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Wednesday, September 22, 2010
Profit booking pulls BSE SENSEX | Nifty down today
Major Indian stock markets closed lower today as investors booked profits from two weeks of rally, Both Bombay Stock Exchange's Sensex and National Stock Exchange's Nifty closed in red today.
Sensex closed under the psychological mark of 20000 and NSE's Nifty also closed under 6K mark in today's trading
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The 30 component Sensex closed at 19,940.02, down 61.53 points. The benchmark index touched intra-day low of 19,804.02 and high of 20,105.54 during day trading today.
Analysing sectoral indices today both BSE Midcap Index closed down 0.39 percent and BSE Smallcap Index closed down by 0.23 per cent.
BSE Realty Index closed lower by 1.69 per cent, BSE IT Index also followed by 1.31 percent slip and BSE Oil&Gas Index declined by over 1 percent.
Reliance Communications, DLF, TCS headed the list of todays losers, whereas Maruti Suzuki, HDFC lead the list of those in green.
National Stock Exchange's broader index Nifty also closed under the psychological mark of 6000 and was at 5981.80 at closing and touched high of 6037.40 in intraday trading
Tuesday, September 21, 2010
SENSEX crosses 20000 points closes at 20001.55
The 30 stock benchmark index SENSEX closed over 20000 mark today as Foreign Institutional investors did most of the purchasing today, but Indian Stock markets might see a correction of tune 10 to 20 percent. For reading full post about Indian stock markets today click here
| SENSEX | 21 Sep 17:31 | |||||
| Company Name | Industry | LastPrice | Change | % Chg | Mkt Cap(Rs cr) | Weight |
| ACC | Cement - Major | 1,015.50 | -4.90 | -0.48 | 19,085.31 | 0.63 |
| Bharti Airtel | Telecommunications - Service | 365.50 | -0.80 | -0.22 | 138,799.73 | 4.60 |
| BHEL | Engineering - Heavy | 2,478.95 | 38.20 | 1.57 | 121,349.56 | 4.03 |
| Cipla | Pharmaceuticals | 320.75 | 5.50 | 1.74 | 25,753.70 | 0.85 |
| DLF | Construction & Contracting - Real Estate | 358.80 | -4.80 | -1.32 | 60,902.83 | 2.02 |
| HDFC | Finance - Housing | 720.00 | 13.15 | 1.86 | 105,057.24 | 3.49 |
| HDFC Bank | Banks - Private Sector | 2,470.70 | 25.00 | 1.02 | 113,575.78 | 3.77 |
| Hero Honda | Auto - 2 & 3 Wheelers | 1,807.30 | -12.50 | -0.69 | 36,089.52 | 1.20 |
| Hindalco | Aluminium | 191.10 | -2.15 | -1.11 | 36,566.53 | 1.21 |
| HUL | Personal Care | 294.80 | 2.05 | 0.70 | 64,334.79 | 2.13 |
| ICICI Bank | Banks - Private Sector | 1,124.45 | -3.95 | -0.35 | 125,427.75 | 4.16 |
| Infosys | Computers - Software | 3,058.50 | 52.60 | 1.75 | 175,527.65 | 5.82 |
| ITC | Cigarettes | 172.75 | -3.85 | -2.18 | 132,212.54 | 4.39 |
| Jaiprakash Asso | Construction & Contracting - Civil | 123.10 | -1.70 | -1.36 | 26,154.25 | 0.87 |
| Jindal Steel | Steel - Sponge Iron | 703.50 | -8.55 | -1.20 | 65,702.89 | 2.18 |
| Larsen | Engineering - Heavy | 2,034.75 | 35.30 | 1.77 | 122,729.43 | 4.07 |
| Mah and Mah | Auto - Cars & Jeeps | 681.90 | -5.85 | -0.85 | 39,443.45 | 1.31 |
| Maruti Suzuki | Auto - Cars & Jeeps | 1,412.75 | 14.30 | 1.02 | 40,815.77 | 1.35 |
| NTPC | Power - Generation/Distribution | 206.90 | 2.00 | 0.98 | 170,598.66 | 5.66 |
| ONGC | Oil Drilling And Exploration | 1,401.60 | -0.80 | -0.06 | 299,784.37 | 9.94 |
| Reliance | Refineries | 1,032.90 | -6.80 | -0.65 | 337,886.14 | 11.21 |
| Reliance Comm | Telecommunications - Service | 173.20 | -1.80 | -1.03 | 35,748.95 | 1.19 |
| Reliance Infra | Power - Generation/Distribution | 1,073.45 | -13.90 | -1.28 | 26,285.60 | 0.87 |
| SBI | Banks - Public Sector | 3,104.25 | -3.30 | -0.11 | 197,083.71 | 6.54 |
| Sterlite Ind | Metals - Non Ferrous | 171.45 | 0.10 | 0.06 | 57,634.66 | 1.91 |
| Tata Motors | Auto - LCVs/HCVs | 1,077.40 | 21.20 | 2.01 | 61,476.44 | 2.04 |
| Tata Power | Power - Generation/Distribution | 1,301.95 | 37.95 | 3.00 | 30,896.22 | 1.02 |
| Tata Steel | Steel - Large | 615.00 | -1.50 | -0.24 | 54,575.72 | 1.81 |
| TCS | Computers - Software | 952.75 | 42.20 | 4.63 | 186,474.23 | 6.19 |
| Wipro | Computers - Software | 435.10 | 14.35 | 3.41 | 106,577.75 | 3.54 |
FII's push SENSEX above 20K | NIFTY above 6K
Large stock purchases from Foreign institutional investors boosted Indian stock markets today as both Bombay Stock Exchange's SENSEX and National Stock Exchange's Nifty closed just over psychological figure of 20000 and 6000 respectively today.
The 30 share benchmak Sensex rose over 95 points in today's trade and ended at 20,001.55, up 95.45 points and National Stock Exchange's broader index Nifty also closed up by 0.48 percent,by closing at 6,009.05, up 28.60 points in today's trade. However the movement of Indian stock markets is looking too sceptical when we consider the global peers performance in recent weeks, Most of the purchasing of Indian Stocks currentlyis being done by foreign Institutional investors, which mainly concentrated on BSE30 Stocks hence a rise in SENSEX stocks whereas BSE Midcap Index was down 0.98 percent and BSE Smallcap Index declined 1.34 percent.
Since Stock prices of BSE 30 stocks are going beyond the reach of common man's hands hence selling is seen at midcap and smallcap stocks, The rise is purely due to foreign players and might not show indian sentiments to some extent.
Watching sectoral indices today BSE IT Index gained 2.43 percent and BSE Capital Goods Index gained 1.12 percent higher. BSE FMCG Index however declined by 1.34 percent and BSE Realty Index closed down by 1.30 per cent.
Monday, September 20, 2010
SENSEX | Nifty nears 20K and 6K mark
The bullish sentiment at stock markets continued for yet another day today with benchmark indices closing over 1 percent up, both Bombay Stock Exchange's 30 component SENSEX and National Stock exchange's Nifty closed close to syclogical mark of 20000 and 6000 which they might touch this week before any correction starts, which can be in line of over 10 percent for both Sensex and Nifty.
If we look at today's trading sessions and closing National Stock Exchange’s Nifty ended at 5980.45, thus closing up by 95.50 points.
Sensex also followed and closed well over 300 points up, Bombay Stock Exchange’s Sensex ended at 19906.10, up 311.35 points. Most of the boost came from foreign institutional investors which did bulk of the purchasing, however looking at the global peers the fact of correction of Indian Stock markets correction cannot be ruled out. and it would be between ten percent to 20 percent correction which is just round the corner because the reason behind FII's purchasing is not very clear still.
Checking sectoral indices performance today following figures surface for today:
BSE FMCG Index closed up by over 3.50 percent, BSE Realty Index also closed in green by 1.73 percent and BSE Auto Index added 1.31 percent.
Market breadth was positive on the BSE with 806 gainers against 537 losers.
Sunday, September 19, 2010
United Stocks Exchange all set for inauguration on sep 20/2010
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.
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Saturday, September 18, 2010
BSE's SENSEX Weekly report card (13/9 - 17/9)
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.
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