Indian Markets updates | BSE Down | Nifty struggling to cross 2900 mark

National Stock Exchange’s Nifty met a stiff resistance near 2900 levels. It ended at 2868.40, down 52 points or 1.78 per cent. The broader index hit an intra-day low of 2810.25 and high of 2929.85. Bombay Stock Exchange’s Sensex closed at 9390.13, down 195.75 points or 2.05 per cent. It touched a low of 9,250.82 and high of 9630.40 in day’s trade.

BSE Midcap Index ended 2.31 per cent lower and BSE Smallcap Index declined 2.79 per cent.Satyam Computers (-42.68%), Reliance Communications (-9.44%), Tata Steel (-9.31%), Sterlite Industries (-8.86%) and Ranbaxy Laboratories (-8.32%) were the top Sensex losers.

TCS (6.81%), Hindustan Unilever (4.81%), NTPC (3.68%), Maruti Suzuki (3.20%) and Mahindra & Mahindra (2.78%) were amongst the Sensex gainers.Market breadth was negative on the BSE with 1873 losers and 584 gainers.on 8/january/ 2009 closing

Sensex emerges as the best of the world indices

After suffering the ignominy of languishing among the worst-performing markets for the past few months, matters have slightly improved for India. Outlook on equities continues to remains dismal —barring the occasional surge — but Indian equities have shown better resilience than what most market watchers had expected it to.

After a fall in more than a third of its value in the six months of CY2008, the Sensex has rebounded remarkably to become the best-performing index amongst major indices in the last month.

Tips for Online share trading

Easing of crude prices has provided some relief to the bulls who have been battling a flood of negative newsflow for the past few months. The price of crude has fallen by 20% from its peak of close to $150 a barrel. This has reduced the inflationary pressures to some extent, though experts feel it is too early to celebrate.

Indian shares, one of the worst performers in the first six months of the year, is gradually regaining some of its lost ground. A return to a degree of political stability after the trust vote as well as the strengthening rupee made Sensex the outperformer in the list of major global indices. The BSE Sensex recorded a rise of 18% in the period since July 15 — the day when all global markets were at their latest bottom. Capital goods, banks and realty — the sectors most impacted in the crash propelled the resurgence. Those sectors possess a high beta — indicating a greater correlation to the benchmark index, which entails that these sectors outperform the index in good times.

Slowing crude oil prices have not yet impacted consumer inflation figures, as the US inflation rose at the fastest rate in 17 years on account of energy and food prices. Despite the pessimism, a renewed confidence in the dollar brought cheer to US markets with the Nasdaq and Dow Jones posting positive returns. The exchanges registered returns of 12% and 6%, respectively, with investors anticipating inflation to cool off as reduced oil prices find their way to the inflation index.

Tips for Online share trading

Whilst a correction in commodity prices brought about a relief to the Indian and American markets, economies dependent on commodities crashed further. The Brazilian Stock Exchange declined as investors grew sceptical on the commodity-driven economy. Commodities account for the entire export revenue growth, allowing for increased imports without worsening the trade balance. BOVESPA, the Brazilian benchmark index, declined by a further 12% in the period since July 17 as investors developed cold feet on the largest Latin American economy.

Lower inflation figures notwithstanding as well as the euphoria over the Olympics, the Shanghai Stock Exchange recorded a further fall of 8% in the past month. Market forecasts that the high producer price inflation figures reflect consumer prices to rise in the coming months in the world’s thirdlargest economy. Other Asian markets like the Nikkei in Japan and Hangseng in Hong Kong remained stable, registering marginal increases.

European markets have gained in the past month despite fears of a recession in the UK. The FTSE 100, the London Stock Exchange, surged 8% despite deterioration in economic outlook for the nation. Similarly, despite a contraction in its economy in the last quarter, German markets remained largely positive on the future. The DAX grew 6% on optimism that cooling crude and a weakening euro will boost Europe’s largest economy in the coming months.

Source - Economic times

India allows sovereign funds to buy shares directly

also read : New to online share trading?

India's stock market regulator on Thursday allowed sovereign wealth funds, university funds, endownments and charitable trusts to register as foreign institutional investors (FIIs).

The Securities and Exchange Board of India (SEBI) said in a statement asset management firms founded by overseas Indians can also register as FIIs, which will enable them to buy and sell shares directly through a broker.

Last year, the regulator had curbed the use of participatory notes, or P-notes, used by unregistered foreigners to take exposure in Indian stocks.

At that time, SEBI had said it wanted portfolio investors to register to help it track the source of funds.

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Bond yields at 1 year high - Stock market updates

Federal bond yields rose to one-year highs early on Friday, after hawkish comments by the central bank and on concerns soaring inflation may dampen investor appetite at a 100-billion-rupee ($2.3 billion) auction.

At 9:04 a.m. (0334 GMT), the 10-year benchmark bond yield was at 8.21 percent, its highest since late-June 2007, according to Reuters data and above 8.19 percent on Thursday. It has gained 11 basis points so far this week on top of a rise of 18 basis points in May. Reserve Bank of India Governor Yaga Venugopal Reddy said on Thursday the central bank was ready to take recourse to its full range of instruments to anchor inflationary expectations.


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Government opening forex trade in stock exchange for common man

Indian government is seriously considering of easing the norms(terms and conditions) for common man to start forex trading through indian stock markets including BSE(Bombay Stock Exchange) and NSE ( National Stock Exchange) or Nifty in near future.

The finance minister and members of all the stock exchanges of india had a meeting and final consent was given for the move. Common man must feel somewhat relaxed now as he/she can directly do forex trading in Stock exchange which was earlier possible for business houses and exporters as in earlier days the terms and conditions applicable for forex trading in stock exchanges were too restrictive and common man could not ever think for such trading in stock exchanges.

Also see How to start online share trading in stock markets?

This move would also make investment firms rethink of bringing back their investments back to indian subcontinent which were stopped due to government restrictions, so indians can see US dollar weakening with respect to Indian Rupee in near future and US $ will again come at under INR 40 due to this move.

Do's and dont's of Online trading in share market

List of BSE companies in 'T' category

The scrip names of various companies in 'T' category of BSE(Bombay Stock Exchange)are as follows : all the names are sorted in alphabetical order

Also See :

Online Share Trading in BSE and NSE

Companies listed in 'A' Category of BSE

Companies listed in 'B' category of BSE

Companies listed in 'T' category of BSE

Companies listed in 'S' category of BSE

List of Companies listed in 'TS' category of BSE

List of companies (Scrip name starting with initial letter 'A') - in 'T' category :

Companies list of BSE (Scrip name starting with letter 'A') - in 'T' category :
- A V COTTEX I ABEE INFO CO
- ABG INFRALOG
- ADITYA ISPAT
- ADVANI HOT R
- AKSH OPTIFIB
- ALLIED COMP
- AMBAL SARA E
- AMIT SPIN ID
- AMRADEEP IND
- AMRAP INDUST
- AMRAWOR AGRI
- ANJANI FINL
- ANKUSH FINST
- ANNA INFRA
- APPLE FINANCE LTD.
- ARORA FIBRES
- ARTSON ENGIN
- ARYAMA FIN S
- ASHOK ALCOCH
- ASIA CERC IN
- ASIA IND NET
- ASIAN FILMS
- AURIONPRO SO
- AUTORIDE FIN
- AVANCE TECHN
- AXIT IT LTD

List of Companies under 'B' Group of BSE

Also See :

Online Share Trading in BSE and NSE

Companies listed in 'A' Category of BSE

Companies listed in 'B' category of BSE

Companies listed in 'T' category of BSE

Companies listed in 'S' category of BSE

List of Companies listed in 'TS' category of BSE


List of companies in 'B' group of BSE are :

Companies name starting with initial letter 'A':

• A K CAPITAL
• A V COTTEX I
• AARTI DRUGS
• AARTI INDUS
• AARVEE DEN E
• ABBOTT INDIA
• ABC PAPER
• ABHINAV CAP
• ABHISHEK IND
• ABIRAMI FIN.
• ABL BIOTECH
• NABM KNOWLEDG
• ACCEL FRONTL
• ACCEL TRANS
• ACCURA EXPOR
• ACE INDIA LT
• ACE SOFT EXP
• ACI INFOCOM
• ACKNIT IND
• ACROW INDIA

List of companies under 'A' group of BSE

There are 100's of companies listed on bombay stock exchange those which are present in group 'A' include following important companies:(The names dispalyed are the names as on BSE ticker actual company name may differ full names would be added shortly)

Also See :

Online Share Trading in BSE and NSE

Companies listed in 'A' Category of BSE

Companies listed in 'B' category of BSE

Companies listed in 'T' category of BSE

Companies listed in 'S' category of BSE

List of Companies listed in 'TS' category of BSE

Click on alphabet to go to corresponding list :

A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

Companies name with initial letter 'A':

• ABAN OFFSHO
• ABB LTD
• ABG SHIPYARD
• ACC LTD
• ADANI ENTER
• ADI BIR NUVO
• ADLABS FILMS
• AKRUTI CITY
• ALLAHABAD BK
• ALSTOM PROJE
• AMBUJA CEME
• ANDHRA BANK
• ANSAL INFRAS
• AREVA
• ASHOK LEYLND
• ASIAN PAINTS
• AXIS BANK

Companies name with initial letter 'B'

• BAJ HOLD INV
• BAJAJHINDLTD
• BANK OF BARODA-PARI PASSU
• BANK OF INDIA
• BEML LTD
• BHARAT ELECT
• BHARAT FORGE
• BHARAT PETROLEUM CORPORATION L
• BHARTI ARTL
• BHEL
• BHUSH STEEL
• BIOCON LTD
• BOMBAY DYEI
• BOSCH LTD
• BRIGADE

Companies name with initial letter 'C' :

• CAIRN IND
• CANARA BANK
• CENTBOP
• CENTRAL BK
• CENTURY TEXTILES AND INDUSTRIE
• CESC LTD
• CHAMBAL FERTILISERS AND CHEMIC
• CHENNAI PETR
• CIPLA LTD
• COLGATE PALM
• CONTAIN CORP
• CROMPTON GREAVES LTD
• CUMMINS INDI

Companies name starting with initial letter 'D':

• DABUR INDIA LTD
• DECCAN AVIAT
• DECCAN CHR
• DISH TV
• DIVI'S LAB
• DLF LTD
• DR.REDDY'S LABORATORIES LTD.

Companies name starting with initial letter 'E':

• EDELWEISS CA
• EDUCOMP SOLN
• EIH LIMITED
• ENGINEERS IN
• ESSAR OIL LTD
• ESSAR SHIP
• EXIDE INDUS

Companies name starting with letter 'F':

• FEDERAL BANK
• FINANC TECHN

Companies name with initial letter 'G':

• GAIL INDIA
• GAMMON INDI
• GLAXOSMITH
• GLENMARK PHA
• GMR INFRASTR
• GODREJ INDUS
• GRASIM INDUSTRIES LTD
• GREAT EASTE
• GREAT OFFSH
• GTL INFRAST
• GUJ MIN DEVL
• GUJ PETRONET
• GUJARA NRE C
• GVK POWERINF

Caution for Investors before investing in BSE

Caution to the Investors for investing in the equity shares of Bombay Stock Exchange Limited :
Attention of the investors is invited to the Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006, (Regulations), notified by Securities and Exchange Board of India (SEBI) on 13th November, 2006.Chapter III of the said Regulations inter-alia stipulates the shareholding restrictions and eligibility criteria for holding equity shares in the recognized Stock Exchange as under:Shareholding and transferability restrictions8. (1) No person shall, directly or indirectly, acquire or hold more than five per cent in the paid up equity capital of a recognised stock exchange at any time after commencement of these regulations:Provided that any person holding equity shares in a recognised stock exchange in excess of the limits specified in this regulation at the commencement of these regulations shall reduce his holding to ensure compliance with this regulation within the time specified in sub-section (8) of section 4B of the Act or the time extended under the proviso thereto.Eligibility criteria for persons acquiring or holding more than one per cent equity shares in a recognised stock exchange9. (1) No person shall, either individually or together with persons acting in concert with him, acquire and/or hold more than one per cent of the paid up equity capital of a recognised stock exchange after commencement of these regulations, unless he is a fit and proper person and has taken prior approval of the Board for doing so. (2) For the purpose of sub-regulation (1), a person shall be deemed to be a fit and proper person if -
such person has a general reputation and record of fairness and integrity, including but not limited to -
financial integrity;
good reputation and character; and
honesty.
such person has not incurred any of the following disqualifications -
the person or any of its whole time directors or managing partners has been convicted by a Court for any offence involving moral turpitude or any economic offence, or any offence against the securities laws;
an order for winding up has been passed against the person;
the person or any of its whole time directors or managing partners has been declared insolvent and has not been discharged;
an order, restraining, prohibiting or debarring the person, or any of its whole time directors or managing partners from dealing in securities in the capital market or from accessing the capital market has been passed by the Board or any other regulatory authority and a period of three years from the date of the expiry of the period specified in the order has not elapsed;
any other order against the person or any of its whole time directors or managing partners which has a bearing on the capital market, has been passed by the Board or any other regulatory authority and a period of three years from the date of the order has not elapsed;
the person has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; and
the person is financially not sound. (3) If any question arises as to whether a person is a fit and proper person, the Board's decision on such question shall be final.
Attention of the Investors is also invited to the term "Associate" in relation to a shareholder having trading rights in a recognised stock exchange and Public as defined in the aforesaid Regulations.2 (1) (b) "associate in relation to a shareholder having trading rights in a recognised stock exchange means a person -
who directly or indirectly, by himself or in combination with other persons, exercises control over such shareholder or holds substantial shares entitling not less than fifteen per cent of the voting rights in such shareholder being a body corporate; or
over whom such shareholder, directly or indirectly, by itself or in combination with other persons, exercises control; or
whose director or partner is also a director or a partner of such shareholder , being a body corporate or a partnership firm, as the case may be; or
who is a holding company or subsidiary company of such shareholder or acompany under the same management as such shareholder; or
who is a relative of the shareholder being a natural person under Schedule IA of the Companies Act, 1956 (1 of 1956); or
who is a sub-broker of the shareholder in that stock exchange; or
who acts in accordance with instructions of such shareholder in the exercise of voting rights and other rights in the recognised stock exchange, directly or indirectly.
2 (h) "public" includes any member or section of the public but does not include any share holder of the recognised stock exchange having trading rights therein or any associate of such shareholder;Under the BSE (Corporatisation and Demutualisation) Scheme, 2005 the Exchange has to ensure that "Public" other than shareholders having trading rights continuously hold at least 51% of equity shares of the Exchange.Attention of the Investors is further invited to the term "Persons Acting in Concert" as defined under Securities & Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 19972 (e) "person acting in concert" comprises,-
persons who, for a common objective or purpose of substantial acquisition of shares or voting rights or gaining control over the target company, pursuant to an agreement or understanding (formal or informal), directly or indirectly co-operate by acquiring or agreeing to acquire shares or voting rights in the target company or control over the target company,
without prejudice to the generality of this definition, the following persons will be deemed to be persons acting in concert with other persons in the same category, unless the contrary is established :
a company, its holding company, or subsidiary or such company or company under the same management either individually or together with each other;
a company with any of its directors, or any person entrusted with the management of the funds of the company;
directors of companies referred to in sub-clause (i) of clause (2) and their associates;
mutual fund with sponsor or trustee or asset management company;
foreign institutional investors with sub-account(s);
merchant bankers with their client(s) as acquirer;
portfolio managers with their client(s) as acquirer;
venture capital funds with sponsors;
banks with financial advisers, stock brokers of the acquirer, or any company which is a holding company, subsidiary or relative of the acquirer :Provided that sub-clause (ix) shall not apply to a bank whose sole relationship with the acquirer or with any company, which is a holding company or a subsidiary of the acquirer or with a relative of the acquirer, is by way of providing normal commercial banking services or such activities in connection with the offer such as confirming availability of funds, handling acceptances and other registration work;
any investment company with any person who has an interest as director, fund manager, trustee, or as a shareholder having not less than 2 per cent of the paid-up capital of that company or with any other investment company in which such person or his associate holds not less than 2 per cent of the paid-up capital of the latter company.Note: For the purposes of this clause "associate" means,-
any relative of that person within the meaning of section 6 of the Companies Act, 1956 (1 of 1956); and
family trusts and Hindu undivided families;In view of the aforesaid provisions, any person desirous of acquiring the shares of Bombay Stock Exchange Limited (BSE) should adhere to the following conditions:

That under the Regulations, there are restrictions on holding (either directly or indirectly) more than 5% of the paid up capital of the BSE;
That under the Regulations there are restrictions on holding (either individually or together with persons acting in concert with him) more than 1% in the paid up equity capital of BSE without complying with "fit and proper" criteria.

In order to comply with the aforesaid provisions as stipulated by SEBI, any investors before acquiring any equity shares of BSE, are hereby advised to disclose/declare in the prescribed format given hereunder to the Exchange whether he or they have become an "Associate" in relation to a shareholder having trading rights and also the names of the individuals/entities that may be construed as "persons acting in concert" as defined under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997.

Book Building Process - Explained

When ever a company goes public it has to bring it's IPO(Initial Public Offer) in the market with a price band which is set by the promoters of the company and the whole process is to be completed according to the guidelines of SEBI. No company can breach the guidelines for an IPO as described by the sebi in it's red herring prospectus. Book Building process goes from various stages which are explained here in detail.

Book Building is basically a capital issuance process used in Initial Public Offer (IPO) which aids price and demand discovery. It is a process used for marketing a public offer of equity shares of a company. It is a mechanism where, during the period for which the book for the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The process aims at tapping both wholesale and retail investors. The offer/issue price is then determined after the bid closing date based on certain evaluation criteria.

The Process for Book Building:

• The Issuer who is planning an IPO nominates a lead merchant banker as a 'book runner'.
• The Issuer specifies the number of securities to be issued and the price band for orders.
• The Issuer also appoints syndicate members with whom orders can be placed by the investors.
• Investors place their order with a syndicate member who inputs the orders into the 'electronic book'. This process is called 'bidding' and is similar to open auction.
• A Book should remain open for a minimum of 5 days.
• Bids cannot be entered less than the floor price.
• Bids can be revised by the bidder before the issue closes.
• On the close of the book building period the 'book runner evaluates the bids on the basis of the evaluation criteria which may include -
  Price Aggression
  Investor quality
  Earliness of bids, etc.
• The book runner and the company conclude the final price at which it is willing to issue the stock and allocation of securities.
• Generally, the number of shares are fixed, the issue size gets frozen based on the price per share discovered through the book building process.
• Allocation of securities is made to the successful bidders.
• Book Building is a good concept and represents a capital market which is in the process of maturing.

Guidelines for Book Building

Rules governing book building is covered in Chapter XI of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000.

Book Building in BSE ( Bombay Stock Exchange)

• BSE offers the book building services through the Book Building software that runs on the BSE Private network.
• This system is one of the largest electronic book building networks anywhere spanning over 350 Indian cities through over 7000 Trader Work Stations via eased lines, VSATs and Campus LANS.
• The software is operated through book-runners of the issue and by the syndicate member brokers. Through this book, the syndicate member brokers on behalf of themselves or their clients' place orders.
• Bids are placed electronically through syndicate members and the information is collected on line real-time until the bid date ends.
• In order to maintain transparency, the software gives visual graphs displaying price v/s quantity on the terminals.

Initial Public Offerings

Corporates may raise capital in the primary market by way of an initial public offer, rights issue or private placement. An Initial Public Offer (IPO) is the selling of securities to the public in the primary market. This Initial Public Offering can be made through the fixed price method, book building method or a combination of both.In case the issuer chooses to issue securities through the book building route then as per SEBI guidelines, an issuer company can issue securities in the following manner:
1. 100% of the net offer to the public through the book building route.
2. 75% of the net offer to the public through the book building process and 25% through the fixed price portion.

Difference between shares offered through book building and offer of shares through normal public issue:

Fixed Price Process :

• Price at which the securities are offered/allotted is known in advance to the investor.
• Demand for the securities offered is known only after the closure of the issue
• Payment if made at the time of subscription wherein refund is given after allocation.

Book Building Process :

• Price at which securities will be offered/allotted is not known in advance to the investor. Only an indicative price range is known.
• Demand for the securities offered can be known everyday as the book is built.
• Payment only after allocation.
  

BSE | NSE | NASDAQ February 2008 trends - Closing Rates

Market Closing rates of february 2008:
29/2/2008/FRIDAY:
BSE- (Closing Rate) - 17578.72- Down(-245.76)
NSE- (Closing Rate) - 5223.50- Down(-61.60)
NASDAQ- (Rate) - 2331.57- Down(-22.21)

28/2/2008/THURSDAY:
BSE- (Closing Rate) - 17824.48- Down(-1.51)
NSE- (Closing Rate) - 5285.10- Up^16.70
NASDAQ- (Rate) - 2353.78- Up^8.79

27/2/2008/WEDNESDAY:
BSE- (Closing Rate) - 17825.99- Up^19.80
NSE- (Closing Rate) - 5268.40- Down(-1.65)
NASDAQ- (Rate) - 2344.99- Up^17.51

26/2/2008/TUESDAY:
BSE- (Closing Rate) - 17806.19- Up^155.62
NSE- (Closing Rate) - 5270.05- Up^69.35
NASDAQ- (Rate) - 2327.48- Up^24.13

25/2/2008/MONDAY:
BSE- (Closing Rate) - 17650.57- Up^301.50
NSE- (Closing Rate) - 5200.70- Up^89.95
NASDAQ- (Rate) - 2303.35- Up^3.57

22/2/2008/FRIDAY:
BSE- (Closing Rate) - 17349.07- Down(-385.61)
NSE- (Closing Rate) - 5110.75- Down(-81.05)
NASDAQ- (Rate) - 2298.78- Down(-27.32)

21/2/2008/THURSDAY:
BSE- (Closing Rate) - 17734.68- Up^117.08
NSE- (Closing Rate) - 5191.80- Up^37.35
NASDAQ- (Rate) - 2327.10- Up^20.90

20/2/2008/WEDNESDAY:
BSE- (Closing Rate) - 17617.60- Down(-458.06)
NSE- (Closing Rate) - 5154.45- Down(-126.35)
NASDAQ- (Rate) - 2306.20- Down(-15.60)

19/2/2008/TUESDAY:
BSE- (Closing Rate) - 18075.66- Up^27.61
NSE- (Closing Rate) - 5280.80- Up^3.90
NASDAQ- (Rate) - 2321.80- Down(-10.74)

18/2/2008/MONDAY:
BSE- (Closing Rate) - 18048.05- Down(-67.20)
NSE- (Closing Rate) - 5276.90- Down(-26.00)
NASDAQ- (Rate) - 2321.80- Down(-10.74)

15/2/2008/FRIDAY:
BSE- (Closing Rate) - 18115.25- Up^348.62
NSE- (Closimg Rate) - 5302.90- Up^100.90
NASDAQ- (Closing Rate) - 2332.54- Down(-41.90)

14/2/2008/THURSDAY:
BSE- (Closing Rate) - 17766.63- Up^817.49
NSE- (Closing Rate) - 5202.00- Up^272.55
NASDAQ- (Rate) - 2373.93- Up^53.89

13/2/2008/WEDNESDAY:
BSE- (Closing Rate) - 16949.14- Up^341.13
NSE- (Closing Rate) - 4929.45- Up^91.20
NASDAQ- (Rate) - 2320.04- Down(-0.02)

12/2/2008/TUESDAY:
BSE- (Closing Rate) - 16608.01- Down(-22.90)
NSE- (Closing Rate) - 4838.25- Down(-18.75)
NASDAQ- (Rate) - 2320.06- Up^15.21

11/2/2008/MONDAY:
BSE- (Closing Rate) - 16630.91- Down(-833.98)
NSE- (Closing Rate) - 4857.00- Down(-263.35)
NASDAQ- (Rate) - 2304.85 - Up^11.82

8/2/2008/FRIDAY:
BSE- (Closing Rate) - 17464.89 - Down (-62.04)
NSE- (Closing Rate) - 5120.35 - Down (-12.90)
NASDAQ- (Rate) - 2293.03 - Up^(+14.28)

7/2/2008/THURSDAY:
BSE- (Closing Rate) - 17526.93 - Down (-612.56)
NSE- (Closing Rate) - 5133.25 - Down (-189.30)
NASDAQ- (Rate) - 2278.75 - Down (-30.82)

6/2/2008/WEDNESDAY:
BSE- (Closing Rate) - 18149.49 - Down (-523.67)
NSE- (Closing Rate) - 5322.55 - Down (-161.35)
NASDAQ- (Rate) - 2309.57 - Down (-73.28)

5/2/2008/TUESDAY:
BSE- (Closing Rate) - 18663.16 - Up ^2.84
NSE- ( Closing Rate) - 5483.90 - Up ^20.4
NASDAQ- (Rate) - 2382.85 - down ( -30.51)

Procedure for listing of an IPO in Stock Exchanges

Procedure for IPO listing is as follows

1) Company decide to go public and raise fund from the market. They decide upon the Total amount to be raised from the Market. They get clarification from SEBI. This amount is broken down in number of shares by deciding the Face Value (FV).

2) As per the norms of the SEBI the FV is to be multiple of 5. Normal practice is keeping this @Rs 10. Other denominations that are followed are Rs 5 and Rs 15. This depends on the Strength of the company and the permission of SEBI. Rs 10 is commonly used because calculation becomes simple and it can also be broken in percentage terminology whithout using decimals and complex numbers.

3) Now the No of shares to be introduced in the Market is Decided. In IPO the demand and supply of the market forces leeds to an open and close price which is normally reflected as the Price Band... That becmes the initial offer price to public.

4) Depending upon the response (i.e: Demand) of the Stock as IPO, when it is opend on Secondary Market the price is decided. Normally those IPOs which have gone oversubscribed obviously does have lesser supply in the Market and the entire marketbecomes Bullish on this stock. So, again there becomes price appreciation of the Stock in the share market.

5) the combined collection of the firm from IPO and Secondary Market operations becomes the Market Capitalisation of the firm, from which a share of Profitability is distributed among the share holders in the form of Dividend (when to announce depends on the business conditions)The parameter of Dividend Distribution has nothing to do with the FV so if you will calculate it from his basic you will never reach to any conclusion.

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Bombay Stock Exchange-(BSE)

Bombay Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage. Popularly known as "BSE", Bombay Stock Exchange was established as "The Native Share & Stock Brokers Association" in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts Act, 1956. The Bombay Stock Exchange plays pivotal and pre-eminent role in the development of the Indian capital market is widely recognized and its index, SENSEX, is tracked worldwide. During intial days Bombay Stock Exchange was just an Association of Persons , but now it is a corporatised entity incorporated under the provisions of the Companies Act, 1956, .Bombay Stock Exchange is now a limited comany with board of directors which govern it's transactions efficiently .Bombay Stock Exchange Limited received its Certificate of Incorporation on 8th August, 2005 and Certificate of Commencement of Business on 12th August, 2005. The 'Due Date' for taking over the business and operations of the BSE, by the Exchange was fixed for 19th August, 2005, under the Scheme. Bombay Stock Exchange has succeeded the business and operations of BSE on going concern basis and its recognition as an Exchange has been continued by SEBI.
In terms of organisation structure, the Board formulates larger policy issues and exercises over-all control. The committees constituted by the Board are broad based. The day to day operations of the Exchange are managed by the Managing Director & CEO and a management team of professionals.
Bombay Stock Exchange has a nation-wide reach with a presence in 417 cities and towns of India. The systems and processes of the Exchange are designed to safeguard market integrity and enhance transparency in operations. During the year 2004-2005, the trading volumes on the Exchange showed robust growth.
The Exchange provides an efficient and transparent market for trading in equity, debt instruments and derivatives. The BSE's On Line Trading System (BOLT) is a proprietory system of the Exchange and is BS 7799-2-2002 certified. The surveillance and clearing & settlement functions of the Exchange are ISO 9001:2000 certified.

BSE also has a wide range of services to empower investors and facilitate smooth transactions:

Investor Services: The Department of Investor Services redresses grievances of investors. BSE was the first exchange in the country to provide an amount of Rs.1 million towards the investor protection fund; it is an amount higher than that of any exchange in the country. BSE launched a nationwide investor awareness programme- 'Safe Investing in the Stock Market' under which 264 programmes were held in more than 200 cities.The BSE On-line Trading (BOLT): BSE On-line Trading (BOLT) facilitates on-line screen based trading in securities. BOLT is currently operating in 25,000 Trader Workstations located across over 450 cities in India.BSEWEBX.com: In February 2001, BSE introduced the world's first centralized exchange-based Internet trading system, BSEWEBX.com. This initiative enables investors anywhere in the world to trade on the BSE platform.Surveillance: BSE's On-Line Surveillance System (BOSS) monitors on a real-time basis the price movements, volume positions and members' positions and real-time measurement of default risk, market reconstruction and generation of cross market alerts.BSE Training Institute: BTI imparts capital market training and certification, in collaboration with reputed management institutes and universities. It offers over 40 courses on various aspects of the capital market and financial sector. More than 20,000 people have attended the BTI programmesAwards
The World Council of Corporate Governance has awarded the Golden Peacock Global CSR Award for BSE's initiatives in Corporate Social Responsibility (CSR).
The Annual Reports and Accounts of BSE for the year ended March 31, 2006 and March 31 2007 have been awarded the ICAI awards for excellence in financial reporting.
The Human Resource Management at BSE has won the Asia - Pacific HRM awards for its efforts in employer branding through talent management at work, health management at work and excellence in HR through technologyDrawing from its rich past and its equally robust performance in the recent times, BSE will continue to remain an icon in the Indian capital market.