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Benchmark Indian stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY nosedived today as Reserve Bank of India increased basic lending rate by 0.5 percent, much more then expected. This is 11 repo rate hike in 1 year by RBI but still inflation is much more then comfort level.
Tuesday, July 26, 2011
Indian stock markets nosedives as RBI increases rates
Benchmark Indian stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY nosedived today as Reserve Bank of India increased basic lending rate by 0.5 percent, much more then expected. This is 11 repo rate hike in 1 year by RBI but still inflation is much more then comfort level.
Monday, July 25, 2011
SENSEX gains at close | NIFTY also up
A very good evening to visitors of livebombaystockexchange. benchmark indian stock indices saw heavy buying today as both Bombay Stock Exchange's SENSEX and national Stock exchange's NIFTY closed higher today. Thus Indian stock indices outperformed global peers and closed on a firm note after retreating from intermediate resistance levels. Auto, capital goods and healthcare stocks led the rally. Bharti, Sterlite, Rcom were major gainers.
Sunday, July 24, 2011
10 simplest and effective investment tips
Majority of the newbies who want to invest their money into stocks always want to know some of the very basic and simple investment tips, which they can easily understand and which are simple yet very effective. Then they ask their circle of friends about how to start and are guided that go with some money management companies as they have professionals with experience in investing money.
Friday, July 22, 2011
Indian stock markets updates for today
The benchmark Indian stock indices like Bombay Stock Exchange's SENSEX and National Stock Exchange's NIFTY closed up by over 1.5 percent today as investors are waiting for RBI policy updates. Banking sector index closed up more than 2 percent.
Thursday, July 21, 2011
SENSEX below 18450 | Nifty below 5550 | Indian markets down
Benchmark Indian stock indices closed lower today as weak global cues dragged the investors confidence. Both SENSEX and National Stock Exchange's NIFTY closed down by about 0.5 perc today. Investors remained very cautious
Wednesday, July 20, 2011
SENSEX | NIFTY ends down as investors play cautiously
A very good evening to visitors of livebombaystockexchange. Here are the end of the day analysis and report card of Indian stock markets. The benchmark indian indices like the large-cap SENSEX and National Stock Exchange's NIFTY closed lower today. The indices failed to attain crucial resistance levels as investors became cautious ahead of RBI raising interest rates by 25 basis points for taming inflation.
At SENSEX out of total 30 components 27 ended in red and mere 3 gained today.
National Stock Exchange's broader index Nifty ended at 5567.05, down 46.50 points it touched a high of 5645.40 in day trade today.
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