Posts Tagged ‘BSE index’

SEBI Asked BSE to Set its House in Order before Planning a Listing !!

Sebi has asked BSE to set its house in order before planning a listing :)

Sebi has asked BSE to set its house in order before planning a listing πŸ™‚

The Securities and Exchange Board of India (Sebi) asked BSE to set its house in order before planning a listing.

Of late, BSE has planned to list on the exchange for sometime and had approached Sebi for permission to list without an initial public offer.

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Sebi, however, also has to formalize norms for regulating self-listed companies while in order to sell their shares, some BSE members were eager on the listing of the exchange.

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Moreover, the market regulator communicated its position to the stock exchange informally and BSE started steps to develop its technology platform.

In addition, BSE acquired Marketplace Technology (MT) in order to offer back-office solutions for brokers estimated at Rs 43 crore.

On the other hand, BSE, over the years has regularly lost out to NSE on the technology front and new players like Financial Technologies are trying to ride the technology path setting up exchanges such as Multi-Commodity Exchange (MCX) and MCX Stock Exchange.

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Further, BSE has lost the top slot in terms of turnover even though it has more companies listed on it .

It will also be re-launching its derivatives trading and a new marketing campaign which is likely to help it popularize the product.

The move comes at a time when others such as MCX-SX are trying to enter the space.

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Festivals and Trading Holidays Set to Keep Dalal Street Less Lively This Week :)

Despite bullish sentiment on hopes of strong quarterly results from firms, the Dalal Street is likely to less lively this week

Despite bullish sentiment on hopes of strong quarterly results from firms, the Dalal Street is likely to less lively this week

Despite bullish sentiment on hopes of strong quarterly results from firms, the Dalal Street is likely to less lively this week, as festive mood and fewer trading sessions would see investors withhold their positions and postpone buying, analysts said.

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Brokers believe the market sentiment will remain positive, even as investors will get only three trading sessions before the second quarter results of companies starts coming in.

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“The market is expected to remain in consolidation phase on the back of less trading sessions and festive season,” SMC Global Vice-President Rajesh Jain said.

The market would trade only for three days this week, as Monday and Friday will be trading holidays on the occasion of ‘Dussera‘ and ‘Gandhi Jayanti‘, respectively.

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Over the week, the BSE Sensex slid 193.43 points, or nearly 1.14 per cent and closed at 16,693 points.

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The under current in the market is bullish, there are not much expectations by investors for this week, while stocks may also look for global cues,experts observed.

The result season will kick start with IT major Infosys scheduled to announce its second quarter results on October 9.

During the last week, foreign institutional investors have put in over Rs 6,528.1 crore in Indian markets.

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Movers and Shakers of Today’s Market : 22nd AuG,2009 :)

gainers and Losers

MOvers and Shakers

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Here we present you with the data of Top Gainers and Losers in BSE Index and NSE Nifty for today.

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Top Gainers shows the list of stocks that have gained the most (% terms) compared to their last closing prices. πŸ™‚

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Top Losers shows the list of stocks that have lost the most (% terms) compared to their last closing prices.

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1. Top Gainers in Sensex

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Top Gainers Sensex

2. Top Losers in Sensex

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Top Losers Sensex

3. Top Gainers in Nifty

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Top Gainers

4. Top Losers in Nifty

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Top Losers Nifty


Click HERE to view company’s detailed stock quote and company profile.

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Top Gainers shows the list of stocks that have gained the most (% terms) compared to their last closing prices. πŸ™‚

Top Losers shows the list of stocks that have lost the most (% terms) compared to their last closing prices. 😦

Strong earnings reports boost markets :)

Strong earnings reports boost markets :)

Stronger housing and labour data in the US as well as better-than-expected earnings from domestic companies indicates that the robustness in the markets will continue, says J. Thunuguntla ofΒ  SMC Capital.

The Bombay Stock Exchange 30-share benchmark, the Sensex,was down on Monday, 27 July, slightly led by Reliance Industries, after its quarterly results came out lower than expected.

The rose to a record high on expectations that government spending will boost demand for consumer goods. Hindustan Lever and ITC both gained as well as DLF ahead of its quarterly results report.

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On Tuesday, the market ended relatively flat again. Banks ended the day lower after the RBI kept interest rates unchanged on inflation fears. Tata Motors stock surged after earnings came out better than expected. Q1 profits soared 58%.

The Sensex has rallied 88% since it’s March 9th low. πŸ™‚

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The Sensex fell for a 3rd straight day on Wednesday after investors judged the recent run up in the market as excessive.

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The BSE index has seen the market rise over the last 2 weeks as several companies reporting their Q1 earnings have beaten analyst expectations.

Stocks that took a hit included Tata Motors, DLF, Tata Steel and Sterlite Industries. Jindal Stainless rose over 5% on news that its first quarter profit more than tripled.

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The BSE 30-share barometer rose on Thursday after 3 days of losses led by banking stocks.

State bank of India and ICICI Bank both rose after better than expected Q1 earnings.

The Sensex had risen 6.2% this month as of 30th July, driven primarily by positive earnings reports.

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The Sensex surged on Friday closing at a 52-week high on strong earnings reports and global cues. Both the Sensex and the NSE Nifty were up 8% for the month of July.

Top gainers for the week were Hindalco, Tata Motors, ONGC, SBI and HUL. Top losers included Bharti Airtel, Reliance Communications, Hero Honda, DLF, and NTPC.

Barring Oil & Gas and Pharma, other BSE sector indices closed in the green for the week.

To learn more on what to expect from the markets, we have with us J Thunuguntla of SMC Capital.