~~~Market Updates~~~

[great]

After a firm opening on Monday, the markets slipped into the red with the benchmark index crashing 1100 points to 9826 levels in intra-day trade.

The trading has been suspended for an hour as the indices hit the lower circuit. This is the biggest intra-day fall for Sensex ever.

In the broader markets, the Nifty shed 10.8 per cent or 350 points. It is hovering at 2896 levels.

The markets on Monday saw the use of index-based circuit breakers for the second time after they were introduced on June 28, 2001. They got activated for the first time on May 17, 2004.

The crash followed a statement by Central Board of Direct Taxes (CBDT) seeking to dispel suggestions that its draft circular was ambiguous.

Leading the pack of losers at the Sensex is Tata Motors. The counter slipped 13.2 per cent or Rs 112. NTPC, BHEL, HDFC Bank, Cipla and Hindalco are the other key losers.

The market breadth is extremely negative with all the BSE 30 and NSE 50 scrips trading in the red.

Capital goods worst hit

The BSE capital goods index slipped 14.4 per cent or 1120 points. It is the biggest loser among sectoral indices.

Alstom Projects, Thermax Limited and Siemens India shed close to 20 per cent each. Greaves Cotton, Larsen & Toubro and HEG Limited slipped over 15 per cent each.

Weakness is also seen in metal counters. The BSE metal index slipped 13.4 per cent or 1166 points. Sterlite Industries at Rs 325 levels plunged 20.2 per cent or Rs 82.

Hindustan Zinc (down 20 per cent), Jindal Stainless (down 20 per cent), Sesa Goa (down 17.5 per cent), Tata Steel (down 17.2 per cent), Jindal Steel & Power (down 17 per cent) and SAIL (down 12 per cent) are the other key losers.


http://www.ndtvprofit.com/homepage/storybusiness.asp?id=31331&template=

[thamizhvaanan]

actually BSE was riding high right for the past few months g8?

[sgokulprathap]

Is the draft resolution by Central Board of Direct Taxes (CBDT) to tax long term capital gains the reason for this fall?

[sgokulprathap]

Whoever invested in BSE when it was around 14000 levels may stand to lose. :(

[thamizhvaanan]

I dont get it! wat resolution? any explanation?

[great]

Is the draft resolution by Central Board of Direct Taxes (CBDT) to tax long term capital gains the reason for this fall?

thats one of the main reason FII are not investing after that.

Even the global commodity market is not stable.

Those are interested in investing in shares this is the right time to invest as the value of the share are drastically dropping and defn the share price will be normal in few weeks :)

[sgokulprathap]

I dont get it! wat resolution? any explanation?

At present, only short-term gains are taxed. i.e. if u buy a stock and sell it within an year, u wil b taxed for ur gains. Only in certain cases, longterm gains(>1 yr) r taxed.

But the draft resolution by CBDT says it is considering to tax all longterm gains in stock market.

Also in current scenario, FIIs (Foreign Institutional Investors) r not taxed much. So by taxing longterm gains, they may also b come under tax burden.

[thamizhvaanan]

but will it not be a loss, if the market stabilises around a value lower than the current one?

[sgokulprathap]

Yes, this is the right time for investors to invest. Many of the bluechip (Shares in BSE and NSE) shares r now under valued.

[thamizhvaanan]

I dont get it! wat resolution? any explanation?

At present, only short-term gains are taxed. i.e. if u buy a stock and sell it within an year, u wil b taxed for ur gains. Only in certain cases, longterm gains(>1 yr) r taxed.

But the draft resolution by CBDT says it is considering to tax all longterm gains in stock market.

Also in current scenario, FIIs (Foreign Institutional Investors) r not taxed much. So by taxing longterm gains, they may also b come under tax burden.


oh i get it somewat!!

[sgokulprathap]

but will it not be a loss, if the market stabilises around a value lower than the current one?

No it ll not. V hav clever finance minister and prime minister. Its for sure, if markets crash like this, they'll come with some new amendments which ll please investors. Then markets wil again rise like anything.

[thamizhvaanan]

Any of u guyz invest in stocks? a gang of people from my class invested together once. I dunno wat happnd next!

[sgokulprathap]

Finance Minister's clarification to FIIs:

FIIs dont hav any permanent hold in India.

FIIs r considered as mere investors and traders. So they'll not b taxed.

He made this statements b4 4 days when sensex crashed 750 points. I thought after these statements market wil again start to rise. But still its falling.

[great]

almost all the stock values have dropped except HCL tech which is positive

[dev]

I doubt if this fal is solely coz of CBDT... this market correction was a long expected one... if interested, U can read abt it here...

http://www.equitymaster.com/detail.asp?date=5/18/2004&story=1

http://www.equitymaster.com/detail.asp?date=5/18/2006&story=2

[sgokulprathap]

Trading resumed. Sensex is now down 631 points at 10307.

So seems trade suspension worked favourably.

[great]

I doubt if this fal is solely coz of CBDT... this market correction was a long expected one... if interested, U can read abt it here...

http://www.equitymaster.com/detail.asp?date=5/18/2004&story=1

http://www.equitymaster.com/detail.asp?date=5/18/2006&story=2

Defn its not the sole reason but its one the major reason and even the commidity market is down globally

[sgokulprathap]

Interest rate hike in US is also main reason for this collapse.

[dev]

Any of u guyz invest in stocks? a gang of people from my class invested together once. I dunno wat happnd next!

I do trade in the Indian market... I have taken it up as a practical way to learn abt the stk market...Once U put your money, U'll be more dedicated in learning abt it... a good way to learn, I believe... Even the losses one makes will be offset by the knowledge gained... :)

[great]

Thamizh, if you wanna get hang on how stock market works...

Try this site moneybhai.com

its simulated one , you would be given few lakhs and if you make good return on the principal you have invested ... you would be eligible for gifts etc.....

this is better way to learn about the market..

[sgokulprathap]

I'm investing in Stock market through mutual funds systematic investment plan. Thereby I do not invest any bulk amount. I invest around 5000Rs every month. When markets fall I'll have more units of funds. When markets rise, i'll hav less units of fund allocated each month. So by Systematic investment plan u can gain even when markets fall or rise.

Am I more confusing? :?

[dev]

I doubt if this fal is solely coz of CBDT... this market correction was a long expected one... if interested, U can read abt it here...

http://www.equitymaster.com/detail.asp?date=5/18/2004&story=1

http://www.equitymaster.com/detail.asp?date=5/18/2006&story=2

Defn its not the sole reason but its one the major reason and even the commidity market is down globally

Yes, the market was raising without paying heed to things happening around... crude price rise, interest rate hike globally etc etc... Good that the correction occured... U can find many value stocks now... :)

[great]

I'm investing in Stock market through mutual funds systematic investment plan. Thereby I do not invest any bulk amount. I invest around 5000Rs every month. When markets fall I'll have more units of funds. When markets rise, i'll hav less units of fund allocated each month. So by Systematic investment plan u can gain even when markets fall or rise.

Am I more confusing? :?

I guess this concept is called as Rupee cost averaging.

With this change you would be benefitted as you are getting more units and defn once the share price picks up you can cash it for better price

[sgokulprathap]

Stay invested: FM to retail investors

Last Updated: May 22, 2006 13:58 IST


Finance Minister P Chidambaram said banks will provide liquidity to brokers/traders to meet all margin calls.

He also asked retail investors to stay invested in the market and not panic as the fundamentals were strong and the market will recover soon.

The finance minister also said that today's crash was expected after what happened last week.

The finance ministry, Securities and Exchange Board of India, Reserve Bank of India and Bombay Stock Exchange authorities were virtually on hotline to assess the situation and minimise the damage.

"There was certain nervousness in the market. My message to retail investors is to stay invested. FIIs are here to stay. There is no reason to panic... banks will provide money to those who want to provide margin calls," Chidambaram said.

"The system is in place and whatever has to be done has been done. My information is that brokers operating on proprietary accounts were under margin pressure, so they were selling.

"But Mutual Funds are buying and even FIIs have bought today."

He said the economy was strong and so was the business confidence index.

Reacting on the stock market crash, Minister of Company Affairs Prem Chand Gupta sought to soothe sentiments, saying there was no cause for panic.

"Economic indicators are strong and ups and downs are parts of any system," he said.

He, however, advised retail investors to invest carefully.

CPI (M) leader Abani Roy demanded a probe and urged the government to spell out the reasons for this unprecedented fall.

He went on to add that while the government took credit when the markets went up, it was quick to blame "international pressures" when the markets hit a spiral.

Additional inputs: PTI

[sgokulprathap]

I'm investing in Stock market through mutual funds systematic investment plan. Thereby I do not invest any bulk amount. I invest around 5000Rs every month. When markets fall I'll have more units of funds. When markets rise, i'll hav less units of fund allocated each month. So by Systematic investment plan u can gain even when markets fall or rise.

Am I more confusing? :?

I guess this concept is called as Rupee cost averaging.

With this change you would be benefitted as you are getting more units and defn once the share price picks up you can cash it for better price

Exactly :D

[sgokulprathap]

The 10 biggest falls in Sensex history (excluding todays):

1. May 18, 2006: The Sensex registered a fall of 826 points (6.76 per cent) to close at 11,391, it's biggest ever, following heavy selling by FIIs, retail investors and a weakness in global markets.

2. April 28, 1992: The Sensex registered a fall of 570 points (12.77 per cent) to close at 3,870, it's second-largest, following the coming to light of the Harshad Mehta securities scam.

3. May 17, 2004: Another Monday. Sensex dropped by 565 points, its third biggest fall ever, to close at 4,505. With the NDA out of power and the Left parties, part of the UPA coalition government, flexing their muscle, the Sensex witnessed its second-biggest intra-day fall of 842 points, twice attracting suspension of trading. At close, however, it regained some of its lost ground.

4. May 15, 2006: The market fell by 463 points to 11,822 points.

5. April 4, 2000: Sensex slumped by 361 points to 4,691.

6. May 12, 1992: Indian stock markets plunged 334 points to fall to 3,086.

7. May 14, 2004: Sensex lost 330 points to fall to 5,070.

8. May 6, 1992: Losing 327 points, the Sensex fell to 3,561 points.

9. April 12, 2006: Sensex loses at 11,356 points, having lost 306 points..

10. March 31, 1997: Indian stocks sink, with the Sensex losing 303 points to 3,361.

[great]

wipro -36
tcs -49.70
infosys -124.60
satyam -22.25

infosys down by 124.60 rs :shock:

[thamizhvaanan]

I'm investing in Stock market through mutual funds systematic investment plan. Thereby I do not invest any bulk amount. I invest around 5000Rs every month. When markets fall I'll have more units of funds. When markets rise, i'll hav less units of fund allocated each month. So by Systematic investment plan u can gain even when markets fall or rise.

Am I more confusing? :?

I think this is cool!!

gr8, actually in IIT symposium they had stock market simulation as a competition. teams had to build softwares that predict and invest accordingly in markets.

[great]

Banking sector:

Banking
Name Index Current Change
Price (Rs) (Rs)
ALLAHABAD BANK BSE 79 -4.1
ALLAHABAD BANK NSE 78.5 -4.9
ANDHRA BANK NSE 68.05 -3.8
ANDHRA BANK LTD BSE 67.75 -3.9
BANK OF BARODA BSE 227.1 -9.65
BANK OF BARODA NSE 228.5 -8.1
BANK OF INDIA BSE 120 -9.55
BANK OF INDIA NSE 120 -8.4
BANK OF MAHARASHTRA BSE 24.15 -2.55
BANK OF MAHARASHTRA NSE 24.5 -2.15
BANKEX BSE BSE 4,841.17 -167.55
CANARA BANK BSE 207 -16.05
CANARA BANK NSE 207 -15.15
CORPORATION BANK BSE 273.25 -37.7
CORPORATION BANK NSE 270 -39.25
DENA BANK BSE 32 -2.8
DENA BANK NSE 31.85 -3.35
FEDERAL BANK LIMITED BSE 188 -20.35
FEDERAL BANK LIMITED NSE 187 -10.75
HDFC BANK LIMITED BSE 780.05 -33.45
HDFC BANK LIMITED NSE 785.95 -23.7
ICICI BANK LTD BSE 540 -16.85
ICICI BANK LTD NSE 539.5 -15.95
INDIAN OVERSEAS BANK BSE 74.5 -1
INDIAN OVERSEAS BANK NSE 74 -1.25
INDUSIND BANK LIMITED BSE 44.65 -4.2
INDUSIND BANK LIMITED NSE 43.8 -4.85
ING VYSYA BANK LIMITED BSE 124 -7.65
ING VYSYA BANK LIMITED NSE 124.5 -8.2
JAMMU & KASHMIR BANK LTD BSE 338 -32.6
JAMMU & KASHMIR BANK LTD NSE 345.45 -28.15
KARNATAKA BANK LIMITED NSE 83 -10.05
KARNATAKA BANK LTD BSE 82.9 -11.15
KARUR VYSYA BANK LTD BSE 580 -23.65
KARUR VYSYA BANK LTD NSE 588.9 -12.4
KOTAK MAHINDRA BANK LTD BSE 293 -26.4
KOTAK MAHINDRA BANK LTD NSE 290.25 -35.2
LAKSHMI VILAS BANK LTD NSE 92 -9.75
ORIENTAL BANK OF COMMERCE BSE 206.5 -13.3
ORIENTAL BANK OF COMMERCE NSE 204 -14.75
PUNJAB NATIONAL BANK BSE 424.95 0.1
PUNJAB NATIONAL BANK NSE 425 0.6
SOUTH INDIA BANK LIMITED NSE 62 -1.85
SOUTH INDIAN BANK LIMITED BSE 60.4 -3.3
STATE BANK OF INDIA BSE 858 -10
STATE BANK OF INDIA NSE 860.8 -8.3
SYNDICATE BANK BSE 67.2 -6.35
SYNDICATE BANK NSE 67.2 -6.4
UCO BANK LTD BSE 22.85 -1.25
UCO BANK LTD NSE 22.5 -1.65
UNION BANK OF INDIA BSE 105 -4.95
UNION BANK OF INDIA NSE 105 -4.95
UTI BANK LIMITED BSE 319.65 -5.4
UTI BANK LIMITED NSE 317.45 -6.3
VIJAYA BANK/INDIA BSE 38.5 -3.95
VIJAYA BANK/INDIA NSE 36.85 -5.5
YES BANK LTD BSE 91 -4.85
YES BANK LTD NSE 90.05 -6

[nms]

Hmm..
I think it's bit late ..i was about to open a thread on this..but seeing alreadya thread running to 2 pages.

namma hubla ellarum romba surusuruppu... :)

[great]

Technology stocks are down by :(

Name Index Change
(Rs)
BALAJI TELEFILMS LTD BSE -9
BHARTI TELEVENTURES BSE -0.3
DECCAN CHRONICLE BSE -18.8
FINOLEX CABLES LIMITED BSE -15.45
HCL TECHNOLOGIES LTD BSE 0.75
HCL-INFOSYSTEMS LTD BSE -11.05
HEXAWARE TECHNOLOGIES LTD BSE -2.45
HIMACHAL FUTURISTIC COMMUN BSE -3.3
I-FLEX SOLUTIONS LTD BSE -112
INFOSYS TECHNOLOGIES LTD BSE -124.6
MACMILLAN INDIA LTD BSE -25.95
MAHANAGAR TELEPHONE NIGAM BSE -14.75
MOSER BAER INDIA LTD. BSE -4.45
MPHASIS BSE 0.8
NAVNEET PUBLICATIONS INDIA BSE -19.7
NEW DELHI TELEVISION BSE -30
OPTO CIRCUITS INDIA LTD BSE -25.95
PATNI COMPUTER SYSTEMS LTD BSE -4.75
PENTAMEDIA GRAPHICS LTD BSE -0.24
SATYAM COMPUTER SERVICES LTD BSE -22.25
SHYAM TELECOM LIMITED BSE -11.95
STERLITE OPTICAL TECH LTD BSE -14.8
TATA CONSULTANCY SERVICES BSE -49.7
TATA TELESERVICES MAHARASHTR BSE -1.6
TELEVISION EIGHTEEEN INDIA BSE -1.15
TV TODAY NETWORK LTD BSE -6.45
UTV BSE -11.55
VIDESH SANCHAR NIGAM LTD BSE -15.65
WIPRO LTD BSE -31.8
ZEE TELEFILMS LIMITED BSE -2.1

[sgokulprathap]

Cha, last week only I spend 19000Rs to buy a mobile phone. Had I not buy that mobile, I wud hav now invested much in share market. Just miss.

[great]

:lol: which model you have

[sgokulprathap]

Sensex Recovering:

AT 14.09 IST:

Sensex: 10594.64 (Down 3.14 %).
Nifty: 3124.05 (Down 3.78%).

[sgokulprathap]

:lol: which model you have

Sony Ericsson W810i. Initially I thought of buying a K700i, which costs around 7000Rs. But later I thought K750i( costs around 10000Rs) is better than K700. Then I thought W800i (costs around 15000Rs) is better than K750i. Finally I settled for w810i (19000Rs).

Another important thing is I sold an UTI fund which was just one month old for 11500Rs. (I bought the fund for 10000Rs). I sold this to buy new mobile.

Though I made profit from UTI fund (Its value on Friday was 9000Rs, now it shud hav reduced further) and I'm satisfied with my mobile, I'm bit sad as I dont hav some money to invest today.

[great]

oh good one !!!

UTI funds are :banghead:

[sgokulprathap]

After a long period, mutual funds r now happy. Most of them were waiting for a correction to get stocks at best deals.

Today so far mutual funds r net buyers. Contra funds r buying more today.

As expected, FIIs r net sellers so far.

[nms]

This is the right time to enter the market.
Some of the value buys are
Satyam
ITC
Bajaj Auto

U can bet on many IT stocks.

[great]

Yeah ITC is valuable thing.....


Banking is also the best bet... I have been tracking few funds which are doing extremly well .

[nms]

Great can u suggest some existing good funds?
As per my research HDFC Top 200 & HDFC Equity were consistent performers.

[sgokulprathap]

oh good one !!!

UTI funds are :banghead:

S. They r not that gud. Now I'm having a portfolio including Sundaram Select Midcap Fund (Good returns for over 4 years), SBI Magnum Contra (works well when market is falling) and Magnum Global (Good returns for over 8 yrs).
So more than 55% of my investment is in Midcap funds, 35% in largecap funds and 10% in smallcap funds and other financial instruments.

[great]

Great can u suggest some existing good funds?
As per my research HDFC Top 200 & HDFC Equity were consistent performers.

are u looking out for MF or Equities....

The above funds are doing good + ICICI prudential fund

If its MF then invest on Sectoral funds infracstructure fund should be the best bet as of now as more weightage is given for infrastructure during the budget

[sgokulprathap]

Great can u suggest some existing good funds?
As per my research HDFC Top 200 & HDFC Equity were consistent performers.

Funds like Reliance Growth, Reliance Vision, Sundaram Select, Magnum Contra, Magnum Global r all good bets. They giv consistent returns.

Look for funds performance over a period of time in this site. They do gud analysis of each and every fund.

http://www.valueresearchonline.com/funds/default.asp

[sgokulprathap]

Markets @ 14.30 IST

Sensex- 10462.38 (down 4.35%).
Nifty- 3074.85 (down 5.30%)

[great]

Prudential ICICI Emerging STAR
Sundaram India Leadership
Magnum Contra
HDFC Equity


One more fund ....

DSPML TIGER this is one of the best performing fund :D

[sgokulprathap]

Top performing funds over last 1 year in Equity:Diversified Category:

Open Ended - Equity: Diversified - one Year Return

Fund - Returns(%) As on 19th May.

1) Sundaram Select Midcap - 102.32%
2) Magnum Global - 97.95%
3) Magnum Multiplier Plus - 93.75%
4) Magnum Contra - 90.36%
5) Prudential ICICI Dynamic - 87.38%
6) Prudential ICICI Emerging STAR - 85.79%
7) Prudential ICICI Power FII - 85.01%
8) Sundaram Select Focus - 84.05%
9) DSPML T.I.G.E.R. - 82.77%
10) Prudential ICICI Power - 82.77%

[great]

will be back in 3-4 hours !!!

[sgokulprathap]

:wave: gr8

[sgokulprathap]

Sensex:

Intraday high:11142.90.
Intraday low:9826.91.

[Nakeeran]

Hey guys, interesting thread ! I normally invest through MF only as they give avge returns between 15 and 20% annualised.

ONE SUGGESTION, SHALL WE CHANGE THE THREAD NAME TO :

STOCK MARKET NEWS so that we can have a permanent discussion on this on a day to basis.

It will benefit others as well instead of running on a short term basis ?

Gokul Pratap and Great Anne, what do you think ??

[sgokulprathap]

At the end of the day:

Smallcap and Midcap funds lose more. Bank index lose less.

Index:
Sensex: 10481.77 (Down 4.18%).
Nifty: 3081.35 (Down 5.1%).

Other BSE Indices:
BSE100- 5382.22 (Down 4.51%).
BSE500- 4137.90 (Down 4.91%).
BSEPSU- 5280.07 (Down 5.76%).
BSEMIDCAP- 4955.34 (Down 6.38%).
BSESMLCAP- 6336.03 (Down 6.87%).
BSEBANKEX- 4884.40 (Down 2.48%).

http://www.bseindia.com/

[sgokulprathap]

S Nakeeran. This shud b made a permanent thread.

PS Gr8: Topic can b changed for this thread to make this a permanent one.

[dsath]

Have any of you invested or stayed invested when the stock market is so volatile. Its not even the crash that is bothering me (may be its a correction), but the volatility is too much.
Have to wait and watch how dollar is going to do in the near future.

[great]

S Nakeeran. This shud b made a permanent thread.

PS Gr8: Topic can b changed for this thread to make this a permanent one.


sure even i have thought of the same.Lets discuss about the daily happening of stock movement and also the various types of investments. :)


STOCK MARKET NEWS so that we can have a permanent discussion on this on a day to basis.

It will benefit others as well instead of running on a short term basis ?

Gokul Pratap and Great Anne, what do you think ??

[sgokulprathap]

Have any of you invested or stayed invested when the stock market is so volatile. Its not even the crash that is bothering me (may be its a correction), but the volatility is too much.
Have to wait and watch how dollar is going to do in the near future.

I'm investing every month irrespective market volatilility. If u luk @ long term, these market volatilities wont affect the investments.

[sgokulprathap]

We were talking abt FIIs selling leads to market crash. But actually yesterday FIIs and mutual funds were net buyers at the end of the day. It was retail investors who were selling in hurry due to panic of further loss.

[sgokulprathap]

Don't go by rumours: Sebi tells investors

According to Securities and Exchange Board of India chief M Damodaran, Sebi is tracking the market development. Damodaran told CNBC-TV18 in an exclusive interview that there are no systemic issues on exchanges and all systems are in place.

Damodaran further asked people not to go by rumours but to take informed decisions. As per him, Sebi is in touch with the RBI and there are no liquidity problems

[sgokulprathap]

IMF report:

Welcome strong export growth in India

RBI's flexible exchange rate policy serving it well

Asia benefiting from Japan recovery, momentum in China

Inflation a risk & many Cen Bks more vigilant

Outlook for India very favourable

Projecting growth for Asia at 7%

[great]

///It was retail investors who were selling in hurry due to panic of further loss


FII started investing only in the late afternoon in the morning they were pulling off their investment.

[sgokulprathap]

S. FIIs were buying in afternoon session only. But they buy more in afternoon then they sell in morning. But it was retail investors who were selling all along the day.

[great]

S. FIIs were buying in afternoon session only. But they buy more in afternoon then they sell in morning. But it was retail investors who were selling all along the day.

Bcoz retail investors are not aware how market works since FII taken the investment back retailer followed the suit.In india most of the people are not aware of how the market work and also the knowledge is limited with regard to various investments.

[sgokulprathap]

BSE today started with 10600 points (@ 9.54 am). Within 5 minutes it dropped to 10200 points (@ 9.59am). AT 10.09am it recovers to 10500 points. Now its now around 10400 ponits (@10.12am). Looks like ther'll b more volatility today also.

[sgokulprathap]

S. FIIs were buying in afternoon session only. But they buy more in afternoon then they sell in morning. But it was retail investors who were selling all along the day.

Bcoz retail investors are not aware how market works since FII taken the investment back retailer followed the suit.In india most of the people are not aware of how the market work and also the knowledge is limited with regard to various investments.

S. They unnecessarily become panic when market falls. Infact most of them buy when market is at its high and sell off in panic when market falls, resulting in losses.

[sgokulprathap]

Gr8 u can remove ur link in ur signature. That link now shows the news of CBSE class XII results announcement. Tomorrow it may show a different news. :D

[great]

done :)

[sgokulprathap]

Sensex is now at 10631.51 points at its day's high. Let's c whether the bulls can b back atleast today.

[great]

The best option pick would be

Banking and Technology stocks as of now :)

[sgokulprathap]

Sector wise Bank & Technology r gud choice. Automobile sector is also a gud choice. Yesterday when I watch business channels like CNN, NDTV Profit.... all of them were saying automobile sector is now very undervalued in Indain markets. So if u invest in them now, u'll gain more when this sector bounces back.

[sgokulprathap]

Regarding mutualfunds, Contra funds wud b a gud choice.

[great]

Regarding mutualfunds, Contra funds wud b a gud choice.

If you are planning to invest in Mutual funds go for Infrastructure fund thats best thing.

Automobiles stocks were picking up yesterday itself i dont have the exact data

[c4ramesh]

at 11:13

Sensex 10,548.88 +67.11
Nifty 3,112.95 +31.60

[sgokulprathap]

Regarding mutualfunds, Contra funds wud b a gud choice.

If you are planning to invest in Mutual funds go for Infrastructure fund thats best thing.

Automobiles stocks were picking up yesterday itself i dont have the exact data

Am goin to make new investments next month only. I'll prefer either infra or banking or automobile sector depending on their movements.

[sgokulprathap]

BSE Indices at 11:48:53 AM

Read as
Indices Points +-Pt +-%
SENSEX 10,524.80 43.03 0.41
BSE100 5,411.19 28.97 0.54
BSE500 4,151.11 13.21 0.32
BSEPSU 5,354.75 74.68 1.41
BSEMIDCAP 4,940.15 -15.19 -0.31
BSESMLCAP 6,291.06 -44.97 -0.71
BSEBANKEX 4,873.97 -10.43 -0.21

[sgokulprathap]

BSE Indices at 12:29:53 PM

All indices r now red. Smallcap and Bankex lose more.

Indices Points +-Pt +-%
SENSEX 10,389.51 -92.26 -0.88
BSE100 5,347.72 -34.50 -0.64
BSE500 4,108.74 -29.16 -0.70
BSEPSU 5,275.85 -4.22 -0.08
BSEMIDCAP 4,916.04 -39.30 -0.79
BSESMLCAP 6,258.05 -77.98 -1.23
BSEBANKEX 4,829.20 -55.20 -1.13

[sgokulprathap]

FIIs are here for a long time: FM

May 23, 2006

In an exclusive interview with CNBC-TV18, Finance Minister Palaniappan Chidambaram says that on a long-term basis, the India story is going strong. Commenting on the stock market crash, he said that over-leveraged traders came under margin pressures.

He further said no FIIs (foreign institutional investors) have complained regarding the CBDT (Central Board of Direct Taxes) circular and that FIIs bought in the F&O (Futures and Options) markets on Monday.

Chidambaram feels that MFs (mutual funds) and HNIs (high net worth individuals) are using this as a buying opportunity, so are retailers. He adds that the Securities and Exchange Board of India has called a meeting of the exchanges today (Tuesday). The exchanges will discuss the problem of over-leveraged positions.

Excerpts from CNBC-TV18's exclusive interview with the finance minister:

How concerned or worried are you about the state of the Indian capital market in the short-term since we have to sit in the global context or sell off as far as the emerging markets are concerned?

The markets all over Russia, China, Brazil, Indonesia have declined. India as an emerging market, is not an exception. The difference in India is that in the last few days, some people who have been over-leveraged have come under margin pressures.

I believe yesterday the Reserve Bank, the banks, SEBI and exchanges have addressed that issue. There is nothing to worry for genuine investors because they are invested for the long-term and the long-term India story continues to be that of solid growth. No one has doubted India's growth story. In the short-term, we are addressing the issue of over-leveraged buyers.

How are you addressing it as far as the future and option side of the market is concerned? That is where we saw the pain coming in, have you had a conversation with the regulator and what kind of systemic changes are possible or likely on that front?

I can't speak about systemic changes and I am told that SEBI has called a meeting of the exchanges today and they will address the issue. If they need my approval, they will make recommendations but in the immediate short-term what the over-leveraged buyer has to be given is margin money, liquidity and that is being provided.

At the same time, those who are sitting on large amounts of cash are still taking positions on the F&O segment. For example yesterday, while the FIIs were net sellers in the cash market they have bought as much as Rs 2,000 crore (Rs 20 billion) in the F&O market for June. So therefore those who have the money are taking positions while those who do not have the margin money will be provided liquidity.

We have seen clarifications on how the CBDT circular did not talk about FIIs; and how FIIs are governed by the double taxation and hence this is not a means of getting them under the tax net but have those apprehensions been allayed and what is the feedback you are getting from the FIIs?

No FII has complained to me about the circular. It is the experts who have been commenting on the circular. FIIs know the legal positions and they have gone to the advance ruling authority and got judgments in their favour. FIIs, whether they are traders or investors, if they do not have a permanent establishment cannot be taxed in India. Most FIIs are covered by the double taxation agreement.

So you have no complaints from FIIs on the CBDT circular?

Many FIIs have spoken to me and none of them have complained to me about the circular.

Have they expressed any apprehensions about the state of the markets, about the ferocity of the fall?

On the contrary I have heard, I have been told and I have read statements by FIIs. I even saw an ad by an FII in the front page of Indian Express yesterday in the money section, which says 'Stay invested, FIIs are here for the long-term.'

What about the domestic mutual funds; we understand that the government does not want to influence the levels at which the market is trading. Have you been in touch with LIC, on what kind of strategy, vision and what kind of value they are seeing in this market?

I think the domestic mutual funds know what to do. Statements from MFs like UTI Mutual Fund and ICICI Prudential, which I have read this morning and yesterday say that this is a buying opportunity.

Please see the irony of it, mutual funds say there is an opportunity to buy, High Networth Individual say this is an opportunity to buy. Why should the small investors decide to sell now? The small investors must heed the advice of mutual funds and remain invested.

It is clearly an opportunity to buy. The market did rise too rapidly and when it did rise, I have been cautioning investors to take informed decisions. If you cannot do your homework, please trust your money to mutual funds.

And now when a decline takes place, an orderly decline would not cause concern. But volatility causes concerns; what we are trying to do is stem the volatility and bring some order into the market.

How do you intend to bring some order into the market?

I think if investors stay invested and those who are over leveraged find the money to meet margin call, calm will return to the market.

On Friday, when you came out and made a statement, you called the market fall a manufactured crisis - what exactly did you mean by that?

I meant that there was some misinformed reporting about this CBDT's Draft Circular, the legal position remains the same as it was in 1989 and all that CBDT did was to update that circular.

If anyone had any doubt about the thrust of the circular, whether it applied to FIIs or not should have, in my view, checked with the ministry of finance.

They could have asked us if it applied to FIIs and we would have told them that FIIs are governed by a separate provision of the Income Tax Act and governed by DTAA and the legal positions hasn't changed at all.

Besides, it was a draft circular inviting public comment. That misinformation in a sense caused some alarm but I thought it was allayed when I came out and said that FIIs are exempted because they do not have a permanent establishment.

Although the FII apprehension may have been allayed, it certainly hasn't allayed the concerns of your allies, the Left parties as well as some members of the opposition. They are calling for an enquiry into the market crash on the basis of the data that you have got from the market regulator, from the economic agencies, is there any reason to believe that it could have been on account of other reasons that there is a need for any need for enquiry?

It is too early to comment one way or the other and I decline to comment for the time being. At the moment, our effort is restore calm and order to the market. Retail investors must stay invested, mutual funds are buying, FIIs have taken Rs 2000 crore position in the F&O segment, HNIs are saying in the newspapers that this is a great opportunity to buy. Let's restore calm in the market.

We understand that Sebi chief, Mr Damodaran was in the capital yesterday, did you meet him?

No, I was preoccupied with the Parliament and I think he went back early afternoon. He was here for an official meeting.

You said that the market regulators are going to be holding meetings today to take stock of the situation on how they can deal with the systemic pressure. Are they going to be meeting with the regulators as well as the Finance Ministry?

No, I was told that he is meeting the stock exchanges, the BSE and NSE.

The Left Party has commented on the vulnerability of the markets; they want reinstating of the long-term capital gains tax, which you have come out and said that the government is not intending to that. But how do you plan to address these concerns. If the markets continue to fall, the Left will only continue to raise the bar on the apprehensions that they have?

We deal with arguments when they are raised but as I have said government has no intention to re-introduce long-term capital gains. The government does not intend to unilaterally review the Indo-Mauritius treaty. We are hemmed in by legal provisions that we have entered into voluntarily over a period of time. So I do not think any change in the tax regime is warranted.

FIIs are here for the long-term and I am happy that mutual funds have become equally significant players. In fact today, the influence of mutual funds is nearly equal to the influence of FIIs. I'm quite happy with the role played by FIIs and mutual funds in the last few days. If someone is selling, he is selling for a reason but someone else is buying at the same time. So, I don't think we should attribute motives to a sale or a purchase order. The point is that in the long-term, the India growth story is intact, FIIs know it, so do mutual funds and genuine retail investors must believe in that story.

There are also concerns about an asset bubble being created and now with the markets fallen the way they have, we continue to see negative sentiment on the street, do you expect to see it having a spin over effect on other asset classes as well, especially property prices?

Please remember that on May 17 2004, the market hit 4427 and even after the correction over the last week, yesterday the market closed at nearly 10,500 and it is still 2.5 times what it is was on the eve of the UPA government assuming office. The market has risen in pace with economic growth and sometimes it has risen rather steeply.

But I have cautioned investors to take informed decisions. A correction is underway and a correction by itself poses no problem except that it should be orderly and I can't say what effect it will now have on the realty market. I haven't examined that but realty prices are not driven only by stock market but by number of other factors.

Sometimes there is a sentiment on other asset classes too.

It is not easy to buy and sell property as it is easy to buy and sell shares.

You have just completed two years in office and according to the TV18 network poll, you have been the best performing minister. At the end of these two years, what are the areas of the disappointments specifically as far as your ministry is concerned?

Today I think, the UPA celebrates completing two years of office. In two years, we have put India back on the high growth trajectory. India's growth is now around 8 per cent. We have kept inflation below 4 per cent. Results have built up to $163 billion.

I still remember the day in 1991, when we had less than $1 billion and then Finance Minister Dr Manmohan Singh and I were worried men. Today we have $163 billion, employment is high, we have addressed social issues through the National Rural Employment Guarantee Act, we have raised old age pensions, unfolded the Bharat Nirman, the Rural Electrification, and the whole lot has changed. I think this is the time to be happy about what has been done and prepare for the future.

Talking about preparing for the future suggest some of those unfinished issues in FDI and in retail, what is the status as far as that is concerned, the banking bill on voting rise did not come up in Parliament and Parliament session has come to an end, that has led one to believe that it has being shelved?

No, that is not correct. These are under discussions. In a democracy, especially in a coalition, we can only move after discussion. I think the UPA, the Left and others will meet from time to time to discuss these matters. Look at the progress it has made and look at the unfinished agenda. While we must celebrate the progress, we must address the unfinished agenda in a manner, which makes sense to the growth story. We will address that.

Are you giving us a timeline because we understand that these matters are going to various group of ministers?

I cannot give you a timeline and this is not the occasion to talk about it.

[sgokulprathap]

BSE Indices @ 1:41:54 PM

Except smallcap index, other indices r now in green.

Read as
Indices Points +-Pt +-%
SENSEX 10,598.15 116.38 1.11
BSE100 5,453.21 70.99 1.32
BSE500 4,184.20 46.30 1.12
BSEPSU 5,377.31 97.24 1.84
BSEMIDCAP 4,979.78 24.44 0.49
BSESMLCAP 6,310.78 -25.25 -0.40
BSEBANKEX 4,888.06 3.66 0.07

NSE- 3124.05 (up 1.39% @ 1:39 PM)

[sgokulprathap]

Bulls r back now:

BSE Indices @ 2:40PM

Read as
Indices Points +-Pt +-%
SENSEX 10,747.12 265.35 2.53
BSE100 5,535.36 153.14 2.85
BSE500 4,248.04 110.14 2.66
BSEPSU 5,469.96 189.89 3.60
BSEMIDCAP 5,057.84 102.50 2.07
BSESMLCAP 6,427.14 91.11 1.44
BSEBANKEX 4,955.20 70.80 1.45


NSE - 3189.20 (up 3.50%)

[Nakeeran]

Gokul

How much money was eroded in the last 2 days ? Pl summarise in terms of market capitalization.
I wonder why even tech stocks are down !

[sgokulprathap]

Gokul

How much money was eroded in the last 2 days ? Pl summarise in terms of market capitalization.
I wonder why even tech stocks are down !

No clear figure is available. When sensex fell by 826 points on thursday, CNN said the loss is Rs. 275000 crores. I think atleast Rs. 10 lakh crores wud hav lost in last one week. But I dont hav any exact figure.

Inspite of these losses, this is gud for new investors. Intelligent investors wud now hav invested more.

[Nakeeran]

Gokul

How much money was eroded in the last 2 days ? Pl summarise in terms of market capitalization.
I wonder why even tech stocks are down !

No clear figure is available. When sensex fell by 826 points on thursday, CNN said the loss is Rs. 275000 crores. I think atleast Rs. 10 lakh crores wud hav lost in last one week. But I dont hav any exact figure.

Inspite of these losses, this is gud for new investors. Intelligent investors wud now hav invested more.

God ! 275k crore is a huge erosion :cry: the crash after the harshad mehtra scam, this could be the next in terms of % . I think the market was 3500+ during HM era.
I saw Chidambaram with his as usual statement :

Fundamentals are strong
FIIs are here to stay etc etc

When we have 2 strong guys Manmohan Singh and Chidambaram, this should have not occured !

[sgokulprathap]

Hardly PC can do anything now. He shud hav taken action when the markets where rising like anything. Sensex raised 10000 to 13000 points (or 14000) in such a shorter time when other markets were not doin well. Had this been controlled at that time, these sudden falls woun't hav occured.

[sgokulprathap]

Has any1 watched Jaya News yesterday.
JJ was requesting PC to resign for not controlling markets properly. :lol: :lol: :lol:

[sgokulprathap]

Yashwant Sinha also blames PC for not having control over market. During NDA rule whenever market falls 200 or 300 points opposition used to demand Sinha's resignation. Now this is his turn.

[sgokulprathap]

Gokul

How much money was eroded in the last 2 days ? Pl summarise in terms of market capitalization.
I wonder why even tech stocks are down !

No clear figure is available. When sensex fell by 826 points on thursday, CNN said the loss is Rs. 275000 crores. I think atleast Rs. 10 lakh crores wud hav lost in last one week. But I dont hav any exact figure.

Inspite of these losses, this is gud for new investors. Intelligent investors wud now hav invested more.

God ! 275k crore is a huge erosion :cry: the crash after the harshad mehtra scam, this could be the next in terms of % . I think the market was 3500+ during HM era.


When Harshad scam comes into light, sensex fell by 570 points to 3870.
Percentage wise its 12.77%. Thursday's fall of 826 points leads to 6.76% loss. I've given a link to 10 biggest falls of sensex. Of the first six biggest falls, four have happened in last one week.
http://in.rediff.com/money/2006/may/18spec.htm

[sgokulprathap]

Sensex Journey:

1000, July 25, 1990

On July 25, 1990, the Sensex touched the magical four-digit figure for the first time and closed at 1,001 in the wake of a good monsoon and excellent corporate results.

2000, January 15, 1992

On January 15, 1992, the Sensex crossed the 2,000-mark and closed at 2,020 followed by the liberal economic policy initiatives undertaken by the then finance minister and current Prime Minister Dr Manmohan Singh.

3000, February 29, 1992

On February 29, 1992, the Sensex surged past the 3000 mark in the wake of the market-friendly Budget announced by the then Finance Minister, Dr Manmohan Singh.

4000, March 30, 1992

On March 30, 1992, the Sensex crossed the 4,000-mark and closed at 4,091 on the expectations of a liberal export-import policy. It was then that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.

5000, October 8, 1999

On October 8, 1999, the Sensex crossed the 5,000-mark as the BJP-led coalition won the majority in the 13th Lok Sabha election.

6000, February 11, 2000

On February 11, 2000, the infotech boom helped the Sensex to cross the 6,000-mark and hit and all time high of 6,006.

7000, June 20, 2005

On June 20, 2005, the news of the settlement between the Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy, Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000 points for the first time.

8000, September 8, 2005

On September 8, 2005, the Bombay Stock Exchange's benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk buying by foreign and domestic funds in early trading.

9000, November 28, 2005

The Sensex on November 28, 2005 crossed the magical figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock Exchange on the back of frantic buying spree by foreign institutional investors and well supported by local operators as well as retail investors.

10,000, February 7, 2006

The Sensex on February 6, 2006 touched 10,003 points during mid-session. The Sensex finally closed above the 10K-mark on February 7, 2006.

11,000, March 27, 2006

The Sensex on March 21, 2006 crossed the magical figure of 11,000 and touched a life-time peak of 11,001 points during mid-session at the Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that the Sensex first closed at over 11,000 points.

12,000, April 20, 2006

The Sensex on April 20, 2006 crossed the magical figure of 12,000 and closed at a life-time peak of 12,040 points for the first time.


In June 2005 Sensex was at 7000 levels. In April it reached 12000. When markets rise like this , huge corrections which is happening now is inevitable.

[rocketboy]

if you have the time gokul please explain how the stock market functions.
I have zero knowledge about this and am eager to learn from you.

[sgokulprathap]

if you have the time gokul please explain how the stock market functions.
I have zero knowledge about this and am eager to learn from you.

Well, I donno whether I can explain it clearly. But lemme try.

Suppose a company wants to start a new project costing so many crores. They may not hav enough funds to start their project. So wat wil they do is they'll come to public for rising funds.

Consider this example. A company needs Rs.1 lakh for its project (I've given small figures just for eg). It may decide to go for public (through stock market) to rise funds. They wil then fix a value for their shares (I dont explain this much as it wil lead to further confusions) and issue to public.

So now the company wil hav necessary funds to do their project. Public who bought the company's share wil b shareholders. So when the company do well, its share value wil increase.

But now due to global effects, many factors influence share values.

Regarding stock markets, BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) r two main markets here. The company wud go to public thru BSE and / or NSE.

Sensex is based on how 30 important stocks in BSE moves. That is they select 30 important stocks in BSE and give a weightage to each of the stocks. The weighted average of these 30 stocks is sensex. Similarly 50 stocks in NSE is considered for Nifty.

I think I'm more confusing. I'll try to explain in simpler way when I've time or if I get any good link I'll post.

[sgokulprathap]

At the end of the day:

Indices Points +-Pt +-%
SENSEX 10,822.78 341.01 3.25
BSE100 5,574.23 192.01 3.57
BSE500 4,280.26 142.36 3.44
BSEPSU 5,497.90 217.83 4.13
BSEMIDCAP 5,103.05 147.71 2.98
BSESMLCAP 6,480.23 144.20 2.28
BSEBANKEX 5,000.67 116.27 2.38

Nifty - 3199.35 (up 3.83%)

:thumbsup: Bulls r back. Dont b surprised if the markets again reach new highs in a week.

[great]

Market looks decent compared to yesterday.But i havent bought anything during the correction :(

[sgokulprathap]

Maimed on Halal Street

It's only when the tide goes out that you discover who's been swimming naked: Warren Buffett

Though we can't say whether the tide is actually over or not, some funds have definitely lost their shirt (at least) in the recent fall.

Here's the list of five funds that were butchered on Dalal Street between May 10 and May 22, 2006:

Taurus Discovery Stock
Loss: 25.04%
That Taurus Discovery Stock has lost a quarter of its portfolio is hardly a surprise. With assets spread over select few stocks, the fund behaves more like a stock rather than a diversified equity fund. Till May 22 this year, the fund was down 10.49 per cent as against the category average return of 9.97 per cent. For investors, the fund is still to discover anything significant.

Canemerging Equities
Loss: 22.27%
A concentrated portfolio led by mid- and small-cap stocks has come in way of this fund's emergence as a credible option for equity funds' investors. With more than half of the assets allocated to only five stocks, this fund's fortunes are bound to see wild gyrations. Over 75 per cent exposure to mid- and small-cap stocks is not going to help either.

Magnum COMMA
Loss: 21.99%
Huge exposure to metal stocks has led this new fund down. However, in a short existence, Magnum COMMA has done well. The six month's trailing return of 28.32 per cent places the fund in the top quartile of the diversified equity funds' category. We hope it's not a fullstop for Magnum COMMA.

BOB Diversified
Loss: 21.70%
Another fund that seems to have paid a price for maintaining a concentrated portfolio. Launched in March last year, the fund has started its life as a laggard.

LICMF Equity
Loss: 21.50%
Tough to beat this fund's inconsistency. The recent bull run had made the fund's return look somewhat respectable on a standalone basis. But a 4.03 per cent annualised return since launch way back in February 1993 proves that the fund has regularly lost its shirt in tough times like these.

[sgokulprathap]

Market looks decent compared to yesterday.But i havent bought anything during the correction :(

Even I didn't. But need not worry. The market may again go for correction after taking a short break. When market rises heavily, correction is always on hand. So let us c how today's bull run maintains. Many foreign stock exchange researchers r saying that Sensex's fair value now shud b only around 9000.

[great]

no it will get back to 11500 in another 1-2 weeks i dont think correction will be so quick .

[sgokulprathap]

My SIP investments happens between 4th to 10th of each month. So I'll b happy if market didn't rise much till then.

[great]

My SIP investments happens between 4th to 10th of each month. So I'll b happy if market didn't rise much till then.

:lol: :lol: that time the market would be normal

[sgokulprathap]

This month till 10th, markets were at peaks. :(

[great]

This month till 10th, markets were at peaks. :(

yea thats true i was extremly happy bcoz my stocks were @ all time high

[sgokulprathap]

So if its atleast normal, next month its OK. But not 12000s and 13000s.

[sgokulprathap]

Sensex nearing 11000 mark:

BSE Indices

Wednesday, May 24, 2006 11:40:06 AM

SENSEX 10950.88 (up 128.10 points, 1.18%)
BSE100 5651.74 (up 77.51 points, 1.39%)
BSE500 4349.02 (up 68.76 points, 1.61%)
BSEPSU 5581.58 (up 83.68 points, 1.52%)
BSEMIDCAP 5218.13 (up 115.08 points, 2.26%)
BSESMLCAP 6677.02 (up 196.79 points, 3.04%)
BSEBANKEX 5134.45 (up 133.78 points, 2.68%)


http://www.bseindia.com/

[sgokulprathap]

Great, wat abt Pru ICICI Infrastructure Fund? How is it doin? Wat abt other funds in Infra sector?

Am planning for some new SIP investments next month (or may b after two months). Am currently doin SIP investment of 2000Rs / month in Sundaram Select Midcap fund. So I think no need for goin again into Midcap funds. I'm goin to make another SIP investment of 3000Rs. / month around June / July. So shall I make this SIP in 3 diff funds or in 1 or 2 selected funds. Is it better to invest in sectoral funds or Equity:diversified funds.

Or is it too early to decide on funds since the trend may change in next 1 or two months.

Gr8 ur suggestions plz.

[sgokulprathap]

Sensex reached 11000 mark again today. :thumbsup:

[great]

Dont diversify ur portfolio much, you would get confused.

Have u made investment in DSP TIGER... I would suggest you to invest if you have not invested .But please wait for 10 more days before making any investment as the market will fluctuate atleast for few more days.

Regarding Infrastructure fund its a new theme so go according to the brand. I would collect more details before EOD :)

[sgokulprathap]

Dont diversify ur portfolio much, you would get confused.

Have u made investment in DSP TIGER... I would suggest you to invest if you have not invested .But please wait for 10 more days before making any investment as the market will fluctuate atleast for few more days.

Regarding Infrastructure fund its a new theme so go according to the brand. I would collect more details before EOD :)

No, I've not made any investment in DSP TIGER. Wat's that fund all about? :?

Gr8, no problem regarding waiting. I may most probably start new investments by June end or July first week only.

[sgokulprathap]

Hmm... DSP Tiger looks promising too. The fund's one year return is 79.27% (category average 58.35%). It's continuosly performing better than category average. But I think funds like Magnum Contra, Magnum Global, Reliance Growth and Reliance Vision r performing well for over a longer period of time than DSP Tiger.

[Nakeeran]

Great

Pls change the thread name to STOCK MARKET NEWS

Gokul, nice information flow from you. Pl continue your good work

[sgokulprathap]

Thanx Nakeeran.

Sensex floating around 10900

BSE Indices

Wednesday, May 24, 2006 1:09:52 PM

SENSEX 10,884.39 (Up 61.61 points, 0.57%)
BSE100 5,613.65 (Up 39.42 points, 0.71%)
BSE500 4,321.87 (Up 41.61 points, 0.97%)
BSEPSU 5,525.09 (Up 27.19 points, 0.49%)
BSEMIDCAP 5,198.41 (Up 95.36 points, 1.87%)
BSESMLCAP 6,646.07 (Up 165.84 points, 2.56%)
BSEBANKEX 5,113.96 (Up 113.29 points, 2.27%)

Nifty - 3210.90 (up 0.36%)

[great]

Hmm... DSP Tiger looks promising too. The fund's one year return is 79.27% (category average 58.35%). It's continuosly performing better than category average. But I think funds like Magnum Contra, Magnum Global, Reliance Growth and Reliance Vision r performing well for over a longer period of time than DSP Tiger.

Yeah thats the fund i was talking about, DSP is performing extremly well from its inception. Have u made any investment in equities or you prefer only MF

[sgokulprathap]

Hmm... DSP Tiger looks promising too. The fund's one year return is 79.27% (category average 58.35%). It's continuosly performing better than category average. But I think funds like Magnum Contra, Magnum Global, Reliance Growth and Reliance Vision r performing well for over a longer period of time than DSP Tiger.

Yeah thats the fund i was talking about, DSP is performing extremly well from its inception. Have u made any investment in equities or you prefer only MF

only MF

[sgokulprathap]

K. Lunch time. :wave:

Wil come back shortly with market updates and a list of top performing mutual funds.

[sgokulprathap]

[tscii:1223aabfc1]Open Ended - Equity: Diversified Funds - Top Performers

All figures in %.

One Year Return
Category Average-58.35
Sundaram Select Midcap- 98.46
Magnum Global-87.62
Magnum Multiplier Plus-86.02
Magnum Contra-84.58
Prudential ICICI Dynamic-80.53
DSPML T.I.G.E.R.-79.27
Sundaram Select Focus-78.79
Prudential ICICI Emerging STAR-78.3
Prudential ICICI Power FII-78.19
Kotak 30-77.3

Three year Return (Annualised)
Category Average-62.12
Magnum Global-101.01
Magnum Contra-93.14
Reliance Growth-89.13
Sundaram Select Midcap-88.13
Magnum Multiplier Plus-83.65
Tata Equity Opportunities-78.07
Taurus Starshare-73.91
Birla Sun Life Equity-73.23
HSBC Equity-72.56
Tata Pure Equity-72.50

Five year return (Annualised)
Category Average-36.78
Reliance Growth-60.70
Reliance Vision-57.44
Magnum Contra-56.68
Franklin India Prima-55.84
Magnum Global-48.85
Birla Sun Life Basic Industries-46.87
HDFC Equity-45.28
Bonanza Exclusive Growth-44.56
Principal Resurgent India Equity-44.18
HDFC Top 200-44.08
[/tscii:1223aabfc1]

[sgokulprathap]

Worst performing Funds in Equity:Diversified category:

Five year Returns (Annualised - %)
Category Average-36.78
Taurus Discovery Stock-23.16
LICMF Equity-23.56
ING Vysya Select Stocks-24.19
UTI Mastershare-25.07
Cangrowth Plus-25.21
UTI Services Sector-26.99
UTI Brand Value-27.10
UTI Index Select Equity-27.78
Principal Equity-28.35
Can D'Mat-29.04

Even the most worst performing fund in Equity:Diversified category produces 23.16% annualised return over 5 years.
:o

[sgokulprathap]

Oh, great gr8. U hav changed the topic now. :D

[sgokulprathap]

Markets @ 2.15pm

Sensex now down 108 points (1%) to 10715.
BSE100 index down 0.82%.
BSE500 index down 0.51%.
BSEPSU down 0.85%.
BSEMIDCAP rise by 0.72%.
BSESMLCAP rise by 0.98%.
BSEBANKEX rise by 0.83%.

[great]

///Even the most worst performing fund in Equity:Diversified category produces 23.16% annualised return over 5 years.

If your lock in period is more than 5 years you can expect return to the tune of 30%.But normally people will not hold their investment for such a long period esp in MF`s

[sgokulprathap]

///Even the most worst performing fund in Equity:Diversified category produces 23.16% annualised return over 5 years.

If your lock in period is more than 5 years you can expect return to the tune of 30%.But normally people will not hold their investment for such a long period esp in MF`s

S. True. But wat's surprising is those worst performing (?) stocks produce over 20% annual returns consistently. Remember that 23.16% return of Taurus discovery fund is not a cumulative one, its annualised. So if u put cumulative figure, even the worst performing stock would hav doubled the investment in 5 years. Indha magical figure yellam paartha TNla chit fundsla panam pottu yemaravanga neraya peru stock marketla invest panna aarambichuduvanga.

[sgokulprathap]

Markets @ 3pm

Markets turn RED.

Sensex now down 226 points (2%) to 10597.
BSE100 index down 1.89%.
BSE500 index down 1.57%.
BSEPSU down 2.00%.
BSEMIDCAP down by 0.29%.
BSESMLCAP down 0.14%.
BSEBANKEX down 0.24%.

Nifty down 2.37% to 3123 points.

[sgokulprathap]

All indices end in red.

Sensex down 250 points (2%) to 10573.
BSE100 down 2.14%.
BSE500 down 1.81%.
BSEPSU down 2.27%.
BSEMIDCAP down 0.41%.
BSESMLCAP down 0.38%.
BSEBANKEX down 0.56%.

[great]

[tscii:7133873ab2]Buying a new fund? Read this

May 24, 2006


In 2005, there were about 40 launches of New Fund Offers, garnering over Rs 25,000 crore (Rs 250 billion).

The attraction of a NFO to the investors is indisputable. Asset Management Companies are shoring up their Assets Under Management like there is a no tomorrow.

Reliance Equity Fund garnered over a whopping Rs 5,700 crore (Rs 57 billion) in one NFO; this is equivalent in size of a small AMC.

What is it that drives investors to these new issues proverbially like a moth to a flame?

Aggressive marketing by asset management companies, superb advertising campaigns, media fanfare and pushy distributors tempt investors.

They find the lure of a new fund offer irresistible.

I guess, it is the psychological factor which makes them feel that they are getting allotment at Rs 10, which is 'cheap'. They fail to distinguish between a primary NFO and an equity Initial Public Offering.

The primary difference between an equity IPO and a mutual fund NFO is that equity IPO can be perceived to be undervalued and there is a possibility of potential gains on listing.

But in the case of a mutual fund NFO, the money mobilised is deployed in purchasing stocks from the stock market at then current market price. The Net Asset Value on listing shall reflect the prevailing market price of the scrips in the portfolio constructed.

So there is no earthly reason to be excited about listing gains.

But the investors of new mutual fund schemes do not seem to see the difference in this fine line.

Existing schemes come with track records have been in the business a while. Their portfolios are constructed and are available for your inspection. You can judge their performance against the backdrop of various market cycles. The performance can be benchmarked and the fund manager's ability gauged.

Against this, in a new fund offer, you start from scratch with a clean slate.

But, to be fair, the AMCs have been quite creative and have structured lots of new schemes with innovative themes. So, when is it that you can consider investing in a new fund offer?

Keep these points in mind:

1. If the NFO is from a fund house you do not have exposure to, you can consider investing. Take a look at all your current mutual funds. Do you have any from this fund house? If not, consider it. But don't do it blindly. The track record of the fund house, its investment style, the fund manager's track record are all crucial inputs.

2. If the concept of the scheme fits into your portfolio, invest. Say if you do not have any exposure to a midcap scheme, then you could consider investing in a Kotak Midcap or an SBI Midcap. Or you could consider putting your money on a theme that is novel in nature and where you are optimistic of its future prospects, say like a Birla Gen-Next or a Kotak Lifestyle.

3. If the concept of the NFO is venturing into virgin areas whose prospect seem to be bright. For instance, Templeton Equity Income fund which plans to invest in global equities; this was allowed earlier as well, but with a lot of restrictions.

4. If the NFO fits into your overall asset allocation, then opt for it. Let's say you need to increase the number of debt funds in your portfolio, but you also need monthly income that is tax efficient. If a NFO hits the market that is debt-oriented under the Monthly income plan category -– by all means subscribe.

Here are some examples of innovative ideas fund houses have come up with to capture current trends:

Sundaram SMILE: Investing in small and midcap stocks.
Franklin MultiCap: Bottom-up approach to investing in stocks across the market capitalisation
Tata Services Industries: Investing in companies which comprise of the services sector.
PruICICI Infrastructure: Invests in scrips of companies from the infrastructure industries.
Optimix Income Multi Manager: Invests in income schemes of other mutual funds.
Standard Chartered Liquidity fund: Liquid scheme investing majorly in MIBOR linked instruments.
Mutual fund regulator Securities and Exchange Board of India has plugged the practice of charging 6% to open-ended new fund offers (*see below for explanation). Now, SEBI has scrapped this provision and the funds will have to meet the expenses from the entry load itself.

As a result, we have seen more close-ended funds being launched.

As long as this was prevalent, distributors (the mutual fund agents) were offered extremely high upfront commissions.

The party for distributors is now over. No new investors can enter a close-ended fund and the ones who have invested will be charged a heavy fee if they exit (sell units) soon. So distributors who encouraged their clients to sell their funds when they made a profit and buy into new schemes will no longer be able to rake in money from the churning of clients' portfolios.

Hopefully, now, NFOs will only be launched when there is a gap to be filled in the AMC's portfolio or when it wants to tap into a genuinely good new idea.

Investors should keep in mind the above mentioned points before blindly rushing to subscribe for an NFO's.

Sensex but do so vis-a-vis the stated benchmark

Source : rediff.com[/tscii:7133873ab2]

[sgokulprathap]

S Gr8. Many ppl think that buying a new fund during NFO wil b its best price to buy. Even I thought I like that wen I buy my first fund (an UTI fund). But later only I realised it may not b always true that buying during NFO wil b best. But any how I've sold it for profit. My mistake didn't cost me much financially. But it gav me gud experience.

[sgokulprathap]

BSE Indices @ 12.40 PM

Sensex after reaching day's high of 10588 now down 52 points to 10521.
BSE100 down 0.61%.
BSE500 down 0.76%.
BSEPSU down 0.39%.
BSEMIDCAP down 1.29%.
BSESMLCAP down 1.44%.
BSEBANKEX down 1.45%.

Nifty down 0.35% to 3105 points.

[sgokulprathap]

BSE Indices @ 1.48 PM

Sensex down 111 points (1.05%) to 10462.
BSE100 down 1.19%.
BSE500 down 1.29%.
BSEPSU down 0.91%.
BSEMIDCAP down 1.76%.
BSESMLCAP down 2.06%.
BSEBANKEX down 2.50%.

Nifty down 0.58% to 3098 points.

[nms]

How about buying satyam at current levels?

[sgokulprathap]

nms, hav u been investing in shares already? If so wat r all the shares u hav in ur portfolio already?

[great]

How about buying satyam at current levels?

If you are investing first time in the stock dont go for Technology stock as these stocks would be pretty costlier one share cost somewhere around 682.00 today instead you can go for banking or low priced technology stock.

[sgokulprathap]

Satyam is around 690Rs. now.
Most of the IT important It stocks r above 200Rs.
Of the stocks which r below 200Rs, HCL infosystems, Aptech, Mphasis hav some name in the industry.
Otherwise there r more other attractive sectors.

Pentasoft Technologies Limited shares r trading around Rs. 1.44 per share. :o :roll:

IT stocks today:
http://www.ndtvprofit.com/bb/sector_master.asp?sectorcode=INFOTECH

[sgokulprathap]

Sensex Gains. But Smallcap, Midcap and Bankex index falls.

BSE Indices at the end of the day:

Sensex---> 10666.32 (up 93.17 points or 0.88%).
BSE100---> 5494.57 (up 39.76 points or 0.73%).
BSE500---> 4218.87 (up 16.15 points or 0.38%).
BSEPSU---> 5407.57 (up 34.52 points or 0.64%).
BSEMIDCAP---> 5043.61 (down 38.75 points or 0.76%).
BSESMLCAP---> 6392.01 (down 63.71 points or 0.99%)
BSEBANKEX---> 4911.14 (down 61.59 points or 1.24%).

[sgokulprathap]

NSE Indices @ end of the day.

S&P CNX Nifty---> 3177.70 (up 1.99%).
CNX Nifty Junior---> 5684.40 (down 1.21%).
CNX IT---> 3953.00 (up 2.42%).
Bank Nifty---> 4271.95 (down 0.55%).
CNX 100---> 3075.95 (up 1.53%).
CNX Midcap---> 4345.00 (down 0.99%).
S&P CNX 500---> 2684.60 (up 0.83%).
S&P CNX Defty---> 2405.05 (up 1.92%).

[sgokulprathap]

World Markets (@12:00:00 hrs IST, May 25, 2006):

NYSE Composite--->8062.93 (down 0.40%).
NASDAQ Composite---> 2169.17 (up 0.48%).
DOW Jones I.A.---> 11137.32 (up 0.17%).
S&P 500---> 1258.57 (up 0.16%)
NIKKEI 225---> 15693.75 (down 1.34%).

[nms]

nms, hav u been investing in shares already? If so wat r all the shares u hav in ur portfolio already?
yes gp
i had invested b4..
i had exited ITC, Tata Steel, Bharti ,Suzlon,wipro n infosys after making some profits.
currently I am holding ESKAY KNIT N Tata Tele..both or losses for me as of now.

I had bought Satyam now at 280.

[sgokulprathap]

nms, hav u been investing in shares already? If so wat r all the shares u hav in ur portfolio already?
yes gp
i had invested b4..
i had exited ITC, Tata Steel, Bharti ,Suzlon,wipro n infosys after making some profits.
currently I am holding ESKAY KNIT N Tata Tele..both or losses for me as of now.

I had bought Satyam now at 280.

Oh. Gud. Actually I've not started investing in shares (Infact I dont even hav DEMAT account and PAN card). I dont hav much idea abt individual shares. I only concentrate on sector wise performance, since I'm investing only in MFs.

[sgokulprathap]

Markets Bullish. Sensex crosses 11000 mark.

BSE Indices @ 11.09 AM:

Sensex 11005.29 (368.07 points, 3.45%).
BSE100 5681.63 (3.40%).
BSE500 4363.64 (3.43%).
BSEPSU 5579.49 (3.18%).
BSEMIDCAP 5202.45 (3.15%)
BSESMLCAP 6618.33 (3.54%)
BSEBANKEX 5068.76 (3.21%)

[great]

/// I dont hav much idea abt individual shares

Mistake are painfull when it happend but years later collection of mistakes are called experience.

This suits best for stock market :)

[sgokulprathap]

Smallcap and Midcap indices goin well.

BSE INDICES @ 3.18 PM

SENSEX---> 10804.63 (138.31 points, 1.30%).
BSE100---> 5578.52 (1.53%).
BSE500---> 4297.68 (1.87%).
BSEPSU---> 5475.05 (1.25%).
BSEMIDCAP---> 5164.50 (2.40%).
BSESMLCAP---> 6555.49 (2.56%).
BSEBANKEX---> 4987.54 (1.56%).

[great]

The Sensex has moved back to higher levels and is now up 195 points at 10,861.

The Nifty is up 43 points at 3,221.

Tata Steel has zoomed 5.7% to Rs 543. Cipla and Bajaj Auto have rallied around 4.5% each to Rs 234 and Rs 2,906, respectively.

Infosys has advanced 3.6% to Rs 2,937. Larsen & Toubro has surged over 3% to Rs 2,368.

BHEL, Gujarat Ambuja and HDFC are the other major gainers.

The market breadth is fairly positive - out of 2,495 stocks traded so far, 1,765 have advanced, 672 have declined and 58 are unchanged.

[sgokulprathap]

Also there's not much fluctuation today.

SENSEX:
Day's High- 11050.77.
Day's Low- 10735.14.

[sgokulprathap]

Markets doing well globally.

World Markets (@ 12.00 Hrs IST, 26th May 2006)

NYSE COMPOSITE---> 8187.40 (1.54% ).
NASDAQ COMPOSITE---> 2198.24 (1.34%).
DOW JONES I.A.---> 11211.05 (0.84%).
S&P 500---> 1272.88 (1.14%).
NIKKEI 225---> 15970.76 (1.77%)

[sgokulprathap]

BSE Indices at end of the day:

SENSEX---> 10809.35 (143.03 points, 1.34%).
BSE100---> 5581.51 (1.58%).
BSE500---> 4299.87 (1.92%).
BSEPSU---> 5479.29 (1.33%).
BSEMIDCAP---> 5168.06 (2.47%).
BSESMLCAP---> 6558.05 (2.60%).
BSEBANKEX---> 4990.92 (1.62%).

[sgokulprathap]

NSE Indices @ end of the day:

S&P CNX NIFTY---> 3209.60 (1.00%).
CNX NIFTY JUNIOR---> 5880.25 (3.45%).
CNX IT---> 3977.20 (0.61%).
BANK NIFTY---> 4324.05 (1.22%).
CNX 100---> 3117.40 (1.35%).
BANK NIFTY---> 4324.05 (1.22%).
CNX MIDCAP---> 4453.60 (2.50%).
S&P CNX 500---> 2726.45 (1.56%).
S&P CNX DEFTY---> 2423.65 (0.77%).

[sgokulprathap]

BSE Indices @ 10.32 AM, MAY 29, 2006

SENSEX---> 10987.73 (178.38 points, 1.65%).
BSE100---> 5675.73 (1.69%).
BSE500---> 4372.89 (1.70%).
BSEPSU---> 5559.12 (1.46%).
BSEMIDCAP---> 5266.89 (1.91%).
BSESMLCAP---> 6703.13 (2.21%).
BSEBANKEX---> 5067.19 (1.53%).

[great]

SGP, apart from market updates we can also update the notes on different instruments it would be helpfull for others too.

[sgokulprathap]

BSE INDICES @ 1.01 pm:

SENSEX---> 10888.29 (78.94 points, 0.73%).
BSE100---> 5627.04 (0.82%).
BSE500---> 4334.04 (0.79%).
BSEPSU---> 5493.14 (0.25%).
BSEMIDCAP---> 5221.40 (1.03%).
BSESMLCAP---> 6645.39 (1.33%).
BSEBANKEX---> 5019.85 (0.58%).

[sgokulprathap]

S Gr8, But I dont hav much idea on that. So u first start. Later I'll join with U.

[great]

i have few write ups i will update that first :D

[sgokulprathap]

Markets at end of the day:

SENSEX---> 10,853.14 (43.79points, 0.41%).
BSE100---> 5,611.64 (0.54%).
BSE500---> 4,321.87 (0.51%).
BSEPSU---> 5,484.94 (0.10%).
BSEMIDCAP---> 5,212.00 (0.85%).
BSESMLCAP---> 6,616.75 (0.90%).
BSEBANKEX---> 5,024.41 (0.67%).

NIFTY---> 3214.90 (0.17%)

[sgokulprathap]

Gr8, wat happened to ur write-ups.

[sgokulprathap]

BSE Indices @ 1.42 PM:

SENSEX--> 10937.35 (84.21 points, 0.78%).
BSE100--> 5651.17 (0.70%).
BSE500--> 4355.34 (0.77%).
BSEPSU--> 5482.93 (0.04%).
BSEMIDCAP--> 5260.18 (0.92%).
BSESMLCAP--> 6696.53 (1.21%).
BSEBANKEX--> 5013.58 (0.22%).

[sgokulprathap]

Markets fall after initial rise. Only Smallcap index ends in green.

BSE INDICES @ END OF THE DAY.

SENSEX--> 10786.63 (66.51 points, 0.61%).
BSE100--> 5572.98 (0.69%).
BSE500--> 4297.50 (0.56%).
BSEPSU--> 5438.80 (0.84%).
BSEMIDCAP--> 5194.62 (0.33%).
BSESMLCAP--> 6633.59 (0.25%).
BSEBANKEX--> 4968.74 (1.11%).

NIFTY--> 3185.30 (0.92%).

[sgokulprathap]

Another RED day? Markets fall in initial selling.

BSE Indices @ 10.37 AM.

SENSEX-> 10372.54 (414.09 points, 3.84%).
BSE100-> 5356.05 (3.89%).
BSE500-> 4133.12 (3.83%).
BSEPSU-> 5241.70 (3.62%).
BSEMIDCAP-> 5015.84 (3.44%).
BSESMLCAP-> 6368.89 (3.99%).
BSEBANKEX-> 4785.31 (3.69%).

NIFTY-> 3060.45 (3.92%).

[sgokulprathap]

Sensex now down 533.47 points (4.9457%) to 10253.16.

Day's high: 10679.49.
Day's low: 10185.60.

[sgokulprathap]

[tscii:d83fe9b5c4]Sensex slips over 400 points
--------------------------------------------------------------------------------

The markets opened weak on Wednesday with the benchmark index slipped over 400 points to 10,336 levels.

In the broader markets, the Nifty slipped 4.2 per cent or 135 points to 3049 levels. The fall is in line with weak global markets.

"This is a knee-jerk reaction to the weak global markets. The Sensex should trade between 10,500-11,500 levels in June," said Amitabh Chakraborty, Head – PCG, BRICS Securities.

Leading the pack of losers at the Sensex is Dr Reddys Laboratories. The counter shed five per cent or Rs 69. Maruti Udyog, HLL, Hindalco, Bajaj Auto, Hero Honda, Gujarat Ambuja Cements and Cipla are the other key losers.

The market breadth is extremely negative with all the BSE 30 and NSE 50 scrips trading in the red.

Metals worst hit

All the sectoral indices are trading weak. The BSE metal index slipped 4.4 per cent or 398 points in early deals.

Hindustan Zinc (down 5.9 per cent), Jindal Stainless (down 5.4 per cent), Hindalco (down 5.2 per cent), NALCO (down 4.7 per cent), JSW Steel (down 4.6 per cent) and SAIL (down 4.4 per cent) are the key losers.

Heavy profit booking is also FMCG counters. Dabur India, HLL, Nestle India, ITC Limited, Tata Tea, Colgate-Palmolive and Shaw Wallace are trading weak.

Britannia Industries at Rs 1460 levels is the only stock that managed to stay afloat. It firmed up 0.6 per cent in early deals.

Autos in reverse gear

TVS Motor is the biggest loser in the auto pack. It slipped 5.8 per cent in opening moves.

Hero Honda, Escorts, Maruti Udyog, Cummins India, Ashok Leyland and Bharat Forge also slipped over four per cent each.

JK Cements, Ultratech Cemco, India Cements, Prism Cement, Saurashtra Cement, Shree Cement and ACC are the key losers among cement stocks.[/tscii:d83fe9b5c4]

[sgokulprathap]

@ 11.51 AM.

The Sensex continues to slide due to lack of buying support in the market. The index is now down 497 points at 10,289.

ITC and HLL have shed 6% each to Rs 166 and Rs 227, respectively.

Out of 2,020 stocks traded so far, 1,775 have declined, 213 have advanced and 32 are unchanged.

[sgokulprathap]

FIIs, MFs break records in May

May 25, 2006 17:50 IST

May 2006 has not only been an exceptional month due to the huge volatility that we have seen in markets, but also due to foreign institutional investors and mutual fund action, reports CNBC-TV18.

If one looks at the FII activity in May 2006, they sold Rs 5,100 crore (Rs 51 billion) of equity till May 24, which is record selling of equities by FIIs in any single month. MFs, on the other hand, bought Rs 5,366 crore (Rs 43.66 billion) of equity till May 23, which again was a record investment by MFs in any single month.

A look at the FIIs' portfolio will show that sector-wise, they are underweight on energy and software. Stock-wise, UTI Bank and Tata Steel have replaced Bharat Forge and ACC.

The top five stocks sold by FIIs in the month of May were Reliance Industries, which was sold for $515 million, Infosys for $210 million, Maruti Udyog for $66 million, Jet Airways for $64 million and Tata Consultancy Services for $61 million.

Sectors that MFs are overweight on are software, consumer staples, pharma and metals. The top five stocks bought by the MFs during the month of May are Infosys, which was bought for $165.9 million, ITC for $87.9 million, Punjab National Bank for $69.6 million, Hindalco for $68.8 million and L&T for $60.5 million.

In midcaps, Goldman Sachs sold Karnataka Bank, Eveready Industries, BSEL Infrastructure and Essar Shipping. While Pru ICICI MF bought Graphite India, India Nippon and Megasoft.

[sgokulprathap]

@ 2.08PM

SENSEX-> 10265.09 (down 521.54 points, 4.84%)

[sgokulprathap]

Another Bearish day for Indian Market:

Markets @ End of the day (MAY 31, 2006):

SENSEX-> 10398.61 (388.02 points, 3.60%).
BSE100-> 5385.21 (3.37%).
BSE500-> 4157.93 (3.25%).
BSEPSU-> 5236.42 (3.72%).
BSEMIDCAP-> 5052.44 (2.74%).
BSESMLCAP-> 6364.29 (4.06%).
BSEBANKEX-> 4769.87 (4.00%).

NIFTY-> 3071.05 (3.59%).

[sgokulprathap]

India's GDP beats expectation; grows by 9.3%

May 31, 2006

India's GDP for the January-March quarter, grew by 9.3 per cent, beating market expectations, compared to 8.6 per cent in the year-ago period, mainly on the back of a healthy 5.5 per cent growth in the agriculture sector.

The economy grew by a robust 8.4 per cent in 2005-06, compared to 7.5 per cent in 2004-05, according to official data.

The farm sector had registered a dismal 1.5 per cent growth in the year-ago quarter. Besides growth in agriculture sector, electricity, gas and water supply improved by 6.1 per cent, compared to 1.4 per cent a year ago.

GDP in the first quarter of FY06 grew by 8.5 per cent, in the second quarter by 8.4 per cent and third quarter by 7.5 per cent, according to the revised estimates released by the government.

It had earlier estimated that the economy had grown by an aggregate 7.9 per cent after the first three quarters of 2005-06. But the figure has since been revised upwards.

[sgokulprathap]

Crash continues (June 1, 2006):

SENSEX-> 10,071.42 (327.19 points, -3.15%).
BSE100-> 5,210.33 (174.88 points, -3.25%).
BSE500-> 4,025.29 (132.64 points, -3.19%).
BSEPSU-> 5,087.14 (149.28 points, -2.85%).
BSEMIDCAP-> 4,911.18 (141.26 points, -2.80%).
BSESMLCAP-> 6,142.37 (221.92 points, -3.49%).
BSEBANKEX-> 4,729.81 (40.06 points, -0.84%).

NIFTY-> 2962.25 (3.54%).

[sgokulprathap]

HLL down 3.62%.
Infosys down 2.75%.
Reliance down 3.61%.

BHEL (up 0.04%) and ICICI Bank (up 0.22%) r the only stocks to end in green in BSE30 index (Sensex).

SENSEX:
Day's High: 10597.23.
Day's Low: 10017.82.

[sgokulprathap]

Sensex just managed to close above 10000 mark. But Nifty closes below 3000 mark. After 17th Feb, 2006, Nifty was never below 3000 mark.

[great]

I would update few notes on MF by this weekend. I have AMFI materials it would be useful for others also :D

[nms]

The charts show weaker markets ...Sensex may touch 8500 - 9000 levels in the very near term.in a month or two.

[great]

The charts show weaker markets ...Sensex may touch 8500 - 9000 levels in the very near term.in a month or two.

Nope it wont reach that level !!!

[Unicorn]

Is there any age limit 4 playin wit the market?
can I start now :?
Balaji sir...Konjam guidance kudunga plz..

[nms]

The charts show weaker markets ...Sensex may touch 8500 - 9000 levels in the very near term.in a month or two.

Nope it wont reach that level !!!

14000 to 10000 in a week's time..

350 pts down after 9.6 % GDP growth..in last quarter..Y is it so??

[great]

Is there any age limit 4 playin wit the market?
can I start now :?
Balaji sir...Konjam guidance kudunga plz..

are u planning for investment. if u are planning to start ur investment start with small amount may be 5000 and play/invest in small companies. since u are new go for mutual fund it would be the best option considering the return and safety of ur amout invested.

[sgokulprathap]

The charts show weaker markets ...Sensex may touch 8500 - 9000 levels in the very near term.in a month or two.

Nope it wont reach that level !!!

I hope so. But some of the Foreign stock researchers said in CNBC yesterday that fair value of Sensex shud be around 8500 level.

[sgokulprathap]

Is there any age limit 4 playin wit the market?
can I start now :?
Balaji sir...Konjam guidance kudunga plz..

To invest in shares, u may need PAN card, DEMAT acccount and all.
But no such things r needed for investing in mutual funds.
So its best 4 u to play in mutualfunds.

[sgokulprathap]

SENSEX, NIFTY gains.
BSE Midcap & Small cap index lose.

SENSEX-> 10,451.33 (379.91 points, 3.77%).
BSE100-> 5,383.53 (173.20 points, 3.32%).
BSE500-> 4,119.56 (94.27 points, 2.34%).
BSEPSU-> 5,216.38 (129.24 points, 2.54%).
BSEMIDCAP-> 4,873.40 (37.78 points, 0.77%).
BSESMLCAP-> 5,986.36 (156.01 points, 2.54%).
BSEBANKEX-> 4,842.56 (112.75 points, 2.38%).

NIFTY-> 3091.35 (4.36%).

[sgokulprathap]

June 05, 2006 13:57 IST

The Sensex is now down 40 points at 10,411.

The Nifty is down 16 points at 3,075.

Sensex @ 13.00 hrs

The Sensex is close to the day's high, up 69 points at 10,520.

The Nifty is up 20 points at 3,111.

Larsen & Tourbo has surged 4.6% to Rs 2,292. NTPC and Tata Motors have rallied nearly 3% each to Rs 113 and Rs 811, respectively.

HDFC has advanced 2.6% to Rs 1,207. Maruti and Hero Honda are up over 2% each at Rs 785 and Rs 779, respectively.

HDFC Bank has declined 2% to Rs 750. ACC and Satyam are down 1.7% each to Rs 773 and Rs 658, respectively.

The market breadth has improved significantly, and is now marginally negative - out of 2,280 stocks traded so far, 1,157 have declined, 1,076 have advanced and the rest are unchanged.

Sensex @ 12.45 hrs

The Sensex has gained 51 points to 10,503.

The Nifty is up 15 points at 3,106.

Sensex @ 12.14 hrs

The Sensex continues to swing in and out of the positive zone and is now up 23 points at 10,474.

Larsen & Tourbo has surged nearly 4% to Rs 2,276 on hopes of liberal bonus issue. The company's board is scheduled to meet on June 07 to consider the bonus proposal.

HDFC has rallied over 3% to Rs 1,215. Hero Honda and NTPC are the other prominent gainers.

ACC has shed 2.6% to Rs 766. Hindalco and Satyam have slipped over 2% each to Rs 176 and Rs 655, respectively.

Out of 2,192 stocks traded so far, 1,240 have declined, 889 have advanced and 54 are unchanged.


Sensex @ 11.53 hrs

The Sensex has slipped back into the negative zone and is now down 30 points at 10,421.

Larsen & Tourbo has rallied 3.5% to Rs 2,270. Hero Honda and HDFC have rallied nearly 2% each to Rs 777 and Rs 1,196, respectively.

ACC has shed 2.7% to Rs 765. Satyam, Hindalco and Dr.Reddy's have slipped around 2% each at Rs 655, Rs 176 and Rs 1,315, respectively.

Out of 2,137 stocks traded so far, 1,262 have declined, 823 have advanced and 52 are unchanged.


Sensex @ 11.40 hrs:

The Sensex has rebounded into the positive zone and is now up five points at 10,456.

Larsen & Tourbo has rallied 3% to Rs 2,257. Hero Honda has gained 2.3% at Rs 780.

NTPC is up 1.6% at Rs 112, and Reliance Energy has added 1.2% to Rs 463.

Sensex @ 11.00 hrs:

The Sensex touched a low of 10,375 - down 177 points from the day's high of 10,552. The index is now down 47 points at 10,404.

ACC has shed 2.7% to Rs 765. Bajaj Auto has slipped 2% to Rs 2,665.

HDFC Bank and Dr.Reddy's have dropped 1.7% each to Rs 752 and Rs 1,318, respectively.

Grasim, Hindalco and Bharti Airtel are down 1.4% each at Rs 1,775, Rs 177 and Rs 361, respectively.

Hero Honda has rallied 2.4% to Rs 781. Larsen & Toubro has surged over 2% to Rs 2,239.

NTPC has advanced 1.4% to Rs 112, and HDFC has added 1% to Rs 1,188.

The market breadth is extremely negative - out of 1,980 stocks traded so far, 1,217 have declined, 716 have advanced and 47 are unchanged.


Sensex @ 10.15 hrs:

Lack of follow-up buying in the market led the Sensex slip into the negative zone. The index is now down 25 points at 10,426.

ACC has shed 3% to Rs 763. Dr.Reddy's has slipped 2.8% to Rs 1,303.

Bajaj Auto and Bharti Airtel are down 2% each at Rs 2,661 and Rs 359, respectively.

Hindalco, Grasim and HDFC Bank are the other prominent losers among the Sensex stocks.

Hero Honda has rallied 2.6% to Rs 782. HDFC, Larsen & Toubro, NTPC and Reliance Energy have gained over 1% each.

Sensex @ 10.00 hrs:

The Sensex with a positive gap of 93 points at 10,544.

[sgokulprathap]

Monday, June 05, 2006 - Markets Bearish

SENSEX-> 10,213.48 (237.85 points, 2.28%).
BSE100-> 5,268.62 (114.91 points, 2.13%).
BSE500-> 4,035.53 (84.03 points, 2.04%).
BSEPSU-> 5,116.38 (100.00 points, 1.92%).
BSEMIDCAP-> 4,790.33 (83.07 points, 1.70%).
BSESMLCAP-> 5,873.41 (112.95 points, 1.89%).
BSEBANKEX-> 4,731.93 (110.63 points, 2.28%).

NIFTY-> 3016.65 (2.42%).

[sgokulprathap]

Mutualfunds that earn more than stocks
http://in.rediff.com/money/2006/jun/05perfin.htm

[sgokulprathap]

The Sensex ended with a loss of 238 points at 10,213.

The Nifty lost 75 points to close at 3,017.

The index had opened with a positive gap of 86 points at 10,537, touched a high of 10,552, and then tumbled to a low of 10,186 - a swing of 238 points.

ACC dropped 5.5% to Rs 743, and Hindalco shed 5% to Rs 171.

Larsen & Toubro surged 3.3% to Rs 2,263, and HDFC added 2% to Rs 1,199.

[sgokulprathap]

Sensex down 258 points at 9955

June 06, 2006 10:41 IST


The Sensex opened with a negative gap of 125 points at 10,088, and soon tumbled to a low of 9885 - down 328 points from its previous close.

The index is now down 258 points to 9955.

All Sensex stocks are in negative zone. ONGC has plunged over 6% to Rs 1,034.


Sensex @ 0958 hrs:

The Sensex opened significnatly lower at the opening bell.

The index dropped 310 points to 9904. Now it is down 228 points at 9985. The NSE Nifty is down 72 points at 2944.

[sgokulprathap]

Sensex sinks by 256 points to 9,957

June 06, 2006 16:27 IST


The Sensex opened with a negative gap of 125 points at 10,088, and then soon tumbled to a low of 9885 - down 328 points from its previous close.

The index tried hard to recover, but could only manage to touch a high of 10,193. A fresh round of heavy selling towards the close saw the index tumble back to lower levels and finish with a loss of 2.5% (256 points) at 9,957.

The Nifty lost 79 points to close at 2,937.

[sgokulprathap]

End of day: June 6, 2006.
SENSEX closes below 10000 mark.
NIFTY closes below 3000 mark.
All Indices crash. Only Bankex index faired better.

SENSEX-> 9,957.32 (256.16 points, 2.51%).
BSE100-> 5,133.27 (135.35 points, 2.57%).
BSE500-> 3,921.54 (113.99 points, 2.82%).
BSEPSU-> 4,964.49 (151.89 points, 2.97%).
BSEMIDCAP-> 4,607.32 (183.01 points, 3.82%).
BSESMLCAP-> 5,645.57 (227.84 points, 3.88%).
BSEBANKEX-> 4,731.86 (0.07 points, 0.00%).

NIFTY-> 2937.30 (2.63%).

[sgokulprathap]

Sensex down 251 points at 9,706

June 07, 2006 14:17 IST


The Sensex is now down 251 points at 9,706.

The Nifty is down 86 points at 2,851.

Ranbaxy has slumped 9.6% to Rs 351. Larsen & Toubro has shed 6.5% to Rs 1,990.

NTPC has tumbled over 5% to Rs 101. Reliance Energy and SBI have dropped over 4.5% each to Rs 405 and Rs 803, respectively.

Tata Steel has shed 3.7% to Rs 462. ONGC is down 3.5% at Rs 1,004.

Out of 2,359 stocks traded so far, 2,173 have declined, 157 have advanced and 29 are unchanged.

[sgokulprathap]

Sensex down 433 points at 9323
June 08, 2006 11:56 IST


There seems to be no end to the fall in the markets as they have slipped further in the negative territory. At 11:15, the BSE Sensex was down 433 points at 9323 and the Nifty was down 131 points at 2729.

In the global markets, Dow closed in red, Asian markets are trading with a loss of over 2% and in the emerging markets this morning Russia was down nearly 3%, Brazil was down 3.5%, Mexico was down 2%.

All the BSE indices are in red down over 4.5% each.
CNX Midcap is down over 11%, it is the worst fall since May 17, 2004.
All the Nifty, Sensex stocks are in the negative terrain.
The major losers are HLL down over 9%; Grasim down 8.38%, Reliance Energy down 7.86, Cipla down over 6%.
About 55 shares have advanced, 1841 shares declined, and 12 shares are unchanged.
The NSE advance-decline ratio was at 1:142

[sgokulprathap]

So Sensex may end this week below 9000 mark. :(
Gud time for new investors to enter market. :D

[nms]

Gokul...we r expecting 8500 - 8800 ..
and Gold may touch 540 Dollars /ounce.

[sgokulprathap]

S. nms, sensex fair value shud b 8500 only by now.

[sgokulprathap]

Market crash continues:

JUNE 8, 2006

SENSEX-> 9295.81 (460.95 points, 4.72%).
BSE100-> 4721.64 (259.95 points, 5.22%).
BSE500-> 3550.00 (226.52 points, 6.00%).
BSEPSU-> 4457.89 (227.73 points, 4.86%).
BSEMIDCAP-> 3964.82 (354.42 points, 8.21%).
BSESMLCAP-> 4833.26 (422.91 points, 8.05%).
BSEBANKEX-> 4305.20 (304.57 points, 6.61%).

NIFTY-> 2724.35 (4.76%).

[sgokulprathap]

Markets end green:

JUNE 9, 2006

SENSEX-> 9810.46 (514.65 points, 5.54%).
BSE100-> 4997.48 (275.84 points, 5.84%).
BSE500-> 3763.05 (213.05 points, 6.00%).
BSEPSU-> 4704.92 (247.03 points, 5.54%).
BSEMIDCAP-> 4190.25 (225.43 points, 5.69%).
BSESMLCAP-> 5054.29 (221.03 points, 4.57%).
BSEBANKEX-> 4422.96 (117.76 points, 2.74%).

NIFTY-> 2866.30 (5.21%).

[sgokulprathap]

June 12, 2006

SENSEX-> 9476.15 (334.31 points, 3.41%).
BSE100-> 4837.09 (160.39 points, 3.21%).
BSE500-> 3653.33 (109.72 points, 2.92%).
BSEPSU-> 4566.09 (138.83 points, 2.95%).
BSEMIDCAP-> 4103.97 (86.28 points, 2.06%).
BSESMLCAP-> 4969.29 (85.00 points, 1.68%).
BSEBANKEX-> 4249.30 (173.66 points, 3.93%).

NIFTY-> 2776.85 (3.12%).

[great]

whats happening 3.24% drop :( :( :(

[Nakeeran]

whats happening 3.24% drop :( :( :(

Adhan neenga symbolica solreengale unga avatar moolama :lol:

thalaila thundu dhaan :lol:

Share market oru soothaatam samee :D

[great]

seriganna neenga vaasichathu pothum

Naan avtaar-a sonean 8-)

oh i never know SM is a gamble. I thought its like Bank FD :D

[Nakeeran]

seriganna neenga vaasichathu pothum

Naan avtaar-a sonean 8-)

oh i never know SM is a gamble. I thought its like Bank FD :D

Ohonnnaa ! Periyavaru MSV thannudaya isaya dhan ilayavarukku koduthutaru anne . Adha thaan naan symbolica ennudaya avatar moolama solren :wink:

Back to topic . Why its downward again ? any reason Great & Gokul ??

[sgokulprathap]

Periya reason yellam onnum illa. Just correction avvalavuthan. :wink:

Companies first quarter result wil come around July first week. It wil hav impact on market. Till then these fluctuations wil happen. :roll:

Neway I'm happy about yesterday's fall, since my SIP investment of 2000Rs comes yesterday. At present my portfolio is in negative zone (around 11% loss). But I wish this downfall to continue to gain more in long term. :D

[sgokulprathap]

:roll: Sensex is now down 410 points to 9066. It may well go below 9000 mark today. :D

[great]

:roll: Sensex is now down 410 points to 9066. It may well go below 9000 mark today. :D

why are u feeling happy for that :? .... But the correction is expected further to the tune of 30% :( :( :(

[sgokulprathap]

I'm happy bcoz my investments r SIP investments. So I'll get more units if this fall continues. I'm not goin to sell any of my units in next one and a half or 2 years. Thats y i expect falling market. :lol:

[great]

[tscii:e242f72ac2]US markets continued to move lower ahead of two key inflation data. While the Dow closed 0.91% lower at 10,793, the Nasdaq lost 2.05% to close at 2091. European markets too ended in the red. While the FTSE 100 closed 0.61% lower at 5621, the German DAX closed 1.25% lower at 5396. Latin American markets crash yesterday. While the Mexican markets lost 4.30%, the Bovespa lost 4.33%. Asian markets are trading sharply lower. While the Hang Seng is 1.53% down at 15,383, the Nikkei 225 is 2.16% down at 14,512. Crude prices fell $1.27 to $70.36 a barrel. All Indian ADR were down on Monday with HDFC Bank, ICICI Bank, Infosys, Tata Motors, VSNL and Wipro falling more than 3%.

Friday’s sharp upmove did not seem to have any effect on the Indian markets yesterday as the main indices in India once again witnessed selling pressure and closed sharply in the red. The BSE Sensex closed at 9,476.15 down 334 points or 3.4%. The NSE Nifty closed at 2777 down 89 points or 3.12%. The BSE Small Cap Index closed at 4,969.29, down 1.68% while the BSE Midcap Index ended at 4,103.97, down 2.06%. Market breadth was unimpressive as declining issues outnumbered advancing issues by a ratio of 2.1:1 on the BSE. NSE cash turnover was at Rs.5550crs. Vs. Rs.7094crs. yesterday.

All the sectoral Indices end in the red. Metal stocks like Sesa Goa, Sterlite Ind, Tata Steel, SAIL and JindalStainless closed lower as the BSE Metal Index closed at 7,130.05, down 4.84%. The BSE Bankex finished lower by 3.93% at 4,249.30 as selling was seen in Bank of India, Canara Bank, Andhra Bank, ICICI Bank and Union Bank. The BSE FMCG Index closed at 1,687.92, down 3.85% while the BSE Capital Goods Index ended down 3.56% at 6,317.32. The BSE Auto Index closed at 4,344.68, down 2.89% while the BSE Oil & Gas Index ended at 4,581.18, down 2.13%. The BSE IT, BSE Consumer Durables and BSE Healthcare Index also lost 1.56%, 1.2% and 1.04%.

The indices have once again resumed their downward journey though FIIs were net buyers of Rs.509 cr in the cash markets on Friday and net buyers of Rs.248 cr in the F&O markets. Mutual Funds were net sellers of Rs.303 cr. As per the provisional figures, FIIs were net buyers of Rs.85 cr on Monday in the cash markets and net sellers of Rs.52 cr in the F&O markets. We reiterate our strategy of going slow on long positions until we have evidence of a new uptrend. We believe the market is likely to bottom out in the next 1-2 weeks. The charts indicate that the worst case scenario for the markets are the 8800-9000/2650-2700 levels. Of course, our stance changes if these levels are broken. Traders need to remember that it is not necessary to pick a bottom to make money. It is much safer to enter after an uptrend has been established.
[/tscii:e242f72ac2]

[sgokulprathap]

Nethu matha mkts greenla irundhuchu. Innaikku yellame karadi kitta maatikichu.

[sgokulprathap]

Sensex now below 9000 mark. :D

[sgokulprathap]

BEARS DOMINATE THE MARKET

June 13, 2006

SENSEX-> 9062.65 (413.50 points, 4.36)%.
BSE100-> 4608.31 (228.78 points, 4.73)%.
BSE500-> 3468.68 (184.65 points, 5.05)%.
BSEPSU-> 4405.30 (160.79 points, 3.52)%.
BSEMIDCAP-> 3844.91 (259.06 points, 6.31)%.
BSESMLCAP-> 4668.10 (301.19 points, 6.06)%.
BSEBANKEX-> 4079.83 (169.47 points, 3.99)%.

NIFTY-> 2663.30 (4.09%).

[sgokulprathap]

June 13, 2006

SENSEX:

Day's High: 9360.06
Day's low: 8993.58

[sgokulprathap]

A dubious world record for the Sensex

Over the last two weeks, India has become the top loser among major stock market groupings in the world. The domestic market was one of the top ten losers just two weeks ago.

Sustained selling has seen the Sensex and Nifty fall more than any other major non-sectoral index in the world during the global correction that set in by around May 10.

According to data with the Business Standard Research Bureau, since May 23, when the stock markets around the world got a temporary reprieve, the Sensex and Nifty have overtaken the national stock barometers of Egypt, Russia, Turkey, Argentina, Brazil and Austria to top the losers' list in percentage terms since May 10.

As of Tuesday, domestic markets are the biggest losers not only in Asia, but among emerging markets in general and of course, the developed markets.

Domestic markets have overtaken even Russian market, which had seen nearly double the run-up during the year-long bull run.

While Russia's Moscow Times, which had surged nearly 170 per cent in a year as against the Sensex's 96 per cent, has fallen only by around 22.6 per cent since May 10, the Sensex has lost nearly a quarter of its value.

"Reasons for Indian sell-off have more to do with liquidity concerns than apprehensions of the negative impact that an economic slow down may have on our exports," said Abheek Barua, chief economist for India with ABN Amro Bank NV.

While fresh hawkish voices on US interest rates overnight led to one of the biggest selloffs in export-dependent economies of South Korea and Japan on Tuesday, Indian indices to witnessed a sharp four per cent decline on Tuesday.

"Even though the correction has been very steep, I don't think we are through with it yet," Barua said. "The global markets had factored in a pause from the US interest rate hikes in June. Till that question is settled, volatility will continue in India," he said.

He said unfavourable balance of trade, which has caused the value of the rupee to be dependent on foreign investment flows, and the prospect of rising interest rates in Europe, Japan and the US constraining the availability of funds for overseas investment are likely to be major drivers for continued negative sentiments on India.

[sgokulprathap]

JUNE 14, 2006

BEAR RUN CONTINUES.


SENSEX-> 8929.44 (133.21 points, 1.47%).
BSE100-> 4535.00 points, 73.31 -1.59%).
BSE500-> 3404.14 (64.54 points, 1.86%).
BSEPSU-> 4381.49 (23.81 points, 0.54%).
BSEMIDCAP-> 3721.20 (123.71 points, 3.22%).
BSESMLCAP-> 4502.63 (165.47 points, 3.54%).
BSEBANKEX-> 4017.18 (62.65 points, 1.54%).

NIFTY-> 2632.80 (1.15%).

[sgokulprathap]

June 14, 2006

SENSEX:

Day's High: 9387.06
Day's low: 8799.01

[sgokulprathap]

Mutual funds: What's hot, what's not

Mutual funds predominantly bought auto, FMCG, media, and telecom stocks in May. Metal, and power stocks weighed heavy on their sell list, while stocks were re-aligned in the banking, chemical, cement, oil and gas pack. They bought huge chunks of FMCG heavyweight ITC, while diluted exposure to IDFC.
MFs also participated in the IPO party with Reliance Petroleum, Kamdhenu Ispat, and Plethico Pharmaceuticals being the most bought ones. In terms of value, Reliance Industries, SBI, and ITC were the top purchases by MFs, while L&T, Century Textiles, and Ranbaxy topped the sell list.

A study of the top ten mutual funds' equity portfolios, accounting for 74 per cent of the total assets managed by the fund industry as on May 31, which are UTI, Prudential ICICI, HDFC, Templeton, Reliance, SBI, Birla SunLife, Kotak, DSP ML, and HSBC reveals that nine out of the ten MFs added to their investments in the FMCG heavyweight ITC. Pru ICICI MF was the top buyer of the stock with almost 25 lakh shares bought. However, Birla MF pared exposure to the stock. Among other FMCG stocks, Eveready Industries, and Hindustan Lever were among the top 100 buys, while Emami, Dabur, and P&G were among the top sells.

IDFC, the top sell, was sold extensively by Templeton MF with over 81 lakh shares sold. SBI MF also off-loaded the stock, while Reliance and Birla MF made fresh investments in it. Among other banking stocks, BoB, Andhra Bank, SBI, IDBI, and Allahabad Bank topped the buy list, while IFCI, Centurion Bank of Punjab, Syndicate Bank, Vijaya Bank, and BoI were among the top sells.

Among the IPOs that listed in May, mutual funds bought over 43 lakh shares of Reliance Petroleum, with SBI MF being the top buyer as it bought over 31 lakh shares. HDFC, Pru ICICI, and UTI MF also invested in the Reliance Petroleum IPO. Kotak, and Pru ICICI MF invested heavily in Kamdhenu Ispat with a total of over 22 lakh shares bought. Pru ICICI, HSBC, and UTI MF invested in Plethico Pharmaceuticals IPO with over 10 lakh shares bought.

Oil and gas major Reliance Industries, the top bought stock in terms of value, was bought by seven out of 10 mutual funds. UTI MF was the top buyer with over 27 lakh shares bought. Other oil and gas stocks HPCL, and Chennai Petroleum also attracted MFs, while BPCL, and ONGC were among the top sells.

Auto stocks Ashok Leyland, M&M, Hero Honda, TVS Motor, and Tata Motors were among the top buys, while Munjal Auto, Sona Koyo, and Gabriel India were sold. Media stocks Zee, INOX Leisure, PVR, Shringar Cinemas, and Deccan Chronicle were bought, while Jagran Prakashan, and Pritish Nandy were among the top sells. In the telecom pack, MTNL, Bharti Airtel, and ITI were among the top buys, and Reliance Communication Ventures was sold.

Selling was seen in metal stocks Sail, Hindalco, Godawari Power & Steel, Visa Steel, and Hindustan Zinc, while Tata Steel, Sterlite Industries, Usha Martin were among top buys. Power pivotals NTPC, Reliance Energy Ventures, Tata Power, and Reliance Energy were also sold, while Reliance Natural Resources, and Neyveli were bought.

Among the IT pivotals, Satyam, Infosys, TCS, and Wipro were bought, but heavy selling was seen in HCL Technologies. Among chemical stocks, GSFC, Aarti Industries, and Rain Calcining topped the buy list, while Gulf Oil, Tata Chemicals, and Chambal Fertilisers were among the top sells.

http://in.rediff.com/money/2006/jun/14perfin1.htm

[sgokulprathap]

SENSEX ENDS BELOW 9000 MARK FOR THE FIRST TIME SINCE 8th DECEMBER 2005.

SENSEX HAS LOST MORE THAN 1000 PTS IN 3 DAYS

NIFTY SLIPS BELOW 2600 MARK

NIFTY DOWN OVER 9% IN LAST 3 DAYS

[Nakeeran]

Gokul & Great

You both said that its a market correction .

Whats happening now ? Is the great fall still a market correction or market corruption ??

[sgokulprathap]

Well Nakeeran, wait till July. Companies first quarter results wil come out. It MAY put a break to this bear run. But again its my perception only.
During this bear run, many gud news came abt our economy. Our GDP growth and all r very gud. To put it in our Finance Minister's words, OUR FUNDAMENTALS R STRONG.

Wat makes me wonder is during bear runs, MFs wil usually b net buyers. But yesterday MFs were also net sellers.

[sgokulprathap]

It is got to do something with investor sentiment also. Many of the retail investors who bought shares in last year r panic abt this crash. So they want to book profit (or book minimal loss) b4 the market crashes further. This approach may b gud if they owned some valueless shares. But investors who invested in gud stocks need not worry abt this fall.

[sgokulprathap]

MARKETS SEE SOME GREEN

JUNE 15, 2006

SENSEX-> 9545.06 (615.62 points, 6.89%).
BSE100-> 4845.74 (310.74 points, 6.85%).
BSE500-> 3624.81 (220.67 points, 6.48%).
BSEPSU-> 4643.43 (261.94 points, 5.98%).
BSEMIDCAP-> 3924.57 (203.37 points, 5.47%).
BSESMLCAP-> 4678.57 (175.94 points, 3.91%).
BSEBANKEX-> 4253.04 (235.86 points, 5.87%).

NIFTY-> 2798.80 (6.31%).

[sgokulprathap]

[tscii:7f49a3a158]15 June, 2006

9500-10,000 is probably fair value for mkt now: Malkani

Member of NSE, Jagdish Malkani believes today's bounce back or rally, will be slightly longer and will bring back some confidence in the markets. "I think 9500 - 9800 or even 10,000 probably is a fair value for this market right now," he says.

Malkani also believes if the rally comes, the top 20 -30 midcap stocks would be sold off. "The midcaps are really battered and bruised and I think they are going to take a while to come back," he says.

Malkani discusses various sectors and gives his picks from the long-term and short term perspective.

Excerpts from CNBC - TV18’s exclusive interview with Jagdish Malkani:

http://markets.moneycontrol.com/india/news/marketoutlook/airdeccan/950010000isprobablyfairvalueformktnowmalkani/market/stocks/article/220528[/tscii:7f49a3a158]

[sgokulprathap]

June 16, 2006: 10.04 AM

SENSEX zoomed 330 points to 9875 at initial trade.

http://www.bseindia.com/

[sgokulprathap]

June 16, 2006: 10.07 AM

NIFTY zooms 98 points (3.50%) to 2897.

[sgokulprathap]

Sensex crossed 10000 mark @ 11.49 AM.

[ArulprakasH]

GP which shares are going fine now :huh:

[Nakeeran]

Yov Gokul pratap

Ippa ennayyaa solla poreenga :cry:

Erudhu oru naal. irangudhu maru naal

Ketta July vara veitu pannu nu solreenga.

PL EXPLAIN WITH CLEAR REASONS.

I DONT TO HEAR WHAT MALKHANI SAID

[nms]

Nakeerarae...
If U r planning to Invest in Indian stocks..this may be the right time.Almost all stocks have shed by about 30%.You should keep your investments for the longterm.Atleast 1 year.Konjam risk kammiyaa irukkanumnaa...invest in large caps..with good results.Those stocks will raise as fast as they fall..But u cant expect the same from Midcaps or small caps.

[sgokulprathap]

Well Nakeeran, this is all to do with investor sentiments. Many investors know the crash is mostly bcoz of global scenario. So if the other global mkts fall, they fear Indian mkt wil also crash and start to sell off their portfolio. And if global mkts rise, they take it positive and starts investing in Indian mkts also. Thats wat happened in last two days. :wink:

Nakeeran the stock market is not a Maths or any puzzle. No one can say when the mkt can rise / fall. If one can predict rise / fall of stock market then he can easily become India's richest person. Thats not always possible.

Also I saw that Malkani interview in CNBC. Just after his interview CNBC said most of them r saying this up trend wil continue. But still v keep our hands crossed. There's every chance that another bear run is possible.

[sgokulprathap]

GP which shares are going fine now :huh:

R u planning to invest?

[sgokulprathap]

If any1 plan to invest in shares now, go for largecap shares. They wil hold gud in long run. For midcaps, mutualfunds r best rather than investing directly in stocks.

[sgokulprathap]

Markets continue its gud run.

JUNE 16, 2006.

SENSEX-> 9884.51 (339.45 points, 3.56%).
BSE100-> 5020.61 (174.87 points, 3.61%).
BSE500-> 3761.21 (136.40 points, 3.76%).
BSEPSU-> 4744.02 (100.59 points, 2.17%).
BSEMIDCAP-> 4087.97 (163.40 points, 4.16%).
BSESMLCAP-> 4891.01 (212.44 points, 4.54%).
BSEBANKEX-> 4386.67 (133.63 points, 3.14%).

NIFTY-> 2890.35 (3.27%).

[sgokulprathap]

Smallcap & Midcap fared well in bearish day.

JUNE 20, 2006.

SENSEX-> 9822.52 (175.32 points, 1.75%).
BSE100-> 5001.01 (80.95 points, 1.59%).
BSE500-> 3771.12 (42.01 points, 1.10%).
BSEPSU-> 4738.20 (46.93 points, 0.98%).
BSEMIDCAP-> 4211.69 (28.05 points, 0.67%).
BSESMLCAP-> 5113.66 (104.19 points, 2.08%).
BSEBANKEX-> 4266.40 (103.13 points, 2.36%).

NIFTY-> 2861.30 (1.91%).

[sgokulprathap]

SENSEX closes above 10000 mark.

JUNE 21, 2006.

SENSEX-> 10040.14 (217.62 points, 2.22%).
BSE100-> 5109.80 (108.79 points, 2.18%).
BSE500-> 3856.90 (85.78 points, 2.27%).
BSEPSU-> 4797.65 (59.45 points, 1.25%).
BSEMIDCAP-> 4323.64 (111.95 points, 2.66%).
BSESMLCAP-> 5323.89 (210.23 points, 4.11%).
BSEBANKEX-> 4305.68 (39.28 points, 0.92%).

NIFTY-> 2923.45 (62.15 points, 2.17%).

[sgokulprathap]

India has 83,000 millionaires :roll:

June 21, 2006

:arrow: If you thought only the poor resided in India, think again.

India now is home to 83,000 millionaires (that is, people with more than $1 million in net assets) and the country saw the world's second fastest growth, at 19.3 per cent, in the number of high net-worth individuals in 2005.

South Korea, Russia and South Africa are the other nations that witnessed big growth in HNWI populations.

The world too is getting richer by the day. There are now 8.7 million millionaires on the planet, 6.5 per cent more than there were last year.

These were the observations of the 10th World Wealth Report released by investment group Merrill Lynch and consultancy Capgemini on Tuesday.

The assets of these super rich put together increased 8.5 by per cent to $33.3 trillion, the report added.

South Africa, Indonesia, Hong Kong, Saudi Arabia, Singapore, the United Arab Emirates and Brazil too posted double-digit increases in the number of HNWIs.

The report said that United States is the richest nation with 2.67 million millionaires. The other countries with the highest number of HNWIs are: Germany (767,000), the United Kingdom (448,000), China (320,000), Canada (232,000), Australia (146,000), Brazil (109,000), and Russia (103,000).

The report also said that India has the potential to become the fourth largest economy by 2025 and the third largest by 2050, behind only the US and China. :thumbsup:

The report aims to better understand the needs of high net worth individuals across the world and observes that nations like India, China, Brazil and Russia China remained strong economic players in the competitive global arena, with three of the four represented in the top 10 fastest-growing HNWI populations in 2005.

According to the report, China, whose economy continued to grow at breakneck speed in 2005, enjoyed real GDP gains of 9.9%. India was not far behind, with 8 real GDP growth.

South Korea, India, Russia and South Africa witnessed the highest growth in HNWI populations. HNWI numbers grew by 6.8% in China in 2005, while India posted a surging 19.3% run-up. India's growth is hardly surprising given the current analyst projections.

Analysing the global trends, the report makes the following observations:

:arrow: 8.7 million people globally hold more than $1million in financial assets -- an increase of 6.5% over 2004
:arrow: South Korea, India, Russia and South Africa witnessed the highest growth in HNWI populations
:arrow: HNWI wealth totals $33.3 trillion, representing an 8.5% gain since 2004
:arrow: Wealth generation was driven by real GDP gains and continued market capitalisation growth
:arrow: Emerging markets registered strong advances in market capitalisation, aiding wealth creation in regions such as Latin America, Eastern Europe and Asia-Pacific
:arrow: HNWI financial wealth is expected to reach $44.6 trillion by 2010, growing at an annual rate of 6.0%
(Economic data derived from The Economist Intelligence Unit, selected countries, February 2006)

The report also states that the number of millionaires may fall in 2006 as the stock markets are on decline in both the United Arab Emirates and Saudi Arabia.

Accounting for nearly two-third of the world's oil reserves, West Asia and Africa continued to benefit from the global dependence on fossil fuels. The region continued to be home to enormous growth of wealth of HNWIs with financial wealth growing at a rate of 19.7 per cent in 2005, said the report.

In Saudi Arabia, the increase in oil production contributed to GDP growth of 6.5 per cent last year and it will stay strong in 2006 and 2007 for the same reason, the report said. The number of HNWIs in Saudi Arabia reached to 80,100 in 2005 versus 70,600 in 2004, a 13.5 per cent increase.

The number of millionaires in the United Arab Emirates has increased to 59,000 in 2005, owing to the boom in the stock markets and surge in oil income, it said.

[sgokulprathap]

Markets recover from early losses.

June 23, 2006.

SENSEX-> 10401.30 (125.42 points, 1.22%).
BSE100-> 5287.84 (54.17 points, 1.04%).
BSE500-> 3982.81 (33.33 points, 0.84%).
BSEPSU-> 5002.32 (46.74 points, 0.94%).
BSEMIDCAP-> 4421.13 (4.72 points, 0.11%).
BSESMLCAP-> 5533.51 (40.74 points, 0.74%).
BSEBANKEX-> 4447.53 (21.96 points, 0.49%).

Nifty-> 3042.70 (1.60%).

[sgokulprathap]

One and a half an hour trading took place on Stock market on Sunday to test a new software.

June 25, 2006.

SENSEX-> 10412.93 (11.63 points, 0.11%).
BSE100-> 5297.76 (9.92 points, 0.19%).
BSE500-> 3997.71 (14.90 points, 0.37%).
BSEPSU-> 5032.80 (30.48 points, 0.61%).
BSEMIDCAP-> 4467.08 (45.95 points, 1.04%).
BSESMLCAP-> 5613.43 (79.92 points, 1.44%).
BSEBANKEX-> 4436.28 (11.25 points, 0.25%).

[sgokulprathap]

Markets turn Red.
SENSEX just ends above 10000 mark.
NIFTY ends below 3000 mark.

JUNE 26, 2006.

BSE INDICES:

Sensex-> 10042.06 (370.80 points)
BSE100-> 5100.02 (197.74).
BSE500-> 3844.33 (153.38).
BSE Auto-> 4469.53 (198.41).
BSE Bank-> 4323.99 (112.29).
BSE Cap Goods-> 6576.31 (315.72).
BSE FMCG-> 1812.56 (55.65).
BSE Health-> 3094.34 (110.72).
BSE Metal-> 7884.29 (598.26).
BSE Midcap-> 4276.92 (190.16).
BSE Oil & Gas-> 4987.01 (155.56).
BSE PSU-> 4821.40 (211.40).
BSE Smallcap-> 5346.26 (267.17 ).
BSE TECk-> 2351.94 (82.19).

NSE Indices:
Nifty-> 2943.20 (107.10).
CNX Midcap-> 100 3848.40 (125.20).

[sgokulprathap]

June 26, 2006.

SENSEX:

Day's High: 10451.47.
Day's Low: 9991.12.

[sgokulprathap]

June 26, 2006.

SENSEX down 3.56%.
NIFTY down over 3.5%.
BSE100 down 3.73%.
BSE500 down 3.84%.
BSEPSU down 4.20%.
BSESMLCAP down 4.76%.
BSEMIDCAP down 4.26%.
BSEBANKEX down 2.53%.
BSEAUTO down 4.42%.
BSECAPGOODS down 4.16%.
BSEMETAL down 7.65%.

[great]

MFs allowed to invest in real estate. Real Estate Mutual Funds these will directly or indirectly invest in property and shall be governed by Sebi (MF).

[sgokulprathap]

Real Estate Funds

The SEBI has approved guidelines for Real Estate Mutual Funds. Initially, all such funds would be close-ended and listed on the stock exchanges. The NAV of the scheme shall be declared on a daily basis. Such funds can invest directly in real estate properties within India, mortgage (housing lease) backed securities and equity shares/ bonds/ debentures of listed/ unlisted companies which deal in properties and also undertake property development.

[sgokulprathap]

Markets Volatile. Sensex and Nifty manage to close higher.

JUNE 27, 2006.

BSE Indices:

Sensex-> 10151.01 (108.95 points).
BSE 100-> 5153.59 (53.57).
BSE 500-> 3868.31 (23.98).
BSE Auto-> 4464.60 4.93).
BSE Bank-> 4323.76 (0.23).
BSE Cap Goods-> 6575.49 (0.82).
BSE FMCG-> 1881.37 (68.81).
BSE Health-> 3083.29 (11.05).
BSE Metal-> 8097.91 (213.62).
BSE Midcap-> 4234.54 (42.38).
BSE Oil & Gas-> 5015.07 (28.06).
BSE PSU-> 4820.19 (1.21).
BSE Small Cap-> 5244.99 (101.27).
BSE TECk-> 2386.12 (34.18).

NSE Indices:
Nifty-> 2982.45 (39.25).
CNX Midcap 100-> 3823.95 (24.45).

[sgokulprathap]

June 27, 2006.

SENSEX up 1.08%.
BSE100 up 1.05%.
BSE500 up 0.62%.
BSEPSU down 0.03%.
BSEMIDCAP down 0.99%.
BSESMLCAP down 1.89%.
BSEBANKEX down 0.01%.

[sgokulprathap]

Markets fell marginally.

JUNE 28, 2006.

BSE Indices:
Sensex-> 10129.70 (21.30 points).
BSE Auto-> 4510.17 (45.57).
BSE Bank-> 4243.03 (80.73).
BSE Cap Goods-> 6581.98 (6.49).
BSE FMCG-> 1882.74 (1.37).
BSE Health-> 3050.70 (32.59).
BSE Metal-> 8045.56 (52.35).
BSE Midcap-> 4214.64 (19.90).
BSE Oil & Gas-> 5049.68 (34.61).
BSE PSU-> 4765.28 (54.91).
BSE Small Cap-> 5195.95 (49.04).
BSE TECk-> 2402.69 (16.57).

NSE Indices:
Nifty-> 2981.10 (1.35 points).
CNX Midcap100-> 3794.70 (29.25).

[sgokulprathap]

JUNE 28, 2006.

SENSEX down 0.21%.
BSE100 down 0.26%.
BSE500 down 0.29%.
BSEPSU down 1.14%.
BSEMIDCAP down 0.47%.
BSESMLCAP down 0.93%.
BSEBANKEX down 1.87%.

[sgokulprathap]

JUNE 29, 2006.

BSE Indices:
Sensex-> 10162.16 (32.46 points).
BSE Auto-> 4555.56 (45.39).
BSE Bank-> 4227.63 (15.40).
BSE Cap Goods-> 6684.74 (102.76).
BSE FMCG-> 1868.80 (13.94).
BSE Health-> 3067.51 (16.81).
BSE Metal-> 7976.33 (69.23).
BSE Midcap-> 4235.56 (20.92).
BSE Oil & Gas-> 5074.57 (24.89).
BSE PSU-> 4766.95 (1.67).
BSE Small Cap-> 5210.80 (14.85).
BSE TECk-> 2411.95 (9.26).

NSE Indices
Nifty-> 2997.90 (16.80).
CNX Midcap 100-> 3805.10 (10.40).

[sgokulprathap]

JUNE 29, 2006.

SENSEX up 0.32%.
BSE100 up 0.39%.
BSE500 up 0.39%.
BSEPSU up 0.04%.
BSEMIDCAP up 0.50%.
BSESMLCAP up 0.29%.
BSEBANKEX down 0.36%.

[sgokulprathap]

June 30, 2006

Indian markets join the party, Sensex above 10500

The markets opened sharply higher today joining the rally in markets across the world. At 9:58, the BSE Sensex was trading at 10511 up 349 points and the Nifty was up 98 points at 3096.

The positive sentiment came in after the Federal Reserve appeared to soften its stance on future interest rate hikes.

The Dow Jones industrial average rose more than 215 points, its biggest one-day point gains in more than three years.

Asian markets are witnessing buying interest. Japan's Nikkei surged 2.04%, TOPIX Index was up 1.74%, Hang Seng was up 1.74%, Straits Times was up 1.70%.

On the corporate front:

Results today
Allcargo, Essar Oil, JP Hydro, Goetze, KRBL, McLeod Russel, Monnet Ispat, Unitech, Vaibhav Gems, Sah Petroleum and SAL Steel

:arrow: Citi may sell Polaris stake, sends feelers to private equity players - TOI
:arrow: United Western bank likely to merge with a PSU bank- TOI
:arrow: Colgate hikes toothpaste prices by 4%, rivals to follow soon

Pfizer-Merck
:arrow: Pfizer may do to Zoloft what Merck did to Zocor
:arrow: Heavy discounting on Zoloft may help Pfizer's generic arm
:arrow: Cipla supplies Zoloft bulk to Teva
:arrow: Could lead to lesser supplies to Teva from Cipla
:arrow: Zoloft is USD 3.5 billion drug

Ex-dividend
:arrow: HDFC (Rs 20), 3i Infotech (Rs 2)
:arrow: Unitech moves out of 'No Delivery' period
:arrow: SB&T Intl board meet on July 20 to consider buyback
:arrow: Zicom Electronic approves FII limit hike to 74%
:arrow: SC stays Rs 527 crore (Rs 5.27 billion) sales tax demand on Nirma
:arrow: UB plans euro 500 million European buyout, shortlists 3 wine companies - BS
:arrow: Nambiars to convert advance paid to BPL into equity, promoters stake to go up to 43.15% from the existing 8.24%- ET
:arrow: Steel companies likely to hike prices by Rs 1000 per tonne

Shree Precoated Q4
:arrow: Net loss at Rs 21.1 crore versus profit of Rs 6.4 crore
:arrow: Net sales at Rs 277.7 crore versus Rs 198.6 crore
:arrow: Optg loss at Rs 8 crore versus optg profit of Rs 12.2 crore

Gammon Q4
:arrow: Net profit at Rs 28.8 crore versus Rs 14.3 crore
:arrow: Net sales at Rs 406.9 crore versus Rs 280.6 crore

NIIT Q4 (YoY)
:arrow: Net profit at Rs 10.3 crore versus Rs 3.23 crore
:arrow: Net sales at Rs 90.1 crore versus Rs 78.7 crore
:arrow: OPM at 20.5% versus 15.5%

[sgokulprathap]

Markets witness relief rally; Sensex closes above 10600

The markets witnessed a relief rally in today's trading session boosted by extremely positive global cues. The Sensex closed up 447 points and the Nifty was up 130 points.

Markets across the globe were parting with Federal Reserve appearing to soften its stance on future interest rate hikes.

The major gainers on the indices were Reliance Comm, HLL, Maruti Udyog, Hindalco and Zee

The Sensex closed at 10,609.25 up 447.09 points and the Nifty closed at 3128 up 130 points.

The BSE Small Cap Index closed at 5,357.04, up 146.24 points.

The BSE Midcap Index ended at 4,381.11, up 145.55 points.

Markets today:

-Markets end sharply higher supported by broad-based buying
-Positive global cues, less hawkish Fed stance boost sentiment
-Sensex, Nifty close almost at highest point of the day
-Sensex ends at 10609, Nifty at 3128 points, both up over 4%
-Index heavyweights ONGC, RIL & HLL, & ITC lead the rally
-All BSE sector indices end in positive territory
-BSE Metals index up 6%, SAIL up 8.5%, Hindalco up 8%
-BSE Capital Goods index up 5%; L&T up 5.6%, Siemens up 4%
-Auto stocks gain on hopes of price hike announcements
-BSE Auto index up 4.3%; Maruti up 8.7%, Tata Motors up 4%
-Second rung stocks relatively underperform broad market
-NSE CNX Midcap index up 3.7%; BSE Small Cap index up 2.8%
-Market breadth positive; NSE Advance:Decline ratio at 11:2
-Total market turnover at Rs 30,798.23 cr vs 42,462.31 cr yesterday

The BSE Metal Index advanced by 6% at 8,454.69. Jindal Saw, Hind Zinc, SAIL, Hindalco and Jindal Steel witnessed heavy buying interest.

The BSE Capital Goods Index was up 5.14% at 7,028.30. BEML, Gammon India, Alstom Projects, Greaves Cotton, Ingersoll Rand and BHEL closed higher.

The BSE Consumer Durables Index gained 4.57% at 2,737.44. Titan Industries, Blue Star, Whirlpool, Su-Raj Diamonds and BPL moved up.

The BSE Auto Index added 4.35% at 4,753.58. Ashok Leyland, Maruti Udyog, Bharat Forge, Escorts, Sundram and Bajaj Auto closed in positive terrain.

The BSE FMCG Index was up 4.34% at 1,949.85. HLL, Nestle, Tata Tea, Nirma and ITC closed in green.

The BSE Oil and Gas Index rose 4.3% at 5,293.36. ONGC, Reliance, GAIL, Kochi Refineries and MRPL advanced higher.

The BSE IT Index was up by 3.18% at 3,743.32. Moser Baer, Satyam, TCS, Wipro and Hexaware Tech moved up.

The BSE Bankex was up 2.87% at 4,348.79. Union Bank, HDFC Bank, Bank of India, Kotak Mahindra and UTI Bank surged.

The BSE Health Care Index was up by 2.12% at 3,132.42. Aurobindo Pharma, Glenmark, Cadila Healthcare, Wockhardt and Matrix Labs were among the major gainers.

The NSE cash turnover was at Rs 7058.64 crore and the NSE F&O turnover was at Rs 20437.56 crore. The BSE cash turnover was Rs 3302.03 crore. Total market wide turnover was at Rs 30798.23 crore.

Markets this week:

-Sensex up 2%, Nifty up 2.8% (from last Friday)
-CNX Midcap Index down 0.7%, BSE Small-cap Index down 3.2%
-Gainers: Suzlon up 11.6%, Wipro up 9.3%, ABB up 8%
-Gainers: VSNL, Tata Power up 7.3% each, ITC, M&M Up 7% each
-Losers: Jet down 14.8%, HPCL down 8%, Ranbaxy down 7.6%, MTNL down 5.6%
-Midcap Gainers: Essar Oil up 12.4%, Glenmark Pharma up 10.8%
-Midcap Gainers: Adlabs up 8%, GHCL up 7%
-Midcap Losers: Rallis India down 13%, LML down 11%, Allahabad Bank down 11%

F&O Update

Turnover at Rs 20437.56 cr
Nifty Futures at 6 pts discount
Top Traded:India Cement,Sterlite Ind,Ashok Leyland,Hindalco,RIL,IPCL,Essar Oil
Nifty Futures adds 35 lakh shares in OI
Allahabad Bank adds 9 lakh shares in OI
Essar Oil adds 10 lakh shares in OI
HLL adds 13 lakh shares in OI
India Cement adds 15 lakh shares in OI
Tata Steel adds 10 lakh shares in OI
Tata Motors,Century Textile,Reliance Capital adds 5 lakh shares in OI.

[sgokulprathap]

June 30, 2006.

BSE Indices:
SENSEX-> 10609.25 (447.09 points).
BSE Auto-> 4753.58 (198.02).
BSE Bank-> 4348.79 (121.16).
BSE Cap Goods-> 7028.30 (343.56).
BSE FMCG-> 1949.85 (81.05).
BSE Health-> 3132.42 (64.91).
BSE Metal-> 8454.69 (478.36).
BSE Midcap-> 4381.11 (145.55).
BSE Oil & Gas-> 5293.36 (218.79).
BSE PSU-> 4950.45 (183.50).
BSE Small Cap-> 5357.04 (146.24).
BSE TECk-> 2493.75 (81.80).

NSE Indices:
NIFTY-> 3128.20 (130.30 points).
CNX Midcap 100-> 3944.65 (139.55).

[sgokulprathap]

July 3, 2006. Markets non-volatile.

Sensex-> 10695.30 (86.10 points).
BSE Auto-> 4735.48 (18.10).
BSE Bank-> 4359.28 (10.49).
BSE Cap Goods-> 7056.90 (28.60).
BSE FMCG-> 1980.57 (30.72).
BSE Health-> 3131.38 (1.04).
BSE Metal-> 8529.95 (75.26).
BSE Midcap-> 4394.79 (13.68).
BSE Oil & Gas-> 5338.08 (44.72).
BSE PSU-> 4980.01 (29.56).
BSE Small Cap-> 5362.53 (5.49).
BSE TECk-> 2524.99 (31.24).

NSE Indices
Nifty-> 3150.95 (22.75).
CNX Midcap 100-> 3950.40 (5.75).

[sgokulprathap]

July 3, 2006.

SENSEX:
Day's high: 10729.92
Day's low: 10589.46.

[sgokulprathap]

July 4, 2006. Markets fall on late selling.

BSE Indices:
Sensex-> 10662.20 (33.10 points).
BSE Auto-> 4756.19 (20.71).
BSE Bank-> 4410.75 (51.47).
BSE Cap Goods-> 6954.92 (101.98).
BSE FMCG-> 1943.06 (37.51).
BSE Health-> 3107.22 (24.16).
BSE Metal-> 8486.16 (43.79).
BSE Midcap-> 4391.42 (3.37).
BSE Oil & Gas-> 5335.97 (2.11).
BSE PSU-> 4996.66 (16.65).
BSE Small Cap-> 5325.81 (36.72).
BSE TECk-> 2515.61 (9.38).

NSE Indices:
Nifty-> 3138.65 (12.30).
CNX Midcap 100-> 3940.30 (10.10).

[sgokulprathap]

July 4, 2006. PSU and Bank Index in Green.

SENSEX fall by 0.31%.
BSE100 fall by 0.21%.
BSE500 fall by 0.21%.
BSEPSU rise by 0.33%
NSEMIDCAP fall by 0.08%
BSESMLCAP fall by 0.68%.
BSEBANKEX rise by 1.18%.

[sgokulprathap]

SENSEX:

Day's High:10800.11.
Day's Low:10644.72.

[sgokulprathap]

July 5, 2006. Markets ZOOM.

BSE Indices:
Sensex-> 10919.64 (257.42 points).
BSE Auto-> 4810.29 (54.10).
BSE Bank-> 4504.02 (93.27).
BSE Cap Goods-> 7109.31 (154.39).
BSE FMCG-> 2004.82 (61.76).
BSE Health-> 3163.53 (56.31).
BSE Metal-> 8749.79 (263.63).
BSE Midcap-> 4427.06 (35.64).
BSE Oil & Gas-> 5424.47 (88.50).
BSE PSU-> 5048.21 (51.55).
BSE Small Cap-> 5349.32 (23.51).
BSE TECk-> 2557.98 (42.37).

NSE Indices:
Nifty-> 3197.10 (58.45).
CNX Midcap 100-> 3982.55 (42.25).

[sgokulprathap]

SENSEX rise by 2.41%.
BSE100 rise by 2.24%.
BSE500 rise by 1.94%.
BSEPSU rise by 1.03%.
BSEMIDCAP rise by 0.81%.
BSESMLCAP rise by 0.44%.
BSEBANKEX rise by 2.11%.

[sgokulprathap]

SENSEX:
Day's High: 10940.45.
Day's Low:10611.35.

[sgokulprathap]

July 5, 2006.
Rains fail to dampen mkt spirits:

The markets closed in the positive terrain despite weak cues from its Asian peers. The markets opened weak but picked up momentum during the later part of the day.

After the initial hicups the Sensex moved north to breach the 10900 level. The Nifty closed near the the 3200 mark.

:arrow: The Sensex closed at 10,919.64 up 257.42 points and the Nifty closed at 3197 up 58 points.
:arrow: The BSE Small Cap Index closed at 5,349.32, up 24 points.
:arrow: The BSE Midcap Index ended at 4,427.06, up 36 points.

About 1284 shares have advanced, 1033 shares declined, and 84 shares are unchanged.

The major gainers on the indices were Reliance Energy, HDFC, Grasim, Suzlon and ABB.

All the BSE sectoral indices closed in the positive terrain. FMCG and metal stocks are witnessed heavy buying and were leading the rally.

Markets today:

-Markets up on broad-based buying; Power, metals, FMCG stocks lead

-Sentiment positive despite weak global cues, incessant Mumbai rains

-Fund-based buying in frontline stocks helps indices close firm

-Sensex closes up 2.4% at 10,920; Nifty up 1.9% at 3197 points

-BSE FMCG index up 3.2%; HLL up 4%, ITC up 3.2%, Dabur India up 2%

-BSE Metals index up 3.1%; SAIL up 3%, Hindalco up over 1%

-Tata Steel up 4.8%; to augment capacity to 30 mt by 2015-16

-BSE Capital Goods index up 2.2%; L&T up 4%, Siemens up 2.6%

-Power stocks light up; Suzlon up 7%, Reliance Energy up 5.5%

-Midcap stocks underperform; NSE CNX Midcap index up 1.1%

-Market breadth positive; NSE Advance:Decline ratio at 3:2

-Total market turnover Rs 28,951.59 cr vs 21,608.46 cr yesterday.

:arrow: The BSE Metal Index advanced by 3.3% at 8,764.86. Hind Zinc, Tata Steel, Jindal Saw and Sterlite Ind witnessed heavy buying interest.
:arrow: The BSE FMCG Index was up 3.2% at 2,005.57. Nestle, HLL, ITC, Dabur India and P&G closed in green.
:arrow: The BSE Capital Goods Index was up 2.3% at 7,112.69. Praj Industries, ABB, Crompton Greave, BEML and L&T closed higher.
:arrow: The BSE Bankex was up 2% at 4,499.30. ICICI Bank, HDFC Bank, Union Bank, UTI Bank and Bank of India Bank surged.
:arrow: The BSE Health Care Index was up by 1.94% at 3,167.56. Apollo Hospital, Aurobindo Pharma, Matrix Lab, Orchid Chemical and Cipla were among the major gainers.
:arrow: The BSE Oil and Gas Index rose 1.8% at 5,432.22. IOC, Reliance, HPCL and Chennai Petro advanced higher.
:arrow: The BSE Auto Index added 1.2% at 4,812.95. Apollo Tyres, Tube Investment, Bharat Forge and MICO closed in positive terrain.
:arrow: The BSE IT Index was up by 1.2% at 3,843.59. HCL Tech, I-Flex Solution, TCS, HCL Info and Infosys moved up.
:arrow: The BSE Consumer Durables Index gained 0.77% at 2,767.70. BPL, Titan Industries, Samtel Color and Blue Star moved up.
:arrow: The NSE cash turnover was at Rs 6051.98 crore and the NSE F&O turnover was at Rs 20136.86 crore. The BSE cash turnover was Rs 2762.75 crore. Total market wide turnover was at Rs 28951.59 crore.

[ArulprakasH]

SENSEX 10,773.00 :arrow: 146.6 (down) ( 6/7/2006 14:14 )

NIFTY 3,161.65 :arrow: 35.45 (down) ( 6/7/2006 13:58 )

[sgokulprathap]

July 6, 2006. Markets fall.

BSE Indices:
Sensex-> 10767.97 (151.67 points).
BSE Auto-> 4768.99 (41.30).
BSE Bank-> 4399.41 (104.61).
BSE Cap Goods-> 6995.23 (114.08).
BSE FMCG-> 1988.58 (16.24).
BSE Health-> 3148.32 (15.21).
BSE Metal-> 8595.09 (154.70).
BSE Midcap-> 4415.46 (11.60).
BSE Oil & Gas-> 5370.41 (54.06).
BSE PSU-> 4998.36 (49.85).
BSE Small Cap-> 5332.35 (16.97).
BSE TECk-> 2529.01 (28.97).

NSE Indices:
NIFTY-> 3156.40 (10.70 points).
CNX Midcap 100-> 3962.00 (20.55).

[sgokulprathap]

July 6, 2006.

SENSEX down by 1.39%.
BSE100 down by 1.19%.
BSE500 down by 1.01%.
BSEPSU down by 0.99%.
BSEMIDCAP down by 0.26%.
BSESMLCAP down by 0.32%.
BSEBANKEX down by 2.32%.

[sgokulprathap]

SENSEX:

Day's High: 10839.53.
Day's Low: 10703.00.

[sgokulprathap]

July 7, 2006. Another bad day for markets.

Sensex-> 10509.53 (258.44 points, 2.40%).
Nifty-> 3075.85 (80.55 points, 2.55%).

[sgokulprathap]

July 11, 2006.

SENSEX-> 10614.35 (69.95 points, 0.65%).
NIFTY-> 3116.15 (25.85 points, 0.82%).
BSEBANKEX-> 4319.89 (34.70 points, 0.80%).

BSEMIDCAP-> 4350.24 (8.80 points, 0.20%).
BSESMLCAP-> 5258.66 (23.63 points, 0.45%).
BSEHEALTH-> 3143.94 (32.28 points).
CNXMIDCAP100-> 3897.20 (2.15 points).

[sgokulprathap]

SENSEX:

Day's High: 10699.62.
Day's Low: 10566.71.

[sgokulprathap]

July 12, 2006. Bulls Back.

BSE Indices:
Sensex-> 10930.10 (315.80 points).
BSE Auto-> 4663.15 (43.95).
BSE Bank-> 4326.79 (6.90).
BSE Cap Goods-> 7108.00 (182.78).
BSE FMCG-> 1977.60 (37.03).
BSE Health-> 3156.90 (12.96).
BSE Metal-> 8479.54 (237.07).
BSE Midcap-> 4380.33 (30.09).
BSE Oil & Gas-> 5407.05 (148.89).
BSE PSU-> 4969.74 (14.70).
BSE Small Cap-> 5283.15 (24.49).
BSE TECk-> 2660.28 (127.65).

NSE Indices:
Nifty-> 3195.90 (79.75 points)
CNX Midcap 100-> 3920.70 (23.50)