Indian stock markets analysis for today 3-8-2011

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Benchmark indian stock indices like the Bombay Stock Exchange's 30 component SENSEX and National Stock Exchange's NIFTY closed in red today by nearly 1 percent. All the sectoral indices at both National Stock exchange and Bombay stock exchange also remained in red today.

Bombay Stock Exchange's large-cap Sensex closed at 17940.55, down 169.34 points. The 30-share index touched intraday low of 17859.50 today.

National Stock Exchange's broader index Nifty closed at 5404.80, down 51.75 points. The broader index touched a high of 5422.60 in daytrade today.

Major Stocks Updates from BSE and NSE are as follows:

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Top 5 updates from BSE for today

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This post is for top 5 news which came from Bombay Stock Exchange today.

1. Hero Honda skids over 5% on JV termination news
2. Banking Stocks down by over 3 percent today.
3. Patni computer ltd gains 5% on news about promoters stake sale
4. RBI credit policy makes Indian Stock markets nervous
5. Indian oil shares rally on petrol price rise, Oil & Gas stocks up

BSE to suspend trading of 12 companies for non compliance

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The management of the Bombay Stock exchange has decided to suspend stock trading for following 12 companies namely,Vishal Exports, Ambalal Sarabhai, Bafna Spinning Mills, CMM Broadcasting Network, Computech Intl, Enso Secutrack, Indage Restaurants, Indo-Pacific Software, Invicta Meditek, Linkhouse Industries, NetVision Web Tech and Orind Exports, have failed to comply with various provisions of the Listing Agreement up to quarter ended June, 2010,

Top 5 updates from BSE for today

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Following are the top updates from Bombay Stock Exchange for today after markets closed almost flat.

-Hero Honda stock slips 5% on JV split details
-JSW Steel issues shares on preferential basis to Japan's JFE
-Murli Industries continues to fall, tumbles 9.5 per cent on BSE
-ONGC, Kazakh oil field agreement delayed
-Suzlon to asborb 2 fully owned units
-State Bank hikes deposit rates by up to 150 bps

Indian Stock Markets closed for holiday

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All the stock exchange''s Bombay Stock Exchange, National Stock Exchange and other regional exchanges as well as commodity exchanges remainde closed due to public holiday today.

For complete list of public holidays of BSE click here

BSE highlights for today

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As Bombay Stock Exchange witnessed a lackluster day today, Following are the major news from the Bombay Stock Exchange for today:
for detailed analysis of today - click here

1. Stock Prices of Mahindra Satyam are up by over 2 percent today at BSE.
2. ADAG Group has investment plans for some 125000 crore lined up moving Reliance power and RCom up today at BSE.
3. HDFC bank stocks down by over 1 percent.
4. Seimens, ABB stock prices rises.
5. Price hike news boosts mahindra and Mahindra up by 2.5 percent

HAPPY TRADING!!

BSE's - International Programme on Securities Market Operations

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Following are Latest news from Bombay Stock Exchange's website and also are the forthcoming events calendar as put up on the website, I thought of putting it here so that you dont miss even a single update about Bombay stock Exchange while on my blog.
HAPPY TRADING!!

1. BSE is going to start a new program titled 'International Programme on Securities Market Operations' in october 2010, The exact dates for the event are 25 - 29 October 2010 , The program would be conducted by BSE training institute(BTI), which is training division of the oldest Asian stock Exchange, BSE Training Institute has already provided such training\programs in past.
The main objective of this program will be to train market professionals in the mid to senior levels working in the securities markets that provides a unique experience of learning various aspects of the policy and practice.
It would cover all the major aspects of stock markets and would be a five day affair.
You can download Registration Form.
For reading full content Click here

Realty | banks stocks drags down SENSEX and Nifty

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Major Indian Stock indices including BSE's SENSEX and NSE's NIFTY are witnessing profit booking by the investors and are down, market breadth is also negative with 1538 declines against 1181 advances at Dalaal Street.

The 30 stock benchmark sensex is trading below 18400 and Nifty is also down by more than 0.5 percent from the morning session.

Related Posts for today:
Consolidation of Indian IT Sector
Sectoral performance today
Daily Stock Recommendations
Stock Investing tips
World Stock Indices today

Hindalco Industries, DLF, Sterlite Industries, HDFC , HDFC Bank and Jaiprakash Assoiciates are currently topping the list of todays biggest losers. Whereas Bharti Airtel, Reliance Communications, TCS, NTPC and SBI. Bharti is looking very optimistic about kenya and wants to be market leader in Kenyan mobile market.

Banks | Realty boosts Indian Markets - closes up

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Major Indian Stock indices remained in green throughout the day and finally closed over 140 points up, Market breadth was positive too with 1958 gainers against 1002 losers.

Related posts:
SENSEX Components rates
BSE's Sectoral sub indices

National Stock Exchange’s Nifty ended at 5486.15, up 46.90 points or 0.86 per cent. The index touched a high of 5492.30 and low of 5433.25.

Bombay Stock Exchange’s Sensex closed at 18287.50, up 143.51 points or 0.79 per cent. The 30-share index hit a high of 18309.25 and low of 18139.90.

The BSE Midcap Index added 1.16 per cent and BSE Smallcap Index moved higher by 1.42 per cent.

DLF, ICICI bank, tata Reliance Communications were top gainers whereas as HDFC, Cipla were seen on the other side.

Soros Fund Management to buy 4 perc of BSE from Dubai Financial

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Soros Fund Management will buy the stake in Asia's oldest stock exchange from Dubai Financial, part of sovereign fund Dubai Holding.(read more...)

Pharma, Auto, bank stocks drag SENSEX down -20/7

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Indian stock markets witnessed a lackluster day today as there was not much at the Dalal Street.
At the end of the day, SENSEX closed down by little over 50 pts and Nifty too closed down. Major decline were in Pharma stocks, Auto stocks and banking stocks.

The details about today's trading are as follows:

Bombay Stock Exchange’s Sensex closed at 17856.75, down 71.67 points. The index touched intraday high of 18040.17 and low of 17848.07.

National Stock Exchange’s Nifty ended at day’s low of 5353.65, down 32.80 points. The index touched a high of 5416.45 in today’s trade.

Coming to Sectoral Indices (read full post here)

SENSEX Components closing prices for today can be seen here - SENSEX companies stocks updates

BSE Midcap Index was down 0.47 per cent and BSE Smallcap Index moved 0.43 per cent lower.

BSE Healthcare Index declined 0.92 per cent and BSE Auto Index slipped 0.88 per cent higher and BSE Bankex was 0.55 per cent lower. BSE Realty Index moved up.

BSE to launch Derivatives exchange with EUREX on October 4 2010

Asia's oldest stock exchange Bombay stock exchange is all set to launch an international Derivatives Exchange along with Eurex (Deutsche Borse & Swiss Exchange).

The derivatives products, which will have the BSE's benchmark index also called the Sensex as the underlying, will commence trading on the Eurex from October 4 this year, the BSE said in a statement.

The new contracts will be denominated in U.S. dollars and settled in cash, it said.

The Indian benchmark tracks the daily performance of 30 of the largest and most actively traded companies listed on the exchange.

Update - Scrip changes in BSE Indices

(posted under - BSE updates, BSE companies) - The Bombay Stock Exchange made some changes in its indices, which include the following:

1. Astra Microwave Products in the BSE 500 index is replaced with Grasim Industries.
2. Changes in both its mid-cap and small-cap indices.
3. Jaiprakash Power Ventures, Cummins India, Piramal Healthcare, Colgate Palmolive (India), Exide Industries, Godrej Consumer Products Limited, Castrol India, Nagarjuna Fertiliser & Chemicals, Kingfisher Airlines, Andrew Yule & Co and REI Six Ten Retail are removed from midcap index.
4. Standard Chartered plc, Kirloskar Brothers, Rallis India, Tube Investments of India, Ballarpur Industries, Escorts Limited, Greaves Cotton, S Kumars Nationwide, Binani Cement, BASF India and Radico Khaitan are included in Midcap Index.
5. 36 scrips are excluded and 57 included in small-cap index of BSE.

The above changes would be effective from july 12, 2010.

India's first currency derivatives exchange (USE) gets SEBI's approval

(posted under - USE India, United Stock Exchange) - So finally india's first currency and interest rates derivatives exchange USE(United stock exchange) got approval from SEBI for trading in currency and interest rate derivatives.

The approval was received after USE complied with all regulatory norms as specified by SEBI. United Stock Exchange has been given a very enthusiastic response from the market already wherein they received over 100 forms within few days of receiving the final approval. Both the Banking Fraternity and Broking Community have immense faith in United Stock Exchange declaring it a major competition to existing exchanges even before launch.

You may want to recall that in august 2009 ( read full post) Bombay Stock Exchange Limited (BSE), picked up 15% stake in United Stock Exchange (USE). USE, which will operate as a BSE Group Company, now brings together a consortium of key stakeholders - the exchange, banks, financial institutions - to drive the development and growth of the currency and interest rate derivatives markets.

Balance sheet for BSE ltd FY 2009-10 audited

Balance sheet of Bombay Stock Exchange ltd for finanacial year 2009-10 is as follows:

	Audited
Particulars	Quarter ended 31-03-2010	Quarter ended 31-03-2009	Year ended 31-03-2010	Year ended 31-03-2009
	Rs. in Crores
Average Daily Turnover	4,989	3,299	5,651	4,527

Income from :
- Trading Members	28.90	24.42	134.44	123.70
- Investment & Deposits	48.53	58.72	245.72	221.82
- Services to Corporates	18.45	6.24	59.15	29.24
- Training Institute	1.67	1.70	5.81	7.08
- Other Income	12.26	13.47	40.09	39.25
Total Income	109.81	104.55	485.21	421.09

Expenditure :
- Employee Costs
Salaries, Allowances and Bonus	8.50	5.14	37.42	22.72
Staff Welfare Expenses	3.98	1.18	5.67	4.15
Contribution to Provident and Pension Funds	0.81	0.44	2.33	1.73
Arrears of above Employee costs	----	----	4.26	----
Contribution to Gratuity Funds	3.28	0.53	3.28	0.53
Compensated Absence	1.36	0.04	2.90	0.36
- Computer Technology Related Expenses	16.62	15.41	60.63	48.16
- Advertising & Market Development Expenses	0.10	(2.90)	1.54	3.95
- Administration & Other Expenses	12.75	11.79	44.09	44.27
- Depreciation	6.67	7.92	34.89	29.20
Total Expenditure	54.07	39.55	197.01	155.07

Profit Before Tax	55.74	65.00	288.20	266.02
Tax Expenses	10.96	17.03	75.26	53.84

Profit After Tax	44.78	47.97	212.94	212.18
Earning Per Share – Basic & Diluted (in Rs.)	4.19	4.26	18.30	18.67
Paid-up Equity Share Capital (Face Value Re.1/-)	10.33	10.31	10.33	10.24
Reserves	----	----	1,881.74	1,717.95

download original copy
source - bseindia.com

BSE's International Programme on Securities Market Operations

Date Of Programme: 16th to 20th November 2009

OBJECTIVES

A five-day programme for market professionals in the middle to senior levels working in the securities markets that provides a unique platform for learning various aspects of policy and practice. The programme is primarily meant for international audience and consists of a right mix of class room lectures/presentations, practical /simulation exercises/demonstrations, interface with leading professionals and practitioners and visits to major financial institutions in Mumbai.


PROGRAMME CONTENTS
1. Stock Exchange Products: Equity / Stock Markets, Basket Trading, Derivatives, Debt Markets- Retail and Wholesale, Interest Rate Futures, Exchange Traded Funds, Mutual Funds (Close- Ended).

2. Primary Markets: Contents of Prospectus-Red Herring, IPO Process, Fixed Price Method, BookBuilding Process.

3. Indices: Indexing Concept, Global and Indian Indexing Scenario, Active v/s Passive Debate, Index-Based Products.

4. Stock Market Functioning: Brokers, Sub-Brokers & Remisiers, Trade Transaction Flow, Listing Procedure, Categories of Scrips: Large, Medium & Small.

5. Trading Mechanism: Membership Requirement, Trading Clearing & Settlement Procedure- Rolling Settlement, Pay-in, Pay-out Schedule, Contract Note Specifications, Auction Mechanism, Demo of the Trading Screen, Emerging Issues: Margin Trading and Borrowing and Lending of Securities.

6. Risk Management System: Capital Adequacy Requirements, Intra-day Trading Limits, Gross Exposure Limit, Margining Procedure.

7. Dematerialisation of Shares and Depositories: Introduction to the Concept, Beneficial & Registered Owners, Role of Depositories, Dematerialisation Procedure, Benefits.

8. Surveillance: Objective of Surveillance, Procedures involved in Position Monitoring of Brokers, Price Monitoring & Investigations Procedures, Scrip-Wise Circuit Filters, Market- Wide Circuit Breakers, Money Laundering

9. Derivatives Markets: Introduction to Futures & Options , Market Terminologies, Pay-off Structure, Basic Trading Strategies, Weekly Options.

10. Trading Mechanism in Derivatives Markets: Membership Requirements, Trading, Clearing and Settlement Procedure, Risk Management, Margining Mechanism Demonstration of the Trading Screen, Accounting and Taxation.

11. Debt Markets: Debt Products traded in Stock Exchanges, Wholesale Debt Markets, Retail Debt Markets, Trading Mechanism in Debt Markets (Wholesale/Retail Debt Markets) Membership Requirements, Trading Mechanism, Risk Management.

12. Commodity Market & Trading Corporate Actions: Bonus, Rights, Dividends, Buy Backs etc., Regulations to be followed by the Corporates, Impact on the Shareholders.

13. FII Investments: Rules, Regulations and Bylaws on Investment in Primary Markets and Secondary Markets.

14. Investing with Masters: Life & Times of Worlds Legendary Investors.

TIMING

09.30 am to 05.30 pm

VENUE

Bombay Stock Exchange Ltd.,
19th Floor, BSE Training Institute,
Mumbai – 400001
India
COURSE FEES

US$ 2800
(Includes accommodation on single room occupancy in a reputed hotel, airport pick up & drop facility, local transport, study material, tuition fees, refreshments & lunch, study visits and site seeing)

Discounts: 10% for two registrations and more.

Registration: Use enclosed format with payment details.

Last Date for Registration: 26 October 2009

KEY CONTACTS

Vispi Rusi Bhathena

Piyush Shelat

Roy Aranha

or you can also mail or call at below numbers:

E-mail: training@bseindia.com
Phone: 0091 22 - 2272 8175/ 8197/ 8303
Fax: 0091 22 - 2272 3250

source - bseindia.com

9 Sectoral Indexes perform better then BSE SENSEX

The broader market index, Sensex gave returns of nearly 10 per cent in the reviewed period to close at 15,240.83 points at the end of the Friday's trade on the BSE.

The IT index led the gains with a healthy return of 29 per cent during the period between May 21 and August 21, 2009. The IT index closed at 3,954.18 points.

Other key indices which outperformed the Sensex with a significant margin include, Auto (20.47 per cent), Metal (20.18 per cent) and FMCG (18 per cent).

Meanwhile, the three sectoral indices which underperformed the key index were, Bankex (with returns of 7.22 per cent), Power (6.58 per cent) and PSU (7.17 per cent).

The only index which gave negative return was the Oil&Gas index which lost nearly two per cent during the period under review.

Other, indices which gave good returns includes Realty (14.23 per cent), Teck (15.83 per cent), CG (13.51 per cent), HC (12.42 per cent), CD (16.83 per cent).

BSE SENSEX | NSE NIFTY closes in green thanks to cues from asian markets

(posted under - BSE rates, SENSEX rates) - The bench mark index BSE's SENSEX closed a whopping 202 pts up today as all the major asian markets were seen up hence investor's became bullish. Bombay Stock Exchange’s Sensex closed at 15,012.32, up 202.68 points or 1.37 per cent. It touched a high of 15145 and low of 14928.18.

Related posts -
August SENSEX | NIFTY closing rates

Nifty ended at 4453.45, up 59.35 points or 1.35 per cent. The index touched an intra-day high of 4492.80 and low of 4394.35.

Markets breadth was positive and it had 1525 advances against 1145 declines.

BSE updates - BSE acquires 15 percent in USE

(under BSE Updates - 7-8-09) - Bombay Stock Exchange said on Friday it will acquire a 15 percent stake in United Stock Exchange (USE), which focuses on currency and interest rate derivatives.

USE plans to launch interest rate futures upon receiving regulatory approval, BSE said in a statement. "New products are expected to be launched in the coming years to help market participants manage their interest rate risks," the statement said.

"USE will provide an advanced trading platform for these products and will be an important driver of innovation in terms of product and market development," it added. State-run Punjab National Bank , Bank of Baroda and Union Bank of India are among the stakeholders in United Stock Exchange, which was set up with paid-up capital of 1.5 billion rupees.

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