BSE witnesses lackluster trading day

Share |

Major Indian stock indices saw a lackluster day as the SENSEX, NIFTY closed marginally up. Global uncertainity was the major cause as the asian peers and the US Markets were down. The biggest losers for the day were BPCL, DLF HDFC (which weer also sold just for profit booking as these stocks were in green yesterday.

National Stock Exchange’s Nifty ended at 5379.90, down 6.25 points.

Bombay Stock Exchange’s Sensex closed at 17913.42, down 24.74 points. BSE Midcap Index was up 0.20 per cent and BSE Smallcap Index moved 0.16 per cent higher. BSE FMCG Index moved up 0.80 per cent and BSE IT Index advanced 0.63 per cent. BSE Oil&gas Index declined 0.78 per cent and BSE Realty Index edged 0.70 per cent lower.

SEBI introduces pre-open call auction

Share |

The Securities and Exchange Board of India (SEBI) said on Thursday it has decided to introduce the call auction mechanism in the pre-open session.

The pre-open session shall be introduced on a pilot basis by BSE and NSE for the components of benchmark indexes BSE-30 and NSE-50.

Short Selling - explained

Share

Short selling refers to fast selling ie stocks are held for a very less period.

Here I am writing about some very basic points one should know about short selling(which I gathered from Websites) and putting the best ones together.

The first question which comes to one's mind is what Short selling actually is? and you'll be happy to know that answer to this question is not very complex :)

Answer - A short selling is when a trader borrows a stock on margin and sells it on the open market. These borrowed shares will come from the inventory of the trader's broker. Traders profit on short selling by first selling the security, then buying it back at a lower price. However, if the security rises, the trader will incur a loss.

Q- So what type of fees or tax one has to pay for practicing short selling?
A- When a trader shorts a stock he or she will incur interest for the margin used to borrow the stock. Margin interest rates range from 4% - 8%. The simple interest is calculated on a daily basis and is debited from your account at the end of the month. If you only carry a security for two days, then the trader will only have to pay interest for that holding period.

Short Selling is one of the most riskiest of all selling in stock markets.

Some strategies for making Short selling profitable are as follows:
There are a number of strategies that can be used to profit on the falling value of a security. Traders can increase their odds of success by first determining if the overall market is in a downtrend. The next step is to identify the weakest sectors within the market. This top down approach will ensure the trader locates the weakest stocks which have the greatest of odds of continuing lower in the near future. Traders should stay away from penny stocks, as short squeezes in these securities can be as high as 50%-75% in a matter of days. Traders should focus on securities priced over $20 dollars that have a high float. This will also ensure the broker does not have strict margin requirements for the security. At times, if a stock is too volatile a brokerage firm will require the trader have 200% of the value of the position in cash, and some brokerage firms will remove the stock from its easy to borrow list altogether if it appears to be too volatile. We have all seen this during the '08 credit crisis, as the SEC removed over 800 stocks from the allowable short list.

BSE Sectoral Indices prices - 14/7

BSE Sectoral indices performance at closing for today(14/7) is as follows:

Index Name	Last Trade	Change
BSE 30	17,938.16	47.74 (0.27%)
AUTO INDEX	8,353.18	40.31(0.48%)
BANKEX	11,335.08	31.70 (0.28%)
BSE - 100	9,566.49	26.75
BSE - 200	2,282.21	5.67(0.25%)
BSE - 500	7,204.84	19.81(0.27%)
BSE - CAPITAL GOODS	15,075.61	168.17 (1.13%)
BSE - CONS. DURABLES	5,128.68	31.40 (0.62%)
BSE - FMCG	3,184.85	9.46 (0.30%)
BSE - HEALTHCARE	5,703.37	29.36 (0.51%)
BSE - INFOTECH	5,325.02	72.98(1.35%)
BSE Mid-Cap	7,355.39	33.86(0.46%)
BSE PUBLIC SECTOR	9,466.35	26.67(0.28%)
BSE Small-Cap	9,369.56	24.14(0.26%)
BSE TECK INDEX	3,332.57	36.93 (1.10%)
METAL INDEX	14,936.55	137.42(0.91%)
OIL & GAS INDEX	10,643.03	79.54(0.74%)

BSE to launch Derivatives exchange with EUREX on October 4 2010

Asia's oldest stock exchange Bombay stock exchange is all set to launch an international Derivatives Exchange along with Eurex (Deutsche Borse & Swiss Exchange).

The derivatives products, which will have the BSE's benchmark index also called the Sensex as the underlying, will commence trading on the Eurex from October 4 this year, the BSE said in a statement.

The new contracts will be denominated in U.S. dollars and settled in cash, it said.

The Indian benchmark tracks the daily performance of 30 of the largest and most actively traded companies listed on the exchange.

BSE's SENSEX historical closing prices

Historical closing prices is a collective closing data (for SENSEX in this post) ie it consists of closing prices from last six months or so from benchmark stock index of India SENSEX thus it looked quite relevant to me for letting my visitors analyse the market trends by analysing the historical prices of SENSEX.
Adding new feature to my blog which consists of BSE's SENSEX historical Data.

Date	Open	High	Low	Close	Volume	Adj Close
13-Jul-10	17,908.30	17,998.04	17,855.85	17,985.90	17,000	17,985.90
12-Jul-10	17,875.97	18,010.07	17,874.95	17,937.20	16,200	17,937.20
9-Jul-10	17,667.85	17,857.58	17,667.85	17,833.54	26,000	17,833.54
8-Jul-10	17,536.48	17,728.37	17,536.48	17,651.73	14,200	17,651.73
7-Jul-10	17,623.66	17,623.66	17,447.15	17,471.03	15,200	17,471.03
6-Jul-10	17,402.68	17,643.14	17,395.58	17,614.48	15,600	17,614.48
5-Jul-10	17,473.83	17,505.73	17,423.74	17,441.44	7,800	17,441.44
2-Jul-10	17,523.47	17,598.94	17,426.78	17,460.95	17,200	17,460.95
1-Jul-10	17,679.34	17,679.34	17,455.41	17,509.33	16,200	17,509.33
30-Jun-10	17,476.85	17,725.04	17,373.78	17,700.90	18,200	17,700.90
29-Jun-10	17,777.95	17,777.95	17,465.73	17,534.09	19,200	17,534.09
28-Jun-10	17,577.66	17,794.80	17,571.85	17,774.26	19,200	17,774.26
25-Jun-10	17,705.11	17,714.73	17,546.73	17,574.53	19,200	17,574.53
24-Jun-10	17,750.51	17,845.65	17,632.80	17,730.24	15,600	17,730.24
23-Jun-10	17,694.87	17,782.41	17,629.19	17,755.94	17,600	17,755.94
22-Jun-10	17,868.12	17,868.12	17,725.63	17,749.69	15,200	17,749.69
21-Jun-10	17,654.81	17,919.62	17,654.81	17,876.55	26,200	17,876.55
18-Jun-10	17,628.02	17,721.99	17,525.29	17,570.82	24,000	17,570.82
17-Jun-10	17,490.52	17,647.42	17,394.90	17,616.69	25,400	17,616.69
16-Jun-10	17,500.30	17,530.38	17,407.30	17,462.87	27,400	17,462.87
15-Jun-10	17,355.49	17,442.50	17,249.46	17,412.83	22,400	17,412.83
14-Jun-10	17,118.74	17,351.18	17,118.74	17,338.17	17,400	17,338.17
11-Jun-10	16,994.07	17,131.56	16,994.07	17,064.95	24,600	17,064.95
10-Jun-10	16,668.91	16,942.60	16,668.91	16,922.08	24,800	16,922.08
9-Jun-10	16,621.12	16,817.69	16,591.26	16,657.89	36,600	16,657.89
8-Jun-10	16,760.60	16,895.73	16,560.64	16,617.10	27,400	16,617.10
7-Jun-10	17,069.77	17,069.77	16,686.73	16,781.07	26,000	16,781.07
4-Jun-10	17,036.55	17,150.42	16,963.92	17,117.69	22,400	17,117.69
3-Jun-10	16,786.28	17,072.63	16,786.28	17,022.33	21,800	17,022.33
2-Jun-10	16,574.79	16,774.15	16,571.45	16,741.84	29,000	16,741.84
1-Jun-10	16,942.82	16,942.82	16,318.39	16,572.03	20,600	16,572.03
31-May-10	16,872.17	16,971.15	16,806.50	16,944.63	15,600	16,944.63
28-May-10	16,692.66	16,891.17	16,692.66	16,863.06	19,000	16,863.06
27-May-10	16,410.88	16,694.55	16,331.10	16,666.40	18,800	16,666.40
26-May-10	16,069.78	16,410.35	16,069.78	16,387.84	18,400	16,387.84
25-May-10	16,444.57	16,444.57	15,960.15	16,022.48	21,600	16,022.48
24-May-10	16,494.61	16,757.73	16,413.03	16,469.55	22,200	16,469.55
21-May-10	16,317.94	16,486.74	16,187.03	16,445.61	24,200	16,445.61
20-May-10	16,419.10	16,617.80	16,419.10	16,519.68	21,600	16,519.68
19-May-10	16,802.39	16,802.39	16,373.32	16,408.49	22,200	16,408.49
18-May-10	16,840.59	17,000.34	16,744.13	16,875.76	16,800	16,875.76
17-May-10	16,961.92	16,961.92	16,551.00	16,835.56	20,400	16,835.56
14-May-10	17,267.25	17,329.32	16,923.65	16,994.60	15,200	16,994.60
13-May-10	17,323.63	17,389.15	17,240.35	17,265.87	18,000	17,265.87
12-May-10	17,141.53	17,252.52	17,028.08	17,195.81	18,400	17,195.81
11-May-10	17,336.13	17,379.15	17,104.45	17,141.53	20,400	17,141.53
10-May-10	16,799.49	17,356.54	16,799.49	17,330.55	19,800	17,330.55
7-May-10	16,939.58	16,939.58	16,684.13	16,769.11	19,400	16,769.11
6-May-10	17,080.47	17,080.47	16,823.00	16,987.53	16,400	16,987.53
5-May-10	17,103.95	17,121.66	16,858.23	17,087.96	20,000	17,087.96
4-May-10	17,371.75	17,464.82	17,101.96	17,137.14	19,800	17,137.14
3-May-10	17,536.86	17,536.86	17,345.92	17,386.08	10,400	17,386.08
30-Apr-10	17,503.47	17,646.61	17,503.47	17,558.71	12,200	17,558.71
29-Apr-10	17,382.09	17,532.86	17,382.09	17,503.47	10,800	17,503.47
28-Apr-10	17,643.59	17,643.59	17,344.58	17,380.08	17,000	17,380.08
27-Apr-10	17,744.93	17,769.25	17,678.56	17,690.62	12,200	17,690.62
26-Apr-10	17,692.26	17,826.48	17,692.26	17,745.28	14,800	17,745.28
23-Apr-10	17,533.88	17,725.88	17,533.88	17,694.20	17,200	17,694.20
22-Apr-10	17,476.48	17,778.34	17,408.02	17,573.99	17,600	17,573.99
21-Apr-10	17,458.76	17,565.55	17,446.51	17,472.56	10,000	17,472.56
20-Apr-10	17,394.68	17,560.09	17,394.68	17,460.58	14,000	17,460.58
19-Apr-10	17,584.86	17,584.86	17,276.80	17,400.68	11,800	17,400.68
16-Apr-10	17,645.91	17,663.99	17,529.55	17,591.18	11,600	17,591.18
15-Apr-10	17,804.55	17,975.57	17,619.02	17,639.26	12,600	17,639.26
13-Apr-10	17,831.38	17,892.78	17,736.09	17,821.96	12,800	17,821.96
12-Apr-10	17,874.16	17,995.25	17,816.19	17,853.00	9,800	17,853.00
9-Apr-10	17,715.16	17,971.47	17,715.16	17,933.14	12,200	17,933.14
8-Apr-10	17,950.56	17,960.91	17,679.34	17,714.40	11,800	17,714.40
7-Apr-10	17,915.60	18,047.86	17,878.31	17,970.02	13,200	17,970.02
6-Apr-10	17,940.32	17,991.41	17,898.00	17,941.37	12,400	17,941.37
5-Apr-10	17,693.66	17,948.54	17,693.66	17,935.68	12,800	17,935.68
1-Apr-10	17,555.04	17,706.56	17,555.04	17,692.62	13,000	17,692.62
31-Mar-10	17,602.39	17,699.50	17,488.55	17,527.77	13,600	17,527.77
30-Mar-10	17,703.67	17,783.35	17,558.22	17,590.17	12,600	17,590.17
29-Mar-10	17,639.18	17,793.01	17,639.18	17,711.35	14,800	17,711.35
26-Mar-10	17,558.85	17,682.94	17,558.85	17,644.76	13,000	17,644.76
25-Mar-10	17,458.51	17,575.23	17,383.21	17,558.85	13,800	17,558.85
23-Mar-10	17,422.51	17,530.79	17,356.64	17,451.02	12,600	17,451.02
22-Mar-10	17,481.96	17,559.18	17,337.38	17,410.57	12,200	17,410.57
19-Mar-10	17,531.47	17,600.87	17,502.14	17,578.23	13,800	17,578.23
18-Mar-10	17,492.81	17,548.13	17,417.61	17,519.26	13,600	17,519.26
17-Mar-10	17,389.47	17,576.78	17,389.47	17,490.08	16,800	17,490.08
16-Mar-10	17,169.84	17,416.55	17,150.06	17,383.18	12,400	17,383.18
15-Mar-10	17,166.97	17,195.49	17,061.14	17,164.99	14,200	17,164.99
12-Mar-10	17,176.02	17,244.54	17,126.93	17,166.62	24,000	17,166.62
11-Mar-10	17,087.63	17,215.07	17,054.28	17,167.96	11,400	17,167.96
10-Mar-10	17,072.94	17,183.51	17,027.92	17,098.33	16,800	17,098.33
9-Mar-10	17,089.22	17,130.83	17,031.21	17,052.54	56,600	17,052.54
8-Mar-10	17,034.92	17,187.55	17,034.92	17,102.60	15,200	17,102.60
5-Mar-10	16,988.29	17,097.71	16,936.12	16,994.49	19,600	16,994.49
4-Mar-10	17,013.68	17,024.96	16,888.05	16,971.70	19,000	16,971.70
3-Mar-10	16,778.29	17,012.61	16,778.29	17,000.01	20,000	17,000.01
2-Mar-10	16,438.45	16,808.49	16,438.45	16,772.56	22,400	16,772.56
26-Feb-10	16,255.33	16,669.25	16,249.67	16,429.55	31,000	16,429.55
25-Feb-10	16,264.10	16,329.33	16,167.13	16,254.20	12,200	16,254.20
24-Feb-10	16,218.68	16,328.44	16,187.44	16,255.97	12,400	16,255.97
23-Feb-10	16,213.14	16,324.93	16,178.91	16,286.32	13,400	16,286.32
22-Feb-10	16,191.32	16,423.23	16,191.32	16,237.05	14,000	16,237.05
19-Feb-10	16,256.53	16,301.94	16,074.58	16,191.63	19,400	16,191.63
18-Feb-10	16,421.20	16,452.51	16,287.17	16,327.84	14,000	16,327.84
17-Feb-10	16,228.91	16,480.89	16,228.91	16,428.91	19,600	16,428.91
16-Feb-10	16,042.18	16,310.39	16,021.29	16,226.68	20,600	16,226.68
15-Feb-10	16,186.90	16,227.04	16,011.82	16,038.35	17,000	16,038.35
11-Feb-10	15,928.28	16,202.87	15,928.28	16,152.59	14,400	16,152.59
10-Feb-10	16,042.18	16,141.13	15,892.01	15,922.17	19,800	15,922.17
9-Feb-10	15,940.73	16,094.13	15,862.90	16,042.18	21,200	16,042.18
8-Feb-10	15,931.34	16,061.41	15,651.99	15,935.61	26,600	15,935.61
5-Feb-10	16,222.56	16,222.56	15,725.43	15,790.93	23,000	15,790.93
4-Feb-10	16,500.29	16,508.22	16,188.80	16,224.95	15,800	16,224.95
3-Feb-10	16,210.25	16,552.99	16,210.25	16,496.05	16,400	16,496.05
2-Feb-10	16,368.44	16,525.98	16,129.11	16,163.44	20,600	16,163.44
1-Feb-10	16,339.32	16,422.40	16,160.80	16,356.03	20,000	16,356.03
29-Jan-10	16,253.82	16,390.31	15,982.08	16,357.96	25,400	16,357.96
28-Jan-10	16,317.16	16,524.69	16,182.14	16,306.87	21,600	16,306.87
27-Jan-10	16,708.60	16,708.60	16,230.85	16,289.82	25,600	16,289.82
25-Jan-10	16,847.70	16,877.77	16,705.56	16,780.46	16,400	16,780.46
22-Jan-10	16,978.36	17,000.33	16,608.09	16,859.68	23,200	16,859.68
21-Jan-10	17,474.49	17,474.49	17,025.26	17,051.14	17,200	17,051.14
20-Jan-10	17,486.69	17,590.59	17,425.05	17,474.49	17,000	17,474.49
19-Jan-10	17,650.82	17,664.86	17,463.78	17,486.06	13,400	17,486.06
18-Jan-10	17,538.72	17,712.60	17,505.50	17,641.08	15,400	17,641.08
15-Jan-10	17,604.31	17,639.85	17,529.11	17,554.30	17,600	17,554.30
14-Jan-10	17,525.71	17,628.04	17,525.71	17,584.87	23,400	17,584.87
13-Jan-10	17,368.03	17,528.31	17,276.46	17,509.80	26,200	17,509.80
12-Jan-10	17,534.10	17,612.00	17,392.55	17,422.51	18,600	17,422.51
11-Jan-10	17,724.59	17,776.57	17,500.79	17,526.71	18,400	17,526.71
8-Jan-10	17,603.87	17,658.12	17,508.96	17,540.29	17,200	17,540.29
7-Jan-10	17,701.97	17,733.34	17,566.54	17,615.72	18,000	17,615.72
6-Jan-10	17,719.47	17,790.33	17,636.71	17,701.13	21,400	17,701.13
5-Jan-10	17,555.77	17,729.78	17,555.77	17,686.24	27,000	17,686.24
4-Jan-10	17,473.45	17,582.84	17,378.38	17,558.73	28,200	17,558.73
31-Dec-09	17,365.37	17,530.94	17,365.37	17,464.81	16,600	17,464.81