India's first currency derivatives exchange (USE) gets SEBI's approval

(posted under - USE India, United Stock Exchange) - So finally india's first currency and interest rates derivatives exchange USE(United stock exchange) got approval from SEBI for trading in currency and interest rate derivatives.

The approval was received after USE complied with all regulatory norms as specified by SEBI. United Stock Exchange has been given a very enthusiastic response from the market already wherein they received over 100 forms within few days of receiving the final approval. Both the Banking Fraternity and Broking Community have immense faith in United Stock Exchange declaring it a major competition to existing exchanges even before launch.

You may want to recall that in august 2009 ( read full post) Bombay Stock Exchange Limited (BSE), picked up 15% stake in United Stock Exchange (USE). USE, which will operate as a BSE Group Company, now brings together a consortium of key stakeholders - the exchange, banks, financial institutions - to drive the development and growth of the currency and interest rate derivatives markets.

Balance sheet for BSE ltd FY 2009-10 audited

Balance sheet of Bombay Stock Exchange ltd for finanacial year 2009-10 is as follows:

	Audited
Particulars	Quarter ended 31-03-2010	Quarter ended 31-03-2009	Year ended 31-03-2010	Year ended 31-03-2009
	Rs. in Crores
Average Daily Turnover	4,989	3,299	5,651	4,527

Income from :
- Trading Members	28.90	24.42	134.44	123.70
- Investment & Deposits	48.53	58.72	245.72	221.82
- Services to Corporates	18.45	6.24	59.15	29.24
- Training Institute	1.67	1.70	5.81	7.08
- Other Income	12.26	13.47	40.09	39.25
Total Income	109.81	104.55	485.21	421.09

Expenditure :
- Employee Costs
Salaries, Allowances and Bonus	8.50	5.14	37.42	22.72
Staff Welfare Expenses	3.98	1.18	5.67	4.15
Contribution to Provident and Pension Funds	0.81	0.44	2.33	1.73
Arrears of above Employee costs	----	----	4.26	----
Contribution to Gratuity Funds	3.28	0.53	3.28	0.53
Compensated Absence	1.36	0.04	2.90	0.36
- Computer Technology Related Expenses	16.62	15.41	60.63	48.16
- Advertising & Market Development Expenses	0.10	(2.90)	1.54	3.95
- Administration & Other Expenses	12.75	11.79	44.09	44.27
- Depreciation	6.67	7.92	34.89	29.20
Total Expenditure	54.07	39.55	197.01	155.07

Profit Before Tax	55.74	65.00	288.20	266.02
Tax Expenses	10.96	17.03	75.26	53.84

Profit After Tax	44.78	47.97	212.94	212.18
Earning Per Share – Basic & Diluted (in Rs.)	4.19	4.26	18.30	18.67
Paid-up Equity Share Capital (Face Value Re.1/-)	10.33	10.31	10.33	10.24
Reserves	----	----	1,881.74	1,717.95

download original copy
source - bseindia.com

BSE | NSE closing rates - 22-april-2010

(posted under - BSE rates, NSE live) - Indian Stock markets closed in green today as RIL and SBI lead the 30 share index.
Bombay Stock Exchange’s Sensex closed at 17,573.99, up 101.43 points or 0.58 per cent. The index touched a high of 17778.34 and low of 17408.02.

National Stock Exchange’s Nifty was at 5269.35, up 24.45 points or 0.47 per cent. The broader index hit a high of 5331.80 and low of 5221.10. BSE midcap index was however in red but all the other sectoral indices closed in green.

The Sectoral updates for the day at closing is as follows:

Sectoral index	Closing remarks
BSE Midcap Index	Down 0.07 %
BSE Smallcap Index	Down 0.07%
BSE Auto Index	Up^0.9%
BSE Bankex	Down(-1.96) %
BSE Oil&gas Index	Up^1.25%
BSE Realty Index	Down(-1.34) %

Biggest Sensex gainers were State Bank of India (5.58%), Tata Motors (3.34%), Hindustan Unilever (2.09%), Reliance Industries (2.03%) and Jaiprakash Associates (1.73%).
Market breadth on BSE ended on a positive note with 1493 advances against 1404 declines.

Back with a bang!!

hello everyone , i am back and would start updating with the bse and NSE analysis , It was a long break almost two months since i last posted....
so happy trading....and cheers!! and yes life has changed from bachelor hood to married man :)

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.

Top companies loose on Market Capitalization

A whopping Rs 73,000 crore was eroded from the market capitalisation of seven of the top 10 firms last week and during the period the benchmark Sensex fell below the psychologically crucial 17,000-mark.

The country's largest iron ore producer NMDC, which will come out with a follow-on public offer to divest 8.3 per cent, was the biggest gainer. It jumped to the third place from fourth in the list of top 10 companies going by their market valution. NMDC added Rs 21,429.21 crore to its valuation to end the week at Rs 2,11,120.28 crore.

Mukesh Ambani-led Reliance Industries, the biggest company by m-cap, also lost Rs 18,421.28 crore. Its valution stood at Rs 3,46,126.17 crore at the end of of the week.

The state-run power behemoth NTPC slipped to fourth place from third after losing Rs 8,245.46 crore. Trading firm MMTC down by Rs 8,733.75 crore is at the fifth place. Its total valuation declined to Rs 1,83,461.49 crore.

Another PSU MMTC's m-cap dipped to Rs 1,75,675.25 crore. Software giants TCS and Infosys Technologies together lost Rs 13,053.11 crore.

TCS is at the sixth place at Rs 1,47,788.17 crore and Infosys at Rs 1,47,574.71 crore is at seventh place. Country's largest public sector lender SBI, eighth in the list, witnessed an erosion of Rs 3,415.65 crore, bringing its total valution to Rs 1,32,702.62 crore.

Private telecom services provider Bharti Airtel Bharti Airtel's stood at ninth spot with a total valuation of Rs 1,21,996.32 crore. Bharti Airtel posted 2.3 per cent rise in third quarter profit at Rs 2,210 crore.

However we can see better days ahead :) my fingers are crossed

SENSEX | NIFTY closes down as L&T, Seimens drag

(posted under BSE live, NSE Live)-Bombay Stock Exchange’s Sensex closed at 17050.67, down 423.82 points or 2.43 per cent. The 30-share index hit a low of 17025.26 and high of 17474.49.

BSE Midcap Index was down 2.34 per cent and BSE Smallcap Index slipped 2.47 per cent.

All the sectoral indices were in the red. BSE Capital Goods Index was down 5.17 per cent, BSE Power Index declined 3.52 per cent and BSE Realty Index slipped 2.88 per cent.

National Stock Exchange’s Nifty ended at 5093.60, down 128.10 points or 2.45 per cent. The broader index touched a low of 5085.45 and high of 5220.35.

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.

BSE Holidays list 2010

Following is the list of official holidays for BSE for the year 2010:

New Year	Friday	January 1, 2010
Republic Day	Tuesday	January 26, 2010
Mahashivaratri	Friday	February 12, 2010
Holi	Monday	March 1, 2010
Ram Navmi	Wednesday	March 24, 2010
Good Friday	Friday	April 2, 2010
ambedkar jayanti	Wednesday	April 14, 2010
Ramzan Id	Friday	September 10, 2010
Diwali	Friday	November 5, 2010
Bakriid	Wednesday	November 17, 2010
Mohurum	Friday	December 17, 2010

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 flat - 6/1/2010

(posted under - BSE rates, sensex rates) - Bombay Stock Exchange’s Sensex was flat at 17,701.13, up 14.89 points. The 30-share index hit a high of 17790.33 and low of 17636.71.

Nifty ended at 5281.50, up 3.9 points. The index touched crossed psychological resistance level to touch 52-week high of 5310.85 and low of 5260.05.

BSE Midcap Index was up 0.68 per cent and BSE Small cap Index moved 0.44 per cent higher.

Market breadth remained positive on the BSE with 1493 advances and 1402 declines.

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.