Sensex closes 151 pts up | Nifty up ~50 pts

BSE sensex gained 151 pts to close at 14645.47 and Nifty closed at 4340.90 up by 49.80 pts. “Nifty has resistance at 4305-4335-4355 and above 4355 it may move to 4370 during the day. The index has support at 4270-4250-4225 and below 4225 we can see more selling pressure and Nifty could move to 4200-4185,

One and half hour after market opened today Sensex was at 14433.17, down 60.67 points or 0.42 per cent. The index touched an intra-day high of 14648.42 and low of 14400.42, NSE Nifty was at 4273.45, down 17.65 points or 0.41 per cent. The broader index touched an intra-day high of 4338.25 and low of 4261.35.

BSE Midcap Index was down 0.61 per cent and BSE Smallcap Index fell 0.74 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.66 per cent, BSE PSU Index slipped 1.09 per cent and BSE Power Index declined 0.85 per cent. BSE FMCG Index was 0.62 per cent higher.

Market breadth was negative on the BSE with 1444 declines and 671 advances today.

Invest in equity funds and get best gains in short span

Mutual funds are proving to be best investments presently as quarterly gains are at 17 yrs high BSE is also on rise and infrastructure stocks are best stocks for investment right now as according to me property rates would again touch sky heights so will be any of the infrastructure Mutual funds investments here are some of the details about how Mutual funds have performed in last quarter and have given best returns.

"The underperformance of equity funds was primarily owing to their exposure to non-equity assets like bonds, cash, etc during the early part of the quarter," he added.

Indian shares rallied during April-June, second only to Vietnam in Asia, on signs of an economic recovery and hopes for market-friendly policies by the re-elected Congress-lead government.

The gain was the biggest rise for the benchmark since it soared 124.5 per cent in the March quarter of 1992 when Manmohan Singh, who was then finance minister, kicked off reforms to open up the economy.

However, many diversified equity funds, which held an average 15 per cent of their assets as cash at the end of March and nearly 14 per cent at end-April, missed the share market surge.

They also invested about 30 per cent of their equity assets in energy sector and defensives such as consumers and drug firms, which lagged behind sharper rallies in sectors such capital goods, financials and metals.

Dow Jones Industrial Average up 1 percent on energy stocks

(29/6/09 DJIA stocks updates) - It's bright morning out here and US stock markets are singing as they are full of Energy today, i mean Energy stocks are talking high and have turned DJIA , Nasdaq, S & P 500 into green territory and today's future look same till the end so go and bring some energy stocks home. will see you and update with latest US stocks updates.

U.S. stocks extended gains on Monday with the Dow industrials up nearly 1 percent as higher oil prices boosted energy shares.

The Dow Jones industrial average (DJIA) rose 79.88 points to 8,518.27. The Standard & Poor's 500 Index (S & P 500) added 7.02 points to 925.92. The Nasdaq Composite Index (Nasdaq) increased 6.06 points to 1,844.28.

BSE | Nifty growth looks deceptive wrto FII's made

The Indian stock market has risen sharply on the back of renewed foreign inflows in recent weeks. The Sensex is up 45% compared to its level in both January and April. FII inflows, which were negative in 2008-09, have turned positive. In April and May, we had $5 billion of net FII inflows into the Indian stock market.

First, it would be unwise to make any linear extrapolation from the FII inflows seen so far. In 2008-09, foreign investors fled the Indian market just as they did other emerging markets. FII inflows in 2008-09 were minus $11 billion. This was a panic reaction to troubled conditions in the US and Europe. In such conditions, there is a ‘flight to safety’- investors tend to pull their money out of risky assets and park it in US treasuries.

Since 1991, only once before have we seen negative FII flows and that was in 1998-99 when FII flows were minus $390 million. At that time, the crisis was centred in East Asia. Now, it’s centred in the US, which is by far the biggest source of portfolio flows. That is why FII outflows in 2008-09 have been far larger than in the East-Asian crisis.

Investors see the global situation as stabilising although recovery will be a long drawn-out affair. They also think that some emerging markets, such as India and China, will do better than thought a few months ago. The withdrawal of FII funds from India last year caused valuations to drop to a level where entry became attractive. So, FII flows have returned with a bang.

But this does not mean that FII inflows will continue at anywhere near the same pace as in April-May. FII flows attained their peak of $20 billion in 2007-08 at the height of the global boom. The next highest level was $11 billion in 2003-04. It is unlikely that FII flows in the current year can match the 2007-08 level.

courtesy economictimes

SEBI constitutes committee for its investor protection fund

Market regulator SEBI has constituted an eight-member advisory committee for its Investor Protection and Education Fund to educate market participants and protect their interest .

The committee will recommend investor education and protection activities that may be undertaken directly by the regulator or through any other agency, SEBI said in a release while announcing the members of the committee.

The committee comprises SEBI Executive Director R K Nair, Retired IAS S G Kale, Head of Department of Financial Studies of Delhi University's Sanjay Sehgal, D N Raval Partner from , Raval & Raval Associates and Mala Banerjee President, Federation of Consumer Associations, West Bengal.

While other members are A K Narayan President, Tamil Nadu Investors Association and two general managers from SEBI G P Garg and Suresh Menon.

New companies to be included in NIFTY

National Stock Exchange (NSE) said five companies will be included in Nifty Midcap 50 Index with effect from June 26.

IDBI Bank, JSW Steel, United Phosphorous, Cummins India and Educomp Solutions would be included stocks in Nifty Midcap 50 Index from June 26, the exchange said in a notice.

Besides, five others stocks Bombay Dyeing, Mahindra Lifespace, Peninsula Land, Kesoram Industries and TVS Motor Company would also be excluded from the index.

The Futures and Options contracts for new expiry months in the following securities will not be issued on expiry of existing contract months, the exchange said.