BSE highlights for today

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As Bombay Stock Exchange witnessed a lackluster day today, Following are the major news from the Bombay Stock Exchange for today:
for detailed analysis of today - click here

1. Stock Prices of Mahindra Satyam are up by over 2 percent today at BSE.
2. ADAG Group has investment plans for some 125000 crore lined up moving Reliance power and RCom up today at BSE.
3. HDFC bank stocks down by over 1 percent.
4. Seimens, ABB stock prices rises.
5. Price hike news boosts mahindra and Mahindra up by 2.5 percent

HAPPY TRADING!!

SENSEX witnesses dull day - closes down

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The benchmark 30 stock SENSEX and other major stock indices in india witnessed a lackluster day today and finally closed slightly in red at EOD. The major attraction was Anil Ambani's ADAG has made investment plans of tune of 125000 crore lined up, hence the stock prices of ADAG group companies(RCom, Reliance Power) were up today. NTPC and DLF were two other stock which closed in green rest all the stocks were in red throughout the day.

At end of the day Sensex ended at 20112.50, down 4.88 points thus witnessing a lackluster day. The broader Index National Stock Exchange Nifty closed at 6034.50, down 1.15 points which is just 0.02 percent and similar to SENSEX closing today.
BSE's IT index closed in red as did the Oil and Gas companies stock prices.

Checking the sectoral indices of Bombay Stock Exchange -
BSE Midcap Index closed up by 0.25 percent, Oil and gas index was down by 0.64 percent, BSE Power Index gained 1.17 percent today backed by increase in Reliance Power prices however BSE Capital Goods Index closed up by 0.97 percent higher. BSE IT Index closed in red by 0.48 percent.

At Bombay Stock Exchange Market breadth was negative today with 1643 declines and just 1344 gainers.

Investing tips for IPO's in Indian stock markets

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Initial Public offering of any upcoming company is very crucial both for company's growth as well as for investors confidence, These days there are lots of IPO's arriving in stock markets but all of them are not the best companies or consist of best management.

So investor should follow atleast these tips for investing in IPO:

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An Investor should first know how the management of the company is as this is the single most important factor which comes into play for growth of the company.

Investors should not be misguided by the advertisements in newspapers about the company whose IPO is to come as these advertisements show wrong picture of the company, And we cannot trust advertisements in world where print media is on sale and has lost values, Even the best selling English daily in India tops the list of improper and wrongly edited news, To keep a check on these false advertisements by the IPO companies SEBI is going to change guidelines for advertising by companies and this would make sure that the facts shown in advertisement is same as that in Red herring prospectus of the IPO, you can read full post here.

And lastly the most important tip for IPO investing is that you should wait for atleast 3 to 4 days before purchansing the shares as in 3-4 days the hype of IPO created would settle and true picture of interest being shown by investors would be in place.

For Initial Public offering of very large companies it will be a high profile event, which will attract a large number of institutional fund managers as well as smaller private investors to put their money into the IPO Such IPO's follow an upward trends for few sessions until coming back to original levels and even below that, looking at the sentiments, The biggest such IPO failure is ADAG's RNRL which was so much oversubscribed due to the Reliance factor but company could not flourish at all, So one should be very careful, although chances of such huge failures are very less.

Just follow these very basic IPO investing tips if you want to make your investment in IPO's a real profitable one.

IPO Advertisement rules to be changed - SEBI

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The latest news from SEBI is that the rules for IPO advertising are all set to change as the Securities Exchange Board wants it to be inline with the Red herring Prospectus for that IPO, currently many IPO's give advertisement which is false and misguides investors who are new to share markets.

Related Post:
Tips for investing in IPO

So we will now see a tightened set of guidelines for an Companies IPO which maches with the draft of the Red herring prospectus for the IPO. Thus helping the investors in knowing the true picture of the company whose IPO is being floated in market.

Hence merchant bankers should become careful and more responsive now onwards.

FII'S comeback pushes SENSEX | Nifty up

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Foreign institutional investors invested in indian markets thus showing the confidence in Indian stocks markets which would rise further now, European markets are still looking skeptical and are running almost flat.

Indian Stock indices like Bombay Stock Exchange's SENSEX and National stock exchange's Nifty are now maintaining levels of above 20000 and 6000 respectively, looks like Realty sector is getting heated up as is looking very bullish at current levels, however I think still some correction is inevitable in coming days as other foreign peers are showing stagnation signs. and might be Indian markets are overpriced at current levels. stock prices of IT companies are also showing growth as US and UK companies are showing more interest in outsourcing by cutting costs.

oming to yesterdays close Sensex ended at 20045.18 and NSE'S Nifty closed at 6018.30, up 58.75 points which is nearly 1 percent.

Profit booking pulls BSE SENSEX | Nifty down today

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Major Indian stock markets closed lower today as investors booked profits from two weeks of rally, Both Bombay Stock Exchange's Sensex and National Stock Exchange's Nifty closed in red today.

Sensex closed under the psychological mark of 20000 and NSE's Nifty also closed under 6K mark in today's trading

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About United Stock Exchange

The 30 component Sensex closed at 19,940.02, down 61.53 points. The benchmark index touched intra-day low of 19,804.02 and high of 20,105.54 during day trading today.

Analysing sectoral indices today both BSE Midcap Index closed down 0.39 percent and BSE Smallcap Index closed down by 0.23 per cent.

BSE Realty Index closed lower by 1.69 per cent, BSE IT Index also followed by 1.31 percent slip and BSE Oil&Gas Index declined by over 1 percent.

Reliance Communications, DLF, TCS headed the list of todays losers, whereas Maruti Suzuki, HDFC lead the list of those in green.

National Stock Exchange's broader index Nifty also closed under the psychological mark of 6000 and was at 5981.80 at closing and touched high of 6037.40 in intraday trading

SENSEX crosses 20000 points closes at 20001.55

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The 30 stock benchmark index SENSEX closed over 20000 mark today as Foreign Institutional investors did most of the purchasing today, but Indian Stock markets might see a correction of tune 10 to 20 percent. For reading full post about Indian stock markets today click here

SENSEX	21 Sep 17:31
Company Name	Industry	LastPrice	Change	% Chg	Mkt Cap(Rs cr)	Weight
ACC	Cement - Major	1,015.50	-4.90	-0.48	19,085.31	0.63
Bharti Airtel	Telecommunications - Service	365.50	-0.80	-0.22	138,799.73	4.60
BHEL	Engineering - Heavy	2,478.95	38.20	1.57	121,349.56	4.03
Cipla	Pharmaceuticals	320.75	5.50	1.74	25,753.70	0.85
DLF	Construction & Contracting - Real Estate	358.80	-4.80	-1.32	60,902.83	2.02
HDFC	Finance - Housing	720.00	13.15	1.86	105,057.24	3.49
HDFC Bank	Banks - Private Sector	2,470.70	25.00	1.02	113,575.78	3.77
Hero Honda	Auto - 2 & 3 Wheelers	1,807.30	-12.50	-0.69	36,089.52	1.20
Hindalco	Aluminium	191.10	-2.15	-1.11	36,566.53	1.21
HUL	Personal Care	294.80	2.05	0.70	64,334.79	2.13
ICICI Bank	Banks - Private Sector	1,124.45	-3.95	-0.35	125,427.75	4.16
Infosys	Computers - Software	3,058.50	52.60	1.75	175,527.65	5.82
ITC	Cigarettes	172.75	-3.85	-2.18	132,212.54	4.39
Jaiprakash Asso	Construction & Contracting - Civil	123.10	-1.70	-1.36	26,154.25	0.87
Jindal Steel	Steel - Sponge Iron	703.50	-8.55	-1.20	65,702.89	2.18
Larsen	Engineering - Heavy	2,034.75	35.30	1.77	122,729.43	4.07
Mah and Mah	Auto - Cars & Jeeps	681.90	-5.85	-0.85	39,443.45	1.31
Maruti Suzuki	Auto - Cars & Jeeps	1,412.75	14.30	1.02	40,815.77	1.35
NTPC	Power - Generation/Distribution	206.90	2.00	0.98	170,598.66	5.66
ONGC	Oil Drilling And Exploration	1,401.60	-0.80	-0.06	299,784.37	9.94
Reliance	Refineries	1,032.90	-6.80	-0.65	337,886.14	11.21
Reliance Comm	Telecommunications - Service	173.20	-1.80	-1.03	35,748.95	1.19
Reliance Infra	Power - Generation/Distribution	1,073.45	-13.90	-1.28	26,285.60	0.87
SBI	Banks - Public Sector	3,104.25	-3.30	-0.11	197,083.71	6.54
Sterlite Ind	Metals - Non Ferrous	171.45	0.10	0.06	57,634.66	1.91
Tata Motors	Auto - LCVs/HCVs	1,077.40	21.20	2.01	61,476.44	2.04
Tata Power	Power - Generation/Distribution	1,301.95	37.95	3.00	30,896.22	1.02
Tata Steel	Steel - Large	615.00	-1.50	-0.24	54,575.72	1.81
TCS	Computers - Software	952.75	42.20	4.63	186,474.23	6.19
Wipro	Computers - Software	435.10	14.35	3.41	106,577.75	3.54

FII's push SENSEX above 20K | NIFTY above 6K

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Large stock purchases from Foreign institutional investors boosted Indian stock markets today as both Bombay Stock Exchange's SENSEX and National Stock Exchange's Nifty closed just over psychological figure of 20000 and 6000 respectively today.

The 30 share benchmak Sensex rose over 95 points in today's trade and ended at 20,001.55, up 95.45 points and National Stock Exchange's broader index Nifty also closed up by 0.48 percent,by closing at 6,009.05, up 28.60 points in today's trade. However the movement of Indian stock markets is looking too sceptical when we consider the global peers performance in recent weeks, Most of the purchasing of Indian Stocks currentlyis being done by foreign Institutional investors, which mainly concentrated on BSE30 Stocks hence a rise in SENSEX stocks whereas BSE Midcap Index was down 0.98 percent and BSE Smallcap Index declined 1.34 percent.
Since Stock prices of BSE 30 stocks are going beyond the reach of common man's hands hence selling is seen at midcap and smallcap stocks, The rise is purely due to foreign players and might not show indian sentiments to some extent.

Watching sectoral indices today BSE IT Index gained 2.43 percent and BSE Capital Goods Index gained 1.12 percent higher. BSE FMCG Index however declined by 1.34 percent and BSE Realty Index closed down by 1.30 per cent.

SENSEX | Nifty nears 20K and 6K mark

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The bullish sentiment at stock markets continued for yet another day today with benchmark indices closing over 1 percent up, both Bombay Stock Exchange's 30 component SENSEX and National Stock exchange's Nifty closed close to syclogical mark of 20000 and 6000 which they might touch this week before any correction starts, which can be in line of over 10 percent for both Sensex and Nifty.

If we look at today's trading sessions and closing National Stock Exchange’s Nifty ended at 5980.45, thus closing up by 95.50 points.
Sensex also followed and closed well over 300 points up, Bombay Stock Exchange’s Sensex ended at 19906.10, up 311.35 points. Most of the boost came from foreign institutional investors which did bulk of the purchasing, however looking at the global peers the fact of correction of Indian Stock markets correction cannot be ruled out. and it would be between ten percent to 20 percent correction which is just round the corner because the reason behind FII's purchasing is not very clear still.

Checking sectoral indices performance today following figures surface for today:
BSE FMCG Index closed up by over 3.50 percent, BSE Realty Index also closed in green by 1.73 percent and BSE Auto Index added 1.31 percent.

Market breadth was positive on the BSE with 806 gainers against 537 losers.

United Stocks Exchange all set for inauguration on sep 20/2010

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India's first currency derivative Exchange named 'United Stock Exchange' or USE is all set for inauguration tomorrow, The inauguration would be done by Mr. CB Bhave(chairman of SEBI).

The United Stock Exchange will start operations in four currency pairs currently allowed by SEBI like dollar-rupee, euro-rupee, yen-rupee and pound-rupee.

It may be recalled that the Bombay Stock exchange has a 15 percent stake in the new currency derivatives exchange USE.

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BSE's SENSEX Weekly report card (13/9 - 17/9)

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Indian Stock indices witnessed heavy buying throughout the week and almost in every session, SENSEX closed 795 points up this week thus easily surpassing rest of the global peers, The main reason for a strong bullish environment was strong local demand.

Strong investment by foreign institutions also lead to rally at the dalal street this week. If we see last two weeks performance of SENSEX it has moved up by over 1300 points, All the other global peers have not shown such rally in past two weeks.

The growth in Indian economy by 8.8 percent as told by Pranab Mukherjee also helped in unexpected weekly rally of Bombay Stock Exchange's SENSEX, At end of the past week SENSEX closed at 34 month high and shall touch 20000 in coming weeks, but however the chances of correction in prices can be expected anytime.

National Stock Exchange's NIFTY also closed in green on friday, but Indian Stock markets may open in red on monday.

The rise in foreign Institutional Investors in Indian stock markets for month of september has been the major reason in a spur in Indian stock indices like SENSEX and Nifty. According to market regulator SEBI FII's have invested over $2.67 billion in Indian markets this month already and this would increase as the month progresses, and if we look at year till date then FII Investment has already crossed 16 billion mark.

Don't know exactly when the Institutional investors would be again on selling spree, and if they do in near future for booking profits then IT stocks would be worst hit according to me.

BSE's - International Programme on Securities Market Operations

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Following are Latest news from Bombay Stock Exchange's website and also are the forthcoming events calendar as put up on the website, I thought of putting it here so that you dont miss even a single update about Bombay stock Exchange while on my blog.
HAPPY TRADING!!

1. BSE is going to start a new program titled 'International Programme on Securities Market Operations' in october 2010, The exact dates for the event are 25 - 29 October 2010 , The program would be conducted by BSE training institute(BTI), which is training division of the oldest Asian stock Exchange, BSE Training Institute has already provided such training\programs in past.
The main objective of this program will be to train market professionals in the mid to senior levels working in the securities markets that provides a unique experience of learning various aspects of the policy and practice.
It would cover all the major aspects of stock markets and would be a five day affair.
You can download Registration Form.
For reading full content Click here