Nov 7, 2011

BSE Derivatives Segment records largest ever turnover: Sensex futures shine

It looks like the incentive scheme is ultimately working at least as of now. Last week on 3rd Novembar 2011, the derivatives segment of BSE recorded largest ever turnover of 759.24 crore (about 1520 crore both sides).
The sensex futures turnover was Rs.625 crore, highest ever since launch of the vastly tracked Indian index.
Total 128 members put trades in derivatives segment. It is noticeable that since last few days, the turnover of BSE derivatives segment has been rising 50-75 crores rupees everyday.
Whiile on the other side the derivatives market leader NSE is way too up. It records average of atleast 1.20 lakh crore volume daily.

Nov 4, 2011

Daily Market Wrap

On the last day of trading this week, the markets closed with moderate gains today and barring oil & gas, all sectoral indices closed positive. The CNX Midcap index was up 0.9% and the BSE Smallcap index gained 0.3%. The market breadth was positive with advances at 817 against declines of 606 on the NSE. Metals was top rising sector today. Other sectors with substantial gains included capital goods and banking and oil & gas was the only sector that closed negative. The Sensex closed at 17563, up 81 points from its previous close, and the Nifty shut shop at 5284, up 18 points. The CNX Midcap index closed with 1% gain while the BSE Smallcap index gained 0.4% in today's trade. The market breadth was positive with advances at 818 against declines of 612 on the NSE. The top Nifty gainers were Ambuja Cements, Hero MotoCorp, Hindalco and Cairn, havells, sun tv, gsk, voltas, shree cement, lanco infra while the biggest losers included Ranbaxy, Tata Power, Reliance Infra, jain irrigation, motherson sumi, crisil and Dr Reddy's. 

The market had a gap up opening on the back of positive cues from the US markets. The mood was somewhat relaxed as Greece dropped the idea of a referendum on bailout package and European Central Bank unexpectedly lowered interest rates to 0.25% at 1.25%. After touching the intraday high the market witnessed some profit booking which result in Sensex slipping down briefly into negative terrotory . Reliance witnessed cut of around 1% during the afternoon session even as few FMCG and auto stocks too slipped under pressure. Positive openings in European market enabled the market to bounce back from the lows and end the day on a positive note. Midcap and small cap stocks outperformed the front liners. 

Nov 3, 2011

Daily Market Wrap

Today markets witnessed a volatile day comprising movements of both up and downs where market risen into green then again falling back before ultimately giving close in the green. The BSE-30 Sensex index and NSE-50 Nifty index closed day green about 0.10% gain at 17484.93 and 5265.75 respectively, while the nifty future (largest trading instrument after nifty options) closed day with 0.56% at 5309.90 showing a huge premium of
44.15, indicating increased and sustained bullish undertone in the futures contract.

Nifty future was trading in tight range after it made fresh low of 5,221.15 around 1 pm in the noon. however then onwards nf traded about 5240-50 till ultimately started rising in the last 1 hour of the trade after 02.30 pm. 
Amongst the indices realty, power, oil and gas, and capital goods stock outperformed most other sectors. There was mixed trading in banking stocks. BSE Smallcap index closed flat while Midcap index closed with half percetage gain. The market breadth (advance-decline ratio) remained negative with 752 stocks declining against 653 stocks rising.  
Amongst the frontline gainerss Reliance infra, Acc, Dlf, Bhel, PFC, Sun tv, jsw steel, while indiabulls financial services, jp infra, crisil, and sail. HUL, Tata motors lost.

Nov 1, 2011

Renowned Economist Nauriel Roubini warns Lehman-type scenario out of European debt crisis

Eminent international economist NAURIEL ROUBINI who has so far been most accurate economic forecaster than most of others, has recently warned on 2008-Lehman-type credit crisis scenario and slowing-trend in growth of world’s major developed economies as well as China’s.
He also warned of Euro currency falling apart and Greece to be the first amongst those leaving eurozone monetary union.
On China, he said there is going to be hard-lending and following slower growth or no incremental growth which will have effect on world economy as china is now a growth engine for world in many ways.

Read the full article below,


Posted on Tuesday, November 01, 2011 | Categories: