More about Indian Stock markets | Regional Stock exchanges

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I thought to post on Indian Stock markets as a whole as there was no post for Indian stock markets which includes National Stock Markets and Regional Stock markets.

India has two national exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Each has fully electronic trading platforms with around 9400 participating broking outfits. Foreign brokers account for 29 of these. There are some 9600 companies listed on the respective exchanges with a combined market capitalisation near $125.5bn.

There are also many regional stock exchanges across Indian cities, details of Regional stock exchanges of india is in this post

SENSEX closes below 20000 mark -down 289 points

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Weak global stock market cues provided no support to Indian stock indices today as major indian stock markets like Bombay Stock Exchange and national Stock Exchange closed under 20000 mark and nosedived by over one percent at closing today.

The 30 component Bombay Stock Exchange’s Sensex closed at 19,929.08, down by a whopping 239.81 points. The benchmark index touched a low of 19,923.96 during intraday trading. The large caps or SENSEX components are currently governed by Foreign Institutional Investors and shows very little sentiments of Indian investors, The reason is that SENSEX components stock prices have gone beyond the levels of individual investors which is evident with the rise in midcap and Small cap stock prices today. Global stock markets are today trading lower by over 1 percent as weak results from IBM and Apple Inc dissapointed the investors. Currently I would call that Indian stock Indices particularly 30 component SENSEX and NIFTY are at mercy of Foreign Investors who sell stock if US Stock markets are down WHICH IS NOT GOOD FOR INDIAN STOCK MARKETS.

The smaller stock indices like BSE Midcap Index and BSE Smallcap Index closed up 0.24 percent each.

Sector wise performance for today is as follows:
Apart from BSE Healthcare Index upward movement(which got boosted by Biocon Pfizer deal) BSE IT Index fell 2.22 percent today at closing, BSE Realty Index slipped 1.75 percent and BSE Metal Index declined 1.25 percent.

The broader index Nifty closed at 6,011.10, down by 64.85 points and touched high of 6,127.05 during the day.

Good news - you can now do mobile stock trading on NSE from October

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Currently not many exchanges offer trading software through mobile phone and one which offers is too costly and probably out of reach, for those who are really looking forward for stock trading using their mobile phone are going to have some very good time from october 2010 as the National Stock exchange would probably start its mobile trading software which should be available for far less cost then most of the packages provided by big brokerage houses(Top 10 brokerage houses list)

At beginning some 50 brokers chosen by National Stock exchange shall get this facility which would be expanded from october this year, The software used is called 'NOW'- strange name though, NSE has total of 1200 brokers till date and about 1.2 crore clients which would be benefited by this platform.

NSE sub indices updates today

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Indian Stock markets witnessed a lackluster trading day today and major indices closed almost flat today.
Other Related posts:
BSE Indices at closing today
SENSEX rates today

Index Name	Last Trade	Change
S&P CNX NIFTY	5,414.15	4.15 (0.08%)
S&P CNX DEFTY	4,024.20	18.55 (0.46%)
CNX NIFTY Junior	11,899.70	42.55 (0.36%)
S&P CNX 500	4,558.50	4.05 (0.09%)
CNX MIDCAP 200	8,754.90	38.75 (0.44%)
BANK NIFTY	10,770.25	89.70 (0.84%)
CNX IT	6,059.50	27.35 (0.45%)

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

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

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.

Also Read :
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-Indian Economic Summit Updates
-World's Strongest economies list
-Trouble in Indian Forex
-US Economic recession-how it started

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

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.