BSE to have separate exchange for SME'S and midsized companies

(posted under - SME exchange) - Bombay Stock Exchange has submitted a preliminary application to Securities and Exchange Board of India(SEBI) for setting up a separate exchange for small and medium-size enterprises.

Apart from the BSE, National Stock Exchange and MCX Stock Exchange (MCX-SX) have also shown interest in setting up such a platform for SMEs.

SENSEX | NIFTY closes up - over 1 percent

(posted under - SENSEX rates, NIFTY rates) - Major Indian stock indices closed in green today following the US and European markets.

National Stock Exchange’s Nifty closed at 5296.85, up 55.75 points or 1.06 per cent. The index touched a high of 5320.50 and low of 5242.

Bombay Stock Exchange’s Sensex ended at 17651.73, up 180.70 points or 1.03 per cent. The index hit intraday high of 17728.37 and low of 17536.48. BSE Midcap Index was up 0.88 per cent and BSE Smallcap Index moved higher by 0.64 per cent. BSE Realty Index moved 1.61 per cent higher, BSE IT Index advanced 1.46 per cent and BSE Metal Index gained 1.36 per cent.

Nifty passes 5300 in day trading today

(posted under - Intraday trading) - At 10:48 am, National Stock Exchange’s benchmark Nifty was at 5314.15, up 73.05 points or 1.39 per cent. The index touched a high of 5318.85 and low of 5242 in early trade.

The Bombay Stock Exchange’s Sensex was up 244.97 points or 1.40 per cent at 17716. The index hit a high of 17727.82 and low of 17536.48.

BSE Midcap Index was up 1.15 per cent and BSE Smallcap Index moved 1.29 per cent higher.

Amongst the sectoral indices, BSE Realty Index advanced 1.93 per cent, BSE Metal Index moved 1.83 per cent higher and BSE Bankex moved up 1.72 per cent.

Nice day for Indian Stock markets - closes in green

(posted under - BSE closing, NSE closing) - Major Indian Stock indices ie BSe's SENSEX, NSE's NIFTY closed smiling today as both of the indices were up at closing by more then one percent. Indices got a boost from Banking stocks and also major IT stocks were up with TCS leading, Mahindra and Mahindra, HDFC bank were other major stocks in positive territory today.

The upward streak continued throughout the day from opening till the closing bell. Bombay Stock Exchange’s Sensex closed at 17595.05, up 153.61 points. The 30 share benchmark index touched intraday high of 17643.14 and low of 17395.58. All the sectoral indices were also in green through out the day, BSE Midcap Index was up 0.70 per cent and Smallcap Index moved 0.57 per cent higher. BSE Metal Index was up 1.77 per cent, BSE IT Index advanced 1.62 per cent and BSE Bankex moved 1.62 per cent higher.

National Stocks exchange's Nifty also followed and closed in green closing at 5282.80, up 46.90 points The index touched a high of 5297.45 and low of 5231.50 in today’s trade.

BSE's SENSEX | NIFTY in green at opening

(posted under - BSE live, SENSEX rates) - Indian stock indices openned in green today as some optimism was prevelant all over the Dalal street from beforee the opening bell.

Sensex rose nearly 60 points higher in opening trade today as stocks of companies like Reliance Industries and Infosys staged a moderate recovery on emergence of buying by funds.

national Stock exchange's NIFTy followed by gaining 15.20 points at opening and was comfortably placed at 5,251.10.

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.