Entries Tagged 'BSE India' ↓

The stock markets down fall in this week was dreadful for most of the investors, stocks were going up and down the sensex hitting the lower circuit and recovering. Finance ministers intervening into the situation announcing that the step from the SEBI was to moderate the incoming funds from the global markets to the Indian markets.

According to the estimates, Investors  would have lost around Rs 2.7 trillion in the past 2 trading sessions with the markets shedding over 1000 points and most of the country’s 30 largest blue chip companies account for nearly 50% of the losses.

Total Wealth of all the listed companies dropped to 56,01,050 crore as against 58,71,400 crore before the freefall began on the stock markets on Wednesday. The BSE 30-Sensex companies together have lost close to Rs 1,40,000 crore in past two days, including a loss of about Rs 90,000 crore in today’s fall withthe country’s most valued firm RIL’s loss put to Rs 32,000 crore.

Dont know how much more markets will drop today and how much more investors will loose in this free falling markets.

BSE and NSE market timings from today will change due to sun outage. Change in Market Timings would be in effect from September 25,2007 to October 09,2007.

Timings of BSE and NSE are as follows

Markets Opening : 9.55 AM

Break : 11.25 to 12.10 (Halt in Trading)

Close of Markets : 4.15 instead of 3.30 pm.

Closing session on BSE would be from 4.25 to 4.45 Pm and the closing bell on NSE would be from 4.35 to 4.45 Pm as per the annoucement made by both the stock exchanges.

Leading Global Welath Manager UBS has revised the target set for the sensex from 15000 to 16,300 by the end of this fiscal year.UBS remains bullish on Indian markets and they have set the 2008 year end target for the BSE sensex at 19,000 points.  

UBS has said that domestic drivers override concerns over global credit and mortgage markets. They added that the strong Capex cycle and secular consumption growth will remain intact and that every correction should be treated as buying opportunities.

USB has put overweight on engineering, telecom, cement, auto and IT sectors. Their top picks include RIL, Bharti, L&T, Grasim and Tata Steel.

Bombay Stock Exchange has touched today 16000 points, a great day for all the investors who have kept faith in the Indian Stock markets and made continous investments. Hope Sensex touches new peaks from here onwards  and make 20000 points a realistic target.

Here is the Journey from 1000 to 16000 points on the BSE sensex

July 25, 1990   , 1000 points
January 15, 1992,  2000 points
February 29, 1992, 3000 points
March 30, 1992 , 4000 points
October 8, 1999 , 5000 points
February 11, 2000 ,6000 points
June 20, 2005 ,7000 points
September 8, 2005 ,8000 points
November 28, 2005 ,9000 points
February 6, 2006 ,10,000 points
March 21, 2006 ,11,000 points
April 20, 2006 , 12,000 points
October 30, 2006 ,13,000 points
December 5, 2006 ,14,000 pionts
July 6, 2007 ,15,000 points
September 19, 2007 , 16,000 points.

If you review the above figures, the sensex has exactly doubled in 2 years, this is great returns for all the investors who have invested in Indian Stock markets

According to Mr Rajnikant Patel, Managing Director & CEO of Bombay Stock Exchange , “BSE has picked up 5% stake, as a strategic partner, in Calcutta Stock Exchange(CSE). We have signed an MOU for the revival and growth of Calcutta Stock Exchange and its members. We believe that BSE, CSE combination presents a good business opportunity for both BSE & CSE’s members.”

BSE has bought 5% stake in Calcutta Stock Exchange, at Rs 2000 per share on pre money enterprise valuation of approx : Rs 60 crore.