FIIs buy shares worth Rs 171 crore

Foreign institutional investors on Thursday were the net buyer of shares worth Rs 170.92 crore amid a marginal gain of nearly 61.52 points or 0.57 per cent in the benchmark index of the Bombay Stock Exchange.

FIIs were the gross buyer of shares worth Rs 2,076.63 crore whereas they sold stocks worth Rs 1,905.71 crore, resulting in a net purchase of shares worth Rs 170.92 crore, the provisional data available with the BSE shows.

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On Wednesday, FIIs were the net buyer of shares worth Rs 484.10 crore, the latest data available with the market regulator Securities and Exchange Board of India shows.

Similar trend was witnessed among the domestic institutional investors (DIIs). As per the BSE data, DIIs were the net purchaser of stocks worth Rs 308.39 crore.

However, two other market participants -- brokers on the behalf of their clients and non-resident Indians (NRIs) booked profit and were altogether seller of shares worth Rs 77.42 crore.

Proprietors, on the other hand, were optimistic about the market and invested a net Rs 24.90 crore in shares.

posted under - FII updates, investment in india, FII updates, FII in india, indian market updates, BSE rates, BSE live

Nifty updates April 2009 - Nifty premium widens

NSE stock Updates - Trade on Indian bourses was extremely choppy on Wednesday, with a steep fall initially on weak cues from global markets and a smart recovery later. The lower levels triggered heavy short covering as well as strong buying in frontline stocks, and even more aggressively in mid and small caps.

National Stock Exchange’s (NSE) 50-share Nifty ended 2.65 per cent higher at 3342.95 from Monday’s close. Intraday, the index touched a high of 3357.05 bouncing off a low of 3149.25. The top gainers were HCL Technologies (11.13%), Nalco (8.71%), GAIL (7.33%) and Unitech (7.07%).

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In futures, Nifty April provisionally ended at a premium of 12 points, expanding from 5 points Monday. The contract price rose 2.89 per cent and open interest added enormous 60.79 lakh shares (provisional). The buy quantity was nearly twice that of sell, which indicates short covering and build up of long positions.

On the options front, unwinding of short positions was observed at Nifty strikes 3300 and 3200 while call buying was seen from 3400-3600 levels. On the other hand, put writing was witnessed at strikes 3300 and 3200. This hints at extended gains near term.

“The rally in late trade reminded me of Mark Mobius’ words that the Bull Run has already started. Now all eyes are on corporate earnings and the parliamentary elections. Any positive development on this front may lead Nifty to 3800 level and any unfavorable development may see some correction in the near term. However, at current levels I don’t expect any heavy correction,” said Kapil Mehta, analyst at Flexion Advisory.

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Among stock futures, Reliance Industries April advanced 3.5 per cent and added 6 lakh shares in open interest. Reliance Infrastructure gained 0.55 per cent and added 3.35 lakh shares in OI. ICICI Bank rose 0.41 per cent and open interest added 10.5 lakh shares. JP Associates surged 9.3 per cent and added 24 lakh shares in OI.

Essar Oil April futures climbed 4.19 per cent while OI shed 1 lakh shares. NTPC soared 7.3 per cent and OI added 30.51 lakh shares. Larsen & Toubro jumped 5.26 per cent and OI added 6 lakh shares. Unitech advanced 8.59 per cent adding 1 crore shares in OI.

Total F&O turnover on NSE was Rs 63,465 crore, up 31 per cent against Rs 48,445 crore on 6/4/09.

posted under - Nifty updates, NSE updates, NSE india, Nifty stocks, Nifty 50 updates, NSE, National Stock exchange stocks, indian markets updates

United Spirits, McDowell Holdings delisted from Delhi Stock exchange

United Spirits Ltd and McDowell Holdings Ltd,both controlled by Vijay Mallya engaged in production and supply of liquor business, on Wednesday said equity shares of both companies have been delisted from Delhi Stock Exchange Ltd with effect from March 31, 2009.

Delhi Stock Exchange Ltd has informed the two firms that their equity shares stand delisted from the the DSE following their request in this regard, United Spirits and McDowell Holdings said in separate regulatory filing with the Bombay Stock Exchange.

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The two companies had earlier filed an application with DSE for delisting of their equity shares after seeking approval from shareholders of the said firms.

Shares of United Spirits and McDowell Holdings closed at Rs 682.25 and Rs 43.45, up 2.85 and 4.95 per cent, respectively, on the BSE.

posted under - DSE updates, United spirits updates, Indian stock markets, BSE stocks, Mcdowell updates, United spirits company updates, Vijay Mallya owned company's

Realignment of NSE indices to widen index funds' tracking errors

The proposal to realign NSE indices on the basis of free-float market capitalisation will put index funds and exchange-traded funds in a spot of bother. According to mutual fund analysts, the exchange-proposed changes in stock weightages will result in widening of tracking error in index funds.

Index funds are passively-managed funds, wherein the fund manager attempts to mirror the performance of a benchmark index, by investing the corpus in the index components in proportion to their weightage in the index.

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Tracking error is the difference between returns from the index fund to that of the index. Lower the tracking error, closer are the returns of the fund to that of the target index.

Funds with tracking error lower than 1% are considered good performers, according to mutual fund analysts. The NSE-proposed shift in stock weightages could deviate fund returns (from index returns) in the range of 6-10%, industry sources said.

"There could be some tracking error as weightage realignment of the whole index would mean a lot of buying and selling of shares," said an index fund manager.

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"Unlike in other times when one stock is excluded from the index, the whole benchmark is being revamped this time round. However, the realignment process won’t take long as net AUM in index funds and ETFs are just over Rs 1,300 crore," the fund manager said.

According to analysts, stocks that were heavyweights, but had low floating stock will be adversely impacted because of the realignment. HDFC (+2.7%), ITC (+5.2%), Infosys (3.8%) and ICICI Bank (+2.8%) would be the major beneficiaries while NTPC (-6.7%), ONGC (-3.5) and Bharti Airtel (-1.7) would lose their weightage in the index. Sector-wise, a positive shift in weightage would be witnessed in banking and FMCG while power and oil & gas would be major losers.

posted under - NSE updates, NSE realignment, NSE stocks realignment, Nifty updates, Nifty stocks updates, National Stock exchange, NSE stocks updates

BSE and NASDAQ OMX war takes legal turn

A bitter battle seems to be brewing between Asia’s oldest equity bourse and one of the world’s largest exchange technology providers. While it is already known that an agreement signed between the Bombay Stock Exchange (BSE) and OMX — now known as Nasdaq OMX — in January 2008 has gone sour, an arbitration process is being explored now. ET has learnt that BSE has already sent a legal notice to OMX.

According to people familiar with the development, BSE has sent a legal notice to OMX recently, asking for a compensation of around $137 million by way of lost business opportunity. It has also charged the technology provider with not honouring its commitments.

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It is believed that both parties, accompanied by their legal advisors, met in Mumbai about two weeks ago, but couldn’t reach any settlement. “The board has taken a call to get out of the contract with OMX as they have not kept their commitments,” said a BSE board member.

In January 2008, BSE and OMX signed an agreement, under which OMX was to provide trading and clearing systems to strengthen BSE’s derivatives and securities trading capabilities. The new platform would also have allowed BSE to clear a wider range of products, as well as offer a new set of clearing services to its members. Further, the first phase of the system rollout was scheduled for launch by mid-2008.

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However, the deal was called off later that year. BSE had already paid $5 million as the first tranche to OMX for the contract valued at $37.5 mn. OMX, incidentally, is a technology supplier to more than 70 exchanges globally.
In an emailed reply, the BSE spokesperson said: “The agreement has been terminated and as per the provision of the agreement, there is an arbitration mechanism, which is being explored.”

OMX, on the other hand, refused to comment. “Our policy is to not give detailed comments about our customers. Therefore, we will unfortunately not be able to provide you with any comment,” it said via email. Interestingly, people familiar with the development also say there is a likelihood of OMX filing a counter-suit against BSE in London.

posted under - BSE news, BSE stocks updates, BSE v/s nasdaq, BSE nasdaq OMX battle, BSE latest updates, bse and nasdaq news, Nasdaq news and updates, BSE news and updates
source - www.economictimes.com

BSE | NSE | DJIA | NASDAQ stock rates at closing

Hi all the esteemed visitor's to my blog, this post would show the closing stock rates of Indian Stock markets like the Bombay Stock Exchange(BSE) NIFTY(national Stock exchange as well as the closing rates of Dow Jones Industrial Average(DJIA) and Nasdaq last two are both from USA. How ever all the rates are according to indian standard calendar and time (please check the US timings for corresponding DJIA and nasdaq closing rates.

Normally for eg - 21st april 2009 in this post would correspond to 20th april 2009 and so on.
This post provides closing indices rates for the month of April 2009

the format for display would be as follows :

Stock index name Closing rate change Remarks wrto previous close

April 30/09 BSE - NSE - NASDAQ - DJIA Closing stock rates

SENSEX - 11403.25 - 401.50 - Up^401.50
NIFTY - 3473.95 - 111.60 - Up^111.60
NASDAQ - 1711.94 - 38.13 - Up^38.13
DJIA - 8185.73 - 168.78 - Up^168.78

April 28/09 BSE - NSE - NASDAQ - DJIA Closing stock rates

SENSEX - 11001.75 - (-370.10) -  Down(-370.10)
NIFTY - 3362.35 - (-107.65) - Down(-107.65)
NASDAQ - 1679.41 - (-14.88) - Down(-14.88)
DJIA - 8025.00 - (-51.29) - Down(-51.29)

April 27/09 BSE - NSE - NASDAQ - DJIA Closing stock rates

SENSEX - 11371.85 - 42.80 - Up^42.80 pts
NIFTY - 3470.00 - (-10.75) - Down(-10.75)
NASDAQ - 1694.29 - 42.08 - Up^42.08 pts
DJIA - 8076.29 - 119.23 - Up^119.23 pts

April 23/09 BSE - NSE - NASDAQ - DJIA Closing stock rates

SENSEX - 11134.99 - 317.45 - Up^317.45 pts
NIFTY - 3423.70 - 93.40 - Up 93.40 pts
NASDAQ - 1646.12 - 2.27 - Up 2.27 pts
DJIA - 7886.57 - (-82.99) - Down(-82.99) pts

April 9/09 BSE - NSE - NASDAQ - DJIA Closing stock rates
SENSEX - 10803.86 - 61.52 - Up^61.52 pts
NIFTY - 3342.05 -(-0.90) - Down(-0.90) pts
NASDAQ - 1590.66 - 29.05 - Up^29.05 pts
DJIA - 7837.11 - 47.55 - Up^47.55 pts

April 7/09 BSE - NSE - NASDAQ - DJIA Closing rates
SENSEX - 10742.34 - 207.47 - Up^207.47 pts
NIFTY - 3342.95 - 86.35 - Up^86.35
NASDAQ - 1561.61 -(-45.10) - Down(-45.10)
DJIA - 7789.56 - (-186.29) - Down(-186.29)


April 6/09 BSE - NSE - NASDAQ - DJIA Closing rates
SENSEX - 10534.87 - 186.04 - Up^186.04 pts
NIFTY - 3256.60 - 45.55 - Up^45.55
NASDAQ - 1621.87 - 19.24 - Up^19.24
DJIA - 8017.59 - 39.51 - up^39.51

April 3/09 BSE - NSE - NASDAQ - DJIA Closing rates

SENSEX - 10348.83 - 446.84 - Up^446.84 pts
NIFTY - 3211.05 - 150.70 - Up^150.70 pts
NASDAQ - 1602.63 - 51.03 - Up^51.03 pts
DJIA - 7978.08 - 216.48 - Up^216.48 pts

April 2/09 BSE - NSE - NASDAQ - DJIA closing rates

SENSEX - 10348.83 - 446.84 - Up^446.84 pts
NIFTY - 3211.05 - 150.70 - Up^150.70 pts
NASDAQ - 1551.60 - 23.01 - Up^23.01 pts
DJIA - 7761.60 - 152.68 - Up^152.68 pts

posted under - BSE stocks updates, NSE rates, BSE rates, DJIA closing, Nasdaq closing, BSE closing, NSE closing , April 2009 stock closing