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(Indian Stocks updates, BSE updates) - As many as 20 largecaps such as RIL, SAIL, M&M , Sterlite, ICICI Bank and 30 mid-caps like Sesa Goa, Dish TV, Suzlon, Pantaloon and Unitech are among the 400-odd stocks which have given over 100% returns, if you would had bought them at their lows, an analysis of CMIE data shows.
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-BSE aims at internationalization of listing business
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Out of the 2600-odd stocks listed on the BSE and NSE, 405 stocks have at least doubled their values from their 365-day lows touched in October last year. Simply put, one out every six stocks has gained over 100% from their one-year bottom.
When Sensex dipped to 7,697 on October 27 last year, many stocks such as Jindal Steel and Power crashed to their lows as investor sentiment went for a toss.
"With experts and governments hoping and implementing measures for a quicker recovery for the global economy, bulls have quickly turned the tables on bears and bought stocks across the board. This has led to an extreme appetite for stocks as many investors including foreign ones, even a few months ago were lying on the sidelines with their money," says the equity head of a foreign brokerage.
With sensex gaining momentum, the prices of many index constituents have gone up. From Rs 47 a share, the stock of Jaiprakash Associates now stands at Rs 138. Others like Sterlite have also gained — touching Rs 518 from 365-day low of Rs 164 (October 27). Tata Motors too has jumped from Rs 122 hit on November 20 2008, to Rs 272 at present.
Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing business
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list
Amongst mid-caps (having a market capitalisation of between Rs 1,000 crore and Rs 5,000 crore), stocks such as Shree Global Trade Finance, Jai Corp, Lanco Infra, Shree Renuka and GVK Power have gone up over three times from their 365-day lows. With the stock markets losing steam and shape progressively from January 2009, many mid-caps and small-caps lost 50-60 % in less than two months.
Sunday, May 10, 2009
Stocks of 400 cos rise 100 per cent
Monday, May 4, 2009
Stocks funds miss once-in-a-decade opportunity
Nearly nine of every ten Indian diversified equity funds lagged the benchmark index's best monthly gains in 10 years as double digit cash levels diluted returns in April, data from global fund tracker Lipper show.
These funds, making the largest stock funds category in terms of numbers and asset under management, posted a 13.7 percent jump in their net values in April, the best since December 2003.
Also read -
-BSE aims at internationalization of listing business
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list
However, nearly 90 percent of the 285 funds tracked by Lipper failed to beat the 17.45 percent surge in the 30-share BSE index, which showed the best monthly performance in 10 years, as a wave of improved investor confidence swept across the world. "We think these funds lagged the broader indices, primarily due to their allocations to cash and non benchmark holdings," Chintamani Dagade, a senior research analyst with Morningstar India, said.
"Having said that, these funds reduced their cash allocations significantly in April to benefit from a surprise rally in March," he added.
Indian funds had everything going well in April, their large sectoral bets such as financials, capital goods and energy rallied on growing optimism that the global economy was on the mend, driving billions of dollars back into emerging markets.
Saturday, April 4, 2009
BSE and NASDAQ OMX war takes legal turn
A bitter battle seems to be brewing between Asia’s oldest equity bourse and one of the world’s largest exchange technology providers. While it is already known that an agreement signed between the Bombay Stock Exchange (BSE) and OMX — now known as Nasdaq OMX — in January 2008 has gone sour, an arbitration process is being explored now. ET has learnt that BSE has already sent a legal notice to OMX.
According to people familiar with the development, BSE has sent a legal notice to OMX recently, asking for a compensation of around $137 million by way of lost business opportunity. It has also charged the technology provider with not honouring its commitments.
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-Trouble in Indian Forex
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It is believed that both parties, accompanied by their legal advisors, met in Mumbai about two weeks ago, but couldn’t reach any settlement. “The board has taken a call to get out of the contract with OMX as they have not kept their commitments,” said a BSE board member.
In January 2008, BSE and OMX signed an agreement, under which OMX was to provide trading and clearing systems to strengthen BSE’s derivatives and securities trading capabilities. The new platform would also have allowed BSE to clear a wider range of products, as well as offer a new set of clearing services to its members. Further, the first phase of the system rollout was scheduled for launch by mid-2008.
Also Read :
-G20 summit updates 2009
-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
However, the deal was called off later that year. BSE had already paid $5 million as the first tranche to OMX for the contract valued at $37.5 mn. OMX, incidentally, is a technology supplier to more than 70 exchanges globally.
In an emailed reply, the BSE spokesperson said: “The agreement has been terminated and as per the provision of the agreement, there is an arbitration mechanism, which is being explored.”
OMX, on the other hand, refused to comment. “Our policy is to not give detailed comments about our customers. Therefore, we will unfortunately not be able to provide you with any comment,” it said via email. Interestingly, people familiar with the development also say there is a likelihood of OMX filing a counter-suit against BSE in London.
posted under - BSE news, BSE stocks updates, BSE v/s nasdaq, BSE nasdaq OMX battle, BSE latest updates, bse and nasdaq news, Nasdaq news and updates, BSE news and updates
source - www.economictimes.com
Thursday, April 2, 2009
BSE | NSE | DJIA | NASDAQ stock rates at closing
Hi all the esteemed visitor's to my blog, this post would show the closing stock rates of Indian Stock markets like the Bombay Stock Exchange(BSE) NIFTY(national Stock exchange as well as the closing rates of Dow Jones Industrial Average(DJIA) and Nasdaq last two are both from USA. How ever all the rates are according to indian standard calendar and time (please check the US timings for corresponding DJIA and nasdaq closing rates.
Normally for eg - 21st april 2009 in this post would correspond to 20th april 2009 and so on.
This post provides closing indices rates for the month of April 2009
the format for display would be as follows :
Stock index name Closing rate change Remarks wrto previous close
NIFTY - 3473.95 - 111.60 - Up^111.60
NASDAQ - 1711.94 - 38.13 - Up^38.13
DJIA - 8185.73 - 168.78 - Up^168.78
SENSEX - 11001.75 - (-370.10) - Down(-370.10)
NIFTY - 3362.35 - (-107.65) - Down(-107.65)
NASDAQ - 1679.41 - (-14.88) - Down(-14.88)
DJIA - 8025.00 - (-51.29) - Down(-51.29)
April 27/09 BSE - NSE - NASDAQ - DJIA Closing stock rates
SENSEX - 11371.85 - 42.80 - Up^42.80 pts
NIFTY - 3470.00 - (-10.75) - Down(-10.75)
NASDAQ - 1694.29 - 42.08 - Up^42.08 pts
DJIA - 8076.29 - 119.23 - Up^119.23 pts
April 23/09 BSE - NSE - NASDAQ - DJIA Closing stock rates
SENSEX - 11134.99 - 317.45 - Up^317.45 pts
NIFTY - 3423.70 - 93.40 - Up 93.40 pts
NASDAQ - 1646.12 - 2.27 - Up 2.27 pts
DJIA - 7886.57 - (-82.99) - Down(-82.99) pts
April 9/09 BSE - NSE - NASDAQ - DJIA Closing stock rates
SENSEX - 10803.86 - 61.52 - Up^61.52 pts
NIFTY - 3342.05 -(-0.90) - Down(-0.90) pts
NASDAQ - 1590.66 - 29.05 - Up^29.05 pts
DJIA - 7837.11 - 47.55 - Up^47.55 pts
April 7/09 BSE - NSE - NASDAQ - DJIA Closing rates
SENSEX - 10742.34 - 207.47 - Up^207.47 pts
NIFTY - 3342.95 - 86.35 - Up^86.35
NASDAQ - 1561.61 -(-45.10) - Down(-45.10)
DJIA - 7789.56 - (-186.29) - Down(-186.29)
April 6/09 BSE - NSE - NASDAQ - DJIA Closing rates
SENSEX - 10534.87 - 186.04 - Up^186.04 pts
NIFTY - 3256.60 - 45.55 - Up^45.55
NASDAQ - 1621.87 - 19.24 - Up^19.24
DJIA - 8017.59 - 39.51 - up^39.51
April 3/09 BSE - NSE - NASDAQ - DJIA Closing rates
SENSEX - 10348.83 - 446.84 - Up^446.84 pts
NIFTY - 3211.05 - 150.70 - Up^150.70 pts
NASDAQ - 1602.63 - 51.03 - Up^51.03 pts
DJIA - 7978.08 - 216.48 - Up^216.48 pts
April 2/09 BSE - NSE - NASDAQ - DJIA closing rates
SENSEX - 10348.83 - 446.84 - Up^446.84 pts
NIFTY - 3211.05 - 150.70 - Up^150.70 pts
NASDAQ - 1551.60 - 23.01 - Up^23.01 pts
DJIA - 7761.60 - 152.68 - Up^152.68 pts
posted under - BSE stocks updates, NSE rates, BSE rates, DJIA closing, Nasdaq closing, BSE closing, NSE closing , April 2009 stock closing