EarthQuake jolts World Stock markets | SENSEX NIFTY in red

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Indian Stock markets like Bombay Stock Exchange and National Stock Exchange saw selling activities. Both SENSEX and NIFTY closed lower today.

The 30 component Sensex closed at 18174.09 down 153.89 points. The large-cap index touched a low of 18063.29 in intraday trading immediately after Earthquake news.

Nifty closed at 5445.45, down 48.95 points today. The broader index touched a high of 5502.70 in day trading.

Sectorwise Performance of BSE:
BSE Metal Index fell 1.91 percent lower, BSE IT Index slipped 1.49 percent and BSE Power Index was down 1.49 percent. BSE Oil&gas Index was up 0.81 percent and BSE FMCG Index was up 0.03 percent.

Indian Stocks close in red | LIC housing, PNB, Central bank nosedives

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As news about CBI arresting some of the top management of LIC housing finance, Punjab National bank and Central bank over scam in home loans allotment reached the Dalal Street, The impact was immediate. Stock prices of the LIC housing finance tumbled and were down by a whopping 18.88 percent, whereas stock prices of other PSU banks also nosedived as investors wanted to safeguard their money. Stock prices of Central Bank of India nosedived by over 8 percent and that of Punjab national bank also fell by 2.33 percent at closing today. Makes me think whether all the PSU's working is crystal clear?? I think if we investigate each and every PSU balance sheets there would be inflated numbers in liabilities for sure which actually might not exist at all, so people who have invested in PSU thinking as safer option might lose their money until government of India finally take over them for safeguarding the stakeholders...what an Irony in indian stock markets.

Already Indian stock markets are the most volatile stock markets of world and such news further makes the investors think whether the present price levels are actually fit or are overpriced, Investing in such volatile conditions requires great analytic acumen and the 3 most important tips for investing in volatile markets(read full post)

Coming back to the stock market's todays report, the impact was obvious BSE bankex fell by nearly 3 percent today. The Bombay Stock Exchange's benchmark index Sensex closed at 19459.85, down by huge 231.99 points. The 30-share index touched high of 19835.57 during intraday trading today.

The broader index National Stock Exchange's Nifty was no different and closed at 5865.75, down by 69 points and touched a low of 5833.60 in day trading today.

The stock prices of all the PSU's whose working is under CBI radar are all set to fall further tomorrow as well until the finance ministry makes some strong statement for protecting the shareholder's interests.

BSE | NSE witnessing lackluster trading

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Major Indian stock indices like Bombay Stock Exchange's SENSEX and National stock exchange's NIFTY are prsetly witnessing lackluster trading sessions today. Both 30 component SENSEX and broader index NIFTY are marginally down wit Banks, Information technology and Capital Goods stock bringing the key index in red.

Bombay Stock Exchange’s Sensex was at 20286.38, down 16.74 points. However the Midcap index was slightly up in intraday trading today.

National Stock Exchange's NIFTY is don by just 2.65 points and is currentlyat 6103 levels thua maintaining abov 6100 leves as o now.

Bse SENSEX | NIFTY rise in opening trade

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Bulls are all present at the Dalaal street today at opening hours trading of BSE and Nse as bothe Sensex and Nifty are up by slightly less then one percent today.

Most of the buying is seen in stock of Tata Steel and Bharti while other sub indices are also up at Bombay Stock Exchange which is oldest Stock market in Asia.

Hero Honda, Hindustan Unilever, Reliance Infrastructure are in red today, while Bharti , Tata steel, Rcom, Maruti Suzuki, Jaiprakash Asso, ICICI Bank, and Tata Motors are in green.

Investors are showing some promise while the global market space still looks very gloomy, may be this is just because of making some profit booking tomorrow.
HAPPY TRADING.

BSE SENSEX | Indian Stock markets ready for correction

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If we go by the predictions about global stock markets prevailing in market, then a correction in Indian stock markets is bound to happen next month...it's a rumor though but who knows if the prediction comes true.

If we see some correction in indian stock markets(while it follow it's global peers) or the second dip in global markets (read full) next month(as the prediction goes) then Sensex might come at levels of 15000 to 16000. Which looks the correct valuation of Indian markets looking at economic conditions presently.

Then RIL should be the worst stock to fell and it would become the best time for longterm investors to invest in correct valued stock after the fall in september 2010.

Indian Markets closes in green - 20/5/2010

Bombay Stock Exchange’s Sensex was at 16519.68, up 111.19 points or 0.68 per cent. The index touched a high of 16617.80 and low of 16419.10 in today’s trade.

National Stock Exchange’s Nifty ended at 4947.60, up 27.95 points or 0.57 per cent. The broader index hit intraday low of 4924.30 and high of 4980.25 BSE Midcap Index was down 0.05 and BSE Smallcap Index slipped 0.55 per cent.

Amongst the sectoral indices, BSE Oil&gas Index advanced 1.79 per cent and BSE Healthcare Index moved 1.14 per cent up. BSE Realty Index declined 2.04 per cent.

BSE SENSEX follows global markets | Closes in red

Euro zone trouble seems to be never ending trouble as of now! Indian Stock Markets closed in deep red as investors seem to become uncertain about the Euro zone crises and sold there stocks. Thus Bombay Stock Exchange’s Sensex closed at 16835.56, down 159.04 points or 0.94 per cent. The 30-share index hit intra-day low of 16551 and high of 16961.92.

National Stock Exchange’s Nifty also followed and ended at 5059.90, down 33.60 points or 0.66 per cent. The index touched a low of 4966.25 and high of 5094.55 in today’s trade.

The closing prices of major sectoral indices for today(17/5/2010) is as follows:

NIFTY	5059.90
SENSEX	16835.56
MIDCAP	0.21 percent
BSE Capital goods	2.80 percent
BSE AUTO	1.27 percent
BSE Oil&Gas	1.85 percent
BSE SMALLCAP	0.68 percent

Indian Stock markets ends in green after 6 days of losses

Major Indian Stock markets including (BSE's SENSEX, NSE's NIFTY 50) closed in green as almost all the sectoral indices were in green throughout the trading day.

Related post -
November 2009 closing rates

NSE's Nifty closed at 4710.80, up 146.90 points or 3.22 per cent. The index touched a high of 4717.80 and low of 4565 during trade.

Sensex also closed up at 15,912.13, 507.19 points or 3.29 per cent. The broader index hit a high of 15929.09 and low of 15487.97 intraday.

SECTORAL INDICES PERFORMANCE:

BSE Midcap Index was up 3.54 per cent and BSE Smallcap Index moved 2.18 per cent higher. BSE Realty Index surged 9.65 per cent, BSE Metal Index rallied 5.36 per cent and BSE IT Index moved 3.99 per cent higher.

Market breadth was positive on the BSE with 1,774 advances and 946 declines.

Sensex may fall to 11450 if 11750 is breached

One of the reputed securities firm advises investors to be a gradual investor at major support levels like 3510 and 3350 on the Nifty with a medium term view in mind. On intra-day basis, it expects the Sensex to trip to 11450 if it fails to hold on to 11750 support. Here one can take fresh long trades and make partial investments in the market.

Also read -
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-BSE aims at internationalization of listing businessNEW !!
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“The market remained in a very narrow range through out the week with a huge volatility inside the range. This suggests us that the market is at paused levels and is deciding which side the go. However, the break of range on the "lower side" will readjust the prices of many index heavy weights and may strengthen the current on going trend of the market. On failure to do so and upward break out may compel long traders to trade long with a high risk in the market.

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

Here we are calling it "high risk" for long traders because, the risk reward ratio is not suitable to trade long above 3700/ 12300 levels in the near term as the confidence levels may below above those levels. If we take the reading of major oscillators then we may say that they are diverging negatively to the price. Second, the prices are at their major resistance levels without any major correction since 3300 levels. Third the final countdown to the current elections will start and that will keep the sentiment mixed at higher levels. And last but not least is that the world markets are also on the verge of completion of the current rally as they are also near to their major resistance levels and are due for temporary correction in the near term.

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
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-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

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.

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 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.

Also Read :
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-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

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.

Also Read :
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-Economies hit by recession
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-Indian Economic Summit Updates
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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.

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

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 | NSE | Dow Jones | NASDAQ August 2008 rates

August 29, 2008 - FRIDAY Closing rates :


SENSEX - Closing rates - 14564.53 - Up^516.19

NIFTY - Closing rates - 4360.00 - Up^146.00

NASDAQ - Closing rates - 2367.52 - Up^29.18

DOW JONES - Closing rates - 11543.55 - Up^212.67


August 22, 2008 - FRIDAY Closing rates :


SENSEX - Closing rates - 14401.49 - Up^157.76

NIFTY - Closing rates - 4327.45 - Up^43.60

NASDAQ - Closing rates - 2380.38 -Down(-8.70)

DOW JONES - Closing rates - 11430.21 - Up^12.78


August 21, 2008 - THURSDAY Closing rates :


SENSEX - Closing rates - 14243.73 - Down(-434.50)

NIFTY - Closing rates - 4283.85 - Down(-131.90)

NASDAQ - Closing rates - 2389.08 - Up^4.72

DOW JONES - Closing rates - 11417.43 - Up^68.88


August 14, 2008 - THURSDAY Closing rates :


SENSEX - Closing rates - 14645.66 - Down(-78.52)

NIFTY - Closing rates - 4393.05 - Down(-37.65)

NASDAQ - Closing rates - 2452.52 - Down(-1.15)

DOW JONES - Closing rates - 11659.90 - Up^43.97


August 14, 2008 - THURSDAY Closing rates :

SENSEX - Closing rates - 14724.18 - Down(-368.94)

NIFTY - Closing rates - 4430.70 - Down(-98.35)

NASDAQ - Closing rates - 2452.52 - Down(-1.15)

DOW JONES - Closing rates - 11659.90 - Up^43.97


August 12, 2008 - TUESDAY Closing rates :

SENSEX - Closing rates - 15212.13 - Down(-291.79)

NIFTY - Closing rates - 4552.25 - Down(-68.15)

NASDAQ - Closing rates - 2439.95 - Up^25.85

DOW JONES - Closing rates - 11782.35 - Up^48.03


August 11, 2008 - MONDAY Closing rates :


SENSEX - Closing rates - 15503.92 - Up^336.10

NIFTY - Closing rates - 4620.40 - Up^90.90

NASDAQ - Closing rates - 2414.10 - Up^58.37

DOW JONES - Closing rates - 11734.32 - Up^302.89




August 6, 2008 - FRIDAY Closing rates :


SENSEX - Closing rates - 15167.82 - Up^50.57

NIFTY - Closing rates - 4529.50 - Up^5.65

NASDAQ - Closing rates - 2355.73 - Down(-22.64)

DOW JONES - Closing rates - 11431.43 - Down(-224.64)



August 6, 2008 - WEDNESDAY Closing rates :

SENSEX 15073.54 - Up^112.47

NIFTY 4517.55 - Up^14.70

Dow Jones 11615.77 - Up^31.62

NASDAQ 2349.83 - Up^64.27

August 4, 2008 Closing rates :


SENSEX 14577.87 - Down(-78.82)

NIFTY 4395.35 - Down(-18.20)

DJIA 11326.32 - Down(-51.70)

NASDAQ 2310.96 - Down(-14.59)