United Stocks Exchange all set for inauguration on sep 20/2010

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India's first currency derivative Exchange named 'United Stock Exchange' or USE is all set for inauguration tomorrow, The inauguration would be done by Mr. CB Bhave(chairman of SEBI).

The United Stock Exchange will start operations in four currency pairs currently allowed by SEBI like dollar-rupee, euro-rupee, yen-rupee and pound-rupee.

It may be recalled that the Bombay Stock exchange has a 15 percent stake in the new currency derivatives exchange USE.

Related Posts-
About USE
BSE and USE
India's First Currency Derivative Exchange

BSE's SENSEX Weekly report card (13/9 - 17/9)

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Indian Stock indices witnessed heavy buying throughout the week and almost in every session, SENSEX closed 795 points up this week thus easily surpassing rest of the global peers, The main reason for a strong bullish environment was strong local demand.

Strong investment by foreign institutions also lead to rally at the dalal street this week. If we see last two weeks performance of SENSEX it has moved up by over 1300 points, All the other global peers have not shown such rally in past two weeks.

The growth in Indian economy by 8.8 percent as told by Pranab Mukherjee also helped in unexpected weekly rally of Bombay Stock Exchange's SENSEX, At end of the past week SENSEX closed at 34 month high and shall touch 20000 in coming weeks, but however the chances of correction in prices can be expected anytime.

National Stock Exchange's NIFTY also closed in green on friday, but Indian Stock markets may open in red on monday.

The rise in foreign Institutional Investors in Indian stock markets for month of september has been the major reason in a spur in Indian stock indices like SENSEX and Nifty. According to market regulator SEBI FII's have invested over $2.67 billion in Indian markets this month already and this would increase as the month progresses, and if we look at year till date then FII Investment has already crossed 16 billion mark.

Don't know exactly when the Institutional investors would be again on selling spree, and if they do in near future for booking profits then IT stocks would be worst hit according to me.

BSE's - International Programme on Securities Market Operations

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Following are Latest news from Bombay Stock Exchange's website and also are the forthcoming events calendar as put up on the website, I thought of putting it here so that you dont miss even a single update about Bombay stock Exchange while on my blog.
HAPPY TRADING!!

1. BSE is going to start a new program titled 'International Programme on Securities Market Operations' in october 2010, The exact dates for the event are 25 - 29 October 2010 , The program would be conducted by BSE training institute(BTI), which is training division of the oldest Asian stock Exchange, BSE Training Institute has already provided such training\programs in past.
The main objective of this program will be to train market professionals in the mid to senior levels working in the securities markets that provides a unique experience of learning various aspects of the policy and practice.
It would cover all the major aspects of stock markets and would be a five day affair.
You can download Registration Form.
For reading full content Click here

Best Stocks Investing tips - for beginners

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Indian stock markets are very very volatile stock markets and can move in either direction without following any major factors, In such case an investor should know the very basics of stock market investing tips, these stock investing tips are actually not difficult to understand but they do require sheer analytical brain, which even the best of analyst might not have, The most important thing in stock investing is one should follow his/her guts and should invest only a fixed amount...do remember GREED IS HARMFUL TRAIT...

Here are my best posts for readers to understand the stock investing tips.however I advise that dont follow these tips blindly at end of reading all the basics tips, Share investings would be much more clearer to you.

Doing Online trading
49 must follow Stock Investing tips
Short Selling explained
Online trading techniques for beginners
Making a profitable Investment
Stock Markets investing tips
10 Evergreen Investing tips
Best Investing Strategies
Dont's of Share markets
Choosing a Stock broker
Best Books to follow

SENSEX | NIFTY smiles for yet another day - closes above 19500

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Indian Stock indices partying time is getting longer and longer as the major indices including Bombay Stock Exchange SENSEX and national Stock exchange NIFTY closed in green yet again today with stocks of services major Infosys and Reliance Industries rising the most today.

However since the global markets have opened in red today hence Indian stock indices might see some correction tomorrow.

Coming to the stock markets updates for today Sensex ended at 19502.11, up 155.15 points. The 30 component benchmark index touched a high of 19554.36 and low of 19340.99.

Whereas broader index NIFTY closed at 5860.95, up by 65.4 points. The 50 stock index touched a high of 5869.45 and low of 5792.20 during intraday trading.

BSE's Sectoral Indices Performance today:
Bombay Stock Exchange's Midcap index closed up by 0.08 percent whereas smallcap index closed down by 0.09 percent today. BSE IT Index closed up by 2.54 percent , BSE Oil&Gas Index was also up by 1.75 percent and BSE Metal Index moved higher by 0.84 percent at end of today's trading.
Shares of Infosys, Reliance, Wipro, TCS all closed up by over 2 percent today.

The performance of indian stock markets is looking sceptical as Market breadth was negative on the BSE with 1702 losers against 1253 gainers yet again today.

Indian Markets | SENSEX | NIFTY gain.. awaiting correction?

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Major Indian stock indices including Bombay stock exchange's 30 component Sensex and National Stock Exchange's Nifty are continuing their upward journey for second week on the row, with stock touching all time high, Now the question is whether this buying is artificial for profit booking? and Indian stocks are looking for some correction in coming days because one feels that currently indian stocks are overpriced where as the global peers like Dow Jones industrials, European stock are looking normal.

For complete guide on Stock investing tips(click here)

India Stock indices SENSEX closed well over 100 points up today at 19346.96, up 138.63 points. The 30-share benchmark index hit intraday high of 19487.07 and low of 19218.13 during intraday trading(read Intraday trading tips).

If we check report card for the components of SENSEX, It looked as below at end of today's trading:

SENSEX	14 SepEOD
Company Name	Industry	LastPrice	Change	% Chg	Mkt Cap(Rs cr)	Weight
ACC	Cement - Major	970.90	-18.95	-1.91	18,247.09	0.62
Bharti Airtel	Telecommunications - Service	356.35	7.40	2.12	135,324.98	4.62
BHEL	Engineering - Heavy	2,500.65	8.80	0.35	122,411.82	4.18
Cipla	Pharmaceuticals	310.45	3.80	1.24	24,926.69	0.85
DLF	Construction & Contracting - Real Estate	341.25	8.40	2.52	57,923.88	1.98
HDFC	Finance - Housing	672.60	8.45	1.27	98,094.83	3.35
HDFC Bank	Banks - Private Sector	2,335.25	53.10	2.33	107,349.27	3.67
Hero Honda	Auto - 2 & 3 Wheelers	1,721.75	-5.90	-0.34	34,381.20	1.17
Hindalco	Aluminium	186.50	-3.75	-1.97	35,686.33	1.22
HUL	Personal Care	278.45	0.10	0.04	60,766.69	2.08
ICICI Bank	Banks - Private Sector	1,100.25	2.95	0.27	122,728.34	4.19
Infosys	Computers - Software	2,975.95	40.45	1.38	170,790.10	5.83
ITC	Cigarettes	165.00	2.00	1.23	126,281.15	4.31
Jaiprakash Asso	Construction & Contracting - Civil	126.25	4.05	3.31	26,823.51	0.92
Jindal Steel	Steel - Sponge Iron	711.60	-4.95	-0.69	66,459.38	2.27
Larsen	Engineering - Heavy	1,920.65	16.75	0.88	115,847.29	3.96
Mah and Mah	Auto - Cars & Jeeps	670.05	9.50	1.44	38,758.00	1.32
Maruti Suzuki	Auto - Cars & Jeeps	1,346.10	19.90	1.50	38,890.18	1.33
NTPC	Power - Generation/Distribution	205.65	-1.25	-0.60	169,567.98	5.79
ONGC	Oil Drilling And Exploration	1,395.35	19.45	1.41	298,447.58	10.19
Reliance	Refineries	987.75	-4.45	-0.45	323,116.51	11.04
Reliance Comm	Telecommunications - Service	162.55	-0.35	-0.21	33,550.76	1.15
Reliance Infra	Power - Generation/Distribution	1,055.80	0.80	0.08	25,853.40	0.88
SBI	Banks - Public Sector	3,113.70	-33.55	-1.07	197,683.68	6.75
Sterlite Ind	Metals - Non Ferrous	170.80	4.45	2.68	57,416.16	1.96
Tata Motors	Auto - LCVs/HCVs	1,054.45	28.05	2.73	60,166.92	2.06
Tata Power	Power - Generation/Distribution	1,265.20	-9.75	-0.76	30,024.11	1.03
Tata Steel	Steel - Large	596.80	-4.35	-0.72	52,960.63	1.81
TCS	Computers - Software	894.15	14.50	1.65	175,004.92	5.98
Wipro	Computers - Software	417.45	14.75	3.66	102,254.38	3.49

Whereas Nifty closed at 5795.55, up 35.55 points or 0.62 per cent.Hence the mood at dalaal street was very promising today.

If we check perfomance of both Bombay Stock exchange and National Stock Exchange sector wise then following picture arised at end of the day:

BSE Sectoral updates today:

Index Name	Last Trade	Change
BSE 30	19,346.96	138.63(0.72%)
AUTO INDEX	9,278.80	125.07 (1.37%)
BANKEX	13,524.06	69.50(0.52%)
BSE - 100	10,307.75	54.27(0.53%)
BSE - 200	2,463.36	10.20 (0.42%)
BSE - 500	7,790.97	23.42(0.30%)
BSE - CAPITAL GOODS	15,307.57	84.86(0.56%)
BSE - CONS. DURABLES	6,047.75	93.09(1.56%)
BSE - FMCG	3,497.17	12.89(0.37%)
BSE - HEALTHCARE	5,736.80	0.16(0.00%)
BSE - INFOTECH	5,804.72	83.24(1.45%)
BSE Mid-Cap	8,061.27	51.10(0.63%)
BSE PUBLIC SECTOR	10,247.01	38.12(0.37%)
BSE Small-Cap	10,195.40	76.54(0.75%)
BSE TECK INDEX	3,633.58	46.37(1.29%)
METAL INDEX	16,301.82	86.63 (0.53%)
OIL & GAS INDEX	10,461.87	25.40 (0.24%)

And National Stock exchange report card looked as given below:

Index Name	Last Trade	Change
S&P CNX NIFTY	5,795.55	35.55 (0.62%)
S&P CNX DEFTY	4,326.90	22.85(0.53%)
CNX NIFTY Junior	12,483.40	25.95 (0.21%)
S&P CNX 500	4,828.55	15.30 (0.32%)
CNX MIDCAP 200	9,140.20	43.30 (0.47%)
BANK NIFTY	11,928.35	55.50 (0.47%)
CNX IT	6,441.75	83.60(1.31%)