Mumbai June 25:The BSE sensex closed negative on the settle day of the June series by 0.53 percent. The 30-share BSE Sensex down by 0.53 per cent or 77.11 points closed at 14,345.62 and Nifty slipped 1.19 per cent or 51.10 points, to close at 4241.85.
The benchmark had risen as much as 1.1 percent in the morning as investors covered their short positions on the last day of monthly derivatives contracts.
The 50-share NSE index slipped down by 0.7 percent ended at 4,264.80 points.
But the overall breadth of the market remained positive on the BSE, with gainers edging out losers by 1,405 to 1,220 while 78 stocks remained unchanged
Realty and banking stocks, posted some gains today. Banking stocks which performed poorly yesterday have given momentum today and the banking index ended 0.4 per cent higher. Unitech was the biggest gainer in the realty space. The stock surged 5.2 per cent to Rs 82. The company today said it was seeing a pick up in demand for new residential projects.
In the BSE Sensex 30 shares 11 stocks gained while 19 stocks ended in red.
Major Losers
Tata Motors down by 5.4 per cent to Rs 337.
Sun Pharma
Maruti Suzuki
The BSE sensex closed negative on the settle day
BSE sensex raised by 98.72 points
BSE sensex raised by 98.72 points
June 24 Mumbai:The share market opened in negative terrain because of expiry of June futures and options contracts due tomorrow and the market gathered momentum after mid session to end the day in positive. BSE Sensex ended at 14,422.73 points and NSE Nifty at 4,292.95 points.
The market today opened in green in line with other Asian markets. Market quickly lost ground and slipped lower on some selling pressure. The government announcement of lesser monsoon rain expected this year than the normal annual monsoon rains, which are a lifeline for the country's trillion dollar economy, have weakened and are expected to be below normal. This lead to worries about agricultural production due to uncertainty existing in monsoon kept the sentiments weak.
The 30-share BSE index increased by 0.69 percent, or 98.72 points at the end of the day, higher at 14,422.73 points, with 24 stocks rising and while 6 share in red. It opened up and quickly fell as much as 0.8 percent before rebounding 1.1 percent at one stage.
L&T which lost nearly a 10% of its market value in the last fortnight, led the gains on speculation the engineering and construction firm would benefit from expected higher spending on infrastructure.
Major Gainers from the BSE Sensex
JP Associates (6.01%)
Sun Pharma (5.00%)
TCS Ltd (4.33%)
Tata Motors (4.20%)
Grasim Industries (4.20%)
ACC Ltd (3.24%)
Major Loser in BSE Sensex
HDFC Bank (1.97%)
HDFC (1.96%), ICICI Bank (1.16%)
ICICI BANK (1.2 %)
Sterlite Industries (1.00%),
Reliance (0.79%)
Ranbaxy Lab (0.29%).
Top three High Traded shares
Suzlon Energy on 23.8 million shares
Reliance Natural Resources on 23 million shares
Unitech on 18.9 million shares
Stocks that jumped high today
Educomp Solutions rallied 11.2 percent to 3,427.35 rupees after it formed an equal joint venture with British publishing group Pearson to offer vocational and skills training in India.
ABB Ltd gained 4.58%. The company has won orders wroth Rs 220 crore from Tata Projects Limited.
BSE Sensex Ended Flat
BSE Sensex Ended Flat
Mumbai June 23:The Sensex ended on a flat on Tuesday. It sensex opened a loss of 178.35 points, at 14,147.87 on Tuesday following weak global cues. It proceeded to trade in the negative terrain for most part of the day on sustained selling seen in frontliners, touching a low of 14,016.95. Later in the afternoon session after positive opening of European market helped sensex to bounce back touching a high of 14,394 points. Finally at the end of the day Sensex lost all its gains and fell into the negative to close flat.
The BSE Sensex close the day with a loss of 2.21 points, or 0.02% at 14,324.01 after touching a low of 14,016.95 and a high of 14,394.19. The broad-based NSE Nifty climbed 11.75 points, or 0.28% at 4,247.00 after hitting a high of 4,267.45 and a low of 4,143.25.
Major gainers
Grasim Industries (4.13%)
ONGC (3.30%)
Reliance Industries (3.26%)
Tata Motors (2.70%)
NTPC (2.54%)
HDFC (2.34%).
Major Losers
ICICI Bank (4.05%)
HDFC Bank (3.55%),
Hindalco Industries (3.32%)
ITC (3.11%),
Sterlite Industries (India) (2.82%).
Out of the total 2,639 stocks traded at BSE, 1,116 advanced, 1,455 declined while 68 remained unchanged.
Inflation turned negative for the first time in 30 years
India: The Inflation turned negative for the first time in 30 years in the first week of June but the prices of food items like fruit and vegetables, cereals were still higher than last year. The inflation stood at minus 1.61 per cent for the week ending June 6, according to the data released on Thursday.
In contrast, food items were raised by 8.7 per cent from the comparable to last year as pulses moved up 17 per cent, cereals 13.5 per cent, and fruit and vegetables 10 per cent.
The wholesale price index has risen by 2.3 per cent since Feb. The high inflation last fiscal year 11.6% makes the rise in price this year look less. The ecomist call this effect has base affect, has the previous year price rise have a effect in the current fiscal year.
Manufactured Products, the year-on-year inflation rate fell to 0 per cent in the current week, down from 0.4 per cent the previous week.
The share market responded positively over the development and rose by about 200 points expecting monetary measures by RBI.
The finance secretary, Mr Ashok Chawla, said it is because of base effect of previous year high inflation and the demand in the economy is not reduced and this figures will correct itself.
Banking sector helps BSE sensex to gain momentum Sensex up by 82 Points
Banking sector helps BSE sensex to gain momentum Sensex up by 82 Points
June 16 Tuesday: Following the weak global trends, the Sensex opened with a negative gap of 87 points at 14,788 and slipped further to a low of 14,622. After the announcement fron Goldman Sach raised their rating on banking industry, the index moved up to touch a high of 15,022, up 401 points from day's low. The index finally ended higher by over 82 points at 14,958.
Goldman Sach expects net income growth for Banking industry to rebound to 32 per cent for the next fiscal, from 1 per cent in the year ending March 31, 2010. All bank stocks performed well.
The banking sector index gained the most, 2.26 per cent, Indusind Bank 17.17 per cent to Rs 82.25, IDBI Bank 10.15 per cent to 111.25 and State bank of India gained 4.5 percent to end up Rs 1,714.
The midcap index rose 2.21 per cent to 5,226.16 and the smallcap index 2.13 per cent to 6,011.36. The National Stock Exchange index Nifty rose by 33.80 points to 4,517.80.
Major Gainers
Mangalore Refineries & Petrochemicals raised by 14% to Rs 95.
Tech Mahindra increased by 13% to Rs 791.
Losers
Reliance Natural Resources slipped 7% to Rs 100.
Reliance Industries, Bharti Airtel and Wipro are the losers.
BSE Sensex slipped below 15,000 mark
Monday June 15: Heavy selling pull down BSE sensex by 362.42 points
The BSE Sensex fell 362.42 points on Monday, dragged by Reliance Industries after a High court asked the billionaire Mukesh Ambani-controlled RIL to sell gas at USD 2.34 mmbtu to Anil Ambani’s Reliance Natural Resources (RNRL), which is half the government-approved price.
The Bombay high court ruling made the RIL shares to fall as much as 7.85 percent where as the Anil Ambani’s Reliance Natural Resources raised by 24.1 percent to 108.35 rupees, its best close in almost 13 months.
There is a volatile situation in the market with one day rise in share value and the next day there is fall. The analyst felt that the share price are over estimated and share market rose by more than 54 % this year after falling to 8000 mark in the last year. Analyst feel the market will go for correction in coming days as the share price are over stretched.
Main market loser are
RIL 7.85 percent
Sterlite 7.6 percent
L&T 4.8 percent
Reliance Natural is the main gainer and increased by 24.1 percent. Today Reliance natural is the highly traded share and it turnover was Rs 1101.20 crore.
Asian stocks declined, led by commodity companies, after metals and oil prices fell. Japanese automakers rose as a weakening yen boosted earnings prospects. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were down. European shares fell on Monday, tracking losses in Asia markets.
The 50-share NSE index fell 99.4 points or 2.2 percent to 4,484 at the end of the day.
BSE Sensex Down 173.53 Points On Friday
June 12 2009: BSE Sensex Down 173.53 Points On Friday
The benchmark 30 share Sensex of the Bombay Stock Exchange (BSE) closed lower for the second consecutive day, today it lost 173.53 points to settled in red at 15,237.94 on renewed selling pressure.
The NSE Nifty index opened at 4637.55 points and then touched a intraday high of 4693.20 points and low of 4566.15 points, and settled in red at 4583.40, down 54.30 points.
The fall down is main because of long term investor booking profits a head of weekend and leak global economy. Even though the sensex lost 173.53 on Friday, nn weekly basis, the Sensex gained 0.89 pc when compared to previous week.
Sensex fell 173.53 points or 1.1% to 15237.94
Nifty fell 54.30 points or 1.2% to 4637.70
Mid Cap index fell 2.1%. Small Cap fell 2.2%.
BSE 500 was down 1.3%.
Major Sensex losers
Ranbaxy Labs -6%
DLF -5.8%,
Reliance Comm -4.4%,
M&M -3.9%,
Tata Motors -3.7%
Major Sensex Gainers
Reliance Industries +2.5%
Sterlite Ind +2.3%
ONGC +0.8%
Tata Steel +0.8%
European Markets:
The main European share markets all ended in Red
FTSE 100: -0.3%
CAC 40: -0.4%
DAX: -0.1%.
Market Turnover:
The Total value of share traded stood at Rs 1,07,004.36 crore as against Rs 94,928.21 crore on Thursday. This Include Rs 23,680.56 crore from the NSE cash segment, Rs 75,452.41 crore from the NSE F&O and the balance Rs 7,871.39 crore from the BSE cash segment. Today BSE did a turnover of Rs 7,868 crore more than than Rs 7,628.57 crore on previous day.
Share market slips, consolidtion for Market
BSE 30 share sensex fell by 55.32 points
June 11: The 30 share BSE sensex fall 55.32 points at the end of the day even though they is a positive sign coming from foreign stock exchange. The BSE sensex moving wide deep in red in the intraday and gain some points at the end of the day to close at slight down mark of 55.34 points or 0.36 percentage less than its previous day close.
The NSE also down by 17.55 points at the end of the day. The 50-share NSE Nifty index resumed flat at 4657.40 and saw a dip in the intraday but manage to bounce back to 4637.70 at the closing of the day. On contrary today the European markets are all ended in green.
On the market analyst said that today is consolidation day for the markets. The benchmark indices ended the session marginally lower. The sell-off in oil & gas, technology, realty, cement, private power counters are in red where as telecom (except Rel comm.) metal stocks, NTPC and HDFC Bank helped the benchmark indices to gain.
India Inflation come down further
Inflation slipped further 0.13 percent
India: India’s annual rate of inflation fell to 0.13 percent for the week ended May 30 from the previous week close of 0.48 percent. This is the 13th successive week that the inflation stood below one per cent mark.
Even though the inflation is fell to its lowest level the price of food and vegetable are rising are still expensive.
Analysts believe that the economy will fell in to the deflation in upcoming weeks. Even though many believe that the Indian economy inflation won’t be in negative for long time.
In a bid to stimulate economic growth, finance minister Pranab Mukherjee asked public sector banks to provide credit at reasonable rates. In his address to chief executives of the public sector banks on wednesday, Pranab Mukherjee said "as a financial intermediary the banks have to stand by to provide credit at reasonable rates."
India’s First Women speaker of Lok Sabha : Meira Kumar
India’s First Women speaker of Lok Sabha : Meira Kumar
Meira Kumar is been nominated for the post of Lok Shaba Speaker by Congress. She will become the first women to attain this high post.
Meira Kumar, who has joined as minister of for Water Resources in newly formed UPA government, has resigned her union minister and said that she has been nominated for the post of lok shaba speaker.
She thanked UPA head Soni Gandhi, Prime Minister Man Mohan Sigh and other UPA allies for choosing her for the post of Lok Shaba Speaker.
Meira Kumar, is the daughter of former deputy PM late Jagjivan Ram, she join Indian Foreign Service in 1960s and quit the job in Indian Foreign Service in 1985 to join politics.
Meira Kumar, five-time Lok shaba MP was first elected to the Lok Sabha from Bijnore in Uttar Pradesh in 1985. she lost the election in 1999 from Delhi's Karol Bagh constituency and again she was re-elected in 2004 from Sasaram in Bihar and she joined Dr Man Mohan Singh government has Minister for Social Justice and Empowerment.
She done a law degree, Kumar became a member of the Supreme Court Bar Association in 1980. Her Husband is a Supreme Court lawyer and she have three children’s.
Indian Rupee on Rise sending alert signal to central Bank and Exporters
The Indian Rupee which it lowest level against the dollar is now on the upward trend reaching it six month high against the American Dollar.
At Forex market the Indian rupee has ended at 47.01/47.02 on 02 June 2009 and the Indian rupee again regained and traded at 46.83. The Indian rupee traded at this high only way back in November 2008.
The main reason for steady again of rupee is said to recent raise in share market and followed by pumping of huge investment by foreigners in local share market.
The raise of Indian rupee eased the the gold price in the country.
Indian Parlimentry Election Tally
Indian Parlimentry Election Tally
UPA
* Indian National Congress led by Sonia Gandhi (Whole India) 206
* Nationalist Congress Party led by Sharad Pawar (Maharashtra) 9
* Rashtriya Janata Dal led by Lalu Prasad Yadav (Bihar) 4
* Samajwadi Party led by Mulayam Singh Yadav (Uttar Pradesh) 23
* Dravida Munnetra Kazhagam led by M. Karunanidhi (Tamil Nadu) 18
* All India Trinamool Congress led by Mamata Banerjee (West Bengal) 19
* Jharkhand Mukti Morcha led by Shibu Soren (Jharkhand) 2
* All India Majlis-e-Ittehadul Muslimeen 1
* Sikkim Democratic Front (Sikkim) 1
* Indian Union Muslim League
* Kerala Congress (Mani) (Kerala) 1
* Socialist Unity Centre of India led by Pravash Ghosh (West Bengal)
* Jharkhand Desam Party (Jharkhand & West Bengal)
* Jammu & Kashmir National Conference led by Farooq Abdullah (Jammu & Kashmir) 3
NDA
* Bharatiya Janata Party (130 MPs)
* Shiv Sena - Maharashtra (12 MPs)
* Janata Dal (United) - Bihar and Karnataka (8 MPs)
* Shiromani Akali Dal faction led by Parkash Singh Badal- Punjab (8 MPs)
* Indian National Lok Dal - Haryana [3]
Others
AIADMK 11
Muslim League Kerala State Committee 2
BSE 30 Sensex Bull Run
Sensex Jump to Peak 18 , may 2009
Dala Street -May 18 Monday after the election result and emergency of congress as a single largest party and a hope for stable government in the center created a very positive upward trend in the share market.
The BSE sensex opened with a jump start with a 1305 gain in first 30 second and the sensex gained another 806 points in next 30 second. As many expect a bull run on Monday as election result are positive and the congress gained majority, a party which committed for open trade policy and liberalization.
The share holder’s wealth soared by a whopping four lakh crore Indian rupees within few seconds of opening trading in BSE.
Many experts said even though the share market over reacted; the positive trend will remain for coming weeks. And also expert believe that the stable government will be able to come with economy boosting plans with will the economy to float in positive direction.
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