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.

RIL drags BSE SENSEX | NIFTY closes in red

Bombay Stock Exchange's Sensex closed at 17406.71, down 120 points or 0.68 per cent. The index touched a high of 17612 and low of 17392.55.

National Stock Exchange's Nifty ended at 5205.35, down 44.05 points or 0.84 per cent. The 50-share index hit a high of 5300.50 and low of 5200.95.

BSE Midcap Index closed 1.19 per cent lower and BSE Smallcap Index slipped 1.11 per cent.

Amongst the sectoral indices, BSE Realty Index was down 3.05 per cent, BSE Metal Index slipped 2.29 per cent and BSE Bankex slipped 1.97 per cent. BSE IT Index was up 3.70 per cent.

Shares of IT sector were buzzing on the back of encouraging results from Infosys Technologies. The company reported 2.29 per cent rise in net profit to Rs 1471 crore for the quarter ended Dec 31, 2009 as against Rs 1438 crore in the sequential period, way ahead of analyst expectations. Net sales were reported at Rs 5335 crore for the Dec quarter compared with Rs. 5201 crore in the previous quarter.

SENSEX | NIFTY closes up > touches 52 week high

(posted under - BSE rates, BSE closing, SENSEX rates) - Bombay Stock Exchange’s Sensex closed at 17,686.24, up 127.51 points or 0.73 per cent. The index touched an 52-week high of 17729.78 and low of 17555.77.

BSE Midcap Index was up 1.2 per cent and BSE Smallcap Index gained 0.85 per cent. Amongst the sectoral indices, BSE Metal Index moved higher by 3.82 per cent, BSE Realty Index advanced 1.14 per cent and BSE FMCG Index moved up 0.87 per cent. BSE Auto Index was down 0.25 per cent.

Market breadth was positive on the BSE with 1768 advances and 1119 declines.

National Stock Exchange’s Nifty ended at 5277.90, up 45.7 points or 0.87 per cent. The broader index hit a 52-week high of 5288.35 and low of 5242.40.

NIFTY | SENSEX closes in deep red as bears reign on Indian Markets

(Nov 19 SENSEX rates) - Indian Share markets closed in deep red today as major stocks saw heavy selling BSE realty index was down by over 4 percent.
Also read - Future World Economy
Sensex ended at 16,785.65, down 213.13 points or 1.25 per cent. The index touched an intra-day low of 16,712.33 and high of 17,004.98.

NSE's Nifty closed at 4989, down 65.7 points or 1.3 per cent. The 50-share index hit an intra-day low of 4963.70 and high of 5053.45.

Sectoral index	Closing remarks
BSE Midcap Index	Down 1.67 %
BSE Smallcap Index	Down 1.08 %
BSE Auto Index	Down(-0.13) %
BSE Bankex	Down(-1.96) %
BSE Oil&gas Index	Down(0.71)%
BSE Realty Index	Down(-4.36) %

Market breadth on BSE remained negative with 1667 declines against 1052 advances.

BSE's SENSEX | NIFTY closes flat after yesterday's rally

(17/11/09 posted under Indian Share Markets | BSE rates) Major indian stock indices including 30 share benchmark index SENSEX and broader index NIFTY closed flat after a strong yesterday's rally.

Sensex was at 17,050.65, up 18.14 points or 0.11 percent at closing today. The 30-share index hit a high of 17080.17 and low of 16882.98. where as NSE’s Nifty ended at 5062.25, up 4.2 points or 0.08 per cent. The index touched a low of 5010.15 and high of 5074 in today’s trade.

Sectoral performance of the day :

Sectoral index	Closing remarks
BSE Midcap Index	Down 0.08 %
BSE Smallcap Index	Up^0.22 %
BSE Auto Index	Down(-0.13) %
BSE IT Index	Up^2.02 %
BSE Bankex	Up^0.34 %
BSE Oil&gas Index	Down(0.71 %)
BSE Realty Index	Down(-1.19) %

Indian Stock markets closes up SENSEX above 17K | Nifty above 5K

(posted under - BSE rates, BSE live - 16/11/09) - Major Indian Stock markets closed in green territory today as industrial output data was on a rise. The key index BBSE's SENSEX closed above 17000 mark and NSE's Nifty closed above 5000 mark.

Bombay Stock Exchange’s Sensex closed at 17,011.67. The 30-share index hit a high of 17,083.20 and low of 16,893.11 intraday.

National Stock Exchange’s Nifty ended at 5050.90, up 51.95 points or 1.04 per cent. The broader index hit a high of 5073.20 and low of 4994 during the day.

BSE Midcap Index gained 1.14 percent and BSE Smallcap Index moved 1.22 percent higher.

The sectoral updates at closing today is as follows:

BSE Realty Index	Up^3.15 percent
BSE Auto Index	Up^2.90 percent
BSE Metal Index	Up^2.41 percent
BSE IT Index	Down(-0.28 percent)

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

Market attracts 1 lakh new investor's

The total investor wealth, measured in terms of cumulative market capitalisation of all the listed companies, has soared to about Rs 51,00,000 crore. This represents a gain of about Rs 23,00,000 crore from the level seen in later October last year, although it is still about Rs 20,00,000 crore below the peak seen in January 2008.

A total of about 1.2 lakh new stock market investors opened their demat accounts, which is necessary to trade in equities, during the month of May, according to data available with the two depositories, National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL).

This has increased the total number of demat accounts in the country to over 1.5 crore.



The market experts believe that the inflow of a large number of new investors into the market could be attributed the sharp surge in the recent months as well as expectations for revival of the IPO market with some fundamentally-sound public issues by the government-run companies.

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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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

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 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

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.

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.

Emerging market funds lose sheen

Major emerging market fund groups recorded outflows during the fourth week of August with EMEA (Europe, Middle-East, Africa) equity funds hit the hardest in percentage terms, according to Emerging Markets Portfolio Funds Research.

Investors pulled money out of the diversified Global Emerging Markets (GEM) Equity Funds for a fifth-straight week and extended Latin America Equity Funds’ losing run to 12 weeks and $4.1 bn. Since the second week of June, EPFR Global-tracked Emerging Market Funds have surrendered a net $23.1 bn, the note said.

Appetite for exposure to emerging markets has been eroded by a sharp correction in commodity prices during the current quarter, a string of downward revisions to economic growth forecasts and painfully high inflation rates in several key markets including Russia, India, South Africa and Argentina. Investors still have appetite for direct exposure to China, although the $175 mn they committed to China equity funds was more than offset by redemptions from Asia (excluding Japan) equity funds, Greater China equity funds, India equity funds and Taiwan equity funds.

The abrupt loss of enthusiasm for Russia, fueled by state pressure on firms in “strategic sectors” and the recent incursion into Georgia, has played a role with outflows from Russia equity funds since late June exceeding $800 million, the EPFR note says. And since late June investors have pulled nearly $4 bn out of the Emerging Europe equity funds, which currently maintain a 42% weighting to Russian equities.

- Economic Times