BSE updates - Change in listing norms by SEBI

(Under BSE updates) - The Securities Exchange Board of India popularly known as SEBI, which controls and governs the working of Indian share markets by making amendements in the trading and listing rules in all the stock markets of india whether regional or Bombay Stock Exchange(BSE), National Stock Exchange (NIFTY) has come up with another amendement in the listing norms of the companies on indian share markets.

The change in listing norms would protect the minority share holders in any listed company on all the authorised stock markets across india. SEBI's step will prevent situations wherein companies come out with follow-on issues, rights issues or preferential allotments with higher voting rights per share, helping promoters get greater control in the company. According to Sebi amendements in norms, firms can come up with fresh issues that offer inferior voting rights or dividend, thereby helping raise equity without resorting to debt and giving up control.

However it's still not clear how the indian share markets would react to this change in coming trading days

BSE SENSEX ends almost flat after lackluster trading day

BSE's SENSEX today closed almost flat ahead of F & O series expiry in coming july, Most of the BSE's and 30 share index SENSEX saw decline in banking stock prices as Reserve bank said that there is still room for more rate cuts, During today's trading day BSE's SENSEX reached a day's high of 14463.46 where as SENSEX touched a low of 15240.53. However auto index of BSE saw a upward swing after reacting to RBI'S news of lowering of the interest rates.

Other BSE Indexes remained as following :

The BSE Midcap Index ended 1.13 per cent and BSE Smallcap Index 1.68 per cent higher.

BSE Realty Index surged 4.64 per cent after the government lowered interest rates on loans for affordable housing.

BSE Auto Index, up 1.92 per cent, was the second in lead boosted by significant gains in Tata Motors after the auto major delivered better-than-expected earnings in the April-June quarter.


NSE Nifty closed at 4564.10, lower by 8.2 points. The 50-share index traded in a range of 4599.90 and 4529.15 during the day.

NIFTY closes up^44.80 pts | SENSEX up^147.92 due to promising global environment

Looks like the recession period is finally over and Asian markets are in green at closing today, moreover Canadian government has given hint that global economic recession has finally ended. Closing of BSE's SENSEX NIFTY is as follows :

Also read -
The fall of NEWYORK as "World's financial Capital

Nifty closed at 4569.40, up 45.95 points or 1.02 per cent. The index touched an intra-day high of 4578.75 and low of 4504.85.

Sensex closed at 15382.35, up 151.31 points which is nearly rise of 1 percent. The 30 share Index touched an intra-day high of 15418.61 and low of 15168.52.

BSE Midcap Index gained 1.66 per cent and BSE Smallcap Index moved 1.80 per cent up. BSE Auto Index was up 5.04 per cent, BSE Realty Index gained 4.23 per cent and BSE Metal Index climbed up 2.25 per cent. BSE Bankex declined 0.84 per cent.

SENSEX rises 400 pts | NIFTY up 122 pts as recession ease

Also Read - Why New York is loosing "World Financial Capital" Tag

Bombay Stock Exchange's SENSEX index gained over 400 pts today as investors become bullish about recovering economic recession, NSE's NIFTY also closed up 122 pts as similar bullish sentiments were prevelant through out the trading sessions through out the day, Detailed and sector wise performace of the day of both SENSEX ans NIFTY is as follows :

Nifty ended at 4521.55, up 122.65 points or 2.79 per cent. The broader index touched a high of 4532.40 and low of 4405.95.

Sensex closed at 15237.94, up 394.82 points or 2.66 per cent. The index touched an intra-day high of 15264.84 and low of 14997.75.

BSE Midcap Index gained 2.38 per cent and BSE Smallcap Index moved 2.95 per cent higher.

Sectoral performance of BSE was as follow:

BSE Realty Index jumped 5.61 per cent higher, BSE Metal Index gained 4.34 per cent and BSE FMCG Index moved up 4.09 per cent.

Biggest gainers that propelled the 30-share Sensex were DLF (7.76%), Reliance Infrastructure (6.76%), Maruti Suzuki (6.63%), Hindalco Industries (6.2%) and ACC (5.96%).

BSE | NIFTY down due to profit making

Major Indian Stock Markets including BSE , NSE closed in red as speculator's were more actively selling then investor's and SENSEX, NIFTY closed in red by over over 215 pts and 70 pts resp, hence speculator's booked profits.

Bombay Stock Exchange’s Sensex ended at 14,843.12, down 219.37 points. The broader index hit a high of 15369.42 and low of 14786.58 . BSE had 1374 declines against 1231 advances on BSE.

National Stock Exchange’s Nifty closed at 4398.90, down 70.2 points. The index touched an intra-day low of 4380.45 and high of 4557.95.

The BSE Midcap Index was down 0.97 per cent and BSE Smallcap Index inched 0.35 per cent lower.

Amongst the sectoral indices, BSE Capital Goods Index declined 1.87 per cent, BSE IT Index was down 1.6 per cent and BSE Auto Index fell 1.61 per cent.

SENSEX closes down 128 pts | Nifty down 33 pts

(21/7/09) - Yesterday's rally in BSE's SENSEX and NSE's NIFTY was mere traders and brokers work who booked heavy profits by selling today as the indian stock indices remained in red throughout the day, The details about the BSE closing | Nifty closing is as shown below :

Bombay Stock Exchange’s Sensex closed at 15040.63, down 150.38 points or 0.99 per cent. The index touched an intra-day low of 14955.88 and high of 15234.21.

National Stock Exchange’s Nifty ended at 4461.80 down 40.45 points or 0.90 per cent. The broader index hit a low 4436.60 and high of 4524.

BSE IT Index was down 1.93 per cent, BSE Power Index slipped 1.86 per cent and BSE PSU Index declined 1.54 per cent.

BSE Metal Index was up 0.79 per cent and BSE Auto Index gained 0.04 per cent.

SEBI scraps no delivery period during Corporate announcements Events

To avoid volatility in markets, watchdog SEBI has done away with the practice of keeping shares under no-delivery during the record date for corporate announcements like bonus or dividend.

No-delivery period means that trading during the record date would not result in any delivery of shares.

However, this system was useful when trading used to take place in the physical form as certificates had to be delivered before record date starts to the registrars of companies.

However, the practice lost importance during the present days of demat or electronic trading.

"...it is decided to do away with 'no-delivery period' for all types of corporate actions in respect of the scrips which are traded in the compulsory dematerilaised mode," market regulator SEBI said in a circular.

Market analysts said the move will prevent market volatility.

"The announcement would prevent fluctuation in prices and it is good for the market," brokerage firm SMC Global Vice- President Rajesh Jain.

SEBI added the circular is issued to protect the interests of investors in securities and to promote and regulate the securities market and it would come into effect from August 1, 2009.

courtesy - economictimes

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.

BSE's SENSEX | NSE's NIFTY closes just marginal up 16/07/09

Bombay Stock Exchange’s Sensex ended at 14259.78, up 6.54 points. The index touched an intra-day high of 14493.10 and low of 14169.58. BSE Auto Index was up 2.10 per cent, BSE Oil&gas Index gained 1.82 per cent and BSE Healthcare Index moved 0.81 per cent higher. BSE Capital Goods Index was down 1.65 per cent.

National Stock Exchange’s NSE's Nifty closed at 4253.50, up 0.2 points. The index touched an intra-day high 4305 and low of 4205.50.

BSE Midcap Index was up 0.34 per cent and BSE Smallcap Index moved 0.43 per cent higher.

SENSEX > NIFTY closes 2.88 percent up as reality and metal stocks rise

Bombay Stock Exchange’s Sensex closed at 14,253.24, up 399.54 points or 2.88 per cent. The 30-share index hit a high of 14299.54 and low of 13891.04.

National Stock Exchange’s Nifty ended at 4233.50, up 122.1 points or 2.97 per cent. The index touched an intra-day high of 4249.55 and low of 4118.75.

The BSE Midcap Index closed 4.15 per cent and BSE Smallcap Index moved 4.56 per cent higher. Amongst BSE Realty Index gained 7.98 per cent, BSE Metal Index moved 5.67 per cent higher and BSE Power Index advanced 4.77 per cent.

BSE News and Updates - election for filling of trading member director

(source - bseindia.com) - The Trading Members of Bombay Stock Exchange Limited (the Exchange) are hereby informed that a vacancy shall arise at the ensuing Fourth Annual General Meeting of the Exchange to be held on Friday the 7th August, 2009 due to completion of two consecutive terms pursuant to Article 13.18A of the Articles of Association by one of the Trading Member holding office as a Director in the Trading Member Director category at the said meeting.

The Board of Directors of the Exchange has decided to fill in the said vacancy in the Trading Member Director category under the provisions of Rules, Bye-laws and Regulations and Articles of Association of the Exchange.

Accordingly, nominations are invited from the eligible Trading Members of the Exchange pursuant to Article 13.16.2 of the Articles of Association to fill in ONE vacancy in the Trading Member Director category, at the Fourth Annual General Meeting of the Exchange.

Sr.No.	Nature of activity	Date
1	Issue of nomination forms.	24.06.2009
2	Last date for submission of duly filled in nomination forms.	23.07.2009
3	Last date for withdrawal of nomination forms.	28.07.2009
4	Election of Trading Member Director by Shareholders.	At the Fourth Annual General Meeting to be held on Friday the 7th August, 2009.

Trading Members are advised to note the following terms and conditions of election:

The manner of election, appointment, tenure, resignation, vacation etc. of trading member directors shall be governed by Companies Act, 1956 save as otherwise specifically provided under or in accordance with the Securities Contracts (Regulation) Act, 1956, The BSE (Corporatisation and Demutualisation) Scheme, 2005 and the Circulars issued by SEBI from time to time specifying the Governance of the Exchange.
The conditions of eligibility and the method of appointment of Trading Member Directors shall be governed by the Articles of Association, Rules, Bye-laws and Regulations and SEBI’s letter dated 31st August, 2005 prescribing the manner of appointment of Directors and other incidental and consequential matters related to the governance of the Exchange.
Since the election if required by ballot, shall be conducted under the provisions of the Companies Act, 1956, Rules 96 to 112 given under the Chapter “Election of the Governing Board and Office Bearers” framed prior to Corporatisation of the Exchange to suit its requirement as an “Association of Persons” as per its constitution and objects, shall apply only to the extent it is not contrary to the provisions of the Companies Act, 1956, Articles of Association of the Exchange and SEBI directives on the governance of the Exchange issued from time to time.

SENSEX closes just above 13500 pts due to FII's

SENSEX shed 253 pts in the last hour of today session to close near crucial support levels. Foreign institutional investors (FII's) who turned sellers post budget pressed sales taking retailers by surprise.

Market opened firm after IT major Infosys Technologies announced better than expected results for quarter ended June. However, factors like weak global markets and expectations of average earnings report pinned down the market. Pessimism was so high that at one point market even discounted positively surprising Index of Industrial Production data.

Bombay Stock Exchange’s (BSE) Sensex ended at 13504.22, down 253.24 points. The index touched an intra-day low of 13418.39 and high of 13897.19.

National Stock Exchange’s Nifty closed at 4003.90, down 77.05 points or 1.89 per cent. The index touched an intra-day low of 3976.80 and high of 4129.95.

Market breadth on BSE showed 1785 declines against 772 advances. The BSE Midcap Index was down 1.92 per cent and BSE Smallcap Index declined 1.79 per cent.

Amongst the sectoral indices, BSE Oil&gas Index fell 3.28 per cent, BSE Power Index declined 2.54 per cent and BSE Capital Goods Index was down 2.28 per cent. The BSE IT Index moved 2.17 per cent higher.

SENSEX | Nifty closes flat - 9/7/09

Benchmark index closed almost flat after heavy selling for 2 days post budget session presented by Pranab Mukherjee(see budget highlights) , And mood on dalal street is completely bearish and future looks no bright as there are bears all around.

National Stock Exchange’s Nifty closed at 4080.95 up 2.05 points. The broader index hit a low of 4039.85 and high of 4114.90.

Bombay Stock Exchange’s (SENSEX) closed at 13,757.46, down 11.69 points or The index touched an intra-day low of 13643.97 and high of 13,879.18.

Market breadth comprised 1462 declines against 1078 advances on the BSE. The BSE Midcap Index was up 0.58 per cent and BSE Smallcap Index slipped 0.14 per cent.

In the Union Budget for this fiscal, tax benefits for Software Technology Parks of India (STPI) have been extended by one year. This is likely to have a positive impact on the front-line IT companies as their FY2011 earnings estimates would get upgraded by 3-5% while that of the mid-cap IT companies would see a higher upward revision,” said Sharekhan report. and Infosys results may trigger bulls and market may rise after the results of Infy are declared.

BSE's SENSEX closes below 14000 mark - 8/7/09

Bomabay Stock Exchange's(BSE) benchmark index SENSEX closed under 14000 mark as global environment is discouraging as US stocks shed more then 3 percent yesterday and major economies under great pressure, second largest economy of Japan is also facing tough conditions.

Most of FII sell their shares and BSE fell by over 400 pts today whereas NSE's Nifty fell 123 pts today as all the sub indexes were seen in red.

The details of BSE closing is as follows :

National Stock Exchange’s Nifty ended at 4078.90, down 123.25 points or 2.93 per cent. The broader index touched an intra-day low of 4061.10 and high of 4201.85.

Bombay Stock Exchange’s Sensex closed at 13,769.15, down 401.30 points or 2.83 per cent. The 30-share index hit a low of 13701.76 and high of 14039.58 in day’s trade.

The BSE Midcap Index was down 3.66 per cent and BSE Smallcap Index fell 3.73 per cent.

Major companies which were worst hit included Tata Steel, Sterlite Industries, DLF, Reliance Infrastructure and Larsen & Toubro were the worst hit.

Few of Nifty gainers were ACC, Maruti Suzuki, Hero Honda, Grasim Industries, and NTPC.

Fall in US markets on poor economic data and 3 per cent decline in Japanese machinery orders in May led to the onset of the fall back home. Below average rainfall in most parts of India also hurt sentiments.

SENSEX closing - up 112 pts | Nifty closing - up 26 pts

Benchmark index SENSEX closed on a higher note today mainly due to gains in auto, FMCG and capital goods space. Positive European markets provided some support to the market towards close of the session. It may be recalled that markets fell by record 870 pts yesterday after Union Budget was presented(read full report) for budget highlights(click here).

Bombay Stock Exchange’s Sensex closed at 14156.02, up 112.62 points. The 30-share index touched a low of 14000.68 and high of 14251.88 in trade so far.

National Stock Exchange’s Nifty was at 4191.90, up 26.20 points. The index touched an intra-day high of 4231.80 and low of 4155.50.

BSE Midcap Index gained 0.98 per cent and BSE Smallcap Index slipped 0.32 per cent.

BSE FMCG Index gained 3.95 per cent, BSE Auto Index was up 3.92 per cent and BSE Capital Goods Index moved 1.74 per cent higher. BSE PSU Index slipped 1.76 per cent and BSE Oil&gas Index declined 1.12 per cent.

Budget not on lines of BSE, fells 870 pts

The BSE benchmark Sensex suffered the biggest fall on any Budget day and in the year by plunging over 869 points on the Bombay Stock Exchange(BSE) on concerns over the high fiscal deficit set by the Union Budget.

Budget 2009-10 highlights

The Sensex, which started coming down soon after the announcement of budgetary proposals, dipped below 14,000-point level before closing 869.65 points down at 14,043.40, surpassing the hefty fall of 749 points on January 7.

The key index had touched the day's low of 13,959.44 as all the heavyweight stocks led by Reliance Industries suffered a heavy loss 6.53%.

Besides the fiscal deficit, trading sentiment also affected as European stocks dipped to a seven-week low on worries that economic recovery might still be far way off.

The 50-share National Stock Exchange index Nifty also tumbled by 258.55 points to 4,135.70, after hitting the day's low of 4,133.70.

Finance minister Pranab Mukherjee said the fiscal deficit may rise to 6.8% of gross domestic product in the year 2009-10, the highest since 1994.

Budget 2009-10 highlights

Banking sector stocks suffered the most, losing 8.17% to 7,768.63, as ICICI Bank tumbled by 10% and HDFC Bank by 5.88% among lenders as the Budget did not have measures to open up the industry and on concerns that the borrowing plan will reduce the value of bond holdings, brokers said.

Technical snag hits BSE during trading - 2/7/09

There was a technical glitch on the BSE for 3-4 hours that led to circuit filters being removed. This saw a surge in some mid cap and small cap stocks on huge volumes. But the error was rectified during market hours.

Shares of Assam Company ended at Rs 15.37 after moving between a high of Rs 16.25 and low of Rs 14.81. The stock has an upper circuit of Rs 15.31 and lower circuit of Rs 13.19. But according to dealers, the stock price shot up to Rs 77.20 at 3.06 pm with the volume at 1,38,35,059 shares. However, the closing figures on the BSE website do not show the price or volume.

The stocks which saw such movement on the BSE were: EMCO ended at Rs 83.75 with the intra day high/low of Rs.88.30/81.45, while the circuit limits were Rs. 85.50/77.40. Ahaluwalia Co ended at Rs.91.20 with intraday high/low of Rs.102.80/87.25 while the circuit limit was Rs.91.20/82.60. Ackruti ended at Rs.515.55 with intra day high/low of Rs.545.00/505.00 whereas the circuit limits were Rs.534.90/484.00.

Although traders repose faith in BSE’s administrative and regulatory capabilities, today’s trade has cast doubts.

courtesy economictimes

SENSEX | NIFTY closing rates for july 2009

The post provides closing rates details of BSE (Bombay Stock Exchange) , NSE (National Stock Exchange) on per day basis.

For world markets updates : Click here and for US markets updates : Click here.


BSE NSE closing rates for july 2009

24/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 15378.96 Up^147.92
NIFTY Closing rate 4568.55 Up^44.80

23/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 15231.04 Up^387.92
NIFTY Closing rate 4523.75 Up^124.85

22/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14843.12 Down(-219.37)
NIFTY Closing rate 4398.90 Down(-70.20)

21/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 15062.49 Down(-128.52)
NIFTY Closing rate 4469.10 Down(-33.15)

20/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 15191.01 Up^446.09
NIFTY Closing rate 4502.25 Up^127.30


17/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14744.92 Up^494.67
NIFTY Closing rate 4374.95 Up^143.55





16/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14259.78 Up^6.54
NIFTY Closing rate 4253.50 Up^0.2

15/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14253.24 Up^399.54
NIFTY Closing rate 4233.50 Up^122.10

14/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 13853.70 Up^453.83
NIFTY Closing rate 4111.40 Up^137.35

10/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 13504.22 Down(-253.24)
NIFTY Closing rate 4003.90 Down(-77.05)

9/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 13757.46 Down(-11.69)
NIFTY Closing rate 4080.95 Up ^2.05

7/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14170.45 Up^127.05
NIFTY Closing rate 4202.15 Up^36.45

6/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14043.40 Down(-869.65)
NIFTY Closing rate 4165.70 Down(258.55)

3/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14913.05 Up^254.56
NIFTY Closing rate 4424.25 Up^75.40


2/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14658.49 Up^13.02
NIFTY Closing rate 4348.85 Up^7.95


1/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close

SENSEX Closing rate 14645.47 Up^151.63
NIFTY Closing rate 4340.90 Up^49.80

Sensex closes 151 pts up | Nifty up ~50 pts

BSE sensex gained 151 pts to close at 14645.47 and Nifty closed at 4340.90 up by 49.80 pts. “Nifty has resistance at 4305-4335-4355 and above 4355 it may move to 4370 during the day. The index has support at 4270-4250-4225 and below 4225 we can see more selling pressure and Nifty could move to 4200-4185,

One and half hour after market opened today Sensex was at 14433.17, down 60.67 points or 0.42 per cent. The index touched an intra-day high of 14648.42 and low of 14400.42, NSE Nifty was at 4273.45, down 17.65 points or 0.41 per cent. The broader index touched an intra-day high of 4338.25 and low of 4261.35.

BSE Midcap Index was down 0.61 per cent and BSE Smallcap Index fell 0.74 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.66 per cent, BSE PSU Index slipped 1.09 per cent and BSE Power Index declined 0.85 per cent. BSE FMCG Index was 0.62 per cent higher.

Market breadth was negative on the BSE with 1444 declines and 671 advances today.

Invest in equity funds and get best gains in short span

Mutual funds are proving to be best investments presently as quarterly gains are at 17 yrs high BSE is also on rise and infrastructure stocks are best stocks for investment right now as according to me property rates would again touch sky heights so will be any of the infrastructure Mutual funds investments here are some of the details about how Mutual funds have performed in last quarter and have given best returns.

"The underperformance of equity funds was primarily owing to their exposure to non-equity assets like bonds, cash, etc during the early part of the quarter," he added.

Indian shares rallied during April-June, second only to Vietnam in Asia, on signs of an economic recovery and hopes for market-friendly policies by the re-elected Congress-lead government.

The gain was the biggest rise for the benchmark since it soared 124.5 per cent in the March quarter of 1992 when Manmohan Singh, who was then finance minister, kicked off reforms to open up the economy.

However, many diversified equity funds, which held an average 15 per cent of their assets as cash at the end of March and nearly 14 per cent at end-April, missed the share market surge.

They also invested about 30 per cent of their equity assets in energy sector and defensives such as consumers and drug firms, which lagged behind sharper rallies in sectors such capital goods, financials and metals.