Indian stocks rockets on budget boost

Share |

Indian Stock indices skyrocketed today as budget finally boosted indian stock markets, both Bombay stock exchange and National Stock Exchange looked in festive mood today with indices like 30 component large-cap SENSEX and national Stock Exchange's NIFTY rising by over 3 percent today.

Also Read-
Finance budget 2011-12 highlights
Railway budget 2011-12 highlights


Nifty closed at 5522.30, up 189.05 points. The broader index touched a low of 5373.55 during intraday trade.

The 30 companies benchmark index SENSEX closed at 18446.50, up 623.10 points. The 30-share index touched a high of 18478.68 in day trading.

Another major news about Budget is that it has brought LLC under tax net of 18.5 percent Alternate Tax, Hence Mukesh Ambani's RIL stake which he distributed in 27 LLC's is bound for Tax, I could not stop laughing at this news as a phone from ministry to Mukesh Ambani would already have told "This time you can try way X as under this method you still dont have to pay tax. The announcement about LLC tax is only for those who do not give proper share to Finance ministry..... Well this is entirely my supposition and might not be actual correct or would never be revealed(if it is correct).

HAPPY TRADING!!

SENSEX | NIFTY closes up as budget boosts

Share |

Finance minister Pranab Mukherjee presented the union budget for 2011-12 today and also increased tax collection base by increasing tax in some areas including IT, SEZ's.

Indian Stock indices like BSE's SENSEX and NSE's Nifty closed up today as investors booked profits from initial rally due to budget announcements.

Bombay Stock Exchange’s 30 component Sensex closed at 17832.12, up 131.21 points. The 30-share index touched a high of 18296.53 in intraday trading.

Also Read-
Finance budget 2011-12 highlights
Railway budget 2011-12 highlights

The broader index Nifty closed at 5333.25, up 29.70 points. The index touched a low of 5308.60 in day's trading.

Also Read-
Railway Budget 2011 highlights

Sector-wise updates-

BSE FMCG Index advanced 4.47 percent, BSE PSU Index moved up by 2 percent today and BSE Realty Index also gained 1.30 percent. BSE Healthcare Index lost mere 0.04 percent lower today.

HAPPY TRADING!!

Indian stock markets closes down by nearly 3 percent

Share |

(Posted under BSE closing, NSE closing)- National Stock Exchange’s Nifty ended at 5279.05, down 158.30 points.

The 30 component large-cap index Sensex closed at 17666.20, down 512.13 points. Banks, Realty and Capital goods stocks remained worst hit.

Also Read-
Indian Railway Budget 2011 highlights

Sectoral wise closing rates-

BSE Midcap Index closed down by 2.69 percent and BSE Smallcap Index moved 2.74 per cent lower. BSE Bankex fell 4.33 percent, BSE Capital Goods Index also lowered 3.96 percent and BSE Auto Index fell by over 3.72 percent.

Realty IT pulls SENSEX | NIFTY down by >0.6 perc

Share |

Indian Stock Indices closed lower today. The 30 component benchmark index Bombay Stock Exchange’s Sensex ended at 18178.33, down 117.83 points The large-cap index touched a low of 18150.01 in intraday trading.

The broader index Nifty closed at 5437.35, down by 31.85 points. The index touched a high of 5495.20 in day trade.

Most of the sectoral indices also closed lower today. Realty and IT stocks were worst hit.

Indian markets down as Libya uncertainity increases

Share |

A very good evening to all the visitor's to live bombay stock exchange blog. The unrest in Libya has already affected global markets and so major indian stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed down by nearly 1 percent today.

The 30 component large-cap index SENSEX fell by 142.15 points to close at 18,296.16. Stock price of RIL was in green due to deal with BP worth 7.2 billion yesterday.

Related Posts:
Best Stock investing tips
SENSEX rates for february 2011
Black money holders list
India need's Egypt's people methodology

The broader index NSE'S Nifty ended down by 49.40 points and was at 5,469,20 at closing today.

SENSEX Companies closing prices for today:

Company Name	Industry	Last Price	Change	%Chg	Mkt Cap(Rs cr)	Weight
Bajaj Auto	Auto - 2 & 3 Wheelers	1,330.75	-7.45	-0.56	38,507.52	1.39
Bharti Airtel	Telecommunications - Service	331.15	-0.80	-0.24	125,755.21	4.53
BHEL	Engineering - Heavy	2,075.40	-36.20	-1.71	101,594.98	3.66
Cipla	Pharmaceuticals	305.65	-1.05	-0.34	24,541.29	0.88
DLF	Construction & Contracting - Real Estate	227.70	-3.85	-1.66	38,650.52	1.39
HDFC	Finance - Housing	641.30	-6.45	-1.00	93,973.33	3.38
HDFC Bank	Banks - Private Sector	2,143.60	-57.10	-2.59	99,533.77	3.58
Hero Honda	Auto - 2 & 3 Wheelers	1,391.05	-48.30	-3.36	27,777.53	1.00
Hindalco	Aluminium	212.15	-0.40	-0.19	40,612.81	1.46
HUL	Personal Care	279.45	-0.80	-0.29	60,984.93	2.20
ICICI Bank	Banks - Private Sector	1,027.80	-10.15	-0.98	118,343.17	4.26
Infosys	Computers - Software	3,143.30	-17.90	-0.57	180,466.19	6.50
ITC	Cigarettes	156.70	-1.65	-1.04	120,955.68	4.35
Jaiprakash Asso	Construction & Contracting - Civil	85.65	-2.10	-2.39	18,212.90	0.66
Jindal Steel	Steel - Sponge Iron	673.30	-16.35	-2.37	62,904.33	2.26
Larsen	Engineering - Heavy	1,609.05	-43.75	-2.65	97,798.86	3.52
Mah and Mah	Auto - Cars & Jeeps	639.75	-11.45	-1.76	37,944.13	1.37
Maruti Suzuki	Auto - Cars & Jeeps	1,183.75	-28.90	-2.38	34,199.73	1.23
NTPC	Power - Generation/Distribution	175.55	-1.10	-0.62	144,749.13	5.21
ONGC	Oil Drilling And Exploration	272.45	-3.80	-1.38	233,094.33	8.39
Reliance	Refineries	985.05	28.55	2.98	322,406.87	11.61
Reliance Comm	Telecommunications - Service	95.10	1.40	1.49	19,628.90	0.71
Reliance Infra	Power - Generation/Distribution	621.90	0.65	0.10	16,630.87	0.60
SBI	Banks - Public Sector	2,727.05	-64.45	-2.31	173,167.16	6.23
Sterlite Ind	Metals - Non Ferrous	167.95	2.35	1.42	56,458.10	2.03
Tata Motors	Auto - LCVs/HCVs	1,137.35	-24.60	-2.12	72,006.77	2.59
Tata Power	Power - Generation/Distribution	1,237.35	-14.35	-1.15	29,363.21	1.06
Tata Steel	Steel - Large	623.85	-13.60	-2.13	56,284.63	2.03
TCS	Computers - Software	1,137.15	0.50	0.04	222,565.39	8.01
Wipro	Computers - Software	444.05	-6.20	-1.38	108,947.67	3.92

RIL | BP sign biggest FDI deal in India worth 7.2 billion $

Share |

The news from Indian Inc coming today are that India's biggest private company Reliance Industries Ltd and British Petroleum signed a $ 7.2 billion deal for 30 percent stake in KG basin.

Mukesh Ambani sealed the deal in London and looked very happy with the acomplishment, The deal is bigger then Ranbaxy takeover by japenese Daiichi Sankyo. However there are even bigger FDI deals in pipeline, lets see when these deals materialise.