March 20/09 - Nifty seen volatile between 2700 and 2850

March 20/09 - (NIFTY CLOSING UPDATES) - NSE’s 50-share Nifty closed the day at 2807.05, down just 0.10 points. The Sensex ended 0.39 per cent lower at 8966. levels. Intraday, Nifty touched a high of 2816.10 and low of 2773.65, a band of 43 points.

Nifty March futures provisionally ended at a discount of 8.5 points against a discount of 7 points on Thursday. The contract price slipped 0.08 per cent while open interest added 22.52 lakh shares. The sell quantity was slightly higher than buy quantity, suggesting slight build up of short positions.

Nifty April futures, on other hand, ended at 12 points discount. The contract price was down just 0.01 per cent while it added 21.72 lakh shares in OI. The discount spread between the two contracts indicates rollover of short positions to the April series.

On options front, call buying was seen at 2800 while call writing at 2900 strikes and unwinding of longs were observed at 3000 strike suggesting strong resistance for Nifty in near term. Huge put writing was seen at 2800 and 2700 strikes while moderate put buying was observed at 2900 strike. The options build up suggests Nifty will remain in 2750-2850 range.


posted under - Nifty, Nifty updates, indian market updates, NSE updates, bse stocks, NSE stocks, National stock exchange updates, nifty stock updates, march updates
source - www.economictimes.com

19/3/09 - BSE, NSE surpasses key psycological checkpoints (levels)

After a firm opening taking cues from global shores, investors took to profit booking at higher levels. Sentiment worsened after inflation eased close to zero -- a sharp slide towards deflationary territory. The annual rate of inflation fell by as much as 200 basis points to a historic low of 0.44 percent for the week ended March 7 against 2.43 percent for the week before.

However, the silver lining to the fall in inflation rate was that the central bank may take some steps soon to help lower the cost of credit for the corporate sector and push demand, which helped lift sentiment. A positive opening on the European bourses also lent support.

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“Investors were clearly looking at booking profits at short intervals. The Nifty is now trading in a range of 2825-2750. On the upside, the index faces resistance around 2800-2830 levels while the support is around 2750-2740 levels. If the Nifty falls below 2750, then a correction right upto 2675 seems possible,” said Manas Jaiswal, senior technical analyst at Emkay Shares and Stock Brokers.

National Stock Exchange’s Nifty ended above the crucial level of 2800; at 2807.15, up 0.45 per cent or 12.85 points. The index moved in a range of 2822.25 and 2771.35. Bombay Stock Exchange’s Sensex settled at 9,001.75, up 25.07 points or 0.28 per cent. The index swung in a 100-point band through the day.

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The broader market also lost steam during the course of the day but held onto gains. BSE Midcap Index ended 0.52 per cent higher and BSE Smallcap Index was up 1.08 per cent.

Among frontline counters, Sterlite Industries (4.18%), HDFC (2.53%), Tata Consultancy Services (1.62%), Maruti Suzuki (1.7%) and Sun Pharmaceuticals (2.33%) posted modest gains, helping the indices crawl back into the positive territory.

Larsen & Toubro (-4.14%), BHEL (-3.15%), Tata Motors (-2.75%), Reliance Communications (-2.03%) and Mahindra & Mahindra (-1.89%) remained under pressure.

Sectorwise, realty, technology and banking stocks led the upmove while capital goods and auto stocks ended with losses. Market breadth on BSE showed 1354 advances against 1105 declines.

posted under - BSE stocks, sensex updates, daily sensex updates, nse, national stock exchange, nse updates, nse rates, BSE rates

BSE fixes record date for bonus shares

Record Date for Allotment of Bonus Shares

NOTICE IS HEREBY GIVEN pursuant to Section 154 of the Companies Act, 1956 that Friday, the 13th March, 2009 has been fixed as the Record Date for ascertaining the Names of the Shareholders who shall be entitled to receive the Bonus Shares of the Company in the ratio of 12:1 (Twelve New Equity Shares for every One Equity Share held) as approved by the Members at the Extraordinary General Meeting held on Friday, the 20th February, 2009.

Members whose names appear on Register of Members of the Company and /or the Register of beneficial owners maintained by the Depositories as at the close of the Friday, the 13th March, 2009 will be entitled to the aforesaid Bonus Shares.

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Members Holding Shares in Demat Mode The depository accounts of Members holding shares in demat mode will be credited with their entitlement of Bonus Shares and would be intimated accordingly.

Members Holding Shares in Physical Mode Transfer documents received upto the close of Friday, the 13th March, 2009 will be considered for entitlement of Bonus Shares.

Members Holding Shares in Physical Mode but require the Bonus Shares to be in demat mode Such Members should intimate the Company's Registrar and Share Transfer Agent (RTA), about their Client Id and Dp Id Nos. on or before Friday, the 13th March, 2009

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Please inform about change of address to the Company's RTA - Karvy Computershare Computershare Private Limited, Plot No. 17- 24, Beside Image Hospital, Vittrao Nagar, Madhapur, Hyderabad- 500 081 on or before Friday, the 13th March, 2009.
For, Bombay Stock Exchange Limited
Place: Mumbai Date: 25th February,2009
Sd/V. G. BhagatCompany Secretary

posted under - BSE updates, bombay stock exchange, BSE limited, news from BSE, bonus shares news
source -www.bseindia.com

SEBI to simplify share inheritance rules

The Securities and Exchange Board of India (Sebi) will shortly modify some rules pertaining to inheritance of shares, based on the recommendations of the committee on ‘Transmission of Shares’, a person involved with the development told ET.

The move is likely to benefit the legal heirs awaiting inheritance of shares belonging to deceased relatives who neither made a will nor filed the mandatory nomination with depositories.

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The new guidelines will pave the way for quick transmission of shares, especially physical shares. Brokers said investors residing away from urban centres have been facing maximum difficulties with respect to share inheritances.

Transmission means devolution of title to shares otherwise than by transfer, for example, devolution by death, succession, inheritance, bankruptcy, marriage, etc. Transmission is different from ‘transfer’; in transmission a person acquires an interest in the property by operation of law such as right of inheritance or succession, whereas transfer is effected by an act of the parties.

According to some people tracking the committee’s work, Sebi took about 16 months to move ahead on the report despite unanimity among committee members on addressing the difficulties in transmission of physical and dematerialised securities.

“In case of physical shares, companies would have to fix a threshold limit of 200 shares or Rs 1 lakh, whichever is higher, for transmission of shares after submitting the standardised documents,” said a person on the committee. “The limit will be the basic minimum limit to be adhered to by all listed companies.

Companies would require a deed of indemnity, an affidavit and a NoC in case there are other legal heirs. Those companies that have a higher threshold can continue with that,” he said. When the title to shares is passed by an operation of law, the beneficiary need not perform additional formalities.

Companies have different documentary compliances for the legal heirs of the deceased security holder. In many cases, this is tedious and discourages investors from following up on small amounts.

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For instance, in case of a leading bank, a local manager submits a verification report on whether the legal heir possesses a succession certificate or the probated will. Market participants familiar with the development point to the need for updating the nomination of lakhs of investors.

posted under - SEBI, SEBI updates, indices, indian markets updates, indian share markets, indian stocks, bse updates, nse updates

Fund raising through IPO's hits the bottom - 2008

India Inc's capital mobilisation through initial public offering has hit rock bottom as the total amount raised via this route in BSE 2008 aggregated to $ 4,509 million, the lowest in the last three years, says a report.

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Capital mobilisation through IPOs witnessed a fall both in terms of volume and value as only 44 transactions worth $ 4508.85 million were announced, global consultancy firm Grant Thornton said. Way back in 2005, however, there were as many as 64 such deals with an announced value of $ 5521.50, it added.

The total fund mopped up through IPO in 2008 was $ 4.51 billion, 18.34 per cent lower than the amount raised in 2005.Compared with 2007, fund raising has dipped by 54.55 per cent. Fund raising activity through IPO reached its peak in 2007, when a whopping $ 9920.65 million was garnered.

Though there was a fall in both value as well as volume terms but the year 2008 saw several large IPOs across the board including Reliance Power's $ 2.56 billion issue - the largest public issue of 2008, Grant Thornton added.

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The other big IPOs in the year came from Rural Electrification Corp, IRB infrastructure developers and KSK energy ventures each raising $ 410 million, $ 236 million and $ 208 million respectively. The amount of money raised in 2008 was $ 4.51 billion, compared with $ 9.92 billion and $ 5.89 billion in 2007 and 2006 respectively.

posted under - IPO updates, BSE updates, indian markets, indian inc updates, bse stocks, nse stocks, IPO in India, IPO futures

BSE | NSE | DJIA | NASDAQ | Closing rates february 2009

This post 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 :
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-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.


6-2-2009 | FRIDAY | Closing Rates | Comparison with previous day close

BSE (SENSEX) | 9300.86 | Up^209.98
NSE ( NIFTY) | 2843.10 | Up^63.05
DJIA ( DOW JONES) | 8063.07 | Up^106.41
NASDAQ | 1546.24 | Up^31.19


4-2-2009 | WEDNESDAY | Closing Rates | Comparison with previous day close

BSE (SENSEX) | 9201.85 | Up^52.55
NSE ( NIFTY) | 2803.05 | Up^19.15
DJIA ( DOW JONES) | 8078.36 | Up^141.53
NASDAQ | 1516.30 | Up^21.87


2-2-2009 | MONDAY | Closing Rates | Comparison with previous day close

BSE (SENSEX) | 9066.70 | Down(-357.54)
NSE ( NIFTY) | 2766.65 | Down(-108.15)
DJIA ( DOW JONES) | 8000.86 | Down(-148.15)
NASDAQ | 1476.42 | Down(-31.42)