Indian Stock Indices - BSE | NSE down

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Major Indian Stock markets closed in red today as ITC, maruti, Sterlite and delhi land finance were in red through out the trading day. It may be noted that market breadth was however positive with 1492 advances and 1380 declines.

The reason for lower closing is mainly weak global cues with major world indices in red.

Further reading for today:
BSE Sectoral performance
SENSEX Companies day's performance

Bombay Stock Exchange’s Sensex ended at 17,929.46, down 27.40 points. The index touched intraday high of 18005.07 and low of 17856.40.

National Stock Exchange’s Nifty closed at 5386.35, down 7.45 points. The index touched a high of 5409.10 and low of 5361.50 in trade.

BSE | NIFTY surges 17 perc and 17.5 perc resp

Trading in Indian stocks was halted Monday after shares in key benchmarks surged more than 17%  triggering market circuit breaker rules.

India's surge helped boost sentiment in other regional markets. While Japanese shares closed lower, before the start of Indian trading, exchanges open later, including Hong Kong, Shanghai and Singapore all ended higher.

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The Sensex closed 17.3% higher at 14,284.21, while the 50-stock S&P CNX Nifty rallied 17.7% to 4,323.15.

"The election in India is showing a clear mandate there, and probably underlines to a lot of investors there that Asia is going to be the growth area for the next six to nine months, whereas growth in Europe and U.S. could take much longer," said Andrew Sullivan, a sales trader at Main First Securities in Hong Kong.

Minutes after the opening, the 30-stock Sensitive Index, or Sensex, rose 10.7% while the National Stock Exchange Nifty rose 14.5%, triggering a two-hour trading suspension. Immediately at the resumption of trade, shares surged further, prompting a trading suspension for the rest of the day.

"A pro-reform/stable government is just what India needs, amid signs of economic expectations bottoming out, to inspire investor confidence. We have argued that the stability of the newly-elected government, rather than the coalition dynamics, would be crucial for" sentiment, said analysts at Standard Chartered.

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Some market observers were disappointed, however. Sharmila Joshi, an investment adviser in Mumbai, said "I have never seen anything like this... These kind of gap-up openings are ultimately bad for the market, as they don't give one a chance to participate. Today, it was impossible to participate."

Among the big gainers, shares of market heavyweight Reliance Industries climbed 20.6% and ICICI Bank advanced 25.4%, while property major DLF gained 25.9%.

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The local currency also surged, with the U.S. dollar recently down to 47.96 rupees from a previous close of 49.38 rupees.

Morgan Stanley raised its earnings estimate and Sensex targets after the poll outcome. Analysts there said they now expect the Sensex companies to post aggregate earnings growth of 2.5%, compared with a prior forecast of a 10% contraction, this fiscal year. Morgan Stanley raised its Sensex target for 2009 to 15,300.

Saturday, the Congress-led United Progressive Alliance secured 262 seats out of the 543 up for grabs, falling just short of the 272 majority mark. The alliance is expected to make up the difference with support from smaller parties and independents. The outcome beat the most optimistic exit polls.

NSE keeps circuit limit unchanged

The National Stock Exchange (NSE) on Monday said it has kept its circuit filters unchanged and trading will come to a halt if benchmark index Nifty rises or falls by 300 points in a day.

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"The existing policy will continue to govern trading on the exchanges. Accordingly, the first level of the circuit breaker at 10 per cent will be triggered at 300 points for Nifty and 975 for Sensex over the respective closing level of the indices today," the NSE said in a statement.

The announcement by NSE came in after the market authorities had to halt the trading - initially for two hours and later for the entire day - as the rules do not permit the trade to continue if a single-day gain exceed 20 per cent in either of the two benchmark indices, Sensex and Nifty.

The 50-share Nifty today soared 531.65 points in the opening trade which led to the regulators closing the equity and equity derivatives market closed for two hours. Following opening, Nifty further went up 651.50 points to 4,323.15, which triggered a halt for the day.

This circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide and
are triggered by movement of either Sensex or Nifty, whichever is breached earlier.

Also the Sensex today soared by 2,111 points to close at 14,284.21 points. It had surged 1,760 points at 13,963, hitting the upper circuit following which trading was halted for two hours. After the trading was resumed, the Sensex soared 806 points at 14,284.21 triggering a halt for the day.

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On March 31, 2008, the last trading day of the quarter, Sensex closed at 9,708.50 points. The absolute points of Sensex variation which would trigger market wide circuit breaker for any day in the quarter between April 1 and June 30 would be 975 points for first 10 per cent trigger point, 1,450 points for the second 15 per cent trigger point and 1,950 points for the final 20 per cent trigger.

Similarly for the Nifty, the three trigger points in the current quarter would be 300 points, 440 points and 600 points - based on a closing level of 3,020.95 points on March 31. In case of a 10 per cent movement of either of these indices, there would be a one hour market halt if the movement takes place before 1 pm.

In case of a 15 per cent movement of either index, there will be a two hour market halt if the movement takes place before 1 pm. If the 15 per cent trigger is reached on or after 1 pm but before 2 pm, there will be a one hour halt. If the 15 per cent trigger is reached on or after 2 pm the trading will halt for the remainder of the day.

In case of a 20 per cent movement of the index, the trading will be halted for the remainder of the day.

How to do Day Trading - without getting failed

Day trading in stock markets has lots and lots of risks- use this post for information purpose only and please refer to our disclaimer at bottom of this page.

One of the best ways to make money is by trading in the stock market. You can earn a lot of money by buying and selling stocks.

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One way to earn a lot of money is through day trading. Day trading refers to buying and selling financial instruments. Transactions in day trading are usually fast and end in a single trading day. In day trading, you can make a lot of money in a single day.

However, you should know that day trading is business. And, in all kinds of business, you should expect some losses. In day trading, losses can be huge, especially if you don’t know how to day trade.

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Although day trading can offer you huge income, it can also give you severe financial losses. It is know that beginner day traders lose money on the first months of trading and most of them never really get the hang of it and losses interest even if they never really recovered their losses.

People have been arguing that day trading is a very risky business and should stay away from it while others say that day trading is one of the best ways to make a viable profit.

However, no matter what people say, day trading is there to stay in the market place. It can never be denied that day trading is one of the most important aspects in the market place. It keeps the market efficient and liquid.

However, there are successful day traders who earns a lot of money by just day trading. These people have been known to earn more than a million dollars a year.

So, if you plan on doing day trading, you should be prepared on losing money on the first few months of day trading.

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Here are some characteristics of a successful day trader that you should try to copy.

The first thing you should consider is that you should have enough capital to trade. Also, you should only risk money that you can afford to lose. This way, it won’t be too frustrating in case you had a bad day in the market.

The next thing you should consider is that you should never enter this kind of business if you don’t know anything about the market. You should be knowledgeable about the market in order to be successful in day trading.

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As you might have heard, you need discipline. Many day traders end up losing a lot of money because they don’t have the patience and the discipline to day trade. You should know how to plan trades and use it as your strategy.

To get better at anything you do, you need to practice. Experienced day traders practice a lot and formulate different kinds of strategy in order to minimize loss and maximize profit. There are different kinds of simulated day trading software available. Use it.

These are some of the things you should know about day trading. In time, if you follow these guidelines, you can be sure of success as a day trader.

There are six basic strategies day traders use to make a profit. These six strategies are:

• Trend following

• Playing news events

• Scalping

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• Range trading

• Covering spreads

• Technical trading

In trend following, a day trader who uses this strategy buys stocks that are rising or, short-sells it if it is falling. They always expect that the trend of the stock (rising or falling) will continue.

In range trading, a day trader who uses this strategy buys stocks at a low price and sells it at the high. They assume that once a stock hits a high, it will eventually fall back to low and continue in that direction for some time.

Playing the news strategy is the basic and most common strategy that most day traders do. They will buy a stock that has announced good news and will sell a stock if it announced bad news.

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Scalping is a strategy where day traders establishes and liquidates a position very quickly. This strategy usually takes place within minutes or even seconds.

Shorting stocks strategy is when day traders assume that the stock they purchased will rise. Another shorting stocks strategy is that they tend to borrow stocks from brokers and sells it hoping that the price will go down and buy it again.

Day trading is not an easy thing to do. You need to have the following qualities in order to be successful in this kind of business.

Firstly, you have to consider that day trading is mentally and psychologically challenging. You should always be focused on the trades. You should also know how to decide what to do quickly when you see a trend in a particular stock.

Secondly, you have to know how to manage your money. Many people who have failed in day trading didn’t manage their money well enough. They tend to spend a lot of money more than they can afford in order to make a huge profit.

Always remember that day trading is not easy on the first months. This is why you should expect losing when you are just starting to day trade. Also, you will need enough capital in order for you to be successful in day trading.

Nifty updates April 2009 - Nifty premium widens

NSE stock Updates - Trade on Indian bourses was extremely choppy on Wednesday, with a steep fall initially on weak cues from global markets and a smart recovery later. The lower levels triggered heavy short covering as well as strong buying in frontline stocks, and even more aggressively in mid and small caps.

National Stock Exchange’s (NSE) 50-share Nifty ended 2.65 per cent higher at 3342.95 from Monday’s close. Intraday, the index touched a high of 3357.05 bouncing off a low of 3149.25. The top gainers were HCL Technologies (11.13%), Nalco (8.71%), GAIL (7.33%) and Unitech (7.07%).

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In futures, Nifty April provisionally ended at a premium of 12 points, expanding from 5 points Monday. The contract price rose 2.89 per cent and open interest added enormous 60.79 lakh shares (provisional). The buy quantity was nearly twice that of sell, which indicates short covering and build up of long positions.

On the options front, unwinding of short positions was observed at Nifty strikes 3300 and 3200 while call buying was seen from 3400-3600 levels. On the other hand, put writing was witnessed at strikes 3300 and 3200. This hints at extended gains near term.

“The rally in late trade reminded me of Mark Mobius’ words that the Bull Run has already started. Now all eyes are on corporate earnings and the parliamentary elections. Any positive development on this front may lead Nifty to 3800 level and any unfavorable development may see some correction in the near term. However, at current levels I don’t expect any heavy correction,” said Kapil Mehta, analyst at Flexion Advisory.

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Among stock futures, Reliance Industries April advanced 3.5 per cent and added 6 lakh shares in open interest. Reliance Infrastructure gained 0.55 per cent and added 3.35 lakh shares in OI. ICICI Bank rose 0.41 per cent and open interest added 10.5 lakh shares. JP Associates surged 9.3 per cent and added 24 lakh shares in OI.

Essar Oil April futures climbed 4.19 per cent while OI shed 1 lakh shares. NTPC soared 7.3 per cent and OI added 30.51 lakh shares. Larsen & Toubro jumped 5.26 per cent and OI added 6 lakh shares. Unitech advanced 8.59 per cent adding 1 crore shares in OI.

Total F&O turnover on NSE was Rs 63,465 crore, up 31 per cent against Rs 48,445 crore on 6/4/09.

posted under - Nifty updates, NSE updates, NSE india, Nifty stocks, Nifty 50 updates, NSE, National Stock exchange stocks, indian markets updates

19/3/09 - BSE, NSE surpasses key psycological checkpoints (levels)

After a firm opening taking cues from global shores, investors took to profit booking at higher levels. Sentiment worsened after inflation eased close to zero -- a sharp slide towards deflationary territory. The annual rate of inflation fell by as much as 200 basis points to a historic low of 0.44 percent for the week ended March 7 against 2.43 percent for the week before.

However, the silver lining to the fall in inflation rate was that the central bank may take some steps soon to help lower the cost of credit for the corporate sector and push demand, which helped lift sentiment. A positive opening on the European bourses also lent support.

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“Investors were clearly looking at booking profits at short intervals. The Nifty is now trading in a range of 2825-2750. On the upside, the index faces resistance around 2800-2830 levels while the support is around 2750-2740 levels. If the Nifty falls below 2750, then a correction right upto 2675 seems possible,” said Manas Jaiswal, senior technical analyst at Emkay Shares and Stock Brokers.

National Stock Exchange’s Nifty ended above the crucial level of 2800; at 2807.15, up 0.45 per cent or 12.85 points. The index moved in a range of 2822.25 and 2771.35. Bombay Stock Exchange’s Sensex settled at 9,001.75, up 25.07 points or 0.28 per cent. The index swung in a 100-point band through the day.

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The broader market also lost steam during the course of the day but held onto gains. BSE Midcap Index ended 0.52 per cent higher and BSE Smallcap Index was up 1.08 per cent.

Among frontline counters, Sterlite Industries (4.18%), HDFC (2.53%), Tata Consultancy Services (1.62%), Maruti Suzuki (1.7%) and Sun Pharmaceuticals (2.33%) posted modest gains, helping the indices crawl back into the positive territory.

Larsen & Toubro (-4.14%), BHEL (-3.15%), Tata Motors (-2.75%), Reliance Communications (-2.03%) and Mahindra & Mahindra (-1.89%) remained under pressure.

Sectorwise, realty, technology and banking stocks led the upmove while capital goods and auto stocks ended with losses. Market breadth on BSE showed 1354 advances against 1105 declines.

posted under - BSE stocks, sensex updates, daily sensex updates, nse, national stock exchange, nse updates, nse rates, BSE rates

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

Tips for how to finalise between Debt and Equities

following tips by renowed and experienced professional will surely help you in finalising between debt and equities thus increasing your confidence in share markets amid various turmoils and uncertainities prevelant in this domain of Stock market investing.

open your Account for online share trading now - FREE

The stock market's troubles are far from over. The biggest concerns – inflation and high crude prices – continue to bog world economy, despite the latter now showing a downward movement.

A big challenge for the corporate sector is high input costs and, for the tech sector, the US recession. In fact, between them, these two factors are bound to affect the performance of several other sectors.

Do's and Dont's of Share Markets

In this background, short-term investors should invest in debt products as they give assured returns, in doubt-digits at that. On the other hand, if – and only if – investors are prepared to wait for at least three years, they can look at equity. But they need to invest in a staggered manner.

For instance, look at daily and weekly STPs (systematic transfer plans). Here, a lump sum gets invested in a debt fund with a fixed amount getting transferred from it to an equity or balanced fund regularly.

This will allow the investor to take advantage of market volatility by spreading his exposure. STPs are also cheaper as fund houses do not charge any entry fee for the transfer. However, STPs are applicable for investments of over Rs 50K as a smaller corpus can get invested in a matter of days.

Open Online Share trading accout Now

Investors with a long-term view can also look at accumulating stocks in sectors such as capital goods, construction, media and entertainment. In the case of construction, the investment would be 'contrarian', as the sector has been beaten down heavily in the last few months.

Aggressive investors can also look at banking and financial services as these could get a much-needed reform boost soon. But remember that these sectors are still not free from the problem of high interest rates. In the end, it’s you who will have to decide whether you have the confidence in the potential of the stock markets.

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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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.
  

SEBI to educate investors - creates a INR 10 cr fund

The Securities and Exchange Board of India (SEBI) has created an Investor Protection and Education Fund with an initial corpus of Rs 10 crore and has invited public comments on the draft regulations that will govern the fund. The initial corpus has been created out of the SEBi General Fund.

The fund shall be used for the purpose of education programs through print and electronic media, organising seminars and symposia and conducting R&D. The fund will also be used for projects for investor education and protection including research activities and for financing such projects and co-ordinating with investors' associations registered with SEBI.

"Funds shall be utilised by the (SEBI)The Securities and Exchange Board of India (SEBI) has created an Investor Protection and Education Fund with an initial corpus of Rs 10 crore and has invited public comments on the draft regulations that will govern the fundi) board for the specified objective on the recommendation of a committee constituted in accordance with the proposed regulations," says the release.

Further, the term of office of the chairperson and members would be one year. The committee, which would also include representatives of investor associations, intermediaries and stock exchanges, would meet once in every quarter of a financial year.
so investors have a nice time and get educated.

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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National Stock Exchange-(NSE)

The National Stock Exchange of India Limited (NSE), is a Mumbai-based stock exchange. It is the largest stock exchange in India and the third largest in the world in terms of volume of transactions. NSE is mutually-owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India but its ownership and management operate as separate entities. As of 2006, the NSE VSAT terminals, 2799 in total, cover more than 1500 cities across India . In July 2007, the NSE had a total market capitalization of 42,74,509 crore INR making it the second-largest stock market in South Asia in terms of market-capitalization. It is also larger then the famous Bombay Stock Exchange in terms of market capitalization.