86 pts
NIFTY 2984.35 45.65 UP^45.65 pts
NASDAQ 1516.52 -39.25 DOWN(-39.25)
DJIA 7659.97 -115.89 DOWN(-115.89)

March 24/09 BSE NSE NASDAQ DJIA closing rates
SENSEX 9471.04 47.02 Up^47.04 pts
NIFTY 2938.70 -1.20 Down (-1.20) pts
NASDAQ 1555.77 98.50 Up^98.50 pts
DJIA 7775.86 497.48 Up^497.48 pts

posted under - BSE stocks, NSE stocks, DJIA stocks, Nasdaq stocks, S and P stocks news, BSE closing Rates, djia closing, sensex closing, Nifty closing, dow jones closing, indian markets updates

Foriegn Inst. Investors buy shares worth Rs 376.23 crore

Foreign institutional investors (FIIs) on Monday continued their investment in Indian stocks and bought shares worth Rs 376.23 crore even
as the BSE's sensitive index gained over five per cent in a single day.

FIIs were the gross buyer of equities worth Rs 1,466.95 crore, whereas they sold equities worth Rs 1,090.72 crore resulting in a net investment of Rs 376.23 crore, according to the provisional data available with the Bombay Stock Exchange website.

On Friday, FIIs were the net buyer of Indian shares worth Rs 49.40 crore, the latest data available with the market regulator Securities and Exchange Board of India showed.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

Domestic institutional investors also extended their confidence and were the net purchaser of stocks worth Rs 376.51 crore.

Similar trend was witnessed among proprietors and non-resident Indians (NRIs). The two categories of market participant made a combined net investment of Rs 16.94 crore. However, brokers on the behalf of their clients followed opposite trend and were the net seller of equities worth Rs 164.49 crore.

posted in - indian markets updates, BSE updates, NSE updates, indian stocks, BSE rates, NSE rates, indian share markets

Sebi asks 11 cos to resolve investor issues within 30 days

Market regulator Securities and Exchange Board of India on Monday asked 11 companies to resolve investor issues in a month or face penalty.

"If any of these companies fails to redress the grievances and submit the status report ... within 30 days from the date of this advertisement, SEBI shall be constrained to take actions against these companies and their directors," it said in a statement.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

The companies include Aashi Industries, Beta Naphthol, Indo American Optics, Jayant Vitamins, Motorol Enterprise, Ojas Technochem Products, Indo American Credit Corp, Hindustan Industrial Chemicals, Topline Shoes, Panjwani Packaging and Pankaj Agro Protinex.

SEBI said it has received a large number of complaints against these companies from investors and that these firms have not responded to the regulator's letter sent along with the list if complaints to them for resolution.

The regulator said, as per the SEBI Act, "such companies shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less."

posted in - SEBI updates, indian markets updates, SEBI latest news, BSE updates, NSE updates, SEBI

Wall Street down due to banks (DJIA, Nasdaq, S & P 500 stocks updates)

March 20/09 - U.S. stocks were trading in red on Friday as bank shares slid following news of a tepid debut of a key U.S. Federal Reserve measure to revive lending.

JPMorgan dropped more than 4 percent to $23.80, making the stock one of the top drags on the Dow Jones Industrial Average(DJIA), while Bank of America plummeted 11 percent to $6.16.

When last posted all the major stock markets of USA were in red . and further adding to the downturn is that people are not expecting any good news in near future as AIG bonus news were heard and if the Bonus Tax is passed as law (ie tax on the money given as bonuses to employees ) then it can give rise to brain drain in US. So the future looks much bleek and we can see couple of trading sessions in red too tomorrow too.

posted under - Dow Jones updates, Dow Stocks, DJIA stocks, Nasdaq stocks, nasdaq rates, wall street updates, DJIA, Nasdaq, S & P stocks news

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 - www.economictimes.com

19/3/09 - BSE, NSE surpasses key psycological checkpoints (levels)

After a firm opening taking cues from global shores, investors took to profit booking at higher levels. Sentiment worsened after inflation eased close to zero -- a sharp slide towards deflationary territory. The annual rate of inflation fell by as much as 200 basis points to a historic low of 0.44 percent for the week ended March 7 against 2.43 percent for the week before.

However, the silver lining to the fall in inflation rate was that the central bank may take some steps soon to help lower the cost of credit for the corporate sector and push demand, which helped lift sentiment. A positive opening on the European bourses also lent support.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

“Investors were clearly looking at booking profits at short intervals. The Nifty is now trading in a range of 2825-2750. On the upside, the index faces resistance around 2800-2830 levels while the support is around 2750-2740 levels. If the Nifty falls below 2750, then a correction right upto 2675 seems possible,” said Manas Jaiswal, senior technical analyst at Emkay Shares and Stock Brokers.

National Stock Exchange’s Nifty ended above the crucial level of 2800; at 2807.15, up 0.45 per cent or 12.85 points. The index moved in a range of 2822.25 and 2771.35. Bombay Stock Exchange’s Sensex settled at 9,001.75, up 25.07 points or 0.28 per cent. The index swung in a 100-point band through the day.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

The broader market also lost steam during the course of the day but held onto gains. BSE Midcap Index ended 0.52 per cent higher and BSE Smallcap Index was up 1.08 per cent.

Among frontline counters, Sterlite Industries (4.18%), HDFC (2.53%), Tata Consultancy Services (1.62%), Maruti Suzuki (1.7%) and Sun Pharmaceuticals (2.33%) posted modest gains, helping the indices crawl back into the positive territory.

Larsen & Toubro (-4.14%), BHEL (-3.15%), Tata Motors (-2.75%), Reliance Communications (-2.03%) and Mahindra & Mahindra (-1.89%) remained under pressure.

Sectorwise, realty, technology and banking stocks led the upmove while capital goods and auto stocks ended with losses. Market breadth on BSE showed 1354 advances against 1105 declines.

posted under - BSE stocks, sensex updates, daily sensex updates, nse, national stock exchange, nse updates, nse rates, BSE rates

BSE fixes record date for bonus shares

Record Date for Allotment of Bonus Shares

NOTICE IS HEREBY GIVEN pursuant to Section 154 of the Companies Act, 1956 that Friday, the 13th March, 2009 has been fixed as the Record Date for ascertaining the Names of the Shareholders who shall be entitled to receive the Bonus Shares of the Company in the ratio of 12:1 (Twelve New Equity Shares for every One Equity Share held) as approved by the Members at the Extraordinary General Meeting held on Friday, the 20th February, 2009.

Members whose names appear on Register of Members of the Company and /or the Register of beneficial owners maintained by the Depositories as at the close of the Friday, the 13th March, 2009 will be entitled to the aforesaid Bonus Shares.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

Members Holding Shares in Demat Mode The depository accounts of Members holding shares in demat mode will be credited with their entitlement of Bonus Shares and would be intimated accordingly.

Members Holding Shares in Physical Mode Transfer documents received upto the close of Friday, the 13th March, 2009 will be considered for entitlement of Bonus Shares.

Members Holding Shares in Physical Mode but require the Bonus Shares to be in demat mode Such Members should intimate the Company's Registrar and Share Transfer Agent (RTA), about their Client Id and Dp Id Nos. on or before Friday, the 13th March, 2009

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

Please inform about change of address to the Company's RTA - Karvy Computershare Computershare Private Limited, Plot No. 17- 24, Beside Image Hospital, Vittrao Nagar, Madhapur, Hyderabad- 500 081 on or before Friday, the 13th March, 2009.
For, Bombay Stock Exchange Limited
Place: Mumbai Date: 25th February,2009
Sd/V. G. BhagatCompany Secretary

posted under - BSE updates, bombay stock exchange, BSE limited, news from BSE, bonus shares news
source -www.bseindia.com