BSE | NSE | DJIA | NASDAQ | S & P Indexes at closing - January 2009

www.livebombaystockexchange.blogspot.com wishes all it's esteemed visitor's a very happy new year. This post 1st for the year 2009 includes closing rates of major stock markets of india and world such as Bombay Stock Exchange ( BSE) , National Stock Exchange ( NIFTY), Dow Jones Industrial Average(DJIA), Standard and Poor (S & P), Nasdaq Composite Index (NSDX) , closing rates of these most important indices are very important for regular investor's as they show the trends of stock exchanges and world economic trends.

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.

Also Read :
-Effect of Recession on Indian Economy
-Economies hit by recession
-Plan for World Economy Revival
-Indian Economic Summit Updates
-Rs v/s US$ latest updates
-World's Strongest economies list
-Trouble in Indian Forex
-Indian Agricultural Updates
-US Economic recession-how it started

By the end of this year i predict that BSE would be between 13ooo to 15000 ( it may be different scenario depending on US economic developments)

Note - All the closing rates of BSE, NSE, NASDAQ, DOW JONES INDUSTRIAL AVERAGE(DJIA), Standard and Poor(S & P) are according to Indian Standard time . to see closing rates of DJIA, NASDAQ, Standard and Poor ( S & P) according to American Standard time click here.

January 23, 2009 FRIDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8122.80 - Down(-105.30)
NASDAQ (Closing rates) - 1465.49 - Down(-41.58)
SENSEX (Closing rates) -8674.35 - Down(-139.49)
NIFTY (Closing rates) - 2678.55 - Down(-35.25)
Standard & Poor (S & P) - 827.50 - Down(-12.74)

January 22, 2009 THURSDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8228.10 - Up^279.01
NASDAQ (Closing rates) - 1507.07 - Up^66.21
SENSEX (Closing rates) -8813.84 - Up^34.67
NIFTY (Closing rates) - 2713.80 - Up^7.65
Standard & Poor (S & P) - 840.24 - Up^35.02


January 21, 2009 WEDNESDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 7949.09 - Down(-332.13)
NASDAQ (Closing rates) - 1440.86 - Down(-88.47)
SENSEX (Closing rates) -8779.17 - Down(-321.38)
NIFTY (Closing rates) - 2706.15 - Down(-90.45)
Standard & Poor (S & P) - 805.22 - Down(-44.90)

January 20, 2009 TUESDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8222.22 - Down(-59.02)
NASDAQ (Closing rates) - 1529.33 - Up^17.49
SENSEX (Closing rates) -9100.55 - Down(-229.02)
NIFTY (Closing rates) - 2796.60 - Down(-49.60)
Standard & Poor (S & P) - 909.73 - Up^3.08

January 19, 2009 MONDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8281.22 - Up^68.73
NASDAQ (Closing rates) - 1529.33 - Up^17.49
SENSEX (Closing rates) -9329.57 - Up^5.98
NIFTY (Closing rates) - 2846.20 - Up^17.75
Standard & Poor (S & P) - 850.12 - Up^6.38

January 16, 2009 FRIDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8212.49 - Up^12.35
NASDAQ (Closing rates) - 1511.84 - Up^22.20
SENSEX (Closing rates) -9323.59 - Up^276.85
NIFTY (Closing rates) - 2828.45 - Up^91.75
Standard & Poor (S & P) - 843.74 - Up^1.12

January 15, 2009 THURSDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8200.14 - Down(-248.42)
NASDAQ (Closing rates) - 1489.64 - Down(-56.82)
SENSEX (Closing rates) -9046.74 - Down(-323.75)
NIFTY (Closing rates) - 2736.70 - Down(-98.60)
Standard & Poor (S & P) - 842.62 - Down(-29.17)

January 9, 2009 FRIDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8742.46 - Down(-27.24)
NASDAQ (Closing rates) - 1617.01 - Up^17.95
SENSEX (Closing rates) -9406.47 - Down(-180.41)
NIFTY (Closing rates) - 2873.00 - Down(-47.40)
Standard & Poor (S & P) - 909.73 - Up^3.08


January 8, 2009 THURSDAY - BSE | NSE closed due to mohharam

January 7, 2009 WEDNESDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 9015.10 - Up^62.21
NASDAQ (Closing rates) - 1652.38 - Up^24.35
SENSEX (Closing rates) -9586.88 - Down(-749.05)
NIFTY (Closing rates) - 2920.40 - Down(-192.40)
Standard & Poor (S & P) - 934.70 - Up^7.23


January 6, 2009 TUESDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8952.89 - Down(-81.80)
NASDAQ (Closing rates) - 1628.03 - Down(-4.18)
SENSEX (Closing rates) -10335.93 - Up^60.33
NIFTY (Closing rates) - 3112.80 - Down(-8.65)
Standard & Poor (S & P) - 927.47 - Down(-4.35)


January 2, 2009 FRIDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8776.39 - closed (1st jan in US)
NASDAQ (Closing rates) - 1577.03 - closed (1st jan in US)
SENSEX (Closing rates) -9958.22 - Up^54.76
NIFTY (Closing rates) - 3046.75 - Up^13.30
Standard & Poor (S & P) - 903.25 - closed (1st jan in US)


January 1, 2009 THURSDAY Closing rates/price:
DOW JONES (DJIA Closing rates) - 8776.39 - Up^108.00
NASDAQ (Closing rates) - 1577.03 - Up^26.33
SENSEX (Closing rates) -9903.46 - Up^256.15
NIFTY (Closing rates) - 3033.45 - Up^74.30
Standard & Poor (S & P) - 903.25 - Up^12.61


published under - BSE closing Rates, bse rates, djia closing rates, djia updates, nasdaq live, nasdaq rates, Standard and Poor rates, S and P rates at closing, Nifty closing rates, indian markets at closing january 2009, major world markets

Currency Derivatives at BSE

CURRENCY DERIVATIVES AT BSE (Bombay Stock Exchange Limited)

RBI and SEBI jointly constituted a Standing Technical Committee to analyze the Currency Forward and Future market around the world and lay down the guidelines to introduce Exchange Traded Currency Future in Indian Market. The Committee submitted its report on Exchange Traded Currency Futures on May 29, 2008. Further RBI and SEBI also issued circulars in this regard on August 06, 2008.Currently India is a USD 34 billion OTC market, where all the major currencies like USD, EURO, YEN, Pound, Swiss Franc etc. are trading in OTC market. With the help of electronic trading and efficient risk management systems, Exchange traded currency future will help to get transparency and efficiency in price discovery, elimination of counterparty credit risk, access to all types of market participants, standardized products and transparent trading platform. Banks are also allowed to become members of this segment on the Exchange and this provides them new opportunity in this market segment.BSE is offering Currency Futures (US Dollar- Indian Rupee contract only at present) through its Currency Derivatives Segment christened BSE-CDX.Currency hedging in India will no longer be limited to the over-the-counter (OTC) products, such as forwards, swaps and options. As this market has huge potential. of integration of the Indian economy with the rest of the world, with the ongoing development of financial markets, introducing currency derivatives will provide one more platform alongside the OTC currency markets.

Other important BSE updates -
Currency Derivatives at BSE
international Programme on Demat and Depositories
What is BSE -ASBA- explained
BSE's certification on currency futures

Members
By having wider membership and bringing together a large number of interested parties, the futures market provides liquidity, making transactions possible and providing immediate information on prices. As per RBI guidelines, currency futures shall have the following features :
Only USD-INR contracts are allowed to be traded.
The size of each contract shall be USD 1000.
The contracts shall be quoted and settled in Indian Rupees.
The maturity of the contracts shall not exceed 12 months.
The settlement price shall be the Reserve Bank's Reference Rate on the last trading day.

Membership
The membership of the currency futures market shall be separate from the membership of the equity derivative segment or the cash segment. Membership for both trading and clearing, in the currency futures market shall be subject to the guidelines issued by the SEBI.
Banks authorized by the Reserve Bank of India under section 10 of the Foreign Exchange Management Act, 1999 as 'AD Category - I bank' are permitted to become trading and clearing members of the currency futures market, on their own account and on behalf of their clients, subject to fulfilling the following minimum prudential requirements:
Minimum net worth of Rs. 500 crores.
Minimum CRAR of 10 per cent.
Net NPA should not exceed 3 per cent.
Made net profit for last 3 years.
For more details refer to RBI guidelines.

for membership of CDX - click HERE

Other important BSE updates -
Currency Derivatives at BSE
international Programme on Demat and Depositories
What is BSE -ASBA- explained
BSE's certification on currency futures

Investors
Many investors internationally use futures more than the cash market to manage the duration of their portfolio or asset allocation because of the low upfront payments and faster transactions. They also trade in futures with the hope of making profit with arbitrage opportunity between the futures market and the underlying market. As the profits or losses in the futures market are collected and paid on a daily basis, the scope for building up of mark to market losses in the books of participants gets limited. In short, currency futures benefits to investors as :
Importers/Exporters may have some obligations in Forex market, trading in Currency Futures will help them hedge their positions. Similarly, any investor can trade in Currency Futures with or with no obligations.
The counter-party risk is eliminated as the clearing corporation guarantees the trades.
By ensuring that the best price is available to all categories of market participants, transactions are executed on a price time priority
In Currency Futures, mark to market obligations are settled on a daily basis, unlike a forward contract, which is an agreement to transact at a forward price on a future date and no money changes hands except on the maturity date.

More Faq's - click here

published under - Currency derivatives, BSE updates, latest BSE news, BSE currency derivatives, latest BSE updates, currency derivatives at BSE, BSE limited, indian stock markets updates

BSE's International Programme on Demat & Depositories

OBJECTIVES :
A three day programme which covers a wide range of topics that provides the international audience with a firm grasp on the working of the Demat and Depositories processes in general and securities markets in particular, covering the entire array of policy, product and processes. The participants will be exposed to live environment in Demat and Depositories systems as also to the working of select financial institutions. The training programme will include classroom training, presentations and demonstrations, special presentations by experts and field visit to institutions in Mumbai. The resource persons for this programme are drawn from professionals representing a wide cross section of financial and securities market.

PROGRAMME CONTENTS
Genesis of Depositories
Legal framework of Depositories
Technology development involved in depository growth
Best Practices adopted in India & Abroad on Demat & & Depositories
Depository role in Capital Market
1. Advantages of Depositories
2. Specific Services offered by Depository Participants (DP’s)
3. Banks offering additional DP related services as DP apart from doing Banking business.


Other important BSE updates -
Currency Derivatives at BSE
international Programme on Demat and Depositories
What is BSE -ASBA- explained
BSE's certification on currency futures

Registrar & Transfer Agents as Depository Participants
1. Complete Process of Dematerialization
2. DP’s role in Public Issues
3. Financing in Public Issues

Depositories role in Bonds/Commercial Paper/Govt. Securities
Role of Custodians in Demat & Depositories
Role of Depository in Clearing House activities for settlement
Compliance Requirements
1. Reporting of all compliance Requirements
2. Disclosure Norms
3. Know your Client Norms

Visit to Depository

TARGET AUDIENCE
Senior Executives from Stock Exchanges, Depositories, Brokerage Houses, Financial Institutions, Banks, Consultants and other Capital Market Intermediaries.

DATE:
18 to 20 March, 2009

TIMING:
9.30 am to 5.30 pm

VENUE:
Bombay Stock Exchange Ltd., BSE Training Institute, Mumbai, India

COURSE FEES:
US$2500

(Includes accommodation on single room occupancy basis in a reputed hotel, airport pick up & drop , local transport, study material, tuition fees, refreshments & lunch, study visits and sight seeing)

Discount: 10% for two registrations and more from the same organisation

Last Date of Registration: 18 February 2009


for registration form download - click HERE

Other important BSE updates -
Currency Derivatives at BSE
international Programme on Demat and Depositories
What is BSE -ASBA- explained
BSE's certification on currency futures

KEY CONTACTS:

Mr. Vispi Rusi Bhathena
Manager
Knowledge Management

Mr. Piyush Shelat
Deputy Manager
Knowledge Management
Email: training@bseindia.com
Phone: 0091 22 22721127/26; 0091 22 22721233 Ext. 8175, 8197
Fax: 022 22723250

Published under - BSE updates, BSE latest news, Demat programme, Demat and depositories in BSE

NSE - Nifty Latest Updates - News

Even though global markets demonstrated a weak session and domestic IIP data showed a negative growth, Indian stocks recovered sharply and ended in the positive terrain Friday as bears covered their shorts on expectations that the government may announce a heavy incentive package to stimulate the economy.

National Stock Exchange's 50-share Nifty ended at 2921.35, slightly higher by 0.04 per cent. Tracking the weak global cues, Indian markets fell at the open but short covering in the late trade helped stocks to recouped early losses. In a highly volatile session Nifty touched a high of 2936.80 and low of 2812.55, a band of around 124 points.

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As per the NSE website data (provisional), Nifty December futures provisionally closed at a discount of 11 points to spot. The contract price slipped 0.62 per cent while open interest added 38 lakh shares in open interest. The contract trimmed its premium of 8 points on Thursday indicating some build up of shorts at higher levels.

On sectoral front-- realty, consumer durables, oil & gas and banking stocks outperformed the benchmark while, IT, Tech, healthcare and auto ended in red.

Some amount of call buying was observed at 2900 and 3200 strike while good amount of tussle can be seen at 3000 level. Bears unwound their written calls at 3100 strike. On the other hand, huge amount of put writing was observed from strike 2900 to 2700. The call build up was little lackluster while solid put writing was seen at lower levels. This indicates Nifty will remain volatile in a range but won't fell significantly from current levels.

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"This is a traders market. Investors are going short in early trade and covering up shorts at late trade and vice-versa. However, despite the negative IIP data, markets recovered sharply came as a surprised to everybody. If one can look through the technical chart for past few days markets are making a doji candle-- suggesting market is waiting for a breakout to either side," said Sanjay Rao, analyst at Spark Advisory.

Given the rising signs of slowdown Indian government is likely to announce a strong stimulus package to boost the economy. However, some analysts are feeling that this is a distribution stage and one can expect a bigger fall in near term.

In stock futures—Reliance Industries December gained 2.66 per cent and open interest added 2.73 lakh shares. Reliance Natural rose 0.27 per cent and added 5 lakh shares in open interest. State Bank of India advanced 0.3 per cent and Reliance Capital jumped 6 per cent.

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source - www.economictimes.com (read full article)
published under - nifty updates, NSE Updates, indian markets updates, indian share markets, markets in india, global uncertainities in india.

Investors to gain little from buybacks

If stock prices movements are an indicator, then investors are not happy with buybacks or share repurchase programmes initiated by companies. While the consensus view is that buybacks are positive as they are usually an indication that the company's management thinks the shares are undervalued, shares of none of the 11 companies whose share buybacks are open have gone up after the initiative was started, data shows.

Stocks of Reliance Infrastructure, SRF, Rain Commodities and DLF have fallen by as much 35-60% from the day the buyback was open and most companies have seen their stock value erode by an average 40% in the same period. All the buybacks are to be done through open market purchase.

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Though on the day of announcement, stocks might have usually reacted positively, stock prices of the same companies have mostly fallen by as much as 10-50% in the period between the buyback intention was first announced and when it actually started.

"What's in it for the ordinary investors, if the company is buying back at the prevailing price? Only the promoters appear to benefit from this peculiar situation as they are indirectly increasing their stake (since bought back shares will be extinguished ) and that too without using their own funds," B Madhuprasad of Keynote Corporate Services said.

Companies such as Amrutanjan, Godrej Consumer, EID Parry and Ipca Labs announced buyback plans in the last two days alone. While its true that shares of most companies are available at steep discounts (40%-80%) vis-a-vis their January peaks, since most of the purchases are done through open market, nonpromoter entities hardly stand to benefit from the scheme of things.

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read more.....

SEBI restricts early exit from close-ended mutual funds

The Securities and Exchange Board of India (SEBI) on Thursday said investors won't be allowed to exit from close-ended mutual fund schemes before maturity and asked fund houses to list them on stock exchanges.

The market regulator also said all such funds must invest in instruments in line with their maturity profile.

"For all close-ended schemes, no early exits will be provided by the funds," SEBI Chairman C B Bhave told a media briefing following a board meeting earlier in the day. "All schemes will have to be listed on the stock exchange," he added.

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The decision comes in wake of a liquidity crisis faced by the industry two months ago as investors pulled out from fixed income funds fearing their credit quality.

More than Rs 90,000 crore flowed out of debt funds during the period, creating a liquidity crunch for the Rs 4 trillion industry and forcing the central bank to offer money through a special money market operation to ease the pressure.

The regulator also extended the validity period of initial public offers to one year from three months now.

source - www.economictimes.com