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Benchmark index closed almost flat after heavy selling for 2 days post budget session presented by Pranab Mukherjee(see budget highlights) , And mood on dalal street is completely bearish and future looks no bright as there are bears all around.
National Stock Exchange’s Nifty closed at 4080.95 up 2.05 points. The broader index hit a low of 4039.85 and high of 4114.90.
Bombay Stock Exchange’s (SENSEX) closed at 13,757.46, down 11.69 points or The index touched an intra-day low of 13643.97 and high of 13,879.18.
Market breadth comprised 1462 declines against 1078 advances on the BSE. The BSE Midcap Index was up 0.58 per cent and BSE Smallcap Index slipped 0.14 per cent.
In the Union Budget for this fiscal, tax benefits for Software Technology Parks of India (STPI) have been extended by one year. This is likely to have a positive impact on the front-line IT companies as their FY2011 earnings estimates would get upgraded by 3-5% while that of the mid-cap IT companies would see a higher upward revision,” said Sharekhan report. and Infosys results may trigger bulls and market may rise after the results of Infy are declared.
Thursday, July 9, 2009
SENSEX | Nifty closes flat - 9/7/09
Wednesday, July 8, 2009
BSE's SENSEX closes below 14000 mark - 8/7/09
Bomabay Stock Exchange's(BSE) benchmark index SENSEX closed under 14000 mark as global environment is discouraging as US stocks shed more then 3 percent yesterday and major economies under great pressure, second largest economy of Japan is also facing tough conditions.
Most of FII sell their shares and BSE fell by over 400 pts today whereas NSE's Nifty fell 123 pts today as all the sub indexes were seen in red.
The details of BSE closing is as follows :
National Stock Exchange’s Nifty ended at 4078.90, down 123.25 points or 2.93 per cent. The broader index touched an intra-day low of 4061.10 and high of 4201.85.
Bombay Stock Exchange’s Sensex closed at 13,769.15, down 401.30 points or 2.83 per cent. The 30-share index hit a low of 13701.76 and high of 14039.58 in day’s trade.
The BSE Midcap Index was down 3.66 per cent and BSE Smallcap Index fell 3.73 per cent.
Major companies which were worst hit included Tata Steel, Sterlite Industries, DLF, Reliance Infrastructure and Larsen & Toubro were the worst hit.
Few of Nifty gainers were ACC, Maruti Suzuki, Hero Honda, Grasim Industries, and NTPC.
Fall in US markets on poor economic data and 3 per cent decline in Japanese machinery orders in May led to the onset of the fall back home. Below average rainfall in most parts of India also hurt sentiments.
Tuesday, July 7, 2009
SENSEX closing - up 112 pts | Nifty closing - up 26 pts
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.
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