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Saturday, September 25, 2010
IPO Advertisement rules to be changed - SEBI
The latest news from SEBI is that the rules for IPO advertising are all set to change as the Securities Exchange Board wants it to be inline with the Red herring Prospectus for that IPO, currently many IPO's give advertisement which is false and misguides investors who are new to share markets.
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So we will now see a tightened set of guidelines for an Companies IPO which maches with the draft of the Red herring prospectus for the IPO. Thus helping the investors in knowing the true picture of the company whose IPO is being floated in market.
Hence merchant bankers should become careful and more responsive now onwards.
FII'S comeback pushes SENSEX | Nifty up
Foreign institutional investors invested in indian markets thus showing the confidence in Indian stocks markets which would rise further now, European markets are still looking skeptical and are running almost flat.
Indian Stock indices like Bombay Stock Exchange's SENSEX and National stock exchange's Nifty are now maintaining levels of above 20000 and 6000 respectively, looks like Realty sector is getting heated up as is looking very bullish at current levels, however I think still some correction is inevitable in coming days as other foreign peers are showing stagnation signs. and might be Indian markets are overpriced at current levels. stock prices of IT companies are also showing growth as US and UK companies are showing more interest in outsourcing by cutting costs.
oming to yesterdays close Sensex ended at 20045.18 and NSE'S Nifty closed at 6018.30, up 58.75 points which is nearly 1 percent.
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.
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