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.

Dec 2, 2008 - Sensex closes 101 pts down

Equities witnessed a volatile session Tuesday. After wallowing in the red for major part of the session, the indices pulled back sharply to end off lows.

Market opened with a gap-down tracking other Asian peers after the US economy was officially said to be in recession. The worst hit were the interest rate-sensitive sectors, as traders eyed some financial stimulus from the government like easing in ECB norms and lowering of interest rates.

Automobile stocks were down as economic slowdown hit sales badly while shares of oil exploration companies fell as crude oil price eased to $47.85 per barrel, the lowest since May 2005 and almost $100 off the record peak of $147.27 reached in July.

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National Stock Exchange’s Nifty closed at 2657.80, down 0.94 per cent or 25.10 points. The 50-share index hit an intra-day high of 2672.90 and low of 2570.70.

BSE Midcap Index declined 1.41 per cent and BSE Smallcap Index fell 1.25 per cent.

Amongst the sectoral indices, BSE Realty Index was up 2.69 per cent, BSE FMCG Index closed 1.14 per cent and BSE Power Index ended 0.50 per cent up.

Among the worst hit sectors were BSE Auto Index down 3.44 per cent, BSE Consumer Durables Index falling 2.59 per cent and BSE Oil&gas Index shedding 2.24 per cent.

Gains in Reliance Infrastructure (5.37%), Bharti Airtel (3.05%), Jaiprakash Associates (2.76%), NTPC (2.46%), ITC (2.45%) and DLF (1.96%) helped indices close off lows.

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Mahindra & Mahindra (-8.21%), Maruti Suzuki (-5.24%), Tata Consultancy Services (-5.21%), Larsen & Toubro (-3.46%), Sterlite Industries (-3.29%) and Reliance Industries (-3.10%) ended with significant losses.

Market breadth on BSE remained weak with 1,297 declines outnumbering 801 advances.

BSE | NSE | DJIA | Nasdaq rates at closing - December

The post provides closing rates details of Dow Jones Industrial Average(DJIA), NASDAQ, BSE (Bombay Stock Exchange), NSE (National Stock Exchange) on per day basis. You can check live DJIA ticker for latest Dow Jones Industrial Average Updates.

Note: The rates shown are according to indian standard calender (calender according to indian time).

For DJIA, S and P Closing rates click here

December 31, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8668.39 - Up^184.46
NASDAQ (Closing rates) - 1550.70 - Up^40.38
SENSEX (Closing rates) -9647.31 - Down(-68.85)
NIFTY (Closing rates) - 2959.15 - Down(-20.35)

December 30, 2008 TUESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8483.93 - Down(-31.62)
NASDAQ (Closing rates) - 1510.32- Down(-19.92)
SENSEX (Closing rates) -9716.16 - UP^182.64
NIFTY (Closing rates) - 2979.50 - Up^57.30

December 29, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8515.55 - Up^47.07
NASDAQ (Closing rates) - 1530.24 - Up^5.34
SENSEX (Closing rates) -9533.52 - Up^204.60
NIFTY (Closing rates) - 2922.20 - Up^64.95

December 24, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8419.49 - Down(-100.28)
NASDAQ (Closing rates) - 1521.54 - Down(-10.81)
SENSEX (Closing rates) -9568.72- Down(-118.03)
NIFTY (Closing rates) - 2916.85- Down(-51.80)

December 18, 2008 THURSDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8824.34 - Down(-99.80)
NASDAQ (Closing rates) - 1579.31- Down(-10.58)
SENSEX (Closing rates) -10076.43 - UP^361.14
NIFTY (Closing rates) - 3060.75 - Up^106.40

December 17, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8924.14 - Up^359.61
NASDAQ (Closing rates) - 1589.89 - Up^81.55
SENSEX (Closing rates) -9715.29 - Down(-261.69)
NIFTY (Closing rates) - 2954.35 - Down(-87.40)

December 16, 2008 TUESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8564.53 - Down(-65.15)
NASDAQ (Closing rates) - 1508.35- Down(-32.38)
SENSEX (Closing rates) -9976.98 - UP^144.59
NIFTY (Closing rates) - 3041.75 - Up^60.55

December 15, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8629.68 - Up^64.59
NASDAQ (Closing rates) - 1540.72 - Up^32.84
SENSEX (Closing rates) -9832.39 - Up^142.32
NIFTY (Closing rates) - 2981.20 - Up^0.19

December 13,14-2008 markets closed (Saturday and Sunday resp)

December 12, 2008 FRIDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8565.09 - Down(-196.33)
NASDAQ (Closing rates) - 1507.88 - Down(-57.60)
SENSEX (Closing rates) -9690.07 - UP^44.61
NIFTY (Closing rates) - 2921.35 - Up^1.20

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December 10, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8691.33 - Down(-242.85)
NASDAQ (Closing rates) - 1547.34 - Down(-24.40)
SENSEX (Closing rates) -9654.90 - UP^492.28
NIFTY (Closing rates) - 2928.25 - Up^144.25

December 9,2008 TUESDAY Markets closed on eve of Bakra Eid

December 8, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8635.42 - Up^259.18
NASDAQ (Closing rates) - 1509.31 - Up^63.75
SENSEX (Closing rates) -9162.62 - Up^197.42
NIFTY (Closing rates) - 2784.00 - Up^69.60

December 5, 2008 FRIDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8635.42 - Up^259.18
NASDAQ (Closing rates) - 1509.31 - Up^63.75
SENSEX (Closing rates) -8965.20 - Down(-264.55)
NIFTY (Closing rates) - 2714.40 - Down(-73.60)

December 4, 2008 THURSDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8591.69 - Up^172.60
NASDAQ (Closing rates) - 1492.38 - Up^42.58
SENSEX (Closing rates) -9222.65 - Up^475.22
NIFTY (Closing rates) - 2788.00 - Up^131.55

December 3, 2008 WEDNESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8419.09 - Up^270.00
NASDAQ (Closing rates) - 1449.80 - Up^51.73
SENSEX (Closing rates) -8747.43 - Up^8.19
NIFTY (Closing rates) - 2656.45 - Down(-1.35)

December 2, 2008 TUESDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8149.09 - Down(-679.95)
NASDAQ (Closing rates) - 1398.07 - Down(-137.50)
SENSEX (Closing rates) -8739.24 - Down(-100.63)
NIFTY (Closing rates) - 2657.80 - Down(-25.10)

December 1, 2008 MONDAY Closing rates/price
DOW JONES (DJIA Closing rates) - 8829.04 - Up^102.43
NASDAQ (Closing rates) - 1535.57 - Up^3.47
SENSEX (Closing rates) -8839.87 - Down(-252.85)
NIFTY (Closing rates) - 2682.90 - Down(-72.20)

Also see previous 6 months closing rates for analyzing market:
BSE NSE DJIA November closing rates
DJIA, BSE, NSE, S and P October closing rates
DJIA, BSE, NSE, NASDAQ-September 2008 closing rates
DJIA, BSE, NSE, NASDAQ-August Closing rates
DJIA, BSE, NSE, NASDAQ-July Closing rates
DJIA, BSE, NSE, NASDAQ-June Closing rates
DJIA, BSE, NSE, NASDAQ-May Closing rates
DJIA, BSE, NSE, NASDAQ-April Closing rates
DJIA, BSE, NSE, NASDAQ-February Closing rates

BSE's Certificate on Currency Futures

Bombay Stock Exchange or BSE's certificate on Currency Futures(BCCF)

note : all the links here after opens in new window

EXAMINATION PLAN & CERTIFICATION

Securities and Exchange Board of India (SEBI) has introduced trading in currency futures. The Exchange has introduced certification examination on Currency Futures.

BSE Training Institute conducts a test of 100 marks consisting of 60 questions. The questions are objective type having multiple choices, with a provision of negative marks for wrong answers.

BCCF is awarded to only those candidates who obtain a minimum of 60% marks.

There is no minimum eligibility criterion for taking the test.

Register Online | Test Centers details | Programme Schedule

Persons interested in taking the test in Mumbai may approach the BTI with 4 passport size colour photographs and a DD of Rs. 674.00 drawn in favour of "Bombay Stock Exchange, Limited" payable at Mumbai.

BSE | NSE closing rates november 2008

Persons interested in taking the test at any of the following centres other than Mumbai may approach the respective centres with 4 passport size colour photographs and a DD ofRs. 674.00 drawn in favour of "Bombay Stock Exchange, Ltd." and payable at the respective centre.

OBJECTIVES OF THE TEST

To educate about the functioning of currency futures markets, the features of various products, the classification of products, the regulatory framework and the margining mechanism.

TEST SYLLABUS
Introduction to futures

Characteristics of derivatives, Underlying assets (Equity Bonds/loans, Foreign Currency, and Commodity) Need for derivatives, Types of derivatives and comparison between them, Forwards/ Futures/ Options, Participants in derivatives market (Hedgers, Speculators, Arbitrageurs), product design.



Principles of trading and hedging with Currency Futures
Terminology - Spot, future price, contract specifications, contract cycle, expiry date, settlement date, basis, mark to market, Contract specification for currency futures, Tick size, Types of orders, Trading strategies, Hedging Strategies, Initial, Maintenance Margins, Executing and Clearing, Execution, Matching confirmation, Clearing Mechanism, Settlement, Settlement price, Settlement cycle, Cash Vs. Physical delivery, "Open interest" and "Trading volumes".


Risk management systems and procedures

Types of risks (Counter-party or credit risks, Market or price risks, Liquidity risks, Legal and regulatory risks, Operating risks), Risk identification and measurement, Methods of risk control (Position limits, VAR, Margins, Operating Procedures and systems etc.), Separation of trading, settlement, accounting and risk control functions, Internal control structure and Management Information System, Regulatory and external reporting. Clearing corporation.

Regulatory aspects, Accounting and taxation

SCRA/Regulatory changes made and required, SEBI Act, LC. Gupta Committee report, Bye laws and special regulatory requirements of the derivatives market, Rights and obligations in broker-client relationships, Accounting of derivatives (Treatment of margins, Valuation and accounting of closing position), Taxation of derivatives. Surveillance measures

Role of RBI

The introduction and role of RBI in regulating the Currency futures market.

TARGET AUDIENCE
Dealers in Currency Futures, Derivatives Dealers, Stock Brokers, High Net Worth Investors, Custodians, Mutual Funds, Portfolio Managers, Insurance Companies, Banks, Financial Institutions and Management Students.

DURATION & TIME

120 minutes

FEES
FOR APPEARING AT MUMBAI CENTER

Rs. 674.00 payable through DD in favour of "Bombay Stock Exchange, Limited" payable at Mumbai per participant per attempt inclusive of test workbook, Service Tax and Education Cess.

FOR APPEARING AT REGIONAL / BSE INVESTOR SERVICE CENTERS AT NEW DELHI, AHMEDABAD, RAJKOT, KOLKATTA, CHENNAI AND COCHIN.

Rs. 674.00 payable through DD in favour of "Bombay Stock Exchange, Limited" payable at the respective center as stated above per participant per attempt inclusive of test workbook, Service Tax and Education Cess.

Examination Registration Form | Test Scedule download

EXAMINATION COORDINATOR

Meera Kittur
E-mail: meera.kittur@bseindia.com
Phone: 22721233 / 34 extn. 8199 / 8856.

Certification Examination (outside Mumbai) for 75 or more candidates:

For conducting Certification Examination for 75 or more candidates, contact:
Piyush Shelat
E-mail: piyush.shelat@bseindia.com
Phone: 22721233 / 34 extn. 8197, 8199.

For further details, contact:
E-mail: training@bseindia.com
Phone: 22721126 / 27, 22721233 / 34 Ext.: 8199 / 8856 / 8197 / 8464

ASBA - Investment friendly way of investing in IPO's

Bombay Stock Exchange Ltd. (BSE) has developed an interface for the banks to participate in the ASBA (Application Supported by Blocked Amounts) process. This new initiative is in the area of IPO payments as proposed by the capital markets regulator, Securities and Exchange Board of India (SEBI).

The objective of introducing ASBA is to ensure that the investor's funds leave his bank account only upon allocation of shares in public issues. The ASBA process also ensures that only the requisite amount of funds are debited to the investor's bank account on allotment of shares. In this mechanism, the need for refunds is completely obviated.

Using this interface the banks, participating in the IPO process would be able to upload the bids with respect to their customers, into the electronic book of BSE. The interface facilitates not only the controlling branch but also the designated branches of the banks to directly upload the bids into the electronic book at BSE. The ASBA application has been successfully tested with eleven banks.

The list of SCSBs are as below. For details of designated branches click on respective banks below:

Axis Bank
Bank of Baroda
Corporation Bank
HDFC Bank
ICICI Bank Ltd
IDBI Bank Limited
Kotak Mahindra Bank
State Bank of Bikaner & Jaipur
State Bank of India
Union Bank of India
Yes Bank Limited

BSE Sensex Companies list - latest

BSE sensex consists of 30 of the india's biggest companies covering almost every industry type ranging from Cement industry, Information technology, Telecom sector companies, Infrastructure companies etc so we can say that BSE Sensex is indian DJIA or is same to india as DJIA is to US. Sensex was constituted to imitate DJIA of US. Daily Sensex rates of closing are very important for the analysts who deal with Indian Shares markets including BSE and NSE.

My other posts related to indian Stock Markets are :

Registered Stock Exchanges of whole India (includes regional Stock Exchanges also)
Companies listed on BSE(Comprehensive list)
Companies listed in all BSE categories

However Sensex index is the most important Indian Index when compared to all the other Indian Stocks as sensex consists of largest indian congloremates and business groups.

Following is the list of companies listed on BSE SENSEX there are total 30 companies in all which are listed on BSE.

S.no | Company Name | TYPE/SECTOR | ADJ Factor | Company Code |

1 | ACC | Housing related | 0.60 | 500410 |

2 | BHEL | Capital Goods | 0.35 | 500103 |

3 | Bharti Airtel | Telecom | 0.35 | 532454 |

4 | DLF Universal Limited | Housing related | 0.15 |532868 |

5 | Grasim Industries | Diversified | 0.75 | 500300 |

6 | HDFC | Finance | 0.85 | 500010 |

7 | HDFC Bank | Finance | 0.85 | 500180 |

8 | Hindalco Industries | Metal, Metal Products & Mining | 0.70 | 500440 |

9 | Hindustan Uni Lever | FMCG | 0.50 | 500696 |

10 | ICICI Bank | Finance | 1.00 | 532174 |

11 | Infosys | Information Technology | 0.85 | 500209 |

12 | ITC Limited | FMCG | 0.70 | 500875 |

13 | Jaiprakash Associates | Housing related | 0.60 | 532532 |

14 | Larsen & Toubro | Capital Goods | 0.90 | 500510 |

15 | Mahindra and Mahindra | Transport Equipments | 0.80 | 500520 |

16 | Maruti Udyog | Transport Equipments | 0.50 | 532500 |

17 | NTPC | Power | 0.15 | 532555 |

18 | ONGC | Oil and Gas | 0.20 | 500312 |

19 | Ranbaxy Laboratories | Healthcare | 0.70 | 500359 |

20 | Reliance Communications | Telecom | 0.35 | 532712 |

21 | Reliance Industries | Oil & Gas | 0.50 | 500325 |

22 | Reliance Infrastructure | Power | 0.65 | 500390 |

23 | Satyam Computer Services | Information Technology |0.95 | 500376 |

24 | State Bank of India | Finance | 0.45 | 500112 |

25 | Sterlite Industries | Metal, Metal Products & Mining | 0.40 | 500900 |

26 | TCS | Information Technology | 0.25 | 532540 |

27 | Tata Power | Power | 0.70 | 500400 |

28 | Tata Steel | Metal, Metal Products & Mining | 0.70 | 500470 |

29 | Tata Motors | Transport Equipments | 0.60 | 500570 |

30 | Wipro | Information Technology | 0.20 | 507685 |


Biggset Sensex falls in a single day :

The top ten single-day falls of the Sensex have occurred on the following dates :

1. January 21, 2008 --- 1,408.35 points
2. Oct 24, 2008---1070.63 points
3. March 17, 2008 --- 951.03 points
4. January 22, 2008 --- 857 points
5. February 11, 2008 --- 833.98 points
6. May 18, 2006 --- 826 points
7. October 10,2008 --- 800.10 points
8. March 13, 2008 --- 770.63 points
9. December 17, 2007 --- 769.48 points
10. March 31, 2007 --- 726.85 points
11. October 06, 2008 --- 724.62 points
12. October 17, 2007 --- 717.43 points
13. September 15, 2008 --- 710.00 points
14. January 18, 2007 --- 687.82 points
15. November 21, 2007 --- 678.18 points
16. August 16, 2007 --- 642.70 points
17. June 27, 2008 --- 600.00 points