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Thursday, October 7, 2010
SENSEX closes over 250 points down | NIFTY follows
Profit booking pulled the major indian stock indices down at closing and through out the trading sessions today. With Bombay stock exchange's 30 component SENSEX and National stock exchange's broader index NIFTY also closing down because of profit booking. The Realty stocks were the worst hit and metals and capital goods followed.
Bombay Stock Exchange’s Sensex closed at 20315.32, down 227.76 points. It hit an intraday low of 20272.77 and high of 20581.29 during intraday trading. Sectoral indices also showed same behavior as Sensex and closed lower today with BSE Midcap Index closing at 0.74 percent and BSE Smallcap Index closing down by almost 0.92 percent.
The broader index NIFTy was no different and closed at 6118, down 68.45 points.
market breadth was negative with 1878 declines against 1372 advances.
Wednesday, October 6, 2010
Indian Share Indices witnessing lackluster trading
With stock price of HDFC, PNB, Infosys and Mahindra and Mahindra on a decline. National Stock Exchange's NIFTY is seeing lackluster trading session and so is the case with Bombay Stock Exchange's Benchmark index SENSEX. which is down by nearly 30 points presently, You can see the latest sensex prices from the above sensex ticker.
Sector wise too the BSE indices are down BSE IT Index is down by 0.47 percent and BSE Bankex also declining 0.40 percent. BSE Healthcare Index however is in green by moving 0.84 percent higher and BSE Power Index gained 0.58 percent as well. So we can see mixed emotions at Bombay Stock Exchage presently.
While posting the SENSEX is at 20483 down by over 50 points and National Stock Exchange's NIFTY is at 6168 down by 18 points.
Best 5 stocks for the day
Presently the Indian Stock markets are in slightly red color, Both Bombay Stock Exchange's SENSEX and national Stock Exchange's NIFTY are trading down.
Following are the best 5 stocks for today which can be purchased or sold for intraday trading
1. GE Shipping Company Ltd - Buy - sell if touches 360 today.
2. BHEL(Electrical comp) - Buy - target 2850
3. Reliance Industries Ltd - Buy - sell at 1,095.
4. Hindalco - Buy - sell at 225 today.
5. Firstsource Solutions(IT) - Buy - target 34.
HAPPY TRADING!!
Tuesday, October 5, 2010
Indian Stock indices SENSEX | NIFTY close lower
The major Indian stock indices which includes Bombay Stock Exchange's 30 component SENSEX and National Stock Exchange's NIFTY index saw a lackluster day. It can be seen that indian markets are getting resistance at these levels.
The main reason for such small decline is shifting of Individual investors to broader index and midcaps and Smallcaps which is quite evident from the fact that BSE Midcap Index was up 0.78 per cent and BSE Smallcap Index moved 1.14 per cent higher. Shares of Fast moving consumer goods, metals and banks were the major losers today. HDFC bank stock price lost over 2.24 percent in day's trade today.
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Coming to sectoral indices performance BSE FMCG Index closed down by 1.12 percent, BSE Metals Index is also down 0.33 percent and BSE Bankex declined 0.30 percent. BSE Power Index was however in green and moved 0.87 percent higher and BSE Auto Index closed up 0.74 percent.
The BSE's Sensex closed at 20,407.71, down 68.02 points from previous day's close. The 30-share benchmark index hit a high of 20,560.54 and low of 20,383.16 during the intraday trading today.
The National Stock Exchange's Nifty also closed at 6,145.80, down 13.65 points. The index touched a high of 6,188.35 and low of 6,118.05.
Other top 5 News coming from Indian stock markets today were following:
1. Micromax Informatics to raise money through IPO soon.
2. Govt to sell 10 percent stake in SCI.
3. HDFCbank raises key lending rate by 25 basis points.
4. RIL to raise $1 billion via bonds.
5. Oberoi Realty IPO at priced at 230-260 per share.
Happy Trading!
Saturday, October 2, 2010
Indian Stock markets - Weekly News and Updates
Major indices closed up at end of the last week both Bombay Stock Exchange's SENSEX and National Stock Exchange'e Nifty smiled through out the week. Apart from this following are the top 5 news which came from the Bombay Stock Exchange and Indian Stock markets during the week.
1. Bajaj Auto entered into Nifty 50 index and it's stock price touched new high at the Bombay Stock Exchange at 1,555.
2. SEBI closes doors for non-complaint FII's
3. SENSEX hits 33 month high and may touch 21000 mark.
4. Tata Motors in plan of $525 million share sale.
5. Supreme Court revokes ban on Sterlite's copper smelter.
All about Mutual funds Investing
This post for Mutual funds investing can be considered as continuation to my previous posts for tips on Mutual Fund investing, which can be found hereMutual fund investing tips and is related to my other posts on Mutual funds whose links are below(So that you can know each and everything about What Mutual Funds are? How they work? Top 10 Indian Mutual Funds or you may want to know about Mutual Funds companies present in India.
You can use this post as a tutorial for starting investing your money in Mutual Funds but using your own brain is atmost important.
I'll start with a very basic question which will clear some air about what Mutual funds investing is?
A company which brings a Mutual Fund issue in market requires money to invest in various domains which can range from Infrastructure, technology, Govt Bonds, Share markets etc etc. The difference is only our money for investing would be negligible as compared to pool of money which the company collects from various Mutual Funds investors. This helps in getting advantages available for large investments as compared to smaller investments.
The other question which arrives about Mutual Funds is about the Net Asset value or NAV for Mutual Fund so what is Net Asset Value (NAV) of a mutual fund?
- The Net Asset value of a Mutual Fund is Market value of the Assets of Mutual Funds or indirectly we can say NAV is profit which a Mutual Fund has made after subtracting all the liabilities, Managing company's fees or commision and other taxes. You can estimate your share of the holding of the mutual fund by the Net Asset Value per unit. So it is always important to know about NAV rather the return percent in order to invest in Mutual Funds, Majority of the MF Agents just donot talk about NAV's and fool the potential investor by simply talking of return percent which is of no use at all.
Now I hope you are clear about NAV's and Mutual Funds I would explain how a Mutual Fund actually works?
It's rather simple to understand how a Mutual Fund works, A Company which floats a Mutual fund in market hires professional's or they may be it's own employees. When they get investors money then the Professional's decide where to invest, but in many cases it is predefined in which sector they will invest investors money, you may have heard like, Equity funds, Infrastructure funds etc , These are nothing but investment funds with predefined domain of investment. And the investors invest by seeing the Net Asset value of the mutual Funds, The higher the NAV more expensive it would be to invest. The advantage of MF investing is that since a particular individual invest in very small amounts the risk is very less of a bankruptcy of that investor(in case of loss).
I hope by now you are very much clear about all the basic questions about Mutual Funds and Mutual funds investing, you are now ready to follow tips for Mutual Fund Investing.
HAPPY Mutual Fund Investing!!
Friday, October 1, 2010
SENSEX shines - Up over 375 points Nifty follows
It proved to be a very good day for Indian stock markets today as major indices like 30 component BSE's SENSEX and NSE's Nifty, SENSEX closed up by 3.75 percent today, The rise was due to strong sales by Indian Auto Companies Maruti Suzuki posted record sales for month of september and Tata Motors also showed around 23 percent rise in net sales for the month of september 2010.
IT stocks also gained between 2.1 percent to 4.1 percent today.
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The 30-share SENSEX index closed up by 375.92 points to 20,445.04 points, taking gains in the week to nearly 2 percent. The index might touch the all time high figure once again in near future as the global economy looks very promising with increase in Chinese manufacturing data. Foreign institutional investors are showing great amount of trust in indian Stock markets which is proved by a $18.2 billion direct investment already done in Indian businesses.
The National Stock Exchange's broader index Nifty closed at 6143.40 up by over 113 points.
Thursday, September 30, 2010
Last hour purchasing boosts SENSEX -end in green
Strong purchasing seen in last hour at Bombay Stock Exchange and National Stock Exchange boosted the stock indices SENSEX and NIFTY closing up.
The benchmark index SENSEX closed at 20,069.12, up 112.78 points, The broader index National Stock Exchange’s Nifty ended at 6,029.95, up 38.65 points. The SENSEX touched a low of 5,963.60 and high of 6,048.45 in today’s intraday trade.
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Coming to sectoral indices : Market breadth was negative on the BSE with 1,644 losers against 1,309 gainers BSE Midcap Index closed down 0.24 percent and BSE Smallcap Index moved up 0.11 per cent. The Fast moving consumer goods BSE FMCG Index gained 1.40 percent and BSE Metal Index closed higher by 0.82 percent. BSE Oil&gas Index however fell by 1.17 percent and BSE Auto Index declined 0.51 by percent.
Oil & Gas, Realty drags SENSEX in intraday trade
The Bombay Stock Exchange and SENSEX are currently trading down as the share prices of Oil and Gas companies and Realty stocks have dragged.
Talking about the sectoral indices BSE Oil&gas Index is down by 1.24 percent, BSE Metal Index is also trading down by 0.55 percent and BSE Realty Index is in red territory by 0.51 percent.
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Market breadth is also negative with 1696 declines at the Bombay Stock Exchange today in intraday trading.
The national Stock Exchange's NIFTY is also trading doen by 20 points and is at 5970 levels.
Wednesday, September 29, 2010
Stock Investing tips - stick to the basics
The Bombay Stock Exchange and National Stock Exchange has seen increase in stock prices for full month of september and this has been majorly due to Foreign Direct investment ahich was in tune of $ 5 billion in september alone and still Indian stock markets are very unpredictable, Global markets are also moving very cautiously , In these prevelant Scenarios Stock market investing is looking very unviable as markets can see correction, thus for investing in stocks under such condition one has to stick to the basics of Stock market investing and should follow the book style in choosing the perfect stock.
Following Investing tips would surely help those who are interested in Stock markets in such a bullish run at Dalal Street, Always do remember Stock market Investing is sheer analysis.
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Investor caution pulls SENSEX | NIFTY - closes down
Indian Stock markets witnessed a selling day today with major key indices Bombay Stock Exchange's SENSEX and National Stock exchange's NIFTY closing down today as investors booked profits and European markets played spoilsport. This decline put a halt on weeks of continuos growth seen at the indian stock markets in september 2010.
The 30 component SENSEX has already gained over 11 percent in this month alone showing improvement in global market place whereas US Stock markets are still looking cautious thus showing that Indian stock indices might need a correction. but most of the investment this month has come from FDI.
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The SENSEX rate at closing today was 19,956.34 down 148 points, The main loser today was sterlite industries whose shares tumbled by almost 8.5 percent today.
The mood at national Stock Exchange's NIFTY looked no different as it also closed lower today. The broader index NIFTY closed at 5991.30 down by 38.20 points.
Top 5 updates which arrived from Dalal Street today were following:
1. Mahindra Satyam's loss for 2009-10 at 125 crore scrip closes flat at BSE.
2. Shoppers's stop raises over 130 crore.
3. Reliance Capital picks up 4.98 pc stake in Trinethra.
4. Power Grid to invite bids to lease out telecom towers
5. Commercial Engineers to raise Rs 1.72 bn via IPO.
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