SENSEX closes down 128 pts | Nifty down 33 pts

(21/7/09) - Yesterday's rally in BSE's SENSEX and NSE's NIFTY was mere traders and brokers work who booked heavy profits by selling today as the indian stock indices remained in red throughout the day, The details about the BSE closing | Nifty closing is as shown below :

Bombay Stock Exchange’s Sensex closed at 15040.63, down 150.38 points or 0.99 per cent. The index touched an intra-day low of 14955.88 and high of 15234.21.

National Stock Exchange’s Nifty ended at 4461.80 down 40.45 points or 0.90 per cent. The broader index hit a low 4436.60 and high of 4524.

BSE IT Index was down 1.93 per cent, BSE Power Index slipped 1.86 per cent and BSE PSU Index declined 1.54 per cent.

BSE Metal Index was up 0.79 per cent and BSE Auto Index gained 0.04 per cent.

SEBI scraps no delivery period during Corporate announcements Events

To avoid volatility in markets, watchdog SEBI has done away with the practice of keeping shares under no-delivery during the record date for corporate announcements like bonus or dividend.

No-delivery period means that trading during the record date would not result in any delivery of shares.

However, this system was useful when trading used to take place in the physical form as certificates had to be delivered before record date starts to the registrars of companies.

However, the practice lost importance during the present days of demat or electronic trading.

"...it is decided to do away with 'no-delivery period' for all types of corporate actions in respect of the scrips which are traded in the compulsory dematerilaised mode," market regulator SEBI said in a circular.

Market analysts said the move will prevent market volatility.

"The announcement would prevent fluctuation in prices and it is good for the market," brokerage firm SMC Global Vice- President Rajesh Jain.

SEBI added the circular is issued to protect the interests of investors in securities and to promote and regulate the securities market and it would come into effect from August 1, 2009.

courtesy - economictimes

BSE | NIFTY closes 3.03 percent | 2.91 percent respectively

BSE opened in green today as technology major TCS posted a more then expected profit in Q2 for the year and the trend was followed by all the asian stocks as CITI group posted a $4.3 billion Q2 profit and the trend continued for all the trading sessions today as Reliance Inustries Limited, ICICI bank pushed the market up . All the subindexes of BSE were up details of the day were as follows:

Bombay Stock Exchange’s Sensex ended at 15,191.01, higher by 446.09 points or 3.03 per cent. The 30-share index hit a high of 15,209.36 and low of 14854.17.

National Stock Exchange’s Nifty closed at 4502.25, up 127.3 points or 2.91 per cent. The index touched an intra-day high of 4510.30 and low of 4377.90.

BSE Midcap Index was up 2.54 per cent and BSE Smallcap Index moved 2.52 per cent higher.

Amongst the sectoral indices, BSE IT Index moved 7.26 per cent higher, BSE Realty Index advanced 4.91 per cent and BSE Bankex moved up 4.37 per cent.

BSE's SENSEX | NSE's NIFTY closes just marginal up 16/07/09

Bombay Stock Exchange’s Sensex ended at 14259.78, up 6.54 points. The index touched an intra-day high of 14493.10 and low of 14169.58. BSE Auto Index was up 2.10 per cent, BSE Oil&gas Index gained 1.82 per cent and BSE Healthcare Index moved 0.81 per cent higher. BSE Capital Goods Index was down 1.65 per cent.

National Stock Exchange’s NSE's Nifty closed at 4253.50, up 0.2 points. The index touched an intra-day high 4305 and low of 4205.50.

BSE Midcap Index was up 0.34 per cent and BSE Smallcap Index moved 0.43 per cent higher.

SENSEX > NIFTY closes 2.88 percent up as reality and metal stocks rise

Bombay Stock Exchange’s Sensex closed at 14,253.24, up 399.54 points or 2.88 per cent. The 30-share index hit a high of 14299.54 and low of 13891.04.

National Stock Exchange’s Nifty ended at 4233.50, up 122.1 points or 2.97 per cent. The index touched an intra-day high of 4249.55 and low of 4118.75.

The BSE Midcap Index closed 4.15 per cent and BSE Smallcap Index moved 4.56 per cent higher. Amongst BSE Realty Index gained 7.98 per cent, BSE Metal Index moved 5.67 per cent higher and BSE Power Index advanced 4.77 per cent.

BSE News and Updates - election for filling of trading member director

(source - bseindia.com) - The Trading Members of Bombay Stock Exchange Limited (the Exchange) are hereby informed that a vacancy shall arise at the ensuing Fourth Annual General Meeting of the Exchange to be held on Friday the 7th August, 2009 due to completion of two consecutive terms pursuant to Article 13.18A of the Articles of Association by one of the Trading Member holding office as a Director in the Trading Member Director category at the said meeting.

The Board of Directors of the Exchange has decided to fill in the said vacancy in the Trading Member Director category under the provisions of Rules, Bye-laws and Regulations and Articles of Association of the Exchange.

Accordingly, nominations are invited from the eligible Trading Members of the Exchange pursuant to Article 13.16.2 of the Articles of Association to fill in ONE vacancy in the Trading Member Director category, at the Fourth Annual General Meeting of the Exchange.

Sr.No.	Nature of activity	Date
1	Issue of nomination forms.	24.06.2009
2	Last date for submission of duly filled in nomination forms.	23.07.2009
3	Last date for withdrawal of nomination forms.	28.07.2009
4	Election of Trading Member Director by Shareholders.	At the Fourth Annual General Meeting to be held on Friday the 7th August, 2009.

Trading Members are advised to note the following terms and conditions of election:

The manner of election, appointment, tenure, resignation, vacation etc. of trading member directors shall be governed by Companies Act, 1956 save as otherwise specifically provided under or in accordance with the Securities Contracts (Regulation) Act, 1956, The BSE (Corporatisation and Demutualisation) Scheme, 2005 and the Circulars issued by SEBI from time to time specifying the Governance of the Exchange.
The conditions of eligibility and the method of appointment of Trading Member Directors shall be governed by the Articles of Association, Rules, Bye-laws and Regulations and SEBI’s letter dated 31st August, 2005 prescribing the manner of appointment of Directors and other incidental and consequential matters related to the governance of the Exchange.
Since the election if required by ballot, shall be conducted under the provisions of the Companies Act, 1956, Rules 96 to 112 given under the Chapter “Election of the Governing Board and Office Bearers” framed prior to Corporatisation of the Exchange to suit its requirement as an “Association of Persons” as per its constitution and objects, shall apply only to the extent it is not contrary to the provisions of the Companies Act, 1956, Articles of Association of the Exchange and SEBI directives on the governance of the Exchange issued from time to time.