| Friday, May 26, 2006 |
| Sensex gains 143 points |
The markets closed in the positive terrain on the last of the week due to sustained buying seen in index pivotals.
The Sensex closed with the gain of nearly 1.34% or 143 points at 10,809 and the Nifty was up more than 1% at 3,209.
The BSE Small Cap rose by 2.6% & the BSE Midacp was up over 2.47%. All the BSE sectoral indices closed in green.
The BSE Metal index advanced 3.54% to close at 8,919.78. Stocks like Guj NRE Coke, JSW Steel, SAIL, Jindal Stainless, Hind Zinc and Tata Steel gained.
Stocks likes Titan Industries, Su-Raj Diamonds, Whirlpool, Blue Star and Samtel Color surged. The consumer durables index closed at 3,076.85 up 2.97%
The capital goods index rose 2.3% to close at 7,535.89. Stocks like Alstom Projects, Lakshmi Machine, SKF India, Bharat Electronics and Siemens witnessed buying interest.
The FMCG index rose 1.91% and close at 2,027.58. Stocks like Dabur India, Tata Tea, Britannia, Nirma and HLL moved up.
The health care index was up 1.74% at 3,502.68. Stocks like Aurobindo Pharma, Cipla, Divis Labs, Lupin, Orchid Chemical and Wockhardt soared.
The NSE cash turnover stood at Rs 7145.92 crore (Rs 71.45 billion) and the NSE F&O turnover was Rs 23408.32 crore (Rs 234.08 billion).
The BSE cash turnover stood at Rs 3158.35 crore (Rs 31.58 billion). The total market turnover was at Rs 33712.59 crore (Rs 337.12 billion) versus Rs 56867.82 crore (Rs 568.67 billion) on Thursday.
Tags: sensex|nifty|stock market news
stock market news | sensex |
posted by Stock & Shares @ 4:48 PM  |
|
|
|
| Tuesday, May 23, 2006 |
| Sensex up by 341 points |
The market witnessed stability in trade on Tuesday after a historic free-fall on Monady's trading session.
The 30-share benchmark index closed 341.01 points up at 10,822.78 in a highly volatile trading session as broad based buying intensified.
The NSE Nifty rose 118.00 points to close at 3,199.35 after it hit a 139.7 point high at 3,221.05.
Among the Sensex stocks, 28 moved higher while only 3 of them declined.
Tags: sensex|nifty|stock market news |
| posted by Stock & Shares @ 5:40 AM |
|
|
|
| Monday, May 22, 2006 |
| IPO: Prime Focus Ltd |
Company Name : Prime Focus Ltd
Type of Issue : Book Built
Issue Opens : 25 May, 2006
Issue Closes : 31 May, 2006
Issue Size : 2,000,000 (No. of Shares)
Lower Price Band (Rs): 450
Upper Price Band (Rs): 500
Total Size (Rs) : 100 Crores
Registrar to the Issue : Intime Spectrum Registry Ltd
Managers to the Issue: ICICI Brokerage Services Ltd & Centrum Capital Ltd
Company Details:
URL : http://www.primefocus.co.in
Address : Anand Kunj, North Avenue, Linking Road, Santacruz (W), Mumbai - 400054
Email : ipo@primefocus.co.in
Contact Details : 912266925000 /912266976310 (fax)
ipo|sensex|prime focus ltd ipo |
| posted by Stock & Shares @ 7:47 AM |
|
|
|
| Friday, May 19, 2006 |
| Smart strategies for unpredictable markets |
The moment equity markets turn volatile, it causes anxiety and in some cases, even sleepless nights. No wonder, many investors abandon a carefully designed investment strategy in a knee-jerk reaction and pay the price for it. Obviously, it is not a smart thing to do.
The key is to recognise that volatility exists in the market place and will remain so. After all, volatility is a statistical measure of the tendency of the markets to rise and fall.
While volatility can be described as a natural phenomenon, there is a need for investors to develop ways to deal with it. In reality, different people react differently to market volatility. While a seasoned investor may take volatility in his stride, a novice investor will be tempted to pull out of the market completely.
Someone who has spent time in the stock market would know that it is quite normal for the stock market to go up and down in certain time periods.
For those who are not familiar with equity markets, it is important to put volatility in perspective. The fact of the matter is that irrespective of the instrument that you invest in, you still have to contend with volatility. Even if you are a conservative investor and have been investing in traditional instruments, you still have to tackle interest rate fluctuations.
As mentioned earlier, all of us need to develop ways to deal with volatility. Let us analyze various strategies for both existing, as well as new investors to handle volatility.
Strategies For Existing Investors:
In a volatile market, an existing investor might be tempted to think that the best course of action would be to try and anticipate the market movements and move his investments accordingly. It is a proven fact that even experts find it difficult to achieve this.
Therefore, the best way is a market timing and adopt a disciplined approach to equity investing.
For those who invest through a well-defined financial plan, the best way to handle volatility is to stay away from it altogether. In other words, the best option for such investors would be to ignore short-term volatility. The main advantage of remaining invested is that one minimizes one's chances of missing out on the sudden rallies in the market.
In a frequently volatile market, it helps to diversify. Diversification not only reduces risk but also helps in optimizing returns on a risk-adjusted basis. For those investing in equity directly, mutual funds can help achieve the level of diversification not possible to achieve through direct investment in equities alone.
For those who are already invested in mutual funds, it is necessary to make sure that your funds from different fund families do not hold the same stocks. If they do, it will have impact on the level of diversification that you achieve through them. Also a heavy concentration in a specific category of funds, sectors, segment and a particular fund house.
Another important strategy is to rebalance your portfolio periodically. Rebalancing is a disciplined method of maintaining proper allocation to each asset class in your portfolio. Over a period of time, the mix of assets in your portfolio may become inconsistent with your original asset allocation. Rebalancing the portfolio in a planned manner makes your portfolio less prone to volatility.
Strategies For New Investors:
First of all, it is important for a new investor to understand that market volatility is quite normal. However, volatility is an unpleasant realty of the marketplace that deters most investors from investing in the stock market. Fortunately, there are strategies, if followed properly that can help in more than one ways.
One such strategy is to invest on a regular basis. Mutual funds offer Systematic Investment Plan (SIP). SIP means making periodic investments of the same amount of money in an equity fund regardless whether the stock market is declining or ascending. The idea behind this strategy is that by investing the same amount each month over a period of time, you do not have to worry about right time or the wrong time to invest.
Besides, this cuts down on the risk that you normally face when you end up investing a lump sum amount at market highs, as it is very difficult to predict the movement of the market in the short-term. In other words, SIP can be a good way to protect yourself from a volatile market.
Another recommended strategy is to diversify. For a new investor, it is important to know that even when the market as a whole rises or falls, not every scrip in the portfolio follows suit. In other words, by diversifying within an asset class, you become less vulnerable to volatility in a particular sector or a segment.
The best way to achieve this is by investing through mutual funds. The best thing about mutual funds is that not only are they diversified by nature, they also make it possible to diversify across different types of funds. It is also important to have a long-term investment horizon to handle volatility.
Remember the longer your time horizon, the less your risk. Therefore, if you do not need the money, you can wait for the markets to recover. At the same time, becoming overly optimistic when the markets are good can be as detrimental as worrying too much during the bad times.
Therefore, it will not be wrong to say that the right approach to handle all kinds of markets, especially a volatile one, is to remain focused on your investment plan and objectives.
The author Hemant Rustagi is CEO, Wiseinvest Advisors Pvt. Ltd. |
| posted by Stock & Shares @ 5:57 PM |
|
|
|
| Thursday, May 18, 2006 |
| Sensex biggest drop ever, down by 826 points |
The markets closed with sharp correction taking cues from Dow, Asian and other emerging markets. The Sensex closed at 11,391 down 826 points, which is the highest ever absolute fall for the Sensex. The NSE Nifty closed with a loss of 246 points at 3,389.
According to experts, one of the reasons for such a fall is that the US CPI numbers came on Wednesday and were worse than expectations, which could further initiate a hike in Fed rates.
On the domestic front, triggering of margin calls caused spiraling, which led to across the board selling.
Although the fall has been very steep on Thursday, but the fall in the Indian market in the last one week has been lesser as compared with a fall in the other emerging markets like Brazil, Russia and Mexico.
The BSE midcap index was down 6.4% at 5,891.12 and the BSE Smallcap was down 6.44% at 7,617.20.
The overall market breadth was negative, about 262 shares have advanced, 2216 shares declined, and 29 shares are unchanged.
All the Sensex and Nifty stocks closed in the negative terrain. All the BSE indices closed in red.
The NSE cash turnover was Rs 10565.45 crore. The NSE F&O turnover stood at Rs 44907.2 crore. The BSE cash turnover stood at Rs 4844.82 crore.
The BSE oil & gas index was down 7% at 5,557.86. The major losers were MRPL, Petronet LNG, Reliance, ONGC and GAIL.
The FMCG index was down 6.4% at 2,125.74. Stocks including Shaw Wallace, Dabur India, Colgate, Tata Tea and ITC were among the major losers.
Tags: sensex|nifty|stock market news |
| posted by Stock & Shares @ 6:38 AM |
|
|
|
| Wednesday, May 17, 2006 |
| Sensex up by 344 points |
The Sensex continued its rise throughout the day on Wednesday and finally closed 344 points up at 12,218.
The NSE Nifty too soared by 118 points to close at 3641.
Tata Steel has soared 6.6% to Rs 611. ITC has zoomed over 5% to Rs 204.
ONGC has surged 6% to Rs 1,444, and Reliance has added 4.2% to Rs 1,087.
Hero Honda and Bajaj Auto have zoomed around 5% each to Rs 892 and Rs 3,272, respectively. Tata Motors has rallied 4% to Rs 967. SBI has advanced 4.8% to Rs 968. Bharti Tele has soared 3.8% to Rs 418, and Satyam has spurted 3.5% to Rs 772.
Cipla has shed 1.6% to Rs 259. HDFC Bank is down 1% at Rs 838. Out of 2,595 stocks traded so far, 2,082 have advanced, 476 have declined and 37 are unchanged. |
| posted by Stock & Shares @ 4:01 PM |
|
|
|
| Monday, May 15, 2006 |
| IPO: Deccan Aviation Ltd |
Company Name : Deccan Aviation Ltd
Type of Issue : Book Built
Issue Opens : 18 May, 2006
Issue Closes : 23 May, 2006
Issue Size : 24,546,000 (No. of Shares)
Lower Price Band (Rs): 150
Upper Price Band (Rs): 175
Total Size (Rs) : 430 Crores
Registrar to the Issue : Karvy Computershare Pvt Ltd
Managers to the Issue: Enam Financial Consultants Pvt Ltd & ICICI Securities Ltd
Company Details:
URL : http://www.airdeccan.net
Address : 35/2.Cunningham Road, Bangalore - 560 052, Karnataka, India
Email : investors@airdeccan.net
Contact Details : 918041148190 /918041148199 /918041148849 (fax)
ISSUE Description
The above price band is indicative
the final price band shall come 2 days before the FPO opens for subscribtion.
ipo|sensex|deccan aviation ltd ipo |
| posted by Stock & Shares @ 7:28 AM |
|
|
|
|
| Sensex down by 463 points today |
The 30-benchmark index closed 462.91 points down at 11,822.20 after crashing by over 514 points at 11,770.76 at pre-closing on Monday on heavy selling by funds and other market participants in bluechip stocks.
Hindalco was the biggest loser of the day. Hindalco plunged 13.34% at Rs 210.15
The NSE Nifty closed 147.10 points at 3,502.95 after it plunged 167.20 points at 3482.85. It opened with 1.05 points up at 3,651.00.
This is the biggest ever fall for the Nifty in its history.
Tags: sensex|nifty|stock market news |
| posted by Stock & Shares @ 7:24 AM |
|
|
|
| Friday, May 12, 2006 |
| DLF files draft for largest-ever IPO |
Real estate major DLF Universal on Friday filed its draft prospectus with the Securities and Exchange Board of India for its approval to enter the capital market with an initial public offering to raise over Rs 11,000 crore (Rs 110 billion), making it the largest ever IPO in the country.
DLF would be offering 20.2 crore (202 million) equity shares of Rs 2 each for cash at a premium to be decided through the 100 per cent book building process, the company said in a statement in New Delhi.
The issue shall constitute about 12.77 per cent of the fully diluted post-issue capital of the company.
According to market sources, after the IPO, K P Singh, promoter of DLF Group, would become the richest Indian in the world whose market cap would be among the top three companies.
Tags: sensex|nifty|stock market news |
| posted by Stock & Shares @ 1:56 PM |
|
|
|
| Wednesday, May 10, 2006 |
| Sensex at a new high of 12612 points |
Sustained buying in blue-chip shares, led by oil majors ONGC and Reliance Industries (RIL), added further strength to the stock market with the sensex hitting a new high for the ninth day in a row on Wednesday.
The Sensex opened with a positive gap of 33 points at 12,547. The index slipped a bit to touch a low of 12,531, but soon shot back to zoom past the 12,600-mark.
Steady buying, thereafter, saw the index rally to a new all-time intra-day high of 12,624. Intra-day profit booking saw the index slip towards the day's open and then bounce back to end with a gain of 99 points at 12,612.
The BSE Metal index jumped 243 points, or 2.2%, to end at 11,239. Hindalco spurted 4.3% to Rs 239, while steel major Tata Steel rose 1.2% to Rs 668. Sail, Nalco, Sterlite Industries and Jindal Steel also gained substantial ground. Overall, the market breadth remained positive.
Tags: sensex|nifty|stock market news |
| posted by Stock & Shares @ 5:01 PM |
|
|
|
|
