Indian stock markets down as second dip fears rise

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A very good evening to visitors of livebombaystockexchange. The news from Indian stock markets including the Bombay Stock Exchange and National stock exchange is not good as benchmark indices SENSEX and NIFTY both closed in deep red. Major global stock markets are also down as fears of second dip of recession are rising enormously.

Benchmark Indian stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed down today. Nifty closed under 5000 today.

National Stock Exchange's Nifty closed today at 4944.15, down 112.45 points. The broader index touched a low of 4932.12 during daytrade today.

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SENSEX | NIFTY closes up by over 1.5 percent

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It proved to be good day for Indian stock markets and investors as benchmark indices closed in green by over 1.5 percent. Both Bombay Stock Exchange's SENSEX and NSE'S broader index Nifty closed up by over 110 pts.

Sensex closed at 19470.98, up 349.15 points or 1.83 per cent. The 30-share index hit a high of 19484.77 intraday trading.

Company wise closing for SENSEX today:

Company Name	Industry	Last Price	Change	%Chg	Mkt Cap(Rs cr)	Weight
Bajaj Auto	Auto - 2 & 3 Wheelers	1,474.05	25.70	1.77	42,654.15	1.44
Bharti Airtel	Telecommunications - Service	380.45	4.65	1.24	144,477.03	4.87
BHEL	Engineering - Heavy	2,151.70	16.10	0.75	105,330.02	3.55
Cipla	Pharmaceuticals	322.00	4.30	1.35	25,854.07	0.87
DLF	Construction & Contracting - Real Estate	242.75	6.30	2.66	41,205.16	1.39
HDFC	Finance - Housing	713.55	18.40	2.65	104,669.70	3.53
HDFC Bank	Banks - Private Sector	2,371.60	23.55	1.00	110,332.92	3.72
Hero Honda	Auto - 2 & 3 Wheelers	1,743.95	-33.25	-1.87	34,824.50	1.17
Hindalco	Aluminium	214.00	8.55	4.16	40,968.12	1.38
HUL	Personal Care	284.05	7.10	2.56	61,339.80	2.07
ICICI Bank	Banks - Private Sector	1,111.30	21.10	1.94	127,957.55	4.31
Infosys	Computers - Software	2,905.50	18.80	0.65	166,819.74	5.62
ITC	Cigarettes	190.60	2.65	1.41	147,489.03	4.97
Jaiprakash Asso	Construction & Contracting - Civil	100.85	3.80	3.92	21,445.08	0.72
Jindal Steel	Steel - Sponge Iron	677.65	15.80	2.39	63,310.74	2.13
Larsen	Engineering - Heavy	1,706.10	-0.70	-0.04	103,697.61	3.49
Mah and Mah	Auto - Cars & Jeeps	763.00	36.70	5.05	46,843.63	1.58
Maruti Suzuki	Auto - Cars & Jeeps	1,265.90	15.35	1.23	36,573.12	1.23
NTPC	Power - Generation/Distribution	186.70	2.95	1.61	153,942.82	5.19
ONGC	Oil Drilling And Exploration	295.30	6.05	2.09	252,643.62	8.51
Reliance	Refineries	1,025.70	14.35	1.42	335,711.61	11.31
Reliance Comm	Telecommunications - Service	105.65	-2.15	-1.99	21,806.44	0.73
Reliance Infra	Power - Generation/Distribution	684.95	8.15	1.20	18,316.95	0.62
SBI	Banks - Public Sector	2,795.05	56.50	2.06	177,485.39	5.98
Sterlite Ind	Metals - Non Ferrous	174.20	3.60	2.11	58,559.10	1.97
Tata Motors	Auto - LCVs/HCVs	1,251.35	48.05	3.99	79,224.22	2.67
Tata Power	Power - Generation/Distribution	1,326.10	27.05	2.08	31,469.31	1.06
Tata Steel	Steel - Large	625.00	14.10	2.31	59,950.90	2.02
TCS	Computers - Software	1,218.80	53.95	4.63	238,546.09	8.04
Wipro	Computers - Software	463.90	13.50	3.00	113,817.87	3.84

Nifty closed at 5851.65, up 110.90 points. The broader index touched a low of 5759.65 in day trading today.

All of the sectoral indices at BSE closed in green BSE Auto Index was up 2.72 percent, BSE IT Index gained 2.39 percent and BSE Metal Index moved 2.32 percent higher.

Market breadth was positive on the BSE with 1962 advances against 951 declines.

The Bull v/s Bear daily fight - Market Updates - New Feature

Indian Stock Markets are very volatile as one day there would be bulls around and the next day the bears would take over. The bulls of stock markets are basically the optimistic investor whereas the bear has pessimistic approach to investing.
So i was planning to add a new feature to my blog titled "The Bull v/s Bear Fight".

So here I go starting the fight:

: seems like you are almost dead, I am seeing that you are in dormant state from last 4-5 days and people who feed you are almost finished, God bless bulls of stock markets, BEARS ARE HERE....ha ha aha!

: ha ha ha! grrrrhh!! look i am back and that too with a bang, profit booking is taking a toll on you nad has made you weak and lame.(11/5)

: Oh this is just an instantanous dip and tomorrow would be my day again as fundamentals are with me...(11/5)

: Hey ya i am talking to you ...where are you hiding your dirty face..look my days are back! It was just the time taken by the food to reach me from Europe and look now i have plenty to eat and have already increased my weight by 3 percent WHAT SAY?

: sob sob!! how can this happen No way it's just a spike i'll return back soon and kill you , it's just like i am going in hibernation state will be back...and fight again

: You moron look there is no respite for you i have spread my peers all over the world and they will soon finish you up....hahahahaha!!!


: oh no way it's just like my peers have gone for vacations and once they come back you will repent on your words and at that time there would be no mercy for you ...

: ha ha ha! look i am all over the world markets poor guy your fodder source Greece is now unber me and soon you will die...count your days....(5/5/2010)

: You are mistaken my friend no power in this world can stop giving me food it's just matter of few days as the clouds over Greece's bailout clears I would get ample food and the you have to hide in your cave...just watch and dont be arrogant. my glorious days are coming soon again.(5/5/2010)

Indian Markets closes up as banks and IT lead

(posted under - SENSEX rates, Nifty Stocks) - National Stock Exchange’s Nifty ended the day at 4829.55, up 10.15 points or 0.21 per cent. The index touched an intra-day high of 4856.15 and low of 4791.75.

Bombay Stock Exchange’s Sensex closed at 16,264.30, up 47.44 points or 0.29 per cent. The 30-share index hit a high of 16337.98 and low of 16130.32.

The BSE Midcap Index was down 0.13 per cent and BSE Smallcap Index declined 0.38 per cent.

BSE Bankex was up 1.47 per cent, BSE IT Index gained 1.11 per cent and BSE Capital Goods Index was up 0.60 per cent. BSE Realty Index was down 1.63 per cent and BSE FMCG Index moved 1.18 per cent lower.

SENSEX closes at 15,127 pts | NIFTY at 4550.95 both in green

(9/6/09 BSE | NSE closing) - Indian Market began trade lower in line with Asian markets but bullish sentiments prevailed and traders rushed in to buy stocks which were beaten down Monday. Comments from the Prime Minister Manmohan Singh that India can achieve growth rate of 8-9% on its own also boosted sentiments. Realty, IT and metals were the top performing sectors in today’s trade on high volumes. It can be said that speculators made huge bucks in two days of trading.

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Bombay Stock Exchange’s Sensex ended at 15,127, up 461.08 points or 3.14 per cent. The index touched an intra-day high of 15161.22 and low of 14526.69.

BSE Midcap Index was up 3.15 per cent and BSE Smallcap Index gained 1.67 per cent

National Stock Exchange’s Nifty closed at 4550.95, up 121.05 points or 2.73 per cent. The broader index hit a high of 4562.45 and low of 4365.10.

Biggest Sensex gainers were DLF (10.07%), Jaiprakash Associates (8.18%), Reliance Communications (7.37%), Larsen & Toubro (6.39%) and Ranbaxy Laboratories (6.37%).

Sensex recovers and closes at 15008 | Nifty at 4572

(4/6/09 - Sensex closing) - Bombay Stock Exchange’s Sensex closed above the psychological 15000 mark for the first-time in 9-months. The 30-share index ended at 15,008.68, up 137.78 points or 0.93 per cent. It touched an intra-day high of 15026.03 and low of 14599.43.

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-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
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National Stock Exchange’s Nifty ended at 4572.65, up 41.95 points or 0.93 per cent. The 50-share index hit a high of 4582.20 and low of 4453.45 during the day.

The BSE Midcap Index closed 2.26 per cent and BSE Smallcap Index moved up 2.20 per cent. Biggest Sensex gainers were Ranbaxy Laboratories (6.06%), Sun Pharmaceuticals (4.14%), Hindustan Unilever (3.73%), Reliance Infrastructure (3.39%) and Larsen & Toubro (3.3%). Sterlite Industries (-5.91%), Hindalco Industries (-3.54%), Tata Steel (-3.53%), Wipro (-1.26%) and Infosys Technologies (-1.15%) were the losers.

Market breadth on BSE showed 2,130 advances against 688 declines today.

Stocks of 400 cos rise 100 per cent

(Indian Stocks updates, BSE updates) - As many as 20 largecaps such as RIL, SAIL, M&M , Sterlite, ICICI Bank and 30 mid-caps like Sesa Goa, Dish TV, Suzlon, Pantaloon and Unitech are among the 400-odd stocks which have given over 100% returns, if you would had bought them at their lows, an analysis of CMIE data shows.

Also read -
-World's top 10 most valuable brands list
-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Out of the 2600-odd stocks listed on the BSE and NSE, 405 stocks have at least doubled their values from their 365-day lows touched in October last year. Simply put, one out every six stocks has gained over 100% from their one-year bottom.

When Sensex dipped to 7,697 on October 27 last year, many stocks such as Jindal Steel and Power crashed to their lows as investor sentiment went for a toss.

"With experts and governments hoping and implementing measures for a quicker recovery for the global economy, bulls have quickly turned the tables on bears and bought stocks across the board. This has led to an extreme appetite for stocks as many investors including foreign ones, even a few months ago were lying on the sidelines with their money," says the equity head of a foreign brokerage.

With sensex gaining momentum, the prices of many index constituents have gone up. From Rs 47 a share, the stock of Jaiprakash Associates now stands at Rs 138. Others like Sterlite have also gained — touching Rs 518 from 365-day low of Rs 164 (October 27). Tata Motors too has jumped from Rs 122 hit on November 20 2008, to Rs 272 at present.

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-TATA'S are more reputed then Google, MSoft
-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Amongst mid-caps (having a market capitalisation of between Rs 1,000 crore and Rs 5,000 crore), stocks such as Shree Global Trade Finance, Jai Corp, Lanco Infra, Shree Renuka and GVK Power have gone up over three times from their 365-day lows. With the stock markets losing steam and shape progressively from January 2009, many mid-caps and small-caps lost 50-60 % in less than two months.

Nifty ends higher due to strong global developments

(24/4/2009 - Nifty Updates) - Indian equity benchmarks rallied to end higher on Friday as bulls came out in the open following a strong opening of European markets. Traders also continued to cover short positions leading to further spike in the indices.

National Stock Exchange’s Nifty ended at 3480.75, up 57.05 points or 1.67 per cent from the previous close. The broader index touched high of 3491.35 and low of 3402.90 Bombay Stock Exchange’s Sensex ended at 11,329.05, up 194.06 points or 1.74 per cent. The index touched an intra-day high of 11362.88 and low of 11070.33.

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BSE Midcap Index outperformed the Sensex ending 1.86 per cent higher while BSE Smallcap Index closed up 1.71 per cent.

Market breadth was positive on the BSE with 1536 advances and 970 declines. Thanks to some good results shown by companies mainly Maruti Sazuki, Cipla and Ranbaxy labs

Maruti Suzuki India reported 18.5 per cent drop in quarterly net profit, missing the forecast, due to higher raw material costs and inventory. Maruti’s net profit rose to Rs 2.43 billion in the fourth quarter ended March from Rs 2.98 billion reported in the same period year earlier. The stock ended flat at Rs 802.25 on the BSE.

-BSE aims at internationalization of listing businessNEW !!
-Effect of Recession on Indian Economy
-Economies hit by recession
-World's Strongest economies list

Ranbaxy Laboratories’ Q1 standalone net sales was down at Rs 802.22 crore against Rs 987.29 crore in the same period a year ago. Standalone net loss was at Rs 777.78 crore against net profit of Rs 103.42 crore during the same period previous year. The share closed 2.42 per cent lower.

Cipla’s Q4 standalone net profit was up 40.89 per cent at Rs 252.9 crore from Rs 179.5 crore in the same quarter a year ago. Standalone net sales was up10.08%, to Rs 1,235.2 crore from Rs 1,122.1 crore. The scrip closed 3.59 per cent higher.

posted under - Nifty updates, Nifty stocks, BSE updates, Indian Markets updates, Nifty closing 

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.

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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.

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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

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

Indian Stock Markets eroded nearly rs 20 trillion in fiscal year 2008-09

Investors witnessed an erosion of close to Rs 20 trillion from their wealth in the financial year 2008-09, with the Dalal Street crumbling
under the pressure of the global economic downturn, while Reliance Industries emerged as the biggest loser in the period.

The combined market valuation of all the listed companies in the country dropped to Rs 30,86,075 crore on the last day of this fiscal as against Rs 49,72,953.37 crore on March 31, 2008, leading to a loss of over Rs 18,86,000 crore during the period.

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The country's most valued firm corporate behemoth ,Reliance Industries, saw an erosion of close to Rs 89,460 crore from its market valuation during the fiscal ended March 31, 2009.

Interestingly, the Bombay Stock Exchange's benchmark index Sensex, which accounts for around 48 per cent of the market capitalisation of all the listed companies, has suffered a loss of nearly Rs 10,00,000 crore for the fiscal ending March 31, 2009.

Besides, in dollar terms the total loss of market valuation comes out be significantly more as the Rupee has depreciated from Rs 40.02 per dollar on March 31, 2008 to about Rs 50.86 at present. The loss calculated in terms of the respective conversion rates at the two particular dates comes out to be as much as USD 636 billion.

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-US Economic recession-how it started

Further, Foreign Institutional Investors have also played spoilsport for Indian equity markets as they have pulled out a whopping Rs 50,000 crore in FY' 2008-09 due to the liquidity crunch back home.

However, analysts predict elections are going to be the deciding factor for the way the domestic stock market would move forward in the next financial year as a stable government could prove positive for the Dalal Street.

we'll i m keeping my fingures crossed for atleast next 6 months or so.....

posted under - Indian stocks, indian markets updates, BSE updates, indian share markets, 2008-09 year, recession effect on market, indian markets and recession

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

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

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.

Also Read :
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-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 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.

Also Read :
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-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
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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

BSE to decide on rise in stakes of Deutsche, Singapore SEs

Bombay Stock Exchange will decide on letting Deutsche bourse and Singapore Stock Exchange increase their stake after the provision to the effect is made in the regulations, official sources said on Saturday.Currently, these two exchanges hold five per cent equity each in the BSE.

Sebi recently announced raising the equity holding limit in stock exchanges for certain entities like banks, insurance companies, depositories and stock exchanges from five per cent to 15 per cent.

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Jagdish Capoor, non-executive chairman of BSE said the exchange will decide on increased stake for the two exchanges after the required provision is made (in the regulations).

When asked about the issues discussed at the meeting, he said, "there is nothing in particular for public domain. We discussed usual business issues."

posted under - BSE updates, BSE stocks, bombay stock exchange, indian markets updates, BSE, BSE live, BSE rates
source - www.economictimes.com

Top Companies lose whopping Re 72000 cr in Mkt capitalization

The country's top 10 companies have witnessed an erosion of about Rs 72,000 crore from their market capitalisation in a week, with Reliance Industries' valuation again dipping below the Rs 2,00,000-crore mark.

However IT major's Infosys, Wipro, TCS increased their value of market capitalization because may be investor's have already started thinking that theses three IT elephants would eat up Satyam's client in near future and so they are optimistic on stocks of TCS, Infy, Wipro.My Advice is to bet on tech outsourcing companies for a minimum of 1year time and see the returns you get for sure after 1 year time stamp is over.

During the week, the market capitalisation of top 10 firms -- comprising five each from public and private sectors -- witnessed an erosion by Rs 71,793 crore in their valuation to Rs 10,20,313 crore.

The market capitalisation of the 10 companies as on January 2 was at Rs 10,92,106 crore. During the week, the Mukesh Ambani-led firm's valuation dipped to Rs 1,81,152 crore, an erosion of Rs 20,908 crore during the week's time. The corporate behemoth had a market capitalisation of Rs 2,02,060 crore in the week ago period.

The company also witnessed a 10 per cent plunge in its share price during the week to settle at Rs 1,151.05 on Friday. The shuffling in the premier category of these 10 coveted companies saw state-run NMDC falling out of it after losing Rs 16,711.21 crore in a week, while BHEL taking its place at the seventh spot. Also Infosys climbed up to the eighth spot from 10th last week. Hindusthan Unilever entered the coveted club at the 10th place.

posted under - India's top companies, BSE updates, mkt capitalization of RIL, indian markets updates, Satyam fraud updates, Indian IT sector updates, investing in india, indian markets trends.

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

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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-World's Strongest economies list
-Trouble in Indian Forex
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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