Positive Europe opening boosts SENSEX at closing hours

(posted under BSE closing) - Sensex closed at provisional 16,938.03, advancing 74.97 points or 0.44 per cent from Friday’s close. The Bombay Stock Exchange’s 30-share index charted a high of 16,971.15 versus a low of 16,806.50 intraday.

Nifty ended the day at provisional 5088.80, gaining 22.25 points or 0.44 per cent. The National Stock Exchange benchmark saw a high of 5097.60 against a low of 5038.55.

PSU, auto and healthcare stocks did well in this choppy market, while realty, IT, capital goods proved laggards.

The top index gainers included M&M, ONGC, BHEL, Hero Honda, SBI, Wipro, RIL, Tata Motors, Bharti Airtel.

SENSEX | NIFTY closes in green today

(posted under - SENSEX closing) - Atlast indian stock indices closes in green after a long time, and the bulls are smiling again!!

Bombay Stock Exchange’s Sensex closed at 16372.08, up 349.60 points or 2.18 per cent. The index touched a high of 16410.35 and low of 16069.78.

BSE Midcap Index was up 1.48 per cent and BSE Smallcap Index moved 1.69 per cent higher.

Amongst the sectoral indices, BSE Realty Index gained 2.98 per cent, BSE IT Index advanced 2.91 per cent and BSE Metal Index moved 2.89 per cent higher.

National Stock Exchange’s Nifty ended at 4912.25, up 105.5 points or 2.19 per cent. The broader index hit a low of 4807.30 and high of 4925.45 in trade so far.

Indian Stock Markets ends in red due to global cues

(posted under - BSE live | Indian Stock Markets) - Major indian stock indices (BSE SENSEX and NSE's NIFTY) was in red throughout the day as global cues and korean news took their toll on indian markets as Indian market is also global market so it follows what the other major indices do.

The closing prices are as follows:

National Stock Exchange’s Nifty ended at 4806.75, down 137.20 points or 2.78 per cent. The index breached the crucial support of 4800 and touched an intraday low of 4786.45.

Bombay Stock Exchange’s Sensex closed at 16,022.48, down 447.07 points or 2.71 per cent. The 30-share index fell below 16,000 to touch an intra-day low of 15,960.15.

The BSE Midcap Index plunged 3 per cent and BSE Smallcap Index fell 3.43 per cent.

Amongst the sectoral indices, BSE Metal Index fell 5.10 per cent, BSE Capital Goods Index declined 3.09 per cent and BSE Bankex fell 2.62 per cent.

SENSEX | NIFTY closes marginally down -24/5

(posted under - BSE closing | NSE closing) - Bombay Stock Exchange’s Sensex ended at 16428.45, down 17.16 points or 0.10 per cent. The 30-share index hit intra-day high of 16757.73 and low of 16413.03.

National Stock Exchange’s Nifty closed at 4928.80, down 2.35 points or 0.05 per cent. The 50-share index hit intra-day high of 5029.55 and low of 4923.45.

BSE Midcap Index was down 0.19 per cent and BSE Smallcap Index moved 0.37 per cent higher.

Amongst the sectoral indices, BSE Oil&gas Index gained 1.33 per cent and BSE Power Index moved 1 per cent up. BSE Realty Index declined 2.28 per cent and BSE Metal Index fell 1.35 per cent.

Ambani's brings bulls at markets SENSEX in Green

Bombay Stock Exchange’s Sensex was at 16656.01, up 161.40 points or 1.28 per cent. The 30-share index hit intra-day high of 16724.91 and low of 16494.61.

BSE Midcap Index was up 1.46 per cent and BSE Smallcap Index moved 2.09 per cent higher.

Amongst the sectoral indices, BSE Oil&gas Index gained 2.48 per cent, BSE Metal Index moved 1.92 per cent higher and BSE Realty Index advanced 1.73 per cent.

Reliance Power (8.94%), Reliance Infrastructure (6.66%), Reliance Commuications (5.74%), Reliance Capital (5.56%) and Reliance Industries (3.49%) led the Nifty upmove.

HDFC (-1.49%), Tata Power (-0.60%), BPCL (-0.52%), GAIL (-0.39%) and HCL Tech (-0.35%) resisted the upmove.

Market breadth was positive on the NSE with 2039 gainers against 824 losers.

Indian Markets closes in green - 20/5/2010

Bombay Stock Exchange’s Sensex was at 16519.68, up 111.19 points or 0.68 per cent. The index touched a high of 16617.80 and low of 16419.10 in today’s trade.

National Stock Exchange’s Nifty ended at 4947.60, up 27.95 points or 0.57 per cent. The broader index hit intraday low of 4924.30 and high of 4980.25 BSE Midcap Index was down 0.05 and BSE Smallcap Index slipped 0.55 per cent.

Amongst the sectoral indices, BSE Oil&gas Index advanced 1.79 per cent and BSE Healthcare Index moved 1.14 per cent up. BSE Realty Index declined 2.04 per cent.

Jindal Steel & Power makes into SENSEX

Grasim Industries was excluded from the Sensex, BSE-100, BSE-200 and BSE-500 indices.

The company has been replaced in the Sensex by Jindal Steel & Power and in the BSE-100 Index by Asian Paints, a BSE release said.

In the BSE-200 Index, JSW Energy comes in while in the BSE-500 Index, Persistent Systems has been included in place of Grasim, the release said.

The changes are with effect from May 26. Trading in the equity shares of Grasim Industries shall be trading ex-entitlement with effect from May 26, on account of demerger of the cement division, the release said.

Indian stocks nosedives as Germany uncertainity rules

The closing stock prices of major indian stock indices for today(20/5/2010) is as follows:

National Stock Exchange's Nifty ended at 4921.40, down 144.80 points or 2.86 per cent. The index slipped below 200DMA of 4988 before hitting intraday low of 4908.15.

The index breached its 200 DMA for second time in last three trading sessions. According to analysts, the situation will worsen if the index continues to close below 200 DMA for at least two consecutive sessions on huge volumes.

Bombay Stock Exchange’s Sensex was at 16415.73, down 460.03 points or 2.73 per cent. The index hit intraday low of 16373.32 and high of 16802.39.

Traders offloaded stocks from broader markets as well. BSE Midcap Index fell 2.62 per cent and BSE Smallcap Index slipped 2.61 per cent lower.

All the sectoral indices were beaten down bad and blue. BSE Metal Index fell 4.51 per cent, BSE Realty Index tumbled 3.98 per cent and BSE Bankex declined 3.65 per cent.

BSE SENSEX follows global markets | Closes in red

Euro zone trouble seems to be never ending trouble as of now! Indian Stock Markets closed in deep red as investors seem to become uncertain about the Euro zone crises and sold there stocks. Thus Bombay Stock Exchange’s Sensex closed at 16835.56, down 159.04 points or 0.94 per cent. The 30-share index hit intra-day low of 16551 and high of 16961.92.

National Stock Exchange’s Nifty also followed and ended at 5059.90, down 33.60 points or 0.66 per cent. The index touched a low of 4966.25 and high of 5094.55 in today’s trade.

The closing prices of major sectoral indices for today(17/5/2010) is as follows:

NIFTY	5059.90
SENSEX	16835.56
MIDCAP	0.21 percent
BSE Capital goods	2.80 percent
BSE AUTO	1.27 percent
BSE Oil&Gas	1.85 percent
BSE SMALLCAP	0.68 percent

Indian Stock Markets closes in red as Greece worries return

(posted under - BSE live, BSE closing, Nifty closing) - Indian Stock Markets closed inred today as worries over the Euro Zone bailout returns, Investors are worried that How Greece would reduce the Economy deficit.

The closing stock prices of BSE's SENSEX and NSE's Nifty is as follows(all the sectoral indices also closed in red today):
Bombay Stock Exchange’s Sensex ended at 17141.53, down 189.02 points or 1.09 per cent. It touched a high of 17379.15 and low of 17104.45 in today’s trade.

National Stock Exchange’s Nifty closed at 5136.15, down 57.45 points or 1.11 per cent. It touched intra-day high of 5206.70 and low of 5126.50.

BSE Midcap Index was down 0.99 per cent and BSE Smallcap Index declined 0.85 per cent.

Amongst sectoral indices, BSE Metal Index was down 2.57 per cent, BSE Realty Index declined 2.43 per cent and BSE Healthcare Index slipped 1.59 per cent.

Sensex Smiles at closing - 10 may 2010

CHEERS ! as finally bulls have arrived at BSE's courtyard as Indian Stock markets closed up by more then 500 points or 3.75 percent. The 30-share benchmark index hit a high of 17356.54 and low of 16799.49. NSE's NIFTY also closed up by 175 points or 3.64 percent The 50 stock index touched a high of 5201.85 and low of 5026.60 in today’s trade.
All the sectoral indices also traded in green through out the day today, The rise in stock markets is because of positive impact of bailout of Greece.

The closing prices of BSE SENSEX | NSE NIFTY is as follows:

NIFTY	5193.60
SENSEX	17330.55
MIDCAP	Up 2.50 %
BSE REALTY	Up 6.45 %
BSE BANKEX	Up 4.11 %
BSE METALS	Up 6.35 %
BSE SMALLCAP	Up 2.75 %

Double dip recession

just wanted to inform that my post titled "Wonder why US jobs data is overlooked with euro zone worries - double dip is here" is up on following link:
Wonder why US job data is overlooked with euro zone worries

SENSEX | NIFTY follows global markets trades in red

"Weak global cues, greece's economy instability" are the words which are so prominent these days around Indian stock markets. as it is evident since the news from Greece's economy failure came in. Major indian stock indices including Bse's SENSEX and Nifty also closed in red today and remained in red throughout the trading sessions.

The closing stock prices of major indices for today(6/5/2010) is as follows:

Bombay Stock Exchange’s Sensex ended at 16983.55, down 104.41 points. The index touched intraday low of 16823 and high of 17080.47.

Nifty closed at 5090.30, down 34.60 points.

BSE Midcap Index was down 0.53 per cent and BSE Smallcap Index slipped 0.13 per cent. BSE Capital Goods Index was down 1.05 per cent and BSE Metal Index fell 1.03 per cent. BSE Healthcare Index advanced 1.35 per cent.

The Bull v/s Bear daily fight - Market Updates - New Feature

Indian Stock Markets are very volatile as one day there would be bulls around and the next day the bears would take over. The bulls of stock markets are basically the optimistic investor whereas the bear has pessimistic approach to investing.
So i was planning to add a new feature to my blog titled "The Bull v/s Bear Fight".

So here I go starting the fight:

: seems like you are almost dead, I am seeing that you are in dormant state from last 4-5 days and people who feed you are almost finished, God bless bulls of stock markets, BEARS ARE HERE....ha ha aha!

: ha ha ha! grrrrhh!! look i am back and that too with a bang, profit booking is taking a toll on you nad has made you weak and lame.(11/5)

: Oh this is just an instantanous dip and tomorrow would be my day again as fundamentals are with me...(11/5)

: Hey ya i am talking to you ...where are you hiding your dirty face..look my days are back! It was just the time taken by the food to reach me from Europe and look now i have plenty to eat and have already increased my weight by 3 percent WHAT SAY?

: sob sob!! how can this happen No way it's just a spike i'll return back soon and kill you , it's just like i am going in hibernation state will be back...and fight again

: You moron look there is no respite for you i have spread my peers all over the world and they will soon finish you up....hahahahaha!!!


: oh no way it's just like my peers have gone for vacations and once they come back you will repent on your words and at that time there would be no mercy for you ...

: ha ha ha! look i am all over the world markets poor guy your fodder source Greece is now unber me and soon you will die...count your days....(5/5/2010)

: You are mistaken my friend no power in this world can stop giving me food it's just matter of few days as the clouds over Greece's bailout clears I would get ample food and the you have to hide in your cave...just watch and dont be arrogant. my glorious days are coming soon again.(5/5/2010)

Mutual Funds Investing - Evergreen tips for MF investing

Mutual Funds Agents are everywhere nowadays wooing the potential investors, but we should analyse the mutual funds and don't go by the words of these agents.

Always check for the NAV and dividend difference because dividends in mutual funds is our own money and if the dividend rises then the NAV amount decreases by the same amount hence providing no net addition to our hard earned money. So always Have a look at difference between growth and dividend option in mutual funds.

I met with some agents who told that premium can be stopped after 3 years or 2.5 years, which is again a wrong representation and a possible trap. We can stop paying in ULIP schemes after 1 year and would not loose 100 percent of our money so keep in mind that the Mutual Funds agents which tell that we can stop paying premium after 3 years or so is a wrong point as ULIP premiums can be stopped even before 3 years, there is just lock in period of 3 years.

Check out the percentage returns of the mutual funds in last few year's and purchase only if the return is substantially more then the returns from the Stock markets. One should always remember that A simple thumb rule is that anything beyond bank FD returns will always carry some level of risk, other wise why will someone buy FD at all if they can get some guaranteed returns.

Always ask for IRR of the policy before getting one for you, Also dont fall to the agents who say that money will double in just 2 years or three years that is totally ridiculous and false. Mutual funds gives from 10 to 17 percent generally.

So concluding the post by saying that analyse the policy properly, you can google about the basics of ULIPs anytime and yell out at agent which tries to fool you in future HAPPY INVESTING!!!

Weak Global cues drag BSE | NSE down at closing

Major Indian stock indices including BSE's SENSEX and NSE's NIFTY closed in red as weak global cues affected the investors outlook and greece worries also engulfed the environment. However according to me the markets would soon rebound as the news of greece's bailout becomes more clearer and substantial.

The Closing prices of major stock indices today are as follows:

NIFTY	5148.50
SENSEX	17134.17
MIDCAP	-1.75 percent
BSE REALTY	-2.76 percent
BSE METALS	-3.93 percent
BSE SMALLCAP	-1.75 percent

Temasek purchases 5% stake in NSE for 115 million dollars

US-based stock exchange NYSE today announced selling its five per cent stake in India's top bourse NSE to Singapore government's investment arm Temasek.

The deal marks exit of New York Stock Exchange from National Stock Exchange and Temasek's entry as shareholder.

The transaction has received the necessary regulatory approvals, NSE and Temasek said in a joint statement, but did not elaborate on the financial details.

NYSE had acquired 5 per cent of NSE in 2007 for 115 million dollars, valuing the bourse at about 2.3 billion dollars.

SENSEX | NIFTY closes in red as global cues weakens

(BSE closing rates 3/5/2010) - Market breadth was negative on the BSE with 875 declines against 424 advances.

Bombay Stock Exchange’s Sensex closed at 17386.08, down 172.63 points or 0.98 per cent. The index touched intra-day low of 17345.92 and high of 17536.86.

National Stock Exchange’s Nifty ended at 5222.75, down 55.25 points or 1.05 per cent. The index touched a low of 5210.05 and high of 5278.70 in today’s trade.

“Indices are likely to face resistance at the 17650-17800-18000/5310-5350-5400 levels (on Sensex and Nifty respectively). Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17350-17200-17050/5250-5220-5200 levels.

Depending on the global cues we expect to see an upward movement from the mentioned supports and trade could be influenced by strong moves sectorally. Any move until the said resistances shall be utilised to exit from long positions and look out for a sustainable move,” said Kalyan Reddy, technical analyst, Karvy Stock Broking.

BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index slipped 0.33 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.74 per cent, BSE IT Index slipped 1.28 per cent and BSE Capital Goods Index declined 1.06 per cent.