Update - Scrip changes in BSE Indices

(posted under - BSE updates, BSE companies) - The Bombay Stock Exchange made some changes in its indices, which include the following:

1. Astra Microwave Products in the BSE 500 index is replaced with Grasim Industries.
2. Changes in both its mid-cap and small-cap indices.
3. Jaiprakash Power Ventures, Cummins India, Piramal Healthcare, Colgate Palmolive (India), Exide Industries, Godrej Consumer Products Limited, Castrol India, Nagarjuna Fertiliser & Chemicals, Kingfisher Airlines, Andrew Yule & Co and REI Six Ten Retail are removed from midcap index.
4. Standard Chartered plc, Kirloskar Brothers, Rallis India, Tube Investments of India, Ballarpur Industries, Escorts Limited, Greaves Cotton, S Kumars Nationwide, Binani Cement, BASF India and Radico Khaitan are included in Midcap Index.
5. 36 scrips are excluded and 57 included in small-cap index of BSE.

The above changes would be effective from july 12, 2010.

SENSEX , NIFTY closes marginally in red - 5/7/2010

(posted under - SENSEX closing, NIFTY closing) - Indian Stock markets closed in red today marginally BSE's SENSEX closed down by meager 19 points whereas NSE's NIFTY closed down by 1.20 pts today

. Tracking today's trading sessions of SENSEX and NIFTY we can easily say that Public companies were the most affected and were down. Major losers for the day were BHEL, NTPC, ONGC, Reliance Communications and BPCL, all of them were over 1 percent down. Market breadth was positive on the NSE with 1784 gainers against 1342 losers. BSE Midcap Index was up 0.29 per cent and BSE Smallcap Index moved 0.32 per cent higher.
BSE Healthcare Index gained 0.53 per cent and BSE IT Index moved 0.39 per cent higher. BSE Oil&gas Index declined 0.79 per cent lower and BSE Metal Index slipped 0.40 per cent.

SENSEX | NIFTY witnessess lackluster trading - Markts flat

(posted under - 5/7/2010 Indian Markets updates) - Major Indian stock indices including BSE'S SENSEX , NSE;s NIFTY are witnessing a lackluster trading day (impact of Bharat Bandh called by NDA). SENSEX is up by meager 5 points and Nifty is up by 6 points when i am writing this post.

Related post:
How BSE Works
BSE Healthcare Index gained 0.69 per cent and BSE Auto Index moved 0.64 per cent higher. BSE Oil&gas Index moved 0.44 per cent lower and BSE Realty Index slipped 0.18 per cent. Mahindra & Mahindra (1.54%), Cipla (1.14%), Tata Motors (1.11%), Sterlite Industries (0.93%) and ACC (0.72%) are the top Sensex gainers.

Majority of top 10 BSE companie's M-cap rockets

(posted under - BSE live, BSE Stocks) - Majority of top 10 companies of BSE added a whopping 17000 crores to their Market Capitalisation, Oil and Natural gas Corporation(ONGC) was first in list and added more then 8000 crores. ONGC gained 3.24 per cent to settle at Rs 1,305.05 at the end of Friday's trade on the Bombay Stock Exchange.

RIL gained 1707 crores, NTPC at the third spot saw its valuation swell by Rs 5,029.73 crore to Rs 1,66,764.43 crore. ITC gained over 190 crores.

It's Power Stocks day at BSE backed by Rel-Power - RNRL

(posted under - BSE live, power sector) - Most of the trading being done today at Bombay Stock Exchange is being done in power stocks today as RNRL- Rel Power merger news are latest RNRL-Reliance Power Merger.

The latest updates from Indian stock markets at noon are : Sensex is trading at 17,482.12, up 21.17 points. The Bombay Stock Exchange sensitive index opened at 17,473.83 against the previous close of 17,460.95 hence a little up.

On other hand Nifty is at 5241.65, up just 4.55 points. The National Stock Exchange benchmark started the session flat at 5237.00 versus Friday’s close of 5237.10. The 50-share index saw a high of 5246.80 against a low of 5225.85.

Reliance Power | RNRL merger at 11 billion all stock deal

The struggling company Reliance Natural Resources Ltd (RNRL), is all set to merge with sister firm Reliance Power (R-Power) in a Rs 50,000-crore, all-stock deal. This would help ADAG in concentrating on its firms which has some meaning and are viable.

The proposed merger is subject to approvals of the shareholders of R-Power and RNRL, the stock exchanges, the High Court here, and all other requisite permissions, sanctions and approvals.

R-Power will retain the assets and people of RNRL, a company with a turnover of Rs 298 crore, and continue to do business in the areas pursued by it, people close to the development said. After the merger, the company’s net worth will exceed Rs 16,000 crore and it will have 600,000 shareholders.

The merger will take the market capitalisation (m-cap) of R-Power to a little over Rs 52,000 crore. Its m-cap was Rs 41,979 crore at the close of trading on Friday and that of RNRL was Rs 10,394 crore. Hence R-power would become a company with it's own transportation of raw materials required for generation of proposed 10000 MW of power.