Following a more than 15 per cent surge in the National Stock Exchange (NSE) Nifty 50 from this year's lows, the spread between the 10-year government security (G-sec) and the Nifty earnings has approached the danger zone of 2 percentage points (ppt). At present, the G-sec yield is roughly 7.09 per cent, while the Nifty earnings are 5.12 per cent. As a result, the spread works out to 1.98 ppt, ever so slightly below the danger mark of 2 ppt.
Participants can provide anonymous feedback on market manipulation.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
The index is currently trading at 149 per cent of its historical P/B valuation, surpassing its previous peak of 125 per cent made in 2020-21.
The Bombay Stock Exchange and Foreign Exchange market will remain closed today due to a terrorist attack in Mumbai.
BSE-IT, capital goods, banks, real-estate led gains.
All principal markets including the Bombay Stock Exchange, the National Stock Exchange, foreign exchange, money, oils & oilseeds, metals, copra and cotton remained closed on Wednesday on account of Eid-Ul-Fitr.
The Securities and Exchange Board of India has asked the Bombay Stock Exchange and National Stock Exchange to provide data of scrips traded on April 10 to analyse the reasons for the crash of the information technology scrips on that day.\n\n\n\n
In dollar terms, the Nifty has gained 26.7 per cent in this year, while the Sensex has advanced 25 per cent during the same period.
Former Mumbai Police Commissioner Sanjay Pandey appeared before the Enforcement Directorate (ED) in Delhi for the second day on Tuesday for questioning in a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said. This is the second consecutive day that the retired Indian Police Service (IPS) officer is being questioned by the federal probe agency in this case. Like Monday, the officer will continue to reply to questions on the business and operations of a firm floated by him for security audit of the National Stock Exchange (NSE) and his statement will be recorded under the Prevention of Money Laundering Act, they said.
Benchmark BSE Sensex rose by 160 points on Thursday in choppy trade following gains in select banking and auto counters amid mixed global cues. The 30-share index gained 160 points to settle at 62,570.68 as 13 of its components advanced while 17 declined. The barometer opened lower but later gained momentum to touch a high of 62,633.56 in the day's trade.
The Bombay Stock Exchange's 30-share Sensex closed at 18,401 up 405 points. The National Stock Exchange's 50-share S&P CNX Nifty closed at 5,409 up 124 points.
The National Stock Exchange listed the Dow Jones Industrial and S&P 500 on its platform last week.
Many companies, including Reliance Industries Ltd, have postponed their board meetings, scheduled for Wednesday, in view of the bandh called by Shiv Sena and the Bharatiya Janata Party to protest on Monday's blast in Mumbai.
The CBI action comes following a complaint from the Union home ministry.
Orders were executed at 9.15 am after initial order matching, while the markets will function as usual for other stocks.
With Housing Development Finance Corporation's (HDFC's) merger with HDFC Bank becoming effective on July 1, the merged entity is set to become the top weight in the benchmarks S&P BSE Sensex and the National Stock Exchange Nifty indices, dislodging the country's most valuable company, Reliance Industries (RIL), from its perch. HDFC will stop trading after July 13. At present, RIL has a weighting of close to 12 per cent in the Sensex and 10.3 per cent in the broad-based Nifty. Meanwhile, HDFC Bank and HDFC have weights of 9.9 per cent and 6.8 per cent in the Sensex and 8.8 per cent and 6 per cent in the Nifty, respectively.
Exchange to launch mutual fund trading platform; BSE set to follow.
BSE Metal and IT indices plummeted by almost 2%
The special trading session would be conducted to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity.
Asia's oldest bourse, Bombay Stock Exchange on Wednesday launched currency derivatives segment (BSE-CDX) that would enable participants to hedge their currency risks through trading in the US dollar-rupee future platform.
Despite changes in rules, the exchange is not in a hurry
Hindustan Unilever on Tuesday reported 15.59 per cent jump in net profit at Rs 871.36 crore (Rs 8.71 billion) for the third quarter ended December 31, 2012, on account of robust sales across various business verticals.
BSE Metal, IT and Consumer Durable indices surged by nearly 2% each. However, BSE FMCG index declined by nearly 1%.
The country's largest stock exchange in terms of volume has 'received an in-principle nod from Sebi for starting an exchange to trade foreign currency derivatives,' sources close to the development said. NSE officials, however, were not available for comment.
Without naming National Stock Exchange, MCX-SX also said that its rival was killing competition by offering free trading in currency derivatives, and thus making it difficult for it to get business and investors.
Indiabulls Financial Services has fixed the price of a $45 million Global Depository issue which is expected to be listed on the Luxembourg Stock Exchange.
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account of the lender, and the takeover of the management from the Administrator will happen on Wednesday.
Jet settled higher by 2.35 per cent at Rs 623.40 on the Bombay Stock Exchange.
BSE-FMCG, consumer durables, pharmaceuticals led declines.
Benchmark share indices ended lower, amid a volatile trading session, weighed by weakness among Metal, Banks and Capital Goods shares. Weak performance of the global markets also dampened the sentiments among local investors.
The investors had pumped in a net sum of Rs 2,965.66 crore on February 11, the second-highest single-day inflow so far this month.
NSE launched trading in individual stock futures in November 2001.
Only 10 per cent of stocks account for 93 per cent of investments.
The country's third largest software firm said on Thursday that it will demerge non-IT businesses like Consumer Care & Lighting into a new company, a move which will allow it to focus exclusively on information technology.
'It is advisable to stay away from the markets for now and buy only on a dip.'
BSE-real-estate, bankex, auto lead gains on BSE.
After a weak opening, shares of the company dropped further by 5.78 per cent to trade at Rs 83 on the Bombay Stock Exchange.
In 2014, the benchmark Sensex rose by 6,328.74 points or 30 per cent and recorded a record high of 28,822.37 on November 28.
