National Stock Exchange's sector-wise daily updates

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Following are component-wise daily updates for various NSE's Sectoral indices.

CNX Auto Index daily updates
CNX Bank Index daily updates
CNX Commodities daily updates
CNX energy Index updates
CNX Finance Index daily updates
CNX FMCG index daily updates
CNX Infra index updates
CNX IT index updates
CNX Media Index daily updates
CNX Metal Index updates
CNX Services index updates
CNX Realty Index updates
CNX PSUBANK index updates
CNX PSE index updates
CNX Pharma Index updates
CNX NIFTY 50 index updates
CNX MNC index updates
CNX MIDCAP50 index updates

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.

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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.

Temasek purchases 5% stake in NSE for 115 million dollars

US-based stock exchange NYSE today announced selling its five per cent stake in India's top bourse NSE to Singapore government's investment arm Temasek.

The deal marks exit of New York Stock Exchange from National Stock Exchange and Temasek's entry as shareholder.

The transaction has received the necessary regulatory approvals, NSE and Temasek said in a joint statement, but did not elaborate on the financial details.

NYSE had acquired 5 per cent of NSE in 2007 for 115 million dollars, valuing the bourse at about 2.3 billion dollars.

NSE (National Stock Exchange) starts interest rate futures trading

Trading in interest rate futures began on National Stock Exchange on Monday, with the first contract for December delivery opening at Rs 94.50.

The March contract was quoted at 91.01/91.90 by 0632 GMT, but there were no deals at that stage.

The contracts are based on 10-year government bonds bearing a notional coupon of 7 per cent per annum, compounded every six months.


source bseindia

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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The contract would be settled by physical delivery, the panel said. The move will also help to develop the debt markets.

courtesy - economictimes

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.

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“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

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

Realignment of NSE indices to widen index funds' tracking errors

The proposal to realign NSE indices on the basis of free-float market capitalisation will put index funds and exchange-traded funds in a spot of bother. According to mutual fund analysts, the exchange-proposed changes in stock weightages will result in widening of tracking error in index funds.

Index funds are passively-managed funds, wherein the fund manager attempts to mirror the performance of a benchmark index, by investing the corpus in the index components in proportion to their weightage in the index.

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Tracking error is the difference between returns from the index fund to that of the index. Lower the tracking error, closer are the returns of the fund to that of the target index.

Funds with tracking error lower than 1% are considered good performers, according to mutual fund analysts. The NSE-proposed shift in stock weightages could deviate fund returns (from index returns) in the range of 6-10%, industry sources said.

"There could be some tracking error as weightage realignment of the whole index would mean a lot of buying and selling of shares," said an index fund manager.

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"Unlike in other times when one stock is excluded from the index, the whole benchmark is being revamped this time round. However, the realignment process won’t take long as net AUM in index funds and ETFs are just over Rs 1,300 crore," the fund manager said.

According to analysts, stocks that were heavyweights, but had low floating stock will be adversely impacted because of the realignment. HDFC (+2.7%), ITC (+5.2%), Infosys (3.8%) and ICICI Bank (+2.8%) would be the major beneficiaries while NTPC (-6.7%), ONGC (-3.5) and Bharti Airtel (-1.7) would lose their weightage in the index. Sector-wise, a positive shift in weightage would be witnessed in banking and FMCG while power and oil & gas would be major losers.

posted under - NSE updates, NSE realignment, NSE stocks realignment, Nifty updates, Nifty stocks updates, National Stock exchange, NSE stocks updates

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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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

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.

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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

Sebi asks 11 cos to resolve investor issues within 30 days

Market regulator Securities and Exchange Board of India on Monday asked 11 companies to resolve investor issues in a month or face penalty.

"If any of these companies fails to redress the grievances and submit the status report ... within 30 days from the date of this advertisement, SEBI shall be constrained to take actions against these companies and their directors," it said in a statement.

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The companies include Aashi Industries, Beta Naphthol, Indo American Optics, Jayant Vitamins, Motorol Enterprise, Ojas Technochem Products, Indo American Credit Corp, Hindustan Industrial Chemicals, Topline Shoes, Panjwani Packaging and Pankaj Agro Protinex.

SEBI said it has received a large number of complaints against these companies from investors and that these firms have not responded to the regulator's letter sent along with the list if complaints to them for resolution.

The regulator said, as per the SEBI Act, "such companies shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less."

posted in - SEBI updates, indian markets updates, SEBI latest news, BSE updates, NSE updates, SEBI

March 20/09 - Nifty seen volatile between 2700 and 2850

March 20/09 - (NIFTY CLOSING UPDATES) - NSE’s 50-share Nifty closed the day at 2807.05, down just 0.10 points. The Sensex ended 0.39 per cent lower at 8966. levels. Intraday, Nifty touched a high of 2816.10 and low of 2773.65, a band of 43 points.

Nifty March futures provisionally ended at a discount of 8.5 points against a discount of 7 points on Thursday. The contract price slipped 0.08 per cent while open interest added 22.52 lakh shares. The sell quantity was slightly higher than buy quantity, suggesting slight build up of short positions.

Nifty April futures, on other hand, ended at 12 points discount. The contract price was down just 0.01 per cent while it added 21.72 lakh shares in OI. The discount spread between the two contracts indicates rollover of short positions to the April series.

On options front, call buying was seen at 2800 while call writing at 2900 strikes and unwinding of longs were observed at 3000 strike suggesting strong resistance for Nifty in near term. Huge put writing was seen at 2800 and 2700 strikes while moderate put buying was observed at 2900 strike. The options build up suggests Nifty will remain in 2750-2850 range.


posted under - Nifty, Nifty updates, indian market updates, NSE updates, bse stocks, NSE stocks, National stock exchange updates, nifty stock updates, march updates
source - www.economictimes.com

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

SEBI to simplify share inheritance rules

The Securities and Exchange Board of India (Sebi) will shortly modify some rules pertaining to inheritance of shares, based on the recommendations of the committee on ‘Transmission of Shares’, a person involved with the development told ET.

The move is likely to benefit the legal heirs awaiting inheritance of shares belonging to deceased relatives who neither made a will nor filed the mandatory nomination with depositories.

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The new guidelines will pave the way for quick transmission of shares, especially physical shares. Brokers said investors residing away from urban centres have been facing maximum difficulties with respect to share inheritances.

Transmission means devolution of title to shares otherwise than by transfer, for example, devolution by death, succession, inheritance, bankruptcy, marriage, etc. Transmission is different from ‘transfer’; in transmission a person acquires an interest in the property by operation of law such as right of inheritance or succession, whereas transfer is effected by an act of the parties.

According to some people tracking the committee’s work, Sebi took about 16 months to move ahead on the report despite unanimity among committee members on addressing the difficulties in transmission of physical and dematerialised securities.

“In case of physical shares, companies would have to fix a threshold limit of 200 shares or Rs 1 lakh, whichever is higher, for transmission of shares after submitting the standardised documents,” said a person on the committee. “The limit will be the basic minimum limit to be adhered to by all listed companies.

Companies would require a deed of indemnity, an affidavit and a NoC in case there are other legal heirs. Those companies that have a higher threshold can continue with that,” he said. When the title to shares is passed by an operation of law, the beneficiary need not perform additional formalities.

Companies have different documentary compliances for the legal heirs of the deceased security holder. In many cases, this is tedious and discourages investors from following up on small amounts.

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For instance, in case of a leading bank, a local manager submits a verification report on whether the legal heir possesses a succession certificate or the probated will. Market participants familiar with the development point to the need for updating the nomination of lakhs of investors.

posted under - SEBI, SEBI updates, indices, indian markets updates, indian share markets, indian stocks, bse updates, nse updates

FII to remain positive in 2009

India Infoline expects domestic equities market to generate a return of over 30% in 2009. The prediction stems from three broad views - India is relatively better positioned for stronger and faster economic growth than rest of the world, a reversal of downward pressure on the rupee due to the turnaround in current account and sharp decline in cost of capital.

According to India Infoline analysts, while corporate capex will likely take a long time to recover, public spending and infrastructure spending will hold up well. Even as cost of capital is rapidly coming off, domestic liquidity conditions have improved and thus credit availability should improve. The sharp declines in commodity prices have reduced the cost of building infrastructure by 15-25% across the board.

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"Notwithstanding large declines expected in external trade, a deceleration in industrial and services sectors and the investment cycle, we believe India is well positioned to grow its GDP by at least 5-6% in 2009. Industrial growth too will likely revive more quickly, owing to large capacity additions in core sectors, especially those where growth is constrained by supply," the Infoline report said.

Although India is still trading at a 20% premium to the MSCI EM index, this premium is lower than the average of 40% that it enjoyed over the past five and half years. Thus in a relative sense, Indian equities have been de-rated vis-a-vis emerging markets.

"The brokerage believes, FII flows will be positive in 2009, led mainly by increased weights in emerging markets and global funds. Earnings growth momentum and macro data will be bad for the next few quarters, but markets will look for growth cues beyond the next 2-3 quarters," the India Infoline report said.

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The report states that earnings growth, except in commodities and select domestic cyclicals, will either be resilient or in most cases will likely be better than what markets are pricing in, especially from the third quarter of next fiscal. The brokerage has picked Tata Steel, Suzlon Energy, Bajaj Auto, ICICI Bank and DLF Ltd as the 'dark horses' for 2009. India Infoline is overweight on financials and consumer staples sectors and underweight on IT and energy sectors.

posted under - FII in India, projection of FII in India, Foreign institutional updates, indian markets updates, bse updates, nse updates, bse companies list
source - www.economictimes.com

NSE - Nifty Latest Updates - News

Even though global markets demonstrated a weak session and domestic IIP data showed a negative growth, Indian stocks recovered sharply and ended in the positive terrain Friday as bears covered their shorts on expectations that the government may announce a heavy incentive package to stimulate the economy.

National Stock Exchange's 50-share Nifty ended at 2921.35, slightly higher by 0.04 per cent. Tracking the weak global cues, Indian markets fell at the open but short covering in the late trade helped stocks to recouped early losses. In a highly volatile session Nifty touched a high of 2936.80 and low of 2812.55, a band of around 124 points.

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As per the NSE website data (provisional), Nifty December futures provisionally closed at a discount of 11 points to spot. The contract price slipped 0.62 per cent while open interest added 38 lakh shares in open interest. The contract trimmed its premium of 8 points on Thursday indicating some build up of shorts at higher levels.

On sectoral front-- realty, consumer durables, oil & gas and banking stocks outperformed the benchmark while, IT, Tech, healthcare and auto ended in red.

Some amount of call buying was observed at 2900 and 3200 strike while good amount of tussle can be seen at 3000 level. Bears unwound their written calls at 3100 strike. On the other hand, huge amount of put writing was observed from strike 2900 to 2700. The call build up was little lackluster while solid put writing was seen at lower levels. This indicates Nifty will remain volatile in a range but won't fell significantly from current levels.

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"This is a traders market. Investors are going short in early trade and covering up shorts at late trade and vice-versa. However, despite the negative IIP data, markets recovered sharply came as a surprised to everybody. If one can look through the technical chart for past few days markets are making a doji candle-- suggesting market is waiting for a breakout to either side," said Sanjay Rao, analyst at Spark Advisory.

Given the rising signs of slowdown Indian government is likely to announce a strong stimulus package to boost the economy. However, some analysts are feeling that this is a distribution stage and one can expect a bigger fall in near term.

In stock futures—Reliance Industries December gained 2.66 per cent and open interest added 2.73 lakh shares. Reliance Natural rose 0.27 per cent and added 5 lakh shares in open interest. State Bank of India advanced 0.3 per cent and Reliance Capital jumped 6 per cent.

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source - www.economictimes.com (read full article)
published under - nifty updates, NSE Updates, indian markets updates, indian share markets, markets in india, global uncertainities in india.

Investors to gain little from buybacks

If stock prices movements are an indicator, then investors are not happy with buybacks or share repurchase programmes initiated by companies. While the consensus view is that buybacks are positive as they are usually an indication that the company's management thinks the shares are undervalued, shares of none of the 11 companies whose share buybacks are open have gone up after the initiative was started, data shows.

Stocks of Reliance Infrastructure, SRF, Rain Commodities and DLF have fallen by as much 35-60% from the day the buyback was open and most companies have seen their stock value erode by an average 40% in the same period. All the buybacks are to be done through open market purchase.

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Though on the day of announcement, stocks might have usually reacted positively, stock prices of the same companies have mostly fallen by as much as 10-50% in the period between the buyback intention was first announced and when it actually started.

"What's in it for the ordinary investors, if the company is buying back at the prevailing price? Only the promoters appear to benefit from this peculiar situation as they are indirectly increasing their stake (since bought back shares will be extinguished ) and that too without using their own funds," B Madhuprasad of Keynote Corporate Services said.

Companies such as Amrutanjan, Godrej Consumer, EID Parry and Ipca Labs announced buyback plans in the last two days alone. While its true that shares of most companies are available at steep discounts (40%-80%) vis-a-vis their January peaks, since most of the purchases are done through open market, nonpromoter entities hardly stand to benefit from the scheme of things.

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read more.....

Government to restart futures trade in 4 commodities

Indian commodity markets regulator have allowed exchanges to restart trade in the four suspended commodities from Thursday, its chairman said late on Wednesday.

"We have given permission to the exchanges to restart trading," B.C. Khatua told
reporters.

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Officials at National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX) also confirmed that they will restart trading in the four commodities on Thursday.

The government had suspended trading in soyoil, chickpea, rubber and potato in May to rein in rising prices. The ban expired on Sunday and the regulator said it will decide this week on restarting trading.

Dec 2, 2008 - Sensex closes 101 pts down

Equities witnessed a volatile session Tuesday. After wallowing in the red for major part of the session, the indices pulled back sharply to end off lows.

Market opened with a gap-down tracking other Asian peers after the US economy was officially said to be in recession. The worst hit were the interest rate-sensitive sectors, as traders eyed some financial stimulus from the government like easing in ECB norms and lowering of interest rates.

Automobile stocks were down as economic slowdown hit sales badly while shares of oil exploration companies fell as crude oil price eased to $47.85 per barrel, the lowest since May 2005 and almost $100 off the record peak of $147.27 reached in July.

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National Stock Exchange’s Nifty closed at 2657.80, down 0.94 per cent or 25.10 points. The 50-share index hit an intra-day high of 2672.90 and low of 2570.70.

BSE Midcap Index declined 1.41 per cent and BSE Smallcap Index fell 1.25 per cent.

Amongst the sectoral indices, BSE Realty Index was up 2.69 per cent, BSE FMCG Index closed 1.14 per cent and BSE Power Index ended 0.50 per cent up.

Among the worst hit sectors were BSE Auto Index down 3.44 per cent, BSE Consumer Durables Index falling 2.59 per cent and BSE Oil&gas Index shedding 2.24 per cent.

Gains in Reliance Infrastructure (5.37%), Bharti Airtel (3.05%), Jaiprakash Associates (2.76%), NTPC (2.46%), ITC (2.45%) and DLF (1.96%) helped indices close off lows.

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Mahindra & Mahindra (-8.21%), Maruti Suzuki (-5.24%), Tata Consultancy Services (-5.21%), Larsen & Toubro (-3.46%), Sterlite Industries (-3.29%) and Reliance Industries (-3.10%) ended with significant losses.

Market breadth on BSE remained weak with 1,297 declines outnumbering 801 advances.

Market Analysis - Stocks News - April 2008 Stocks Market Updates:

April 2008 Upates from Stock Markets:

• Volatile market: Investors should reinvest returns from liquid scheme in mkt
• FIs triple inflow into India funds
• Bonus issues fall 24% in 2007-08
• Realty stocks to face more challenging times
• FIIs three-times more bullish than promoters
• Few companies dominating entire sector
• AV Birla ups stake in Canadian units - (14/4/2008)
• Provogue India to consider preferential allotment - (11/4/2008)
• Inflation fear pulls down Sensex - (10/4/2008)
• Mirc promoter puts stake sale on hold - (10/4/2008)
• Motilal Oswal eyes Rs 1,770 target on Nestle - (9/4/2008)
• Sharekhan expects strong Q4 earnings from TV18, Zee News - (8/4/2008)
• Refex Refrigerants declares 10% final dividend - (8/4/2008)
• ArcelorMittal ups stake in Brazil unit to 97.7 per cent
• Charts don't favour the bulls, further fall likely
• Reliance Industries, L&T futures at premium
• Gammon Infra raises stake in Vizag Seaport for Rs 3.3 crore
• Religare buys London's oldest stockbroker Hichens (5/4/2008)
• Pune Stock Exchange brokers may get new avenues to trade (5/4/2008)
• Sensex sheds 489 points; capital goods stocks come under selling pressure (4/4/2008)
• Inflation hits sentiment; Sensex ends 480 pts lower (4/4/2008)
• Derivatives market: Banks, IT hit by jump in inflation (4/4/2008)
• Inflation hits 7%; indices drop 2% (4/4/2008)
• Derivatives market: Nifty sideways, premium contracts ahead of inflation (4/4/2008)
• Indices weak ahead of inflation data (4/4/2008)
• Stocks open flat led by mixed global cues (4/4/2008)
• BSE to launch Sensex futures on US bourse today (4/4/2008)
• Sensex inches up 82 pts, but sentiment’s weak (4/4/2008)
• F&O volumes 5% lower, BHEL April futures down 5% (3/4/2008)
• Equities end choppy session flat (3/4/2008)
• MFs seek debt safety on fears of market crash (3/4/2008)
• Key indices flat; IT outperform (3/4/2008)
• Equities gyrate amid mixed global cues, inflation also worries investors (3/4/2008)
• Derivatives market: Index futures premium widens, Nifty support at 4700 (3/4/2008)