Sunday, December 16, 2012

bse closing status on 14/12/2012

The Nifty opened three points higher at 5,934 and the Sensex resumed trade at 19,515, up 28 points over 

its previous close. Gains in auto, metal, consumer durables and capital goods stocks led the benchmarks to 

their intraday highs in early trade. At the highs, the Nifty rose to 5,950 and the Sensex climbed to 19,562.

Wednesday, December 5, 2012

Indian stock markets advanced Wednesday

Indian stock markets advanced Wednesday ahead of the outcome of the crucial vote on the government's decision to allow foreign direct investment in multi-brand retail.
A man walks past the Bombay Stock Exchange (BSE) building in Mumbai September 21, 2010.
The 30-share BSE Sensex gained 0.38 percent or 77.50 points to 19,425.62 and the 50-share NSE Nifty rose 0.31 percent or 18.00 points to 5,907.35, the highest level in more than 19 months.
Markets opened on a positive note, tracking firm Asian cues after data showed that China's service activity expanded in November but at a slower pace compared to that in the previous month. The HSBC Services Purchasing Managers’ Index (PMI), a measure of the nationwide service activity, rose to 52.1 in November compared to 53.5 in October.
However, the upward move was limited as investors opted for caution ahead of the crucial vote in the parliament on whether to allow 51 percent foreign investment in the retail sector. While the ruling Congress party favours the move, some of its coalition partners in the central government have already voiced their disagreement.

Markets gain on hopes of FDI in retail

Markets ended higher on Wednesday amid hopes that the UPA-led government has the required majority to win the vote in Parliament on FDI in multi-brand retail later today.

The 30-share Sensex provisionally ended up 60 points at 19,408 and the 50-share Nifty ended up 18 points at 5,907. 

US STOCKS-Futures up as China fuels growth hopes; data on tap

NEW YORK, Dec 5 (Reuters) - U.S. stock index futures rose on Wednesday after comments from China's new leader boosted global growth expectations.
* Chinese Communist Party chief Xi Jinping said the country would maintain its fine-tuning of economic policies in 2013 to ensure stable economic growth. That sparked a rally in Chinese shares, with the Shanghai Composite Index surging 2.9 percent.
* Among his key priorities, Xi listed tax reform, urbanization and allowing the market to play a bigger role in setting resource prices.
* On the domestic front, investors awaited ADP's November employment report, due at 8:15 a.m. ET (1315 GMT). Economists in a Reuters survey expect 125,000 jobs were created versus 158,000 in October.
* Other data due include factory orders and ISM's November non-manufacturing index, both at 10:00 a.m. ET (1500 GMT).

Chitra Ramakrishna to be new CEO & MD of NSE

MUMBAI: Leading bourse NSE today said Chitra Ramakrishna will become its Managing Director and CEO with effect from April 1, 2013, while its current chief Ravi Narain will assume the role of Vice-Chairman in a non-executive role.
At a meeting held here today, the board of National Stock Exchange (NSE) decided that Ramkrishna, currently Joint MD of the bourse, will take charge as MD and CEO with effect from April 1, 2013 for a period of five years.