Indian Stock Markets close in red Rcom M&M Drag

(Posted under - SENSEX closing, Nifty Closing) - Major indian share indices closed in deep red today as profit making griped the markets.

Bombay Stock Exchange’s Sensex closed at 16148.55, down 207.48 points or 1.27 per cent. The index touched an intra-day low of 16129.11 and high of 16525.98.

National Stock Exchange’s Nifty ended at 4824.95, down 74.75 points or 1.53 per cent. The 50-share index hit a low of 4814.10 and high of 4951.15.

BSE Midcap Index fell 1.28 per cent and BSE Smallcap Index declined 0.86 per cent.

Biggest Sensex losers comprised Jaiprakash Associates, Reliance Communications , Mahindra & Mahindra, NTPC, Grasim Industries and Maruti Suzuki .

Market breadth on BSE remained negative with 1788 declines against 1106 advances.

SENSEX | NIFTY closes in green as fin. stocks climb

(posted under BSE live, NSE live) - It was a good day for indian stock indices as major indices ended in green today as shares of technology companies and financial institutions boosted the markets.

Bombay Stock Exchange’s Sensex was at 17,628.71, higher by 74.41 points or 0.42 per cent. The index touched a high of 17,712.60 and low of 17,505.50 in trade so far.

BSE Midcap Index was up 0.57 per cent and BSE Smallcap Index climbed 0.63 per cent.

National Stock Exchange’s Nifty closed at 5275.35, thus moving up by 23.15 points.

SECTORAL INDICES -

BSE Bankex was up by 2.51 percent, BSE PSU Index up 1.85 percent and BSE Auto Index up 1.69 percent. However BSE Metal Index and BSE Oil & Gas Index lost 0.38 per cent each.

SEBI tightens investment norms

(22/4/2009 - SEBI news ) - Market regulator SEBI imposed a ceiling of 30 per cent on resources a mutual fund can invest in the debt instruments of a single entity, a move that will help asset managers to diversify risks.

"The Board decided to amend the Seventh Schedule of SEBI (Mutual Fund) Regulations to provide that no mutual fund scheme shall invest more than 30 per cent of its net assets in money market instruments of an issuer," SEBI said in a statement after the Board meeting.

-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

The schemes may, however, continue to invest up to 15 per cent or 20 per cent of its net assets, in other investment grade debt instruments of an issuer as already provided in the regulations, it added.

Welcoming the decision, AMFI Chairman A P Kurien said " the move was suggested by us as it will help in reducing risk by cutting down overexposure in a single entity."

Valueresearch CEO Dhirendra Kumar said it is a modest initiative by the regulator and will lead to reducing systemic risks. It will ensure safety of investors' money although it will be bit tough for fund houses to comply with.

-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

However, it said, these limits will not cover investments in government securities, T-Bills and Collateralized Borrowing and Lending Obligations (CBLO).

posted under - SEBI, SEBI updates, indian markets updates, Securities exchange board, Indian stocks, BSE, BSE stocks, NSE stocks

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.

Also Read :
-G20 summit updates 2009NEW!!
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

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.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

That was enough to see the market finish the March quarter up 0.6 per cent, its first quarterly rise since the end of 2007. It rose another 2 per cent on Wednesday to close at 9,901.99

posted under - BSE updates, NSE updates, NSE stocks, BSE stocks, Sensex updates, BSE, BSE latest updates, nifty, Nifty updates

BSE | NSE Stocks closing rates - March 2009

This post consists of daily closing rates of BSE (Bombay Stock Exchange) and NSE (Nifty) for the month of march 2009 all the enteries are in indian calendar year dates.

PS - green color of the entry shows market going up & red color shows that corresponding index closed lower when compared with previous day close

Index Name Closing Price Change wrto previous day close Remarks

March 31/09 BSE NSE NASDAQ DJIA closing stock rates :
SENSEX 9708.50 140.36 Up^140.36
NIFTY 3020.95 42.80 Up^42.80
NASDAQ 1501.80 -43.40 Down(-43.40)
DJIA 7522.02 -254.16 Down(-254.16)

March 30/09 BSE NSE NASDAQ DJIA closing rates :
SENSEX 9568.14 -480.35 Down(-480.35)
NIFTY 2978.15 -130.50 Down(-130.50)
NASDAQ 1545.20 -41.80 Down(-41.80)
DJIA 7776.18 -148.38 Down(-148.38)

March 25/09 BSE NSE NASDAQ DJIA closing rates

SENSEX 9667.90 196.86 UP^196.86 pts
NIFTY 2984.35 45.65 UP^45.65 pts
NASDAQ 1516.52 -39.25 DOWN(-39.25)
DJIA 7659.97 -115.89 DOWN(-115.89)

March 24/09 BSE NSE NASDAQ DJIA closing rates
SENSEX 9471.04 47.02 Up^47.04 pts
NIFTY 2938.70 -1.20 Down (-1.20) pts
NASDAQ 1555.77 98.50 Up^98.50 pts
DJIA 7775.86 497.48 Up^497.48 pts

posted under - BSE stocks, NSE stocks, DJIA stocks, Nasdaq stocks, S and P stocks news, BSE closing Rates, djia closing, sensex closing, Nifty closing, dow jones closing, indian markets updates

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

Fund raising through IPO's hits the bottom - 2008

India Inc's capital mobilisation through initial public offering has hit rock bottom as the total amount raised via this route in BSE 2008 aggregated to $ 4,509 million, the lowest in the last three years, says a report.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

Capital mobilisation through IPOs witnessed a fall both in terms of volume and value as only 44 transactions worth $ 4508.85 million were announced, global consultancy firm Grant Thornton said. Way back in 2005, however, there were as many as 64 such deals with an announced value of $ 5521.50, it added.

The total fund mopped up through IPO in 2008 was $ 4.51 billion, 18.34 per cent lower than the amount raised in 2005.Compared with 2007, fund raising has dipped by 54.55 per cent. Fund raising activity through IPO reached its peak in 2007, when a whopping $ 9920.65 million was garnered.

Though there was a fall in both value as well as volume terms but the year 2008 saw several large IPOs across the board including Reliance Power's $ 2.56 billion issue - the largest public issue of 2008, Grant Thornton added.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

The other big IPOs in the year came from Rural Electrification Corp, IRB infrastructure developers and KSK energy ventures each raising $ 410 million, $ 236 million and $ 208 million respectively. The amount of money raised in 2008 was $ 4.51 billion, compared with $ 9.92 billion and $ 5.89 billion in 2007 and 2006 respectively.

posted under - IPO updates, BSE updates, indian markets, indian inc updates, bse stocks, nse stocks, IPO in India, IPO futures

BSE | NSE | DJIA | NASDAQ | Closing rates february 2009

This post includes closing rates of major stock markets of india and world such as Bombay Stock Exchange ( BSE) , National Stock Exchange ( NIFTY), Dow Jones Industrial Average(DJIA), Standard and Poor (S & P), Nasdaq Composite Index (NSDX) , closing rates of these most important indices are very important for regular investor's as they show the trends of stock exchanges and world economic trends.

The post provides closing rates details of Dow Jones Industrial Average(DJIA), NASDAQ, BSE (Bombay Stock Exchange), NSE (National Stock Exchange) on per day basis. You can check live DJIA ticker for latest Dow Jones Industrial Average Updates.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-Rs v/s US$ latest updates
-World's Strongest economies list
-Trouble in Indian Forex
-Indian Agricultural Updates
-US Economic recession-how it started

By the end of this year i predict that BSE would be between 13ooo to 15000 ( it may be different scenario depending on US economic developments)

Note - All the closing rates of BSE, NSE, NASDAQ, DOW JONES INDUSTRIAL AVERAGE(DJIA), Standard and Poor(S & P) are according to Indian Standard time . to see closing rates of DJIA, NASDAQ, Standard and Poor ( S & P) according to American Standard time click here.


6-2-2009 | FRIDAY | Closing Rates | Comparison with previous day close

BSE (SENSEX) | 9300.86 | Up^209.98
NSE ( NIFTY) | 2843.10 | Up^63.05
DJIA ( DOW JONES) | 8063.07 | Up^106.41
NASDAQ | 1546.24 | Up^31.19


4-2-2009 | WEDNESDAY | Closing Rates | Comparison with previous day close

BSE (SENSEX) | 9201.85 | Up^52.55
NSE ( NIFTY) | 2803.05 | Up^19.15
DJIA ( DOW JONES) | 8078.36 | Up^141.53
NASDAQ | 1516.30 | Up^21.87


2-2-2009 | MONDAY | Closing Rates | Comparison with previous day close

BSE (SENSEX) | 9066.70 | Down(-357.54)
NSE ( NIFTY) | 2766.65 | Down(-108.15)
DJIA ( DOW JONES) | 8000.86 | Down(-148.15)
NASDAQ | 1476.42 | Down(-31.42)