BSE updates - BSE acquires 15 percent in USE

(under BSE Updates - 7-8-09) - Bombay Stock Exchange said on Friday it will acquire a 15 percent stake in United Stock Exchange (USE), which focuses on currency and interest rate derivatives.

USE plans to launch interest rate futures upon receiving regulatory approval, BSE said in a statement. "New products are expected to be launched in the coming years to help market participants manage their interest rate risks," the statement said.

"USE will provide an advanced trading platform for these products and will be an important driver of innovation in terms of product and market development," it added. State-run Punjab National Bank , Bank of Baroda and Union Bank of India are among the stakeholders in United Stock Exchange, which was set up with paid-up capital of 1.5 billion rupees.

SENSEX in red as Speculators book profits by selling auto stocks

Benchmark SENSEX closed 2.45 percent down as investors sold auto stock which rose 19 percent in past 31/2 weeks. Nifty also closed in red and was down 2.3 percent at closing today.


The 30-share BSE index provisionally ended down 389.69 points at 15,514.14, with 29 stocks declining.

The 50-share NSE index provisionally closed down 2.3 percent at 4,585.75.

The broader market ended on a weak note as well. The BSE Midcap Index was down 2.37 per cent while BSE Smallcap Index climbed 1.24 per cent.

Market breadth on BSE worsened with 1603 declines outnumbering 1088 advances.

The BSE Sensex provisionally fell 2.45 percent on Thursday, as investors took profits on a near 19 percent jump over the past 3-½ weeks.

BSE SENSEX | NIFTY closes in red - 4/8/2009

Indian Share Markets (both NIFTY and BSE) is not a market for investors rather it is market of speculator's was again proven correct today when all the major indian stock markets closed in red. The details for BSE rates at closing is given below :

BSE had 1,476 advances and 1,246 declines today.

Bombay Stock Exchange’s Sensex ended at 15,830.98, down 93.25 points or 0.59 per cent. The index touched an intra-day low of 15699.13 and high of 16002.46.

National Stock Exchange’s Nifty closed at 4680.50, down 30.90 points or 0.66 per cent. The broader index hit a low of 4642.60 and high of 4731.45 intraday.

Sectoral performance - BSE Healthcare Index declined 1.35 per cent, BSE Power Index was down 1.28 per cent and BSE Realty Index slipped 1.20 per cent. BSE Auto Index was up 0.51 per cent and BSE FMCG Index gained 0.36 per cent. The BSE Midcap Index was down 0.24 per cent and BSE Smallcap Index was up 0.32 per cent.

NHPC IPO on August 7/2009

(under NHPC IPO updates) - National Hydroelectric Power Corporation (NHPC) will raise Rs 6,000 crore from the Initial Public Offer (IPO), which will hit the market on August 7.

NHPC has fixed the price band between Rs 30-36 per equity share. On the ongoing projects, Sharma said that 11 projects of 4,622 MW capacity are currently under construction at various stages.

"The company is awaiting government's nod for five more projects with a capacity of 4,565 MW and certain joint venture projects having capacity of 2,166 MW," he said.

"Our current installed capacity is 5,175 MW and by 2013 end, our total installed capacity will be 10,000 MW," Sharma said, adding, most of the under construction projects are going to be commissioned on schedule.

BSE updates - Change in listing norms by SEBI

(Under BSE updates) - The Securities Exchange Board of India popularly known as SEBI, which controls and governs the working of Indian share markets by making amendements in the trading and listing rules in all the stock markets of india whether regional or Bombay Stock Exchange(BSE), National Stock Exchange (NIFTY) has come up with another amendement in the listing norms of the companies on indian share markets.

The change in listing norms would protect the minority share holders in any listed company on all the authorised stock markets across india. SEBI's step will prevent situations wherein companies come out with follow-on issues, rights issues or preferential allotments with higher voting rights per share, helping promoters get greater control in the company. According to Sebi amendements in norms, firms can come up with fresh issues that offer inferior voting rights or dividend, thereby helping raise equity without resorting to debt and giving up control.

However it's still not clear how the indian share markets would react to this change in coming trading days

BSE SENSEX ends almost flat after lackluster trading day

BSE's SENSEX today closed almost flat ahead of F & O series expiry in coming july, Most of the BSE's and 30 share index SENSEX saw decline in banking stock prices as Reserve bank said that there is still room for more rate cuts, During today's trading day BSE's SENSEX reached a day's high of 14463.46 where as SENSEX touched a low of 15240.53. However auto index of BSE saw a upward swing after reacting to RBI'S news of lowering of the interest rates.

Other BSE Indexes remained as following :

The BSE Midcap Index ended 1.13 per cent and BSE Smallcap Index 1.68 per cent higher.

BSE Realty Index surged 4.64 per cent after the government lowered interest rates on loans for affordable housing.

BSE Auto Index, up 1.92 per cent, was the second in lead boosted by significant gains in Tata Motors after the auto major delivered better-than-expected earnings in the April-June quarter.


NSE Nifty closed at 4564.10, lower by 8.2 points. The 50-share index traded in a range of 4599.90 and 4529.15 during the day.