Posts
Benchmark index SENSEX closed on a higher note today mainly due to gains in auto, FMCG and capital goods space. Positive European markets provided some support to the market towards close of the session. It may be recalled that markets fell by record 870 pts yesterday after Union Budget was presented(read full report) for budget highlights(click here).
Bombay Stock Exchange’s Sensex closed at 14156.02, up 112.62 points. The 30-share index touched a low of 14000.68 and high of 14251.88 in trade so far.
National Stock Exchange’s Nifty was at 4191.90, up 26.20 points. The index touched an intra-day high of 4231.80 and low of 4155.50.
BSE Midcap Index gained 0.98 per cent and BSE Smallcap Index slipped 0.32 per cent.
BSE FMCG Index gained 3.95 per cent, BSE Auto Index was up 3.92 per cent and BSE Capital Goods Index moved 1.74 per cent higher. BSE PSU Index slipped 1.76 per cent and BSE Oil&gas Index declined 1.12 per cent.
Tuesday, July 7, 2009
SENSEX closing - up 112 pts | Nifty closing - up 26 pts
Monday, July 6, 2009
Budget not on lines of BSE, fells 870 pts
The BSE benchmark Sensex suffered the biggest fall on any Budget day and in the year by plunging over 869 points on the Bombay Stock Exchange(BSE) on concerns over the high fiscal deficit set by the Union Budget.
Budget 2009-10 highlights
The Sensex, which started coming down soon after the announcement of budgetary proposals, dipped below 14,000-point level before closing 869.65 points down at 14,043.40, surpassing the hefty fall of 749 points on January 7.
The key index had touched the day's low of 13,959.44 as all the heavyweight stocks led by Reliance Industries suffered a heavy loss 6.53%.
Besides the fiscal deficit, trading sentiment also affected as European stocks dipped to a seven-week low on worries that economic recovery might still be far way off.
The 50-share National Stock Exchange index Nifty also tumbled by 258.55 points to 4,135.70, after hitting the day's low of 4,133.70.
Finance minister Pranab Mukherjee said the fiscal deficit may rise to 6.8% of gross domestic product in the year 2009-10, the highest since 1994.
Budget 2009-10 highlights
Banking sector stocks suffered the most, losing 8.17% to 7,768.63, as ICICI Bank tumbled by 10% and HDFC Bank by 5.88% among lenders as the Budget did not have measures to open up the industry and on concerns that the borrowing plan will reduce the value of bond holdings, brokers said.
Thursday, July 2, 2009
Technical snag hits BSE during trading - 2/7/09
There was a technical glitch on the BSE for 3-4 hours that led to circuit filters being removed. This saw a surge in some mid cap and small cap stocks on huge volumes. But the error was rectified during market hours.
Shares of Assam Company ended at Rs 15.37 after moving between a high of Rs 16.25 and low of Rs 14.81. The stock has an upper circuit of Rs 15.31 and lower circuit of Rs 13.19. But according to dealers, the stock price shot up to Rs 77.20 at 3.06 pm with the volume at 1,38,35,059 shares. However, the closing figures on the BSE website do not show the price or volume.
The stocks which saw such movement on the BSE were: EMCO ended at Rs 83.75 with the intra day high/low of Rs.88.30/81.45, while the circuit limits were Rs. 85.50/77.40. Ahaluwalia Co ended at Rs.91.20 with intraday high/low of Rs.102.80/87.25 while the circuit limit was Rs.91.20/82.60. Ackruti ended at Rs.515.55 with intra day high/low of Rs.545.00/505.00 whereas the circuit limits were Rs.534.90/484.00.
Although traders repose faith in BSE’s administrative and regulatory capabilities, today’s trade has cast doubts.
courtesy economictimes
Wednesday, July 1, 2009
SENSEX | NIFTY closing rates for july 2009
The post provides closing rates details of BSE (Bombay Stock Exchange) , NSE (National Stock Exchange) on per day basis.
For world markets updates : Click here and for US markets updates : Click here.
BSE NSE closing rates for july 2009
24/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 15378.96 Up^147.92
NIFTY Closing rate 4568.55 Up^44.80
23/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 15231.04 Up^387.92
NIFTY Closing rate 4523.75 Up^124.85
22/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 14843.12 Down(-219.37)
NIFTY Closing rate 4398.90 Down(-70.20)
21/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 15062.49 Down(-128.52)
NIFTY Closing rate 4469.10 Down(-33.15)
20/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 15191.01 Up^446.09
NIFTY Closing rate 4502.25 Up^127.30
17/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 14744.92 Up^494.67
NIFTY Closing rate 4374.95 Up^143.55
16/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 14259.78 Up^6.54
NIFTY Closing rate 4253.50 Up^0.2
SENSEX Closing rate 14253.24 Up^399.54
NIFTY Closing rate 4233.50 Up^122.10
SENSEX Closing rate 13853.70 Up^453.83
NIFTY Closing rate 4111.40 Up^137.35
SENSEX Closing rate 13504.22 Down(-253.24)
NIFTY Closing rate 4003.90 Down(-77.05)
SENSEX Closing rate 13757.46 Down(-11.69)
NIFTY Closing rate 4080.95 Up ^2.05
SENSEX Closing rate 14170.45 Up^127.05
NIFTY Closing rate 4202.15 Up^36.45
SENSEX Closing rate 14043.40 Down(-869.65)
NIFTY Closing rate 4165.70 Down(258.55)
3/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 14913.05 Up^254.56
NIFTY Closing rate 4424.25 Up^75.40
2/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 14658.49 Up^13.02
NIFTY Closing rate 4348.85 Up^7.95
1/7/09 - Sensex Nifty closing stock rates Remarks wrto previous close
SENSEX Closing rate 14645.47 Up^151.63
NIFTY Closing rate 4340.90 Up^49.80
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.