Indian stock indices down on profit booking

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Greetings from LiveBombayStockExchange, your one stop website for Indian Stock markets. major Indian stock markets witnessed a lackluster trading day.

Bombay Stock Exchange's 30 component SENSEX closed down by 22 points at 19387.17 today, The day saw lot of movement and initially it went up by over 200 points but falling in final session today. Every 2 out of 3 components closed in red with Reliance Industries heading the list.

The broader index NSE's Nifty lost 10.10 points today thus closing at 5,898.80. The Index reached high of 5,965.15 during the day's trade.

SENSEX down | NIFTY flat at close today

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Greetings from LiveBombayStockExchange blog, your one stop website for daily updates from Indian stock markets. As predicted benchmark Indian stock indices like BSE and NSE's NIFTY closed almost flat today.

Benchmark Indian index BSE's SENSEX closed in red by 14 points, The index touched the day's high of 19,478.01 and closed the day at 19,409.69, 17 of the SENSEX components declined today. The broader index National Stock Exchange's NIFTY closed with a meagre gain of 1.50 points today, the index closed the innings at 5908.90.

Midcap Index gained 46 points today, thus closing at 7116.60, SmallCaps gained 24.10 points to close at 7470.08. Indices saw lackluster trading day today as investors and speculators had no clue from global markets.

Indian Stock indices rise further on Banks | FDI bill optimism

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It turned out a good day for benchmark Indian Stock indices including Bombay Stock Exchange's SENSEX and National Stock Exchange's broader index NIFTY as predicted in my yesterday's post.

Major Indian stock indices closed in bright green today after news about FDI bill crossing hurdles in Rajya Sabha came in, Investors responded in positive way, thus making Retail stocks rising over 6 percent today.

BSE's SENSEX ended the day at 19,486.80 up by 94.94 points, Looks like it's upward momentum will continue even tomorrow and Monday might see some fall due to profit booking activities by investors for retail stocks. Broader index NIFTY rose by 30.40 points to a 23-month high of 5,930.90 today with the boost coming from banking stocks and Realty stocks.

HAPPY TRADING!

Indian stocks market optimistic wrto FDI debate in Parliament

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It turned out to be a lackluster day at major Indian stock markets including Bombay Stock Exchange and National Stock Exchange. There was not much movement in the indices values as investors and speculators remained confused regarding outcome of the FDI in retail voting result in Parliament today. UPA finally won the voting stage and Lok sabha passed the FDI in retail bill today, So expect stock markets to open higher tomorrow with stock prices of organised retail sector set to rise in coming days.

BSE's 30 component SENSEX gained 43.74 points, to end the day at 19,391.86 . National Stock exchange's NIFTY index closed above 5900 mark up by 11.25 points today. DLF stocks came as surprise as it gained over 4.5 percent today amidst weak realty sector. Technology sector saw some downward trend over weak revenue predictions and downgrading Infosys stock to 'neutral' by a rating agency.

STOCKS TO WATCH FOR WEEK: retail stocks

Profit booking drags SENSEX | NIFTY down - dec3/12

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Good evening and thanks for visiting stockinvestingtips.

Benchmark indian stock indices including Bombay Stock Exchanges 30 component SENSEX and national Stock exchange's NIFTY closed in red today as investors booked profits from 4 days of growth streak and keeping an eye on Parliament over decision about FDI in retail.

The most watched Indian index SENSEX closed down by 34.58 points, or 0.18 percent at 19,305.32 . Broader index NIFTY fell by 8.90 points to close at 5,870.95 today. 13 out of 30 components of SENSEX remained in red today. Auto companies saw minor growth in prices.

Avoid Investing in Airlines stocks in India - stick to basics

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Sorry for posting after a long time...busy due to preoccupations. anyways here is my post on Aviation Industry:
Since Indian government has passed FDI decision for Aviation Industry. By which now foreign players can buy stake up to 49 percent in Indian airlines, But the question arises is will any Foreign Airlines invest in Indian aviation market which is highly taxed which basically means government still thinks that travelling as fast as Airplane is only for rich people and hence should be taxed heavily(which is 100 percent wrong in era of globalization).

So In present environment I suggest to avoid Airlines stocks to invest in as it is highly risky sector with wafer thin profit margins(for a company working ideally). Now since management of Airlines in India is substandard (not very intelligent/intellect) hence we cant see them turning their balance sheets into green either.

I was checking website of Federation of Indian Airlines and it is showing a disastrous picture of Indian aviation market due to policies of government. Now all of you might be thinking why one should avoid Aviation sector stocks in india? Here are the reasons supporting the same thinking:

1. Taxes on ATF in india is too high: ATF price in India is 77 percent higher then International ATF price ie currently it is Rs. 37,800 / kilolitre whereas international price is Rs. 21,400 / kilolitre, This brings in additional burden for Indian domestic carriers which can be negated if Aviation ministry makes some logical changes in their policies.

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BSE | NSE gets 4th 5th place in emerging economies

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So some good updates wrto Indian stock exchanges as Bombay Stock Exchange and National stock exchange got position in top 5 bourses for emerging markets.

Indian stock exchanges, Bombay Stock Exchange ranked fourth with market capitalization of 1,101.87 billion and National stock exchange followed with fifth rank as it has market capitalization of 1,079.39 billion. Out of total 14 bourses from emerging markets were ranked by World federation of exchanges. China and Brazil topped the list of emerging markets. Shanghai Stock Exchange topped with market capitalization of 2.4 billion dollars. Shenzhen Stock Exchange is second and Brazil's BM&FBOVESPA remained third.

However the not so good news wrto Bombay Stock Exchange is that it's net profit declined by 76% in last quarter. net profit of BSE declined to 15.4 crores only.

Indian stock markets decline on weak economic conditions

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bechmark Indian stock indices including Bombay Stock Exchange's SENSEX and National stock exchange's broader index NIFTY closed in deep red today as sparse monsoon may boost inflation further and RBI doesnot look like cutting interest rates, the only positive coming today was that INR gained over 70p to USD. All of the sectoral indices of Bombay Stock Exchange remained in red with Banks and realty leading the pack. Foreign Investors sold stocks worth $66 million today.

The 30 component BSE SENSEX closed for the day at 16,639.82, down 206.23 points. The large cap index touched a high of 16,899.77 during day's trade today. BSE Midcap Index and the BSE Smallcap Index declined by 2.07 percent each. BSE Realty Index was down 3.07 percent, the BSE Capital Goods Index was 2.04 percent lower, the BSE Bankex declined 1.67 percent and the BSE FMCG Index was 1.57 percent lower.

The broader index Nifty ended at 5,043, down 66.60 points. The 50-share NSE index touched a low of 5,032.40 in intraday trade today.