While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
India's premier bourse Bombay Stock Exchange is awaiting market regulator Sebi's nod for offloading 51 per cent stake, in which the likes of Nasdaq and NYSE have shown interest.
Several US businesses were hit by technological issues on July 8.
Exchanges have twin roles: commercial and regulatory.
The Bombay Stock Exchange will see the implementation of the new system developed on technology provided by the Nasdaq-owned OMX group only by the second half of 2009. The Swedish firm is still in the process of meeting the final requirements, an official said.
In a move to allow US investors to directly participate in India's equity markets, Chicago-based US Futures Exchange (USFE) will exclusively license the Bombay Stock Exchange's Sensex for US dollar-denominated futures trading beginning February 22 next year. At present, US investors can buy only a handful of Indian stocks listed on the New York and Nasdaq exchanges through an American Depository Receipt (ADR) authorisation.
The Nasdaq Composite hit a high of 5,143.316.
World's largest exchange, the New York Stock Exchange is wooing India's showpiece IT firm Infosys Technologies to list its shares on its trading platform.
Identifying cyber crime as a major threat, Sebi Chairman U K Sinha recently said such attacks are occurring these days in a more sophisticated manner.
The 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value plummet.
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
Equity markets halted their two-day rally on Friday, with the Sensex tumbling 714.53 points amid weak global equities and selling in index majors Infosys, ICICI Bank, HDFC Bank and Reliance Industries. Continuous foreign fund outflows also dented sentiments. The BSE benchmark Sensex tanked 714.53 points or 1.23 per cent to settle at 57,197.15. During the day, it plummeted 776.96 points or 1.34 per cent to 57,134.72. The NSE Nifty also declined 220.65 points or 1.27 per cent to 17,171.95.
In My Name Is Khan, directed by Johar, SRK plays Rizwan Khan, a man with a form of autism that makes him a much misunderstood person. The 9/11 events indirectly affect millions of people across the globe, and Rizwan is one of them.
Bank shares were the top losers after sharp gains last week.
In terms of percentage, Exlservice Holdings Inc has recorded the biggest loss of about 19 per cent, while Infosys, Satyam, Sify, Wipro, Rediff, WNS, HDFC bank, VSNL, Genpact, Dr Reddy's and Patni also saw their market values dipping. All the major IT scrips saw a fall of more than seven per cent, led by Satyam Computer (over 10 per cent), while Wipro and Satyam lost about eight per cent and seven per cent respectively.
Nasdaq listed Infosys Technologies will announce its third quarter results on January 12.
Recently, ex-Google executive Punit Soni joined FLipkart.
Benchmark BSE Sensex rose by 319 points on Monday on gains in IT and financial stocks after positive quarterly results amid supportive global cues. The 30-share BSE barometer rose by 319.90 or 0.53 per cent to close at 60,941.67. The index opened higher and gained more than 400 points to scale the 61,000 level. It touched a high of 61,113.27 and a low of 60,761.88 in the day.
Benchmark indices Sensex and Nifty declined in early trade on Wednesday due to selling in financials, oil and IT stocks amid weak global trends.
Among Sensex shares, HDFC Bank fell the most by 2.58 per cent, followed by SBI (2.12 per cent), HDFC (2.09 per cent), and IndusInd Bank (2.02 per cent). Axis Bank, Bajaj Finserv, M&M, L&T, Reliance, Infosys and TCS were among the major losers. In contrast, Tata Motors, Maruti, NTPC, Sun Pharma, Power Grid and Titan were among the gainers.
From the 30-share pack, Sun Pharma, TCS, Tech Mahindra, NTPC, Wipro, UltraTech Cement, Dr Reddy's Laboratories and Infosys were the major gainers, jumping up to 3.99 per cent. In contrast, Tata Steel, Nestle, Titan Company, PowerGrid, Reliance Industries Limited and State Bank of India were among the laggards.
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Meanwhile, NSE was also ranked first in number of equity trades for the first half of 2013 with a total of 71.18 crore (711.8 million) trades.
L&T was the top gainer in the Sensex pack, rising over 3 per cent, followed by Bajaj Finance, Reliance Industries, IndusInd Bank, SBI and HDFC Bank. NSE Nifty surged 168.05 points to 14,653.05.
Benchmark Sensex trimmed early gains to close marginally higher while Nifty settled flat in choppy trade on Tuesday as gains in auto shares were offset by selling pressure in banking and energy shares. The 30-share BSE barometer closed marginally up by 37.08 points or 0.06 per cent to 60,978.75 with 15 of its stocks ending in green and the rest in red. The index opened higher and gained over 300 points to a high of 61,266.06 in early trade.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
HCL Tech and ONGC were the top gainers in the Sensex, rising up to 3.40 per cent.
The Dow has never lost more than 800 points in a day.
Sensex has shed over 150 points in afternoon trade.
Monday's drop followed an 8.5 per cent slump in Chinese markets.
Lupin was the top gainer after the USFDA cleared its Goa facility
Among the biggest winners of a successful IPO would be co-founder Evan Williams with a 12 per cent stake.
Infosys slipped nearly 9% after the company cut full year revenue outlook for FY17.
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