NIFTY closes up^44.80 pts | SENSEX up^147.92 due to promising global environment

Looks like the recession period is finally over and Asian markets are in green at closing today, moreover Canadian government has given hint that global economic recession has finally ended. Closing of BSE's SENSEX NIFTY is as follows :

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Nifty closed at 4569.40, up 45.95 points or 1.02 per cent. The index touched an intra-day high of 4578.75 and low of 4504.85.

Sensex closed at 15382.35, up 151.31 points which is nearly rise of 1 percent. The 30 share Index touched an intra-day high of 15418.61 and low of 15168.52.

BSE Midcap Index gained 1.66 per cent and BSE Smallcap Index moved 1.80 per cent up. BSE Auto Index was up 5.04 per cent, BSE Realty Index gained 4.23 per cent and BSE Metal Index climbed up 2.25 per cent. BSE Bankex declined 0.84 per cent.

SENSEX rises 400 pts | NIFTY up 122 pts as recession ease

Also Read - Why New York is loosing "World Financial Capital" Tag

Bombay Stock Exchange's SENSEX index gained over 400 pts today as investors become bullish about recovering economic recession, NSE's NIFTY also closed up 122 pts as similar bullish sentiments were prevelant through out the trading sessions through out the day, Detailed and sector wise performace of the day of both SENSEX ans NIFTY is as follows :

Nifty ended at 4521.55, up 122.65 points or 2.79 per cent. The broader index touched a high of 4532.40 and low of 4405.95.

Sensex closed at 15237.94, up 394.82 points or 2.66 per cent. The index touched an intra-day high of 15264.84 and low of 14997.75.

BSE Midcap Index gained 2.38 per cent and BSE Smallcap Index moved 2.95 per cent higher.

Sectoral performance of BSE was as follow:

BSE Realty Index jumped 5.61 per cent higher, BSE Metal Index gained 4.34 per cent and BSE FMCG Index moved up 4.09 per cent.

Biggest gainers that propelled the 30-share Sensex were DLF (7.76%), Reliance Infrastructure (6.76%), Maruti Suzuki (6.63%), Hindalco Industries (6.2%) and ACC (5.96%).

BSE | NIFTY down due to profit making

Major Indian Stock Markets including BSE , NSE closed in red as speculator's were more actively selling then investor's and SENSEX, NIFTY closed in red by over over 215 pts and 70 pts resp, hence speculator's booked profits.

Bombay Stock Exchange’s Sensex ended at 14,843.12, down 219.37 points. The broader index hit a high of 15369.42 and low of 14786.58 . BSE had 1374 declines against 1231 advances on BSE.

National Stock Exchange’s Nifty closed at 4398.90, down 70.2 points. The index touched an intra-day low of 4380.45 and high of 4557.95.

The BSE Midcap Index was down 0.97 per cent and BSE Smallcap Index inched 0.35 per cent lower.

Amongst the sectoral indices, BSE Capital Goods Index declined 1.87 per cent, BSE IT Index was down 1.6 per cent and BSE Auto Index fell 1.61 per cent.

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.