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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%).
Thursday, July 23, 2009
SENSEX rises 400 pts | NIFTY up 122 pts as recession ease
Monday, July 20, 2009
BSE | NIFTY closes 3.03 percent | 2.91 percent respectively
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, July 8, 2009
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.
Thursday, June 25, 2009
BSE | Nifty growth looks deceptive wrto FII's made
The Indian stock market has risen sharply on the back of renewed foreign inflows in recent weeks. The Sensex is up 45% compared to its level in both January and April. FII inflows, which were negative in 2008-09, have turned positive. In April and May, we had $5 billion of net FII inflows into the Indian stock market.
First, it would be unwise to make any linear extrapolation from the FII inflows seen so far. In 2008-09, foreign investors fled the Indian market just as they did other emerging markets. FII inflows in 2008-09 were minus $11 billion. This was a panic reaction to troubled conditions in the US and Europe. In such conditions, there is a ‘flight to safety’- investors tend to pull their money out of risky assets and park it in US treasuries.
Since 1991, only once before have we seen negative FII flows and that was in 1998-99 when FII flows were minus $390 million. At that time, the crisis was centred in East Asia. Now, it’s centred in the US, which is by far the biggest source of portfolio flows. That is why FII outflows in 2008-09 have been far larger than in the East-Asian crisis.
Investors see the global situation as stabilising although recovery will be a long drawn-out affair. They also think that some emerging markets, such as India and China, will do better than thought a few months ago. The withdrawal of FII funds from India last year caused valuations to drop to a level where entry became attractive. So, FII flows have returned with a bang.
But this does not mean that FII inflows will continue at anywhere near the same pace as in April-May. FII flows attained their peak of $20 billion in 2007-08 at the height of the global boom. The next highest level was $11 billion in 2003-04. It is unlikely that FII flows in the current year can match the 2007-08 level.
Wednesday, June 24, 2009
BSE - Election-To fill in the vacancy of a Trading Member Director
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.
The timetable for filling in the vacancy as per the provisions of the Articles of Association (Article 13.16.3 & 13.22), Rules, Bye-laws and Regulations (Rule 100-104) is as under.
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.
Blank nomination forms can be downloaded from the Exchange’s website www.bseindia.com or collected in person and duly filled in nomination forms may be submitted in person at the following address between 11 a.m. to 4 p.m. on all the working days.
Secretarial Department,
Bombay Stock Exchange Limited,
25th Floor, P.J. Towers,
Dalal Street, Fort, Mumbai 400 001.
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.
Trading Members are advised to carefully examine the provisions of the Companies Act, 1956, Articles of Association, and Rules, Bye-Laws and Regulations of the Exchange, the provisions of The BSE (Corporatisation and Demutualisation) Scheme, 2005 and directives in respect of governance of the Exchange issued by SEBI from time to time before submission of the duly filled in nomination forms.
The contents of the nomination forms and the annexures/undertakings attached thereto shall form an integral part of the nomination form. Incomplete application forms would be liable for rejection.
Tuesday, June 23, 2009
BSE to halt trading in derivatives of seven firms
The companies are Dr Reddy's Laboratories, Ambuja Cements, Ashok Leyland, Tata Chemicals, Indian Oil Corporation, Canara Bank and Petronet LNG Ltd, the BSE said in a circular.
"Derivatives contracts for the far month, ie., September 2009 and onwards would not be introduced upon expiry of June 2009 contracts ie on June 25, 2009," the circular said.
Existing contract months - July and August - would, however, continue to trade till they expire on the last Thursday of their respective expiry months, it added.
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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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.
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-TATA'S are more reputed then Google, MSoft
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The contract would be settled by physical delivery, the panel said. The move will also help to develop the debt markets.
courtesy - economictimes
Sunday, June 7, 2009
Market attracts 1 lakh new investor's
The total investor wealth, measured in terms of cumulative market capitalisation of all the listed companies, has soared to about Rs 51,00,000 crore. This represents a gain of about Rs 23,00,000 crore from the level seen in later October last year, although it is still about Rs 20,00,000 crore below the peak seen in January 2008.
A total of about 1.2 lakh new stock market investors opened their demat accounts, which is necessary to trade in equities, during the month of May, according to data available with the two depositories, National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL).
This has increased the total number of demat accounts in the country to over 1.5 crore.
The market experts believe that the inflow of a large number of new investors into the market could be attributed the sharp surge in the recent months as well as expectations for revival of the IPO market with some fundamentally-sound public issues by the government-run companies.
Monday, May 25, 2009
BSE closing - remains flat as midcaps gain
Oil shares reacted to reports that the new UPA government planned to cap profits of crude producers such as ONGC, Oil India, Reliance Industries and Cairn India as part of a transparent and sustainable subsidy-sharing system for the sector.
The proposal to levy a special oil tax was part of the recommendations of the BK Chaturvedi Committee, appointed to look into oil pricing as a replacement for the current subsidy-sharing plan that has been criticised for its lack of transparency.
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-World's Strongest economies list
Bombay Stock Exchange’s Sensex ended at 13,913.22, up 26.07 points or 0.19 per cent. The index touched an intra-day low 13819.25 and high of 14028.06. National Stock Exchange’s Nifty closed at 4237.55, down 0.95 points or 0.02 per cent. The broader index touched a high of 4270.05 and low of 4205.10. Market breadth on BSE showed 2,470 advances against 316 declines.
The BSE Midcap Index closed 2.83 per cent higher and BSE Smallcap Index gained 5.01 per cent. Shares of distilleries and breweries companies were in demand. Balaji Distilleries was up over 12 per cent, United Breweries was locked at 20 per cent circuit and United Spirits gained 8.14 per cent.
Action was also seen in gems and jewellery space. Gitanjali Gems surged 19 per cent, Rajesh Exports gained 10 per cent and Su-raj Diamonds advanced 14 per cent.
BSE Realty Index was up 4.25 per cent, BSE Healthcare Index gained 2.83 per cent and BSE FMCG Index moved up 2.73 per cent. The only sector that continued its losing streak was the technology pack with BSE IT Index down 0.89 per cent.
Major losers today include Bharti Airtel (-5.41%), NTPC (-1.66%), HDFC (-1.63%), Grasim Industries (-1.63%) and ACC (-1.06%) were amongst the Sensex losers.
Friday, May 22, 2009
BSE Launches Currency Derivatives Certification Examination for NISM
BSE Launches "NISM-Series-I: Currency Derivatives Certification Examination (NISM-Series-I: CD Examination)" as Test Administrator of National Institute of Securities Markets (Established by Securities and Exchange Board of India).
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In pursuance of the announcement made by the Finance Minister in his Budget Speech in February 2005, Securities and Exchange Board of India (SEBI) established the National Institute of Securities Markets (NISM) in Mumbai.
NISM brings out various publications on securities markets with a view to enhance knowledge levels of participants in the securities industry.
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NISM is mandated to develop and implement certification examinations for professionals employed in various segments of the Indian securities markets.
Bombay Stock Exchange Ltd has been appointed as Test Administrator by NISM for conducting "NISM-Series-I: Currency Derivatives Certification Examination (NISM-Series-I: CD Examination)".
source www.bseindia.com
Monday, May 18, 2009
Sensex will cross 15,000 level tomorrow
BSE's SENSEX is likely to cross the 15,000 level tomorrow and may hit the first upper circuit of 10 per cent as the upbeat market sentiment may attract retail investors to cash in on the bullish phase, analysts said.
Major market players were of the opinion that today's rally of nearly 20 per cent suggests the market might gather momentum in coming sessions amid picking up of capital inflows by foreign funds, and any support from retail investors would place the key-index beyond 15,000 points levels soon.
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"Market may see small movement of 500-700 points. It may witness 15,000 mark in intraday trade at which point it may see sell-off," Keynote Research Senior Vice President Nitin A Khandkar said.
After a sea-change in the market scenario, speculators would also run to cover up their pending short positions on fears of further upsurge in the share prices.
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-TATA'S are more reputed then Google, MSoft
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"Investors who could not take part in the rally today may try to reap gains tomorrow," a NSE broker Rajeev Mallik said adding there were chances of the market hitting a 10 per cent upper circuit in early trade tomorrow. And if this happens, the barometer would be at around 15,500 points without taking much time, he said.
Many of the analysts feel the 30-share benchmark may touch the 15,000 level if the rally continues tomorrow, with some of them not ruling out that an upper circuit breaker might be hit again.
source economictimes
Wednesday, May 13, 2009
Foreign investments of Rs 4107 cr holds sensex above 12000 mark
(13/5/07 - bse stocks)Foreign institutional investors (FIIs) on Wednesday made a net investment of a whopping Rs 4,106.96 crore in the equity market, the biggest inflow in a single day so far this year, even as the BSE benchmark Sensex slipped into red dipping 138 points.
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In today's market FIIs were gross buyer of shares worth Rs 6,082.60 crore and sold equities worth Rs 1,975.64 crore, resulting in a net purchase of Rs 4,106.96 crore, as per provisional data on the Bombay Stock Exchange.
An analysis of SEBI data shows the investment of Rs 4,107 crore is the biggest in a single day so far this year. Marketmen said the FII investment in the equity market today helped the Sensex retain the 12,000 level even as retail investors turned net sellers.
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FIIs have pumped in a net of Rs 5,037.10 crore in stocks in May, while so far this year, FIIs made a net investment of Rs 5,887.50 crore in Indian equities, Sebi data shows.
While, brokers, on the behalf of their clients, sold shares worth Rs 3,868 crore, domestic institutional investors showed confidence and invested Rs 105.73 crore in equities. Proprietors and non-resident Indians booked profit and sold shares worth Rs 45 crore and Rs 1.65 crore respectively.
The BSE's 30-scrip Sensex today closed at 12,019.65 level, down 1.14 per cent or 138.38 points.
International Programme On Surveillance, Risk Management & Securities Settlement
OBJECTIVES
Surveillance, Risk Management and Securities Settlement have emerged as critical factors for successful functioning of stock exchanges in the background of growing integration of domestic markets with global finance and also harmonization of best practices in securities markets.
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The programme is envisaged to explain various facets of Surveillance, Risk Management and Securities Settlement and equip the participants with assessing, monitoring and managing these aspects with greater efficiency and efficacy.
PROGRAMME CONTENTS
Introduction to Risk Management
The risk management framework
Overview of different types of risk
Current trends in Capital Markets
Credit Risk Management
Defining credit risk
Counterparty risk
Default risk
Settlement risk
How collateral management can help reduce risk
Describing the credit rating process
Market Risk Management
Defining market risk
Identifying risk sensitivity
Liquidity
Volatility
Managing Risk using VAR method
Stress Testing
Operational Risk Management
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Defining Operational Risk
Assessing various ways to monitor ad control operational risk
How to integrate market risk with operational risk
Risk Measurement Tools
Historical Simulation
Variance from mean
VAR
Identifying Areas to Effectively Implement Manage and Control Risk
Integration of online monitoring with offline monitoring
Case Study of major market movements
Capital adequacy norms
Clearing an Settlement Procedures
Settlement cycles
Margins and Margining Management
Collateral Management
Risk Management through use of Trading Platforms
Inspection
KYC Norms
Money Laundering
Risk Management profile of clients
Process Audit
Venue:
BSE Training Institute,
Bombay Stock Exchange Ltd., Mumbai, India.
Date: 22 – 24 July, 2009
Also read -
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-TATA'S are more reputed then Google, MSoft
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-World's Strongest economies list
Course Fee: US$ 2500
(Includes single room accommodation in a reputed hotel, airport pick up and drop facility, local transportation from hotel to venue and back, tuition fees, cost of study materials, lunch & refreshments and field visits in Mumbai).
Discounts: 10% for two registrations and more
Registration: Use enclosed format with payment details
Last Date for Registration: 26 June 2009
Key Contacts:
Mr. Vispi Rusi Bhathena, Manager, Knowledge Management
Mr. Piyush Shelat, Deputy Manager, Knowledge Management
Mr. Roy Aranha, Deputy Manager, Knowledge Management
Email: training@bseindia.com
Tel. 0091 22 22721127; 0091 22 22721233 Ext. 8175, 8197, 8303
Fax: 0091 22 22723250
download registration form
click here
source - www.bseindia.com
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.
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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.
Friday, April 24, 2009
Nifty ends higher due to strong global developments
(24/4/2009 - Nifty Updates) - Indian equity benchmarks rallied to end higher on Friday as bulls came out in the open following a strong opening of European markets. Traders also continued to cover short positions leading to further spike in the indices.
National Stock Exchange’s Nifty ended at 3480.75, up 57.05 points or 1.67 per cent from the previous close. The broader index touched high of 3491.35 and low of 3402.90 Bombay Stock Exchange’s Sensex ended at 11,329.05, up 194.06 points or 1.74 per cent. The index touched an intra-day high of 11362.88 and low of 11070.33.
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BSE Midcap Index outperformed the Sensex ending 1.86 per cent higher while BSE Smallcap Index closed up 1.71 per cent.
Market breadth was positive on the BSE with 1536 advances and 970 declines. Thanks to some good results shown by companies mainly Maruti Sazuki, Cipla and Ranbaxy labs
Maruti Suzuki India reported 18.5 per cent drop in quarterly net profit, missing the forecast, due to higher raw material costs and inventory. Maruti’s net profit rose to Rs 2.43 billion in the fourth quarter ended March from Rs 2.98 billion reported in the same period year earlier. The stock ended flat at Rs 802.25 on the BSE.
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Ranbaxy Laboratories’ Q1 standalone net sales was down at Rs 802.22 crore against Rs 987.29 crore in the same period a year ago. Standalone net loss was at Rs 777.78 crore against net profit of Rs 103.42 crore during the same period previous year. The share closed 2.42 per cent lower.
Cipla’s Q4 standalone net profit was up 40.89 per cent at Rs 252.9 crore from Rs 179.5 crore in the same quarter a year ago. Standalone net sales was up10.08%, to Rs 1,235.2 crore from Rs 1,122.1 crore. The scrip closed 3.59 per cent higher.
Thursday, April 23, 2009
BSE News - BSE aims at internationalization of listing businesses
(April 23/2009 - BSE News) - BSE(Bombay Stock Exchange) with a cooperation agreement with Deutsche Börse aims at internationalization of listing businesses of both Exchanges, thereby benefiting all the participants including exchanges, issuers and investors.
This cooperation combines the expertise and brand recognition of each partner exchange with the opportunities of gaining global reach and attention. Therefore we offer worldwide visibility and investors' awareness by joint marketing initiatives and a common online portal to promote listings and data disseminations. Above that there is an option on cross listings opportunities.
-BSE aims at internationalization of listing business
-Effect of Recession on Indian Economy
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-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started
Indian issuers can meet the European investor base on various occasions like the German Equity Forum or international road shows with globally operating investors hosted by Deutsche Börse.
for details on Deutsche Börse and listing on Deutsche B - CLICK HERE
posted under - BSE News,BSE updates, Bombay stock exchange, BSE live, BSE stocks, BSE rates
Monday, April 20, 2009
Sensex closes below 11K - 20/4/2009
(20/4/2009 BSE NSE stocks updates) - Bombay Stock Exchange’s Sensex ended at 10,979.50, down 43.59 points or 0.4 per cent. The 30-share index touched an intra-day low of 10863.28 and high of 11209.66.
National Stock Exchange’s Nifty closed at 3377.10, down 0.22 per cent or 7.3 points. The broader index hit a low of 3339.45 and high of 3441.10 during the day.
The BSE Midcap Index closed 1.62 up and BSE Smallcap Index ended 1.51 per cent higher.
-BSE aims at internationalization of listing business
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started
“Long term trend of the market has turned positive but the short-term trend is volatile. Traders are betting on the long term trend and accumulating midcaps and smallcaps which were beaten down badly and are still available at attractive prices,” Sharma said.
Biggest Sensex gainers were Reliance Infrastructure (5.83%), Jaiprakash Associates (5.02%), Tata Motors (4.15%), Sterlite Industries (2.81%) and Larsen & Toubro (2.01%).
ICICI Bank (-3.38%), NTPC (-3.37%), Grasim Industries (-2.42%), Tata Power (-2.39%) and Tata Consultancy Services (-2.21%) were the losers.
posted under - sensex updates, BSE stocks, BSE updates, NSE updates, Indian markets updates, Bombay stock exchange, sensex live updates, indian stocks updates
Wednesday, April 1, 2009
BSE | NIFTY looks @ Lok Sabha elections hoping of turnaround
The stock market is riding a global rally and is hoping a major party wins a strong hand at coming elections, but could be beaten back if a One out of six stocks beat Sensex fractious group of parties including Communists gains influence at the polls.
Investors are pricing victory for a coalition led by either the ruling Congress or Bharatiya Janata Party (BJP) when the world's largest democracy goes to polls between April 16 and May 13 against a backdrop of slowing growth.
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But cracks in the two main national coalitions have raised fears that a "Third Front" could tip the balance of power, which market watchers believe could pull down stocks by between 15 to 30 per cent from current levels.
"Developments in politics seem to be increasing the probability of very fragmented parliament, which could spoil chances for a post-election recovery in markets as well," Morgan Stanley analyst Ridham Desai said in a recent note.
The benchmark 30-share BSE index fell more than 52 per cent in 2008, a record fall, and lost ground at the start of 2009. The index looks to have found a footing since early March, rising 9 per cent in the month on hopes the worst may have passed for the world economy.
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-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started
That was enough to see the market finish the March quarter up 0.6 per cent, its first quarterly rise since the end of 2007. It rose another 2 per cent on Wednesday to close at 9,901.99
posted under - BSE updates, NSE updates, NSE stocks, BSE stocks, Sensex updates, BSE, BSE latest updates, nifty, Nifty updates
Tuesday, March 31, 2009
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
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-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.
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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
Monday, March 23, 2009
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
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-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