Indian Market was down by more than 300 points , Intense selling was seen across all sector , supported by weak cues from global markets mainly european market now . All the sectoral indices were in the negative territory with realty, metals and banks the major under-performing sectors.The European markets opened almost 3 Percent low because of fears of eurozone debt crisis. There are reports that Greece would miss a deficit target set a few months ago.
The 30-share BSE Sensex fell 318.69 points to 16,135.07, and the 50-share NSE Nifty slipped 97.05 points to 4,846.20.
Bseindia like any other global stock exchange website started seeing revenues through Google ads , it was just today when i opened the website i saw google ads in the website , first i thought I opened a different website.
Bombay stock exchange is one of the oldest Asian Stock exchange.We already know that almost 1 million people visit the website every other day and almost million pages are viewed, Its the Indian population that is turning out to be business here.Google has come into collaboration with BSE website for now the ads could be of financial products when quotes are searched for banking stocks and of mobile phones for telecom stock pages.
The exchange sold a 4 per cent stake on Friday to billionaire investor George Soros for about USD 35 million (over Rs 160 crore).Currently, foreign investors hold a 30 per cent stake in BSE, lower than the permissible limit of 49 per cent.
When the market opened today i almost heard 2 to 3 FII saying indian market is safe not much of downside is not there atleast compared to other world market , i was like ya they say this all the time and on the back they sell the stock to have the market crash , same thing happened today again this doesnt have anything to do with FII statements but , today the market was like battered across all the segment.
In the above image you can see , i had taken this from capitalmarket website , the market was fully in red there was no chance for recovery.The worst hit in todays market was those which has something to do with bank interest rates like realty, auto and banks ahead of Reserve Bank of India’s policy meet.
Index and Forex Rate
SENSEX 16289.82 -490.64
NIFTY 4853.10 -154.80
RS/$ 46.18 0.01
Sector Wise Indices Data sorted from low hit sector on top
Index Current Value Change (%)
FMCG 2,783.74 -0.71
OIL&GAS 9,848.10 -1.66
CD 3,780.59 -1.74
IT 4,991.76 -2.54
TECk 3,185.35 -2.61
CG 13,001.16 -2.82
POWER 3,002.68 -2.88
HC 4,690.29 -3.01
PSU 9,346.92 -3.81
BANKEX 9,296.34 -4.19
AUTO 6,897.71 -4.78
METAL 16,050.57 -5.82
REALTY 3,357.25 -7.97
Sensex closed at 17,051 down by 423.35 or 2.42 Per Cent , the market was volatile until 10 or so and after that the results started pouring in and the market started going down from there after market started hearing Disappointing Q3 results from main company like Larsen Toubro , Icici Bank ,there was also profit booking happening in Banking stocks and most of the PSU stocks .Shipping stocks where hammered after the government announced there is no news of sale in shipping corporation of india to public.
>ICICI Bank net profit declines 13.45 per cent in the December 2009 quarter
>Larsen & Toubro net profit declines 50.09 per cent in the December 2009 quarter
>Kingfisher Airlines reports net loss of Rs 419.96 crore in the December 2009 quarter
This is to inform that from January 4th 2009 ,Both NSE and BSE have decided to have the market start opening from 9.00 AM in the morning and have it run until 3.30 PM , this is giving almost 1 hour extra time , this is good news , i always wanted the market to open at 9.00 which will kind of make you busy from 8.30 itself , rather than the normal 9.30 getting rady for the 10.00 clock market , all the TV channels have to change there program timing to adjust to this new change in Market timing , Atleast this New Year 2010 will bring some of the lazy from bed sooner than before who are market watchers.
There is a news release from Bseindia that From December 18th 2009 , which is coming friday , the market will open at 9:45 a.m. and close at 3:30 p.m. This was changed from original timing of 9:55 a.m. to 3:30 p.m.It just the market has been given extra 10 minutes.
This is like one of the big change sensex has brought in for index futures and options and Stock futures and options.They have decided to change the expiry of all monthly index futures and options from last Thursday of the month to the third last Thursday of each contract month. Further, expiry date of all Weekly Options Contracts presently available for trading will also be changed from cycle of Monday – Friday to cycle of Friday – Thursday, i.e. expiry on Thursday instead of Friday. The details are given below:
Changes explained for Monthly and Weekly Futures and Options Contracts
Monthly Futures and Options Contracts
1) Monthly Futures and Options contracts of ALL INDICES presently available (Sensex, Mini Sensex, BSE TECK, BSE Oil & Gas and BSE Bankex) for F&O trading for the months of October 2009 and November 2009 expiring on Oct 29 and Nov 26, respectively will retain their existing expiry dates.
2) The December 2009 contract presently expiring on December 31, 2009 will be compulsorily expired on Thursday October 29, 2009 and a fresh December contract with expiry date of December 17, 2009 will be generated.
3) Also on Thursday, October 29, 2009 (expiry of October 2009 contract), the January 2010 contract to be generated will have expiry date as January 14, 2010.
Weekly Options Contracts
1) The change will be in ALL Weekly Options contracts (Sensex, Mini Sensex, RIL, SBI and TISCO) presently available at the exchange.
2) From Monday, November 16, 2009, Weekly Options contracts will be available on Sensex and mini Sensex plus on underlying stocks RIL, SBI and TISCO with expiry date of Friday, Nov 27, 2009, as per current practice.
3) However, from Friday, November 20, 2009, a fresh two-weekly contract is to be generated with expiry date of Thursday, December 3, 2009. Thereafter all SENSEX AND MINI SENSEX AND CONTRACTS ON RIL, TISCO AND SBI WEEKLY OPTION CONTRACTS will be generated every Friday with a two-week expiry.
The trading members may note that, wherever the expiry of a Weekly Option Contract coincides with the expiry of a Monthly Option Contract, the respective Weekly Option Contract will NOT BE AVAILABLE, as the remainder expiry time of the monthly contract will make it akin to a Weekly contract.
In case any members require any clarification, they are requested to please contact their respective Relationship Manager or the BSE F&O helpdesk on 022-2272 3768 or Suhel Plasar (22728436) or Shivam Gupta (22728346) from Market Operations Team.
Not sure what changed from yesetrday to today , it was down by 493 points yesterday and up by 507 points today , if you sum it up its like no loss no gain.Global markets recovered today and also comments by Finance Minister Pranab Mukherjee on Tuesday, 3 November 2009, that there are no immediate plans to place curbs on capital inflows.Stock that brought down the index yesterday are all up in green .
Sensex closed today in deep red down by almost 491 points , BSE 30-share Sensex provisionally lost 558.98 points or 3.52 percent, off 619.76 points from the day’s high and up just 6.74 points from the day’s low.Sensex which was too much volatile opened flat and went down by 100 points and was trying to recover but by noon it started to fall down and closed in deep red.
Mainly Reliance Industries (RIL) slumped over 6% on reports the Comptroller and Auditor General (CAG) has set up a team to examine the expenses Reliance Industries (RIL) incurred on its D6 natural gas field in the Krishna-Godavari (KG) basin in the Bay of Bengal.Global market was down and it added oil to the market and went down heavily.
Top losers Index wide
Happy Diwali Wishes to Eevryone and Please have a Safe and Sound Diwali .
>Lakshmi Puja and Muhurat Trading on Saturday, October 17, 2009
>Lakshmi Puja : 4:00 PM Onwards
Muhurat Trading Session Details:
Session Start at :
Login –> 05 : 15 p.m. 06 : 15 p.m.
Continuous Trading –> 06 : 15 p.m. 07 : 15 p.m.
Closing –> 07 : 15 p.m. 07 : 25 p.m.
Post Closing –> 07 : 25 p.m. 07 : 45 p.m.
Gammon Infrastructure Projects Ltd has an orderbook of 90 billion rupees and will be executing at least 1.5 bln rupees worth of projects every month for the next three years, a top official said on Wednesday.
A telecom network management joint venture between Alcatel-Lucent and India's Reliance Communications has more than $750 million worth contracts to be executed over five years, the companies said on Wednesday.
Adlabs Films Ltd hopes to see a turnaround in earnings in FY10 as movie releases line up, but the first quarter will continue to be under pressure due to the two-month-long deadlock between producers and distributors, a senior official said.
New Delhi, July 1 (IANS) The government Wednesday approved 21 foreign investment proposals amounting to Rs.84.9 crore ($17.78 million).
Mumbai, July 1 (IANS) A majority of IT companies in the country has urged the government to create better infrastructure to spur domestic demand and provide incentives to the slowdown-hit IT exports sector, a survey released Wednesday said.
Asia-focused Standard Chartered is in talks to purchase banking assets in China and India owned by the Royal Bank of Scotland (RBS), a source with direct knowledge of the matter said on Wednesday.
The meteoric rise of China's Huawei to challenge the world's top telecom gear makers has been mainly in secondary markets, but a serious push into larger, more profitable, developed markets may hinge on an image makeover.
Reliance Industries Ltd has started its second crude unit at its 580,000 barrels a day new refinery in Gujarat this week ahead of planned maintenance shutdown at its old plant, trade sources said on Wednesday.
ABB Ltd said on Wednesday it won an order worth 1.65 billion rupees from a power utility based in Uttarakhand.
TVS Motor Co Ltd, India's third largest two-wheeler maker, said on Wednesday vehicle sales in June rose 5.83 percent to 115,448 units from 109,082 units a year ago.
Equity diversified NAVs tumbled sharply with advance;decline ratio of 5:225, as the benchmark indices retreated on the back of huge selling in rate sensitives, infrastructure, cement, metal and pharma shares.