Farming, Education and Health care are the biggest sectors that would be winning because of the recent budget and hence the trading day today at the stock markets is witnessing the bias. Sensex is down by about 500 points and Nifty is down near 150 points.
Nifty is down over 3%, CNX IT is down 3.11%, Bank Nifty is down 4.18%. Selling is seen across the board without any market cap differentiation. Auto sectoral index is in green on the BSE while all other sectoral indices are in the red.
Maruti, M&M, Hero Honda, Bajaj Auto, Tata Motors are in the green while big losers of the day so far include Punjab National Bank, State Bank of India, ITC, Suzlon, ABB, Wipro, ICICI Bank, BHEL, HCL Technologies and Tata Communications
March 3rd, 2008
A big day for the stock markets. The Indian Finance Minister will be presenting his Budget speech shortly. Meanwhile the Indian stock markets opened marginally in the red. Fertilizers, Seeds and Paper stocks are in the green considering the budget will give some thrust to agriculture.
Minister of Finance Chidambaram and Minister of State for Finance entered into the Parliament just few minutes ago. The Finance Minister will be presenting the Indian Union Budget at about 11:00 AM
Banking stocks are in the red. Bank Nifty is down 1.28% CNX IT is marginally up at 0.09%
Auto, Bank, Consumer Durables, Health Care, IT, Metal, Oil & Gas, Power sectoral indices on the BSE are in the red. Consumer Goods, FMCG, PSU and Realty sectoral indices are in the green. Chambal Fertilizers, RCF, Zuari, Aries Agro, Kaveri Seeds and Tamilnadu Newsprint are buzzing with over 3-4% upside just few minutes after openeing.
February 29th, 2008
Value of deals reported on ICDM on th February ,28th , through ICDM System is = Rs. 85.06 Crs.
Number of deals reported : 27
Please find herein below data on F&O turnover (one sided) for the trade date 28th Feb 2008.
1.) Sensex Futures = Rs 1032.14 crores.
2) MiniSensex Futures = Rs 2.89 crores.
3) Total F&O Turnover = Rs 1160.80 crores.
All the above values represent one sided turnover.
Kalyan S. Bose
Corporate Affairs
Bombay Stock Exchange Ltd
February 28th, 2008
Indian Stock Markets are highly volatile today with most of the time spent on the lower level. Indian Economic growth, according to the Economic Survey, for 2007-08 is projected at 8.7 per cent.
Nifty closed at 5285.10 up 0.32%. CNX IT is up 0.09%. Bank Nifty is down 1.28%. CNX 500 is down 0.08%. CNX Midcap is down 0.19%. Nifty Midcap 50 is down 0.60%. Sensex closed at 17,824.48 down 0.01%
Infosys closed down by 1.21% while its Tier I IT peers closed positive. Satyam is up 2.05%. Wipro is up 1.53% and TCS closed marginally in red.
Banking stocks had a relatively dull day. Union Bank is down 5.73%. Punjab National Bank and Bank of Baroda are down over 3%. Kotak Bank and State Bank of India are down 2%, Oriental Bank of Commerce, Corporation Bank, Bank of India are down over 1%. ICICI Bank closed marginally in the red while Canara Bank is up marginally. Private banks HDFC Bank and Axis Bank are both up over 1%
Metal, Health Care and Auto sectoral indices are up over 1% while Realty is down over 1%
February 28th, 2008
Bombay Stock Exchange (BSE) and SIES College of Management Studies (SIESCOMS) signed a MoU today for jointly conducting training programmes for the benefit of students pursuing management programmes and any other Diploma and /or Certificate Programmes. The MoU leads to a mutually beneficial relationship, enabling both BSE and SIESCOMS to conduct joint academic training programmes and to promote research in capital markets.
Mr. Rajnikant Patel, Managing Director & CEO, BSE and Dr. A. K. Sen Gupta, Director, SIES College of Management Studies, signed the MoU.
Bombay Stock Exchange (BSE) has always been at the forefront of knowledge development and management. It has created a unique position for itself among the stock exchanges in the world through its exclusive training centre - BSE Training Institute (BTI) - a leading facility in financial and securities market training in India.
Commenting on this development, Mr. Rajnikant Patel, Managing Director & CEO, Bombay Stock Exchange Ltd, said, “The objective of this MoU is to promote excellence in professional education in capital and financial markets. Since both BSE and SIESCOMS are leaders in their respective domains, it is only apt that they come together for exchange of resources. BSE offers exclusive training, thus enabling the financial market participants and intermediaries to keep abreast of latest developments in a rapidly evolving economic environment. This agreement is one more step towards capacity building and knowledge enhancement.”
Said, Dr. A. K. Sen Gupta, Director, SIES, “The MoU with the BSE Training Institution will go a long way to impart professional education for capital market professionals and would synergise the domain expertise of management school with industry practice / experience. The MoU will further strengthen the industry academic partnership in extending continuing education in capital & financial markets.”
About Bombay Stock Exchange: BSE is the oldest stock exchange in Asia. It was established in 1875 as “The Native Share & Stock Brokers Association.” BSE reaches out to more than 400 cities and towns in India. It has 4,800 listed companies on the board, with over 7,500 scrips being traded. The companies listed on BSE command a total market capitalisation of Rs 39, 96,859 crore (USD 975 billion). BSE offers trading in the equity (cash and derivatives) and debt (corporate and government securities) segments. For further information please visit www.bseindia.com.
About BSE Training Institute: BTI currently offers 36 courses with 183 programmes, which are attended by over 6,500 participants annually. International participation includes representation from regions such as South Asia, Central Asia, Eastern Europe, Middle East and Africa. BTI endeavours to be a leader for knowledge management in the South Asian region, catering to requirements of a rapidly growing financial sector. BTI also conducts various customised programmes for leading corporate and financial institutions.
About SIES College of Management Studies: SIES College of Management Studies (SIESCOMS) has been promoted by South Indian Education Society (SIES), one of the oldest and value-based education trusts in the city of Mumbai. Started in 1995 and located in a sprawling and picturesque campus in Nerul, Navi Mumbai, the institute has come a long way in being recognized as one of the progressive and forward looking B-schools in the country. With 45 full-time faculty members supported by more than 100 visiting faculty members from the world of corporate and academicians, the academic ambience of SIESCOMS is indeed rich. The institute has state-of-the art infrastructure befitting a modern school. In all the rating exercises conducted by leading business magazines SIESCOMS has always figured among the top B-schools in the country.
The flagship programs of the institute comprise:
1. Ph.D. Program in Management: In collaboration with the Bengal Engineering and Science University, Shibpur, Kolkata.
2. Master of Management Studies (MMS): A 2-year full-time post graduate program affiliated to the University of Mumbai.
3. Post Graduate Diploma in Management (PGDM): A 2-year full-time post- graduate program creating global managers.
4. Post Graduate Diploma in Management (Pharmaceutical Management): A 2-year full-time post-graduate program exclusively catering to the managerial requirements of the pharmaceutical industry.
5. Post Graduate Diploma in Management (Biotechnology Management): A 2-year full-time post-graduate program exclusively catering to the managerial requirements of the biotech industry.
6. Masters in Computer Application (MCA): A 3-year fulltime post-graduate technology focused program affiliated to the University of Mumbai.
7. Executive Post Graduate Program in Business Management (EPGPM): An 18-month week-end program exclusively targeted at working professionals with minimum of 2 years of experience equipping them with managerial skills while working.
8. Post Graduate Program in Social Enterprise Management (PGPSEM): A 1-year week-end program aimed at capacity building of NGO sector as well as fostering growth of social entrepreneurship in the country.
9. Post Graduate Program in Banking and Finance (PGPBF): A 1-year full-time program for students aspiring to make career in banking and financial markets.
In addition the institute is actively engaged in a number of management development programs and consulting / sponsored research activities for the corporate.
The institute has recently created a dedicated a centre for “Banking & Finance” to exclusively cater to educational, research and consulting activities related to the areas of banking and finance. The center is engaged in conducting a number of academic programs on banking (in collaboration with Indian Institute of Banking and Finance) and insurance (in collaboration with ICICI Prudential), among others. This center is also actively engaged in research activities related to various aspects of financial markets.
February 27th, 2008