Posted by Kavit Sharma on 06 Apr 2008 | Tagged as: Business News - India, Retail investors, Stock Markets
After months of mirroring the Wall Street (Indian markets going down with it), domestic markets ‘decoupled’ again this week from global markets (sadly, when the global markets were recovering). In the beginning of this year, the domestic markets were supposed to have ‘decoupled’ due to India’s high GDP growth trajectory. Continue Reading»
Posted by Kavit Sharma on 28 Mar 2008 | Tagged as: Stock Markets
Ignoring higher than expected inflation figures and on account of heavy buying and strong European cues, the Sensex closed 350 points higher for the week.
Bombay Stock Exchange’s Sensex closed at 16,371.29, up 2.22 per cent or 355.73 points.
Day’s high: 16,452.08 & Day’s low: 15,884.45.
National Stock Exchange’s Nifty ended 2.31% or 112 points higher at 4,951.55.
Day’s high: 4,970 & Day’s low : 4,796.35.
Top gainers : Tata Steel (up 9.96%), Infosys Technologies (6.54%), Wipro (6.02%), Larsen & Toubro (5.95%) and BHEL (5.25%)
Biggest losers : HDFC Bank (down 2.77%), ONGC (1.31%), HDFC (0.96%), Tata Motors (0.95%) and Reliance Communications (0.92%) .
Posted by Kavit Sharma on 24 Mar 2008 | Tagged as: Business News - India, Stock Markets
Dalal Street will tend to remain wobbly this week owing to the weak global cues. In the three-trading days last week, the BSE Sensex settled at 14,994.83 points on Friday with a gain of over 161 points, while S&P CNX Nifty closed at 4573.95 points, down 0.90 per cent.
Asika Stock Brokers’ Research Head Paras Bodhra commented :
“Markets would be volatile, there will, however, be a bounce back in the indices but the broader trend is down. Some amount of stability could be witnessed but there would not be a run up. Because the under current is quite weak, the repeated rate cut by the Federal Reserve shows that there is a credit crunch and the global growth rate is slowing down”.
For details, please refer to this Financial Express article :
Financial Express website
Posted by Kavit Sharma on 24 Mar 2008 | Tagged as: Sebi updates, Stock Markets
In a circular sent to all the stock exchanges of the country, Market regulator SEBI (Securities and Exchange Board of India ) has asked the bourses to do away with imposition of price bands ( circuit limit on first day of trading) in the case of non-IPO share listings in order to facilitate accurate price discovery.
Currently, price band policy on first day of commencement or recommencement of trading involves cases of merger, de-merger, amalgamation, capital reduction, scheme of arrangement, revocation of suspension, direct listing on another stock exchange while being listed on one exchange.
Following consultation with the bourses, SEBI said it has been decided that in cases of merger, demerger, amalgamation, capital reduction, scheme of arrangement, and in cases of rehabilitation packages approved by the Board of Industrial and Financial Reconstruction and in cases of Corporate Debt Restructuring (CDR) packages, “there is no need to have a price band on the first day of commencement or recommencement of trading.”
“The price band may be retained in all other cases on the first day,” SEBI said. The new policy for commencement and recommencement of trading of securities would be implemented with immediate effect, it noted.
The new policy is aimed at protecting the interests of investors in securities and promote the development of and regulate the securities market.
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