Archive for the ‘Stock Exchange News’ Category
Focus shifts to mid cap stocks
The Sensex closed 87 points down on Friday, but mid cap small cap shares registered gains for the second consecutive day. In volatile trade, it dropped to a low of 19472.51 but showed resilience and recovered to 19838.03 before ending at 19698.36 a net fall of 86.53 points against thursday close of 19784.89
The S&P CNX Nifty of the National Stock Exchange also closed 5.25 points lower at 5906.85 against 5912.10. Stocks of companies in capital goods and banking sectors suffered major falls in the market. BHEL fell by Rs. 36.60 to Rs 2,786.55, ICICI Bank by Rs29.15 to Rs 1,219.45 and HDFC BAnk by Rs 12.05 to Rs. 1687.15.
Investors shifted attention to mid cap ans small cap shares which provide better investments opportunities market players said. It is a good sign that investors are now making purchases in these segments as prices of front line …
Sensex down by 111 points
The BSE Sensex fell for a third consecutive trading session on wednesday, closing 111 points lower at 19,290. The index lost ground despite smart gains in heavy weight constituents like RIL and SBI.
The broader NSE Nifty closed 4.15 points down at 5,782.35 points as against its previous close of 5,787. the sensex moved within a 400 points range touching an intraday high of 19,679 and a alow of19,249 points. On wednesday as well the index followed the same trend, tracking lacklustre Asian markets.
Sensex sheds 194 points
The Bombay stock Exchange on Tuesday went on a roller coaster ride with the barometer Sensex first scaling a new peak of 20238 and later setting in sub 20k area on alternate bouts of buying and selling across sectors.
A number of bank stocks, including ICICI Bank, HDFC Bank and PNB, fell follwing the Reserve Bank decision to hike the amount of depositors money that banks must keep in reserve. Besides selling pressure emerged across other sectors later in the day after a morning surge pushed the Sensex past the 20000 level for the second consecutive day.however the index failedto close above this milestone.
Real estate stocks including DLF and Unitech defied the overall selling pressure and saw their market value grow. Snapping its six day winning steak, the 30-share Sensex setted at 19783.51 down 194.16 points from the previous close. The NSE Nifty also hit a new record high of 5971.70 …
At 20k also, mkt looks promising
The 30 share Sensex has touched 20,000 on monday and the foreign investors are continuing to find it attractive for investment. This is because many investots feel india is till cheaper thanits maincomopetitor china in attracting investment.
At around 20,000 the share prices of BSE Sensex stocks are quoting at 26.32 times of their average earning hai composite Index which has jumped almost five times from 2005 is quoting at over 52 times of their average earnings. Against this, Chines shanghai composite Index, which has jumped almost five times from 2005,is quoting at over52 times of their average earnings. the price to earning. However, the Russain market is quoting at only 13 times of its average earnings, a despite the fact that the income growth of companies in these countries are less than 10%. A senior foreign fund manager said high price to earning ratio is sustainable if the …
Marginal gain for Sensex, Nifty
After a volatile trading session the BSE Sensex closed just 20 points higher on Wednesday, ahead of the Sebi board meet to finalise its proposals on P-Notes. the sensex surged by over 300 points in early trade before slipping into the red. It recovered towards the end of the day to end at 18,513 staying positive after its 879 points surge in the previous sessions.
The NSE Nifty also gained 22 points to close at 5,496. But in the boarder market, the mid caps and small caps beat the frontline stocks with their respective indices surging by over 1% on the BSE.
foreign institutional investors and operators were engaged in rolling over their derivatives position to the November series ahead of the expiry of October contracts on Thursday, market players said. The marketwide rollover was slightly over60% on wednesday.
The markets could be in for another choppy session on …
Sensex hits biggest single day gain
Last Wednesday after discussions with the Reserve ministry and market regulator Sebi announced their intentions to tighten the lid on foreign investments in the stock markets. The markets went into a tizzy and the sensex recorded its biggest ever loss in a single day -717 points.
On monday, sebi clarified that in principle, it isn’t a gainst foreign funds in the stock markets. It also framed new rules that made things simpler for these investors. Not surprisingly then, on Tuesday, stocks posted large gains and the sensex shot up 879 points its biggest single day gain ever. Think of it as bungee jumping. Through the rise in percentage terms was smaller than what the sensex has seen in the past, pivotals recorded big gains to bring back buyers. Stock like Reliance Industraies and Bharat Heavy Electricals, big losers in the fall last week shot up and pulled …
Sensex ends losing streak, gains 54 pts
The BSE Sensex finally snapped its losing streak after four consecutive trading sessions to close 54 points higher at 17,614 on Monday, even as global indices droped sharply on concerns of a slowdown in the US economy. Banking stocks saved the day for the Indan bourses, as investors were bullish on these countres a head of the Reserve Bank review of the monetary Policy on October 30 The broader NSE nifty, however, fell by 31.30 points or 0.6% to close at 5,184.
The trading session was extremely volatile mainly due to the approaching expiry of derivatives series, which forced investors either to roll over positions to the November series or square off before expiry of contracts on Thursday, market players said.
Investors saw their wealth increase by Rs 31,500 crore as the Bombay stock Exchange’s market capitalisation rose to Rs 54.58 lakh crore.
Sensex 18k to 19k in four sessions
Four trading sessions that what it took the sensex to rally from 18k to 19k making it the fastest 1,000 point run it the history of the 21year old index. If you think of that as a milestone, consider this Over the last one month, the sensex gained 3,500 points. And during this period, four of its five all time highs were achieved. “Milestones are just a stone’s throw away,” muttered a derivatives strategist at a domestic brokerage.
The question is, what feeding the frenzy the answears at 19k remain what it was at 18k. Unabated buying interest by foreign fund managers because returns from India remain among the best in the world and expections that in the future the Indian economy and corportes will continue to do well . In any case , these are variable that don’t change over four trading sessions. Which is why, FIIs …
More DA for Govt Staff
Government employees can look forward to the coming festival season with the union Cabinet on Thursday approviding the decision to release additional dearness allowance to Central staff and also dearness relief to pensioners.
Central government employeea and pensioners will get 6 per cent more dearness allowance astep that would entail a burden of Rs 2,189.96 crore during the rest of the current financial year and Rs 3,284.94 in a full year.
The increase in DA will be effective july1. 2007. The ratio DA from July 1 will now be 41 per cent for all Central employees, constituting an increase of 6 per cent over the existing 35 per cent I&B minister P R Dasmunsi said after the Cabinet meeting.
The Cabinet’s approval would cost the government Rs 3,285 crore in a fully year.
Thursday’s decision comes amid the ongoing process of wages revision for the staff under the …
BSE market cap crosses $800bn mark
Investors in Indian markets are worth a whopping $800 billion now. And the figure looks all set to cruise past the trillion dollar milestone in 2007. On Friday, as the sensex picked up another 148 points to close at 13,845, Bombay Stock Exchange’s market capitalisation settled at $810 billion (Rs 36.16 lakh crore).
The latest data show that India is the 14th largest market in the world in terms of market capitalisation and the second largest among the BRICs countries, if the bourses in Hong Kong and mainland China are considered separate entities. At $778 billion, China is just snapping at India’s heels while Russia, with a market capitalisation of $985 billion, is far ahead of the other three BRICs nations. In this group, Brazil, with a market capitalisation of $658 billion is far behind India and China. Interestingly, if we consider Chindia as an investment destination along with Hong Kong, …
Dividends to be paid by Wollongong Stock exchange
THE Wollongong Stock Exchange was a great example of what the Illawarra could achieve when its leaders worked together, Illawarra Business Chamber chief executive Mark Grimson said yesterday.
By boasting one of the few stock exchanges in Australia, the city had further enhanced its reputation as a centre for business, he said.
The idea for the Wollongong Stock Exchange (WSX) was first mooted by Wollongong Lord Mayor Alex Darling in late 2004 and the chamber quickly came on board for the initial approach to the Newcastle Stock Exchange (NSX).
Councillor Darling said the result was Wollongong now boasted something many Australian capitals and most regional centres didn’t.
Access Business Lawyers director Rod Cunich was elected chairman of the new WSX steering committee and Newhouse Chartered Accountants director Andrew Newhouse his deputy.
Source : http://www.illawarramercury.com.au/articles/2006/08/09/1154802962098.html
Early trade sees 50 points higher jump
MUMBAI: The Bombay Stock Exchange benchmark, Sensex, rose by over 50 points in early trade on Thursday on buying by funds and retail investors in select blue-chip stocks.
The 30-share sensitive index (Sensex), which had gained 130.21 points in the previous trading session, gathered another 50.86 points at 11,196.04 points in the first five minutes of trading.
Similarly, the National Stock Exchange index Nifty rose by 14.30 points at 3,268.90. The major gainers, which lifted the Sensex were Hero Honda, Dr Reddy, ACC, Infosys Technologies, Maruti Udyog, Bajaj Auto, ICICI Bank, Wipro, Larsen and Toubro, State Bank of India and Ranbaxy Lab.
Source : http://www.dnaindia.com/report.asp?NewsID=1046435
1993 blasts verdict
March 12, 1993 was a day that Mumbai will not easily forget. It was a day terror, in the form of 13 bomb blasts, struck with devastating force – with two of the targets being the commercial capital’s landmarks – Stock Exchange and Air India building. The13 blasts left 250 dead over 700 injured.
Now, thirteen years later, it is time for a verdict in what has been one of the longest running criminal trials in Indian legal history. A special TADA court begins to deliver verdicts in the 1993 serial blasts case from today (August 10), and has turned into a virtual fortress with prohibitory orders in force around the Arthur Road prison complex that houses the court.
The entire area around the high-security central jail has been cordoned off and entry restricted to common people, officials said. Security had been tightened as police feared anti-social elements could take advantage of …
UK Online Casino Prices Poorly on Stock Exchange
The online casino & bingo business seems to be on a roll, but not all online casinos are victorious when it comes to the worth of their shares. Lately, one British online casino disappointed investors when the company’s shares took a drop on the stock exchange during its second day of trading. While most online casinos appear to be operating a lucrative business, this UK internet poker site in exacting wasn’t showing a whole lot of promise on the stock market.
While online poker casinos have become very popular in the past few years, they are not unsusceptible to financial downturns. The increase in status of poker at the online casino could be attributed to the games exposure in numerous different areas such as television and the internet. From celebrity games to tournaments, poker fever is reaching a fever pitch. This explains the status of the most extensively recognized gambling game …
New oil and gas projects deals
BNamericas.com (Carlos Camacho): Venezuela’s energy & oil ministry and the Caracas stock exchange are discussing ways for new oil and natural gas projects to raise money by trading on the bourse, exchange president Nelson Ortiz told BNamericas.
The joint venture companies that operate the projects, which include partnerships between state oil firm PDVSA and private oil companies, would launch the shares.
“The realistic way to do it is on a project-by-project basis,” Ortiz said, adding PDVSA will not trade shares alone on the market in the short term.
“With the present interest rates, it is a cheaper way to finance. This way you also incorporate the workers as shareholders and, most importantly, the common Venezuelan,” Ortiz said.
Recent Discussions
- sanam: Hello Sir, if we want to teach our children the truth, we must know what is meant by Lord and Lord of the...