Temasek purchases 5% stake in NSE for 115 million dollars

US-based stock exchange NYSE today announced selling its five per cent stake in India's top bourse NSE to Singapore government's investment arm Temasek.

The deal marks exit of New York Stock Exchange from National Stock Exchange and Temasek's entry as shareholder.

The transaction has received the necessary regulatory approvals, NSE and Temasek said in a joint statement, but did not elaborate on the financial details.

NYSE had acquired 5 per cent of NSE in 2007 for 115 million dollars, valuing the bourse at about 2.3 billion dollars.

SENSEX | NIFTY closes in red as global cues weakens

(BSE closing rates 3/5/2010) - Market breadth was negative on the BSE with 875 declines against 424 advances.

Bombay Stock Exchange’s Sensex closed at 17386.08, down 172.63 points or 0.98 per cent. The index touched intra-day low of 17345.92 and high of 17536.86.

National Stock Exchange’s Nifty ended at 5222.75, down 55.25 points or 1.05 per cent. The index touched a low of 5210.05 and high of 5278.70 in today’s trade.

“Indices are likely to face resistance at the 17650-17800-18000/5310-5350-5400 levels (on Sensex and Nifty respectively). Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 17350-17200-17050/5250-5220-5200 levels.

Depending on the global cues we expect to see an upward movement from the mentioned supports and trade could be influenced by strong moves sectorally. Any move until the said resistances shall be utilised to exit from long positions and look out for a sustainable move,” said Kalyan Reddy, technical analyst, Karvy Stock Broking.

BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index slipped 0.33 per cent.

Amongst the sectoral indices, BSE Metal Index was down 1.74 per cent, BSE IT Index slipped 1.28 per cent and BSE Capital Goods Index declined 1.06 per cent.

Realty | Metals | Banks lifts SENSEX , Nifty closes in green

(posted under - BSE live, NSE live, BSE closing) - Updates from Indian Stock Markets closing for 29/4/2010 is as follows:(red color shows declines, green color shows increase)

NIFTY	5254.55
SENSEX	17497.20
MIDCAP	1.17 %
BSE REALTY	2.18 %
BSE BANKEX	1.72 %
BSE METALS	1.20 %
BSE FMCG	1.11 %
BSE SMALLCAP	1.32 %

SENSEX looses 310 pts as investor's loose 41k crores of investment

(posted under - SENSEX crashes, SENSEX stock updates)- Indian Stock markets nosedived today because of global cues especially the greek debt news and bailout news comes on.

Bombay Stock Exchange’s Sensex closed at 17405.35, down 285.27 points or 1.61 per cent. The index touched intraday low of 17344.58 and high of 17643.59.

National Stock Exchange’s Nifty ended at 5219.55, down 88.80 points or 1.67 per cent. The index touched a low of 5202.45 and high of 5308.25 in today’s trade.

BSE Midcap Index was down 1.52 per cent and BSE Smallcap Index moved 1.94 per cent lower.

All the sectoral indices ended in the red. BSE Realty Index fell 3.61 per cent, BSE Oil&gas Index declined 2.72 per cent and BSE Metal Index was down 2.21 per cent.

Market breadth was negative on the BSE with 1090 declines against 218 advances.

India's first currency derivatives exchange (USE) gets SEBI's approval

(posted under - USE India, United Stock Exchange) - So finally india's first currency and interest rates derivatives exchange USE(United stock exchange) got approval from SEBI for trading in currency and interest rate derivatives.

The approval was received after USE complied with all regulatory norms as specified by SEBI. United Stock Exchange has been given a very enthusiastic response from the market already wherein they received over 100 forms within few days of receiving the final approval. Both the Banking Fraternity and Broking Community have immense faith in United Stock Exchange declaring it a major competition to existing exchanges even before launch.

You may want to recall that in august 2009 ( read full post) Bombay Stock Exchange Limited (BSE), picked up 15% stake in United Stock Exchange (USE). USE, which will operate as a BSE Group Company, now brings together a consortium of key stakeholders - the exchange, banks, financial institutions - to drive the development and growth of the currency and interest rate derivatives markets.

Balance sheet for BSE ltd FY 2009-10 audited

Balance sheet of Bombay Stock Exchange ltd for finanacial year 2009-10 is as follows:

	Audited
Particulars	Quarter ended 31-03-2010	Quarter ended 31-03-2009	Year ended 31-03-2010	Year ended 31-03-2009
	Rs. in Crores
Average Daily Turnover	4,989	3,299	5,651	4,527

Income from :
- Trading Members	28.90	24.42	134.44	123.70
- Investment & Deposits	48.53	58.72	245.72	221.82
- Services to Corporates	18.45	6.24	59.15	29.24
- Training Institute	1.67	1.70	5.81	7.08
- Other Income	12.26	13.47	40.09	39.25
Total Income	109.81	104.55	485.21	421.09

Expenditure :
- Employee Costs
Salaries, Allowances and Bonus	8.50	5.14	37.42	22.72
Staff Welfare Expenses	3.98	1.18	5.67	4.15
Contribution to Provident and Pension Funds	0.81	0.44	2.33	1.73
Arrears of above Employee costs	----	----	4.26	----
Contribution to Gratuity Funds	3.28	0.53	3.28	0.53
Compensated Absence	1.36	0.04	2.90	0.36
- Computer Technology Related Expenses	16.62	15.41	60.63	48.16
- Advertising & Market Development Expenses	0.10	(2.90)	1.54	3.95
- Administration & Other Expenses	12.75	11.79	44.09	44.27
- Depreciation	6.67	7.92	34.89	29.20
Total Expenditure	54.07	39.55	197.01	155.07

Profit Before Tax	55.74	65.00	288.20	266.02
Tax Expenses	10.96	17.03	75.26	53.84

Profit After Tax	44.78	47.97	212.94	212.18
Earning Per Share – Basic & Diluted (in Rs.)	4.19	4.26	18.30	18.67
Paid-up Equity Share Capital (Face Value Re.1/-)	10.33	10.31	10.33	10.24
Reserves	----	----	1,881.74	1,717.95

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source - bseindia.com