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Pintu

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http://www.ptinews.com/news/251274_Sensex-ends-flat--Airtel--Wipro-among-gainers

Sensex ends flat; Airtel, Wipro among gainers

STAFF WRITER 17:34 HRS IST

Mumbai, Aug 27 (PTI) In lacklustre trading, Sensex on Thursday closed flat with some select blue-chip stocks attracting buying, while some other heavyweights came under pressure.

After moving 85 points up and down, the Bombay Stock Exchange benchmark Sensex settled up 11.22 points at 15,781.07, completing six straight days of gains, the longest winning streak in four months.

Investors covering short positions on the final day of August derivatives contracts was the marked feature.

The 50-share National Stock Exchange index Nifty rose by 7.35 points at 4,688.20, after briefly crossing the crucial 4,700-point level during the day.

Among the key 30 stocks, half of the stocks ended with gains while other half closed lower.

Blue-chips Bharti Airtel, BHEL, Larsen and Toubro, Wipro and Sterlite were the major key gainers.

Tata Steel, Tata Motors, Hind Unilever and DLF Ltd were the big losers.

Bharti Airtel, advanced 2.
 

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Sensex ends flat amid lacklustre moves

Sensex ends flat amid lacklustre moves
BS Reporter / Mumbai August 27, 2009, 16:13 IST



The Sensex today opened 58 points lower at 15,712. The BSE benchmark index touched a low of 15,685 in early trades, and thereafter rebounded in the noon trades to touch a high of 15,854.

The index moved in a extremely narrow range of 169 points, depsite the futures & options expiry today. Towards the end of the day, the Sensex slipped for a brief period but recovered to finally end at 15,781, up 11 points.

Among the sectoral indices, the BSE Consumer Durables soared 4% to 3,334. Rajesh Exports and Videocon soared 8.5% each to Rs 50 and Rs 243, respectively.Gitanjali Gems advanced around 5% to Rs 125 and Titan was up 3%.

Capital Goods and Healthcare indices were up over 1% each.

On the other hand, Metal, Bankex and Realty indices slipped around 0.5% each.

The market breadth was positive, out of 2,843 shares traded, 1,640 advanced and 1,126 declined today.

INDEX MOVERS...

Bharti Airtel surged around 3% to Rs 416. Wipro and Tata Power advanced 2% each to Rs 568 and Rs 1,357, respectively.

Larsen & Toubro, Sterlite, BHEL and Mahindra & Mahindra were up 1-1.5% each.

...AND THE SHAKERS

Tata Steel slumped 5% to Rs 436. Tata Motors and Hindustan Unilever slipped around 2.5% each to Rs 486 and Rs 257, respectively.

Hero Honda, DLF, Reliance Communication, ICICI Bank and Hindalco were down 1-2% each.

VALUE & VOLUME TOPPERS

Aban Offshore topped the combined value chart with a turnover of Rs 1,666 crore. It was followed by Tata Steel (Rs 963 crore), Reliance (Rs 723 crore), Unitech (Rs 672 crore) and Reliance Natural Resources (Rs 520 crore).

Mahindra Satyam topped the volume chart with trades of 69 million. It was followed by Reliance Natural Resources (59 million), IFCI (44 million), Ispat Industries (28 crore) and First Source (28 million).
 

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http://www.ptinews.com/news/261265_Sensex-down-by-83-pts-on-weak-global-cues

Sensex down by 83 pts on weak global cues

STAFF WRITER 17:28 HRS IST

Mumbai, Sep 2 (PTI) The stock markets lost ground for the third day in a row, as investors forced the bellwether Sensex down by 83.73 points taking cues from weak Asian and European markets.

In a volatile trade, the 30-share index closed lower by 83.73 points at 15,467.46 points.

The broader 50-issue Nifty of the National Stock Exchange declined by 17 points or 0.37 per cent to 4,608.35.

Brokers said weak global cues triggered selling on the domestic stock markets. Realty, auto, capital goods and power counters attracted profit-booking while some of the IT shares were in keen demand.

Most of the Asian indices ended with losses between 0.61 per cent and 2.37 per cent while European indices were also trading lower in their afternoon trade following sharp fall on the Wall Street yesterday.
 

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Sensex slips 84pts amid choppy trades

Sensex slips 84pts amid choppy trades
BS Reporter / Mumbai September 2, 2009, 16:03 IST



The Sensex today opened 70 points lower at 15,482 tracking weak cues from the global markets. The index however manged to erase all its losses and rebounded into the positive terrain. The BSE benchmark index exhibited volatility and moved in the narrow range of 235 points.

Constant bouts of buying and selling tossed the indices into alternative zones of red and green. The Sensex touched a high of 15,628, however negative opening of the European bourses dragged the index into the negative.

The lacklustre index finally ended at 15,467, down 84 points.

The BSE Realty index shed around 2% to 4,203 and the auto index was down 1% at 5,941.

The market breadth was marginally negative. Out of 2,845 shares traded, 1,601 declined and 1,162 advanced on the BSE.

INDEX SHAKERS...

Sterlite slipped 3% to Rs 635. BHEL and Jaiprakash Associates declined 2.5% each to Rs 2,201 and Rs 222, respectively.

Maruti, Bharti Airtel and Mahindra & Mahindra dropped over 2% each to Rs 1,511, Rs 413 and Rs 829, respectively.

Grasim, Tata Power, NTPC, DLF, ICICI Bank and Larsen & Toubro were down over 1% each.

...AND THE MOVERS


Reliance Communications gained 4.5% at Rs 276. Hindustan Unilever has advanced 2% to Rs 267.

Hero Honda , TCS and Infosys were up over 1% each at Rs 1,556, Rs 533 and Rs 2,165, respectively.

VALUE & VOLUME TOPPERS

Unitech topped the combined value chart with a turnover of Rs 1,020 crore. It was followed by DLF (Rs 713 crore), Reliance (Rs 667 crore), Aban Offshore (Rs 664 crore) and Tata Steel (Rs 561 crore).

Unitech also led the volume chart with trades of 99 million shares. It was followed by Mahindra Satyam (59 million), IFCI (48 million), Suzlon ( 75 million) and Reliance Natural Resources (31 million).
 

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Selling in front stocks pulls down indices- Market News-Stocks-Markets-The Economic Times

Selling in front stocks pulls down indices
4 Sep 2009, 0234 hrs IST, ET Bureau

MUMBAI: Key Indian indices lost ground for the fourth consecutive day amid economic worries despite a firm trend in Asian markets on Thursday. Selling in front-run stocks led by Reliance Industries (RIL) pulled down the market in a highly volatile session which, however, saw many medium and small-cap stocks buck the downtrend on selective buying.

Attributing factors to the current weakness in the market, brokers and fund managers said the undertone continues to be bearish amid concerns over unfavourable economic situation in the US and China. Domestically, there are fears that rising food prices may put inflationary pressure on the economy. Looking forward, the market will remain in a consolidation phase with no major movement expected on either side in the absence of any major short term trigger.

The Sensex opened on a positive note and immediately rose to the day’s high at 15,598, up 131 points over the previous day’s close. The initial gains were attributed to firm Asian markets led by China. The Shanghai Composite index climbed 4.8% on hopes that its regulators will take some positive moves to revive confidence among investors.
Among other major Asian markets, Hong Kong, Singapore, South Korea and Taiwan gained 0.02% to 1.23%.

After firm opening, a strong bout of selling dragged the Sensex into the negative territory in early morning. It moved in a narrow range for most part of the trading, before eventually closing at 15,398, down 69 points or 0.5%. The 50-share Nifty fell 14.8 points or 0.3% to 4,593 on Thursday.

“Concerns over economic situation in the US and China, drought-like situation in India, fiscal deficit and its consequences on interest rates, would continue to weight on the sentiment. We have to wait for at least two more quarters to see some real recovery happening in the economy” said fund manger Ved Prakash Chaturvedi.

The US markets ended weak for the fourth consecutive day on Wednesday on concerns that its economic and financial woes are far from over. The Dow Jones Industrial Average was down 0.3% while the S&P 500 Index fell 0.3% and Nasdaq Composite index 0.1% on the day.

“After a sharp run-up in the past few months, the Indian markets are now showing signs of fatigue. It is waiting for some trigger to regain momentum” said Indiabulls Securities CEO Divyesh Shah.

The market breadth was slightly positive as 49.3% of the total 2,845 traded stocks ended higher and 47.5% closing lower. A few select front-run stocks were in demand, including Reliance Communications, Sterlite Industries, Infosys Technologies and Tata Steel. Many second-rung stocks attracted good buying with the BSE Mid-Cap and Small-Cap indices outperforming the overall market. The former gained 0.2% while the latter was up 0.7% on the day. Index heavyweight RIL recorded the biggest fall among the Sensex stocks, ending 2% down at Rs 1,932. M & M, Bharti Airtel, Tata Motors and Tata Power were among other major losers in Thursday’s market.
 

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Sensex slips for fourth day

Sensex slips for fourth day
BS Reporter / Mumbai September 3, 2009, 16:06 IST

The Sensex ended in the negative zone for the fourth day in a row after exhibiting lacklustre movement today. Selling by overseas funds coupled with lack of buying interest by local funds weighed on the markets.

The BSE-30 share benchmark Sensex, which had lost 455 points, or 2.5% in the past four sessions, lost another 69 points at its close at 15,398 today. The index touched a low of 15,357, at fag end of the day, down 241 points from day's high touched during early trades.

In contrast to this recent fall, Sensex gained 7.5%, or 1,113 points during seven trading sessions before this fall.

The NSE Nifty settled at 4,593, down 14 points.

Foreign Instituitional Investors were net sellers of stocks worth Rs 688.31 crore yesterday, according to provisional reports on the BSE.

Among the sectoral indices, BSE Oil & Gas index led the decline with a fall of 1.34% to 9,554.

INDEX SHAKERS...

Mahindra & Mahindra and Reliance shed 2.5% each to Rs 809 and Rs 1,971, respectively.

Tata Motors, Tata Power and ONGC declined 1.5% each to Rs 508, Rs 1,262 and Rs 1,138, respectively.

Bharti Airtel, NTPC and Larsen & Toubro slipped 1.5% each to Rs 406, Rs 204 and Rs 1,512, respectively.

Among the other losers, Sun Pharma, Hindalco, ITC, Hero Honda, HDFC, ICICI Bank, Wipro were down marginally.

Infosys and Tata Steel decreased 1% each to Rs 2,188 and Rs 420.

Among the Nifty stocks, HCL Technologies fell over 2% to Rs 303. Ranbaxy and Power Grid were down 2% each.

...AND THE MOVERS

Reliance Communications soared over 5.5% to a high of Rs 291 on the back of its revived plans of Reliance Infratel IPO.

Sterlite advanced 1.5% to Rs 645. Infosys and Tata Steel advanced 1% each to Rs 2,188 and Rs 420.

VALUE & VOLUME TOPPERS

Suzlon topped the combined value chart on both the BSE and the NSE with a combined turnover of Rs 1,095.26 crore. It is followed by Aban Offshore (Rs 869.18 crore), Reliance (Rs 771.82 crore), Reliance Communications (Rs 728.01 crore) and Reliance Capital (Rs 707.59 crore).

Suzlon has led the combined volume chart with trades of 108.59 million shares. It was followed by NHPC (77.8 million), Unitech (56.84 million), IFCI (39.4million) and Ispat Industries (31.3 million).
 

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Average returns of sensex are highest on Fridays - India Business - Business - NEWS - The Times of India

Average returns of sensex are highest on Fridays
Kumar Shankar Roy, TNN 4 September 2009, 02:31am IST

CHENNAI: Last October, investors witnessed two of the biggest falls in the history of sensex - both on Fridays. But a Friday isn't all about fall. Did you know the index's best 'average daily gains' actually come on the last day of the trading week?

Data shows that average daily returns for sensex is not only the highest on Fridays but nearly two to four times more than on days such as Tuesday, Thursday or even Monday. This is based on an analysis of daily gains (in percentage terms) since September 1, 2003 when sensex was first calculated on free-float market capitalisation method. In fact, when it comes to the top 30 daily gains for the 30-share benchmark in the last five years, Friday features the highest number of times (7), that is nearly 1 out of 4 occurrences.

So, what drives this Friday effect? "(This) data is driven by levels of market activity rather than anything else i.e. trading volumes tend to be higher in the second half of the week (Wed-Fri) and that results in more deals being closed on such days. Brokerages like to close trades before the week ends because if they wait for the following week the trade sometimes gets away," said Saurabh Mukherjea, India head of Noble Group, a British investment bank.

Experienced market participants have had memorable Fridays. Sensex gained over 1,100 points on January 25, 2008, another 750 points on October 31, 2008 and a half a dozen of occurrences when sensex rose 400-puls points in the last four years. Average daily returns for sensex on Friday are the highest at 0.20%, followed by Wednesday (0.12%), Tuesday (0.11%), Monday (0.06%) and Thursday comes last returning a mere (0.05%), data shows.

Thursday's performance has not surprised market experts. In last 4 years, investors have seen sensex lose between 400-800 points on at least 10 occasions on a Thursday. "One of the reasons that can be attributed to lower returns on Thursday can be impact of F&O Expiry which is normally on the last Thursday on the month," said Chetan Majithia, head (Equities) at Crisil.

Sensex to touch 50,000 in 7 yrs: Morgan Stanley

Chennai: Morgan Stanley on Thursday said that sensex could touch 50,000 mark in seven years from current levels, if the assumptions made are optimistic.

"One way of looking at market valuations is to find out the number of years it could take the market to reach a certain level. In our base case, using our residual income model, the BSE sensex (used as a market proxy) could take about nine years to breach 50,000 from its current level. If the assumptions are made optimistic, the period to 50K shrinks to seven years," analysts Ridham Desai and Sheela Rathi said on Thursday.
 

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Sensex, Nifty reach 2009 highs

Sensex, Nifty reach 2009 highs

MUMBAI: Key indices of the Indian equities markets Monday touched highs not seen previously in 2009, as investors continued to buy, particularly into realty, metal, banking and consumer durables stocks, 20 minutes before the closing bell.

At 3.10 pm, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 15,739.27 points, was trading at 16,028.53 points, up 339.41 points or 2.16% higher than Friday's close.

Around the same time, the Nifty of the National Stock Exchange (NSE) was ruling at 4,780.85 points, up 2.15%.

At these levels, both the Sensex and the Nity had touched new highs this year.

Broader market indices were also doing better, with the BSE midcap index ruling 2.39% higher and the BSE smallcap index up 2.88%.

Sensex, Nifty reach 2009 highs - India Business - Business - NEWS - The Times of India
 

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Nifty, Sensex end at new 52-week highs- Market News-Stocks-Markets-The Economic Times

Nifty, Sensex end at new 52-week highs

7 Sep 2009, 1654 hrs IST, Mohammed Sabir, ET Bureau



MUMBAI: The Indian stock market indices touched new 2009 highs on Monday, taking cues from the positive global markets. Much to dealers delight, the market has doubled up from March lows in just six months.

“There is upside in the market based on funds flow and earnings in the first quarter. Based on tax holdings and other seasonal factors, earnings per share on the Sensex could be quite a bit higher than the consensus and probably highest on the street right now. So our thought is that market could potentially break out.

One concern that has developed last week is on the interest rate side. The consumer price index readings are becoming quite serious and I don’t think the Reserve Bank of India can ignore it for too long. So probably by the end of this calendar year, the RBI may increase rates and that may affect interest rate sensitive sectors,” said Pankaj Vaish, MD, Nomura Financials.

After trading range bound for quite sometime, the indices finally broke out of reistance levels and charted new territory. Bombay Stock Exchange ended at 16,016.32, up 327.20 points or 2.09 per cent. The index touched an intra-day high of 16,035.50 and low of 15793.27.

National Stock Exchange’s Nifty closed at 4782.90, up 102.5 points or 2.19 per cent from Friday’s close. The broader index hit a high of 4790 and low of 4679.30.

"Market has finally managed to break out of crucial resistance levels. Benchmarks are moving in a fresh range and next target for Nifty is seen at 5050/5300. We expect large moves in midcaps segment," said a senior market analyst.

Analysts are expecting the upmove to continue provided Asian markets don’t falter (US markets are shut Monday for Labor Day), but the relatively low volumes raise doubts over strength of the upmove.

Traders continued to pick up stocks from the mid and small cap space, which are playing a catch-up game with the index stocks. BSE Midcap Index was up 2.31 per cent and BSE Smallcap Index moved 2.83 per cent higher.


Amongst the sectoral indices, BSE Realty Index gained 5.49 per cent, BSE Metal Index jumped 3.95 per cent and BSE Bankex moved higher by 3.1 per cent.

Biggest Nifty gainers comprised Tata Motors (11.35%), Unitech (7.72%), Jindal Steel (6.86%), Reliance Communications (6.83%) and BPCL (6.59%).

ITC (-1.78%), Mahindra & Mahindra (-1.45%), Tata Communications (-0.69%) and ABB (-0.18%) were the only laggards in the 50-share index.

News based movements in stocks were also seen today. Uttam Galva Steels on Friday said ArcelorMittal Netherlands, a unit of leading steelmaker ArcelorMittal, has taken a stake in the company and become a co-promoter. Uttam Galva did not disclose the financial details of the deal. ArcelorMittal will launch an open offer starting Monday for 29.4 per cent stake in Uttam Galva at Rs 120 per share, a 27 per cent premium over a two-week average and 85 per cent premium over a six-month average. The scrip closed at 10 per cent upper circuit on NSE.

The board of Rei Agro will meet on September 9 to consider and approve issue of rights shares to existing shareholders. The scrip surged 11 per cent on NSE.

Larsen and Toubro, the country’s largest engineering and construction company, is in talks to buy a thermal coal mine in Australia for about $300 million. The mine has estimated coal reserves of 250 million tonne that can generate enough electricity to meet India’s needs for about seven months. The stock ended 2 per cent higher on NSE.

Indian Oil Corporation’s board will meet on September 13 to consider issue of bonus shares. This saw the scrip surge 9 per cent on NSE.

Market breadth on BSE showed 2,244 advances against 587 declines.
 

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http://www.ptinews.com/news/268874_Sensex-closes-16k-level-first-time-this-year


Investors look at the screen, displaying the stock prices
at Bombay Stock Exchange. PTI Photo


Sensex closes 16k level first time this year

STAFF WRITER 16:37 HRS IST

Mumbai, Sep 7 (PTI) The Bombay Stock Exchange benchmark Sensex today closed over the 16,000-point level for the first time this year as buying in realty, metal and banking segments powered over 320-point rally on strong global cues.

The 30-share index rose by 327.20 points to close at 15-month high of 16,016.32 points, a level never seen after June 2, 2008.

The wide-based National Stock Exchange index Nifty soared by 102.50 points to 4,782.90 points.

The rally was backed by steep rise in stocks of realty, metal and banking segments on reports that shortage of monsoon rainfall might ease, improving the outlook of farm production and boosting buying in rural parts of the country.

The fag-end surge was mostly attributed to higher opening in European stock markets this afternoon.

Among the Sensex shares, 28 scrips closed with gains while ITC Ltd and Mahindra and Mahindra ended with losses.
 

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http://www.ptinews.com/news/270850_Sensex-continues-to-rise--Nifty-crosses-4-800-mark

Sensex continues to rise, Nifty crosses 4,800-mark

STAFF WRITER 16:48 HRS IST

Mumbai, Sep 8 (PTI) The Bombay Stock Exchange benchmark Sensex jumped over 100 points today to close at 16,123.67, which is 100 per cent gain from its lowest level this year.

Extending the gains for the third day in a row, the 30- share Sensex advanced by 107.35 poins to close at 16,123.67.

Following the global financial turmoil, the markets had plunged to 8,047.17 points on March 6.

Investor sentiment today got a further boost from positive trends across Asia. Besides, expectations of strong quarterly earnings and signs of a stability in global economy bolstered their confidence.

In similar fashion, the wide-based National Stock Exchange index Nifty crossed the crucial 4,800-point level to close higher by 22.35 points at 4,805.25.

Buying was more or less confined to fundamentally strong stocks. As many as 15 shares in the 30-BSE index closed with significant gains, while the other 15 closed lower.
 

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Sensex holds 16100 on SBI, RIL support- Market News-Stocks-Markets-The Economic Times

Sensex holds 16100 on SBI, RIL support
8 Sep 2009, 1659 hrs IST, Mohammed Sabir, ET Bureau



MUMBAI: Indian stock markets ended in the positive terrain for the third straight session on Tuesday. Indices hit new 52-week highs during the session but saw a sharp decline in the last hour of trade.

Profit booking was seen in stocks from realty, auto and FMCG space while the benchmarks took support from heavyweights like Reliance Industries and State Bank of India.

Markets have shown bullish breakout on hopes of recovery in global markets and recovery in monsoon back home.

“Markets are neither cheap nor expensive they are fairly priced. There is hope for future and at the same time need for caution. So we are somewhere in a state of flux waiting for some trigger which can pull the market in either direction. As of today, liquidity is driving the market. But fundamentals are not behind; they are just round the corner. The economy has done well courtesy debt handling by the government and the RBI. Monsoon also seems to be recovering, though a little late,” said Nilesh Shah, deputy MD at ICICI Prudential Asset Management
Company, speaking to ET Now.

National Stock Exchange’s Nifty ended at 4805.25, up 22.35 points or 0.47 per cent. The broader index hit intra-day low of 4782.65 and high of 4842.20.

Bombay Stock Exchange’s Sensex closed at 16,123.67, up 107.35 points or 0.67 per cent. The index touched a low of 16030.56 and high of 16232.16.

The BSE Midcap Index was down 0.42 per cent and BSE Smallcap Index declined 0.15 per cent.

Amongst the sectoral indices, BSE FMCG Index declined 1.15 per cent, BSE Realty Index was down 0.93 per cent and BSE Auto Index slipped 0.97 per cent. BSE Metal Index was up 2.51 per cent and BSE Oil&gas Index gained 2.01 per cent.

Biggest Sensex gainers were Hindalco Industries (6.05%), Sterlite Industries (4.78%), State Bank of India (4.36%), Reliance Industries (3.73%) and Reliance Infrastructure (3.72%).

Tata Power (3.07%), Hindustan Unilever (2.66%), Mahindra & Mahindra (-2.39%), Reliance Communication (-2.26%) and Maruti Suzuki (-2.16%) were the losers.

Market breadth on BSE was negative with 1,461 declines against 1,362 advances.

Elsewhere, European markets were in the green led by gains in metals. The FTSE 100 was up 0.56 per cent, CAC 40 gained 0.32 per cent and DAX moved 0.46 per cent higher.
 

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FIIs infuse Rs 1,000 crore in Indian stock markets- Market News-Stocks-Markets-The Economic Times

FIIs infuse Rs 1,000 crore in Indian stock markets
7 Sep 2009, 2202 hrs IST, PTI

MUMBAI: Foreign institutional investors today made a heavy investment of over Rs 1,000 crore in the Indian stock markets, helping the key indices to touch their highest levels in more than a year.

Overseas investors were the gross buyer of shares worth Rs 3,001.63 crore, while they sold equities worth Rs 1,941.21 crore, resulting in a net investment of Rs 1,060.62 crore, according to the provisional data with the Bombay Stock Exchange(BSE).

Domestic institutional investors were also bullish about market and made a net investment of Rs 149.96 crore.

On Friday, FIIs were the net seller of shares worth Rs 56.90 crore, as per the latest data with the market regulator Securities and Exchange Board of India (SEBI).

However, non-resident Indians and brokers on behalf of their clients, booked profit and in total sold shares worth Rs 289.89 crore, according to the BSE data.

Proprietors followed FIIs and and purchased shares worth Rs 97.56 crore.

For the first time this year, BSE benchmark Sensex closed above 16,000 points on a strong rally sparked by positive global cues and improved rain in many parts of the country.

The National Stock Exchange's 50-share Nifty also closed at its highest level since May 30, 2008 at 4,782.90 points.

The 30-share Sensex closed the day at more than 15-month high of 16,016.32, a rise of 327.20 points, or 2.09 per cent, over its previous close. Nifty gained 102.50 points to close at 4,782.90.
 

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Pintu, you seem to be follow stock market regularly.

I need some help. I do know that there are two things because of which stock market moves up and down.
1. Fundamentals
2. Technicals

Fundamentals are mainly based on growth in profitability, assets, PE Ratios, Book value etc

I heard technicals are based on that those graphs, resistance, support levels etc. Can you give mroe info about them. any website you aware of which can explain these terms and concepts.


BTW I read in moneycontrol, FIIs have invedted net 45000 crore from april to august, thats close 10 billion USD. Looks like this year is going to be the second best bull run in recent times after 2007.

another interesting thing to note is Mutuals Funds investments are much lower compared to foreign investors. I dunno how would all domestic investment in Stock market would compare to foreign investments. but FIIs activity selling+buying is 4000 to 6000 crore every day and around 1 Lakh crore every month.
 

Pintu

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Dear Ajay, there are many websites , which gives you insight about technicals of the stock markets , there is site maintained by yahoo, but I found out this one very handy:

Technical Analysis

Looks like this year is going to be the second best bull run in recent times after 2007.
Agreed, Ajay, I also think so.

Regards
 

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Oil India $570 mln IPO subscribed 31 times​

MUMBAI (Reuters) - State-owned explorer Oil India's $570 million IPO was subscribed nearly 31 times on Thursday, quelling fears investor appetite for new offerings had waned in the wake of a tepid market debut for two recent big listings. Robust demand for Oil India's IPO also boosted hopes the government will look to sell more stakes in state firms as it looks to raise funds and cut a widening budget deficit. The 26.4 million share offering, priced at a discount to peers, was subscribed 30.81 times by 6:00 p.m. (1230 GMT) on the final day, according to the National Stock Exchange's website. The portion of the IPO allotted to institutions was oversubscribed more than 50 times, with most bids coming at the higher end of the range of 950 to 1,050 rupees, a banker involved in the deal said. Oil India's IPO follows recent offerings from state hydropower producer NHPC and private utility Adani Power, which had together raised $1.9 billion.

Full Story
 

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Oil India $570 mln IPO subscribed 31 times​

MUMBAI (Reuters) - State-owned explorer Oil India's $570 million IPO was subscribed nearly 31 times on Thursday, quelling fears investor appetite for new offerings had waned in the wake of a tepid market debut for two recent big listings. Robust demand for Oil India's IPO also boosted hopes the government will look to sell more stakes in state firms as it looks to raise funds and cut a widening budget deficit. The 26.4 million share offering, priced at a discount to peers, was subscribed 30.81 times by 6:00 p.m. (1230 GMT) on the final day, according to the National Stock Exchange's website. The portion of the IPO allotted to institutions was oversubscribed more than 50 times, with most bids coming at the higher end of the range of 950 to 1,050 rupees, a banker involved in the deal said. Oil India's IPO follows recent offerings from state hydropower producer NHPC and private utility Adani Power, which had together raised $1.9 billion.

Full Story
there was little interest in the IPO and yet it was oversubcribed 31 times.
 

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http://www.ptinews.com/news/278197_Indices-hit-15-month-high-on-strong-global-sentiment

Indices hit 15-month high on strong global sentiment


STAFF WRITER 15:4 HRS IST

Mumbai, Sep 12 (PTI) Indian bourses turned green as both the benchmark Sensex and Nifty hit a 15-month high during the week following sustained capital inflows in view of improvement in business confidence and revival of monsoon coupled with firm global cues.

The main market mover, Foreign Institutional Investors (FIIs) went on buying spree and pumped in Rs 3,275.67 in the week, including provisional data of September 11.

A survey carried out by Federation of Indian Chambers of Commerce (FICCI), for the month of September 2009, suggested that the confidence level of India Inc is on the rise.

Strong response to the initial public offer of Oil India also boosted the market sentiment.

The Bombay Stock Exchange 30-share barometer ended the week higher at 16,264.30 as against the last weekend's level of 15,689.12, a net rise of 575.18 points or 3.67 per cent.
 

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http://www.ptinews.com/news/281214_Sensex-snaps-6-day-gaining-trend--declines-by-50-pts

Sensex snaps 6-day gaining trend; declines by 50 pts

STAFF WRITER 16:50 HRS IST

Mumbai, Sep 14 (PTI) Weak global cues today cut short the six-day winning streak of benchmark Sensex, which lost by over 50 points on profit-booking by investors at high levels.

The 30-share index on the Bombay Stock Exchange was trapped in a narrow range of 16,252.18 and 16,119.95 in lacklustre trading before ending the day at 16,214.19, a fall of 50.11 points or 0.31 per cent over its previous close.

The broader 50-share Nifty of the National Stock Exchange also fell by 20.95 points to 4,808.60.

Slew of factors such as revival of monsoon, promising figures of industrial output, sustained buying by foreign funds and strong world markets had pushed up the Sensex by 865.67 points or 5.62 per cent in the last six days to trade above the 16,000-level after more than 15 months.
 

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http://www.defenceforum.in/forum/newreply.php?do=postreply&t=1596

IANS​
Sensex continues winning streak, up 222 points

2009-09-16 18:50:00

A key index of Indian equities markets, which opened higher Wednesday, zoomed 222 points to close around the day's high, thanks to strong demand for metal, auto and bank stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,498.59 points, closed at 16,677.04 points, up 222.59 points or 1.35 percent.


The index that traded in the green throughout the day hit an intra-day high of 16,700.56 points and a low of 16,498.59 points.


The benchmark index had gained 240 points in Tuesday's trade.


The Nifty of the National Stock Exchange (NSE) also ended in the positive terrain at 4,958.4 points, up 1.36 percent.


Broader market indices also made gains, with the BSE midcap index ending 1.45 percent higher and the BSE smallcap index up 1.1 percent.


The market breadth was positive, with 1,575 stocks advancing, 1,243 declining and 64 remaining unchanged.


Tata Steel, one of the top steel makers in the world, led the rally with 8.21 percent hike in its share price. Other top gainers include Tata Motors, up 6.22 percent; Hindalco, up 4.96 percent; SBI, up 4 percent and Sterlite Industries 3.71 percent.


The top losers are Hindustan Unilever, down 0.91 percent; Wipro, down 0.73 percent and Reliance Infrastructure 0.66 percent.


According to data with the regulator, the Securities and Exchange Board of India (SEBI), foreign institutional investors Wednesday bought shares worth $183.2 million.


Other important Asian markets were trading mixed.


The Nikkei, a key index of the Tokyo Stock Exchange, closed 53.15 points higher at 10,270.77 points.


At the Shanghai Stock Exchange, the benchmark SSE Composite was ruling 2.04 percent down at 2,336.62 points.


The primary index of the Hong Kong Stock Exchange, Hang Seng was in the green at 21,402.92 points, up 536.55 points or 2.57 percent.


All major European markets were ruling in the positive terrain.


In Britain, the FTSE 100 index was ruling 72.37 percent higher at 5,114.5 points, while its French peer, the CAC 40, was up 50.54 percent at 3,802.75 points.


Germany's DAX, too, was ruling in the positive at 5,678.93 points, up 49.95 percent.
 

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