Wednesday, January 23, 2008

Bombay Stock Exchange Update (BSE) Indian shares move up on Fed rate cut amid volatility

Amid high volatility, Indian shares moved up Wednesday after opening higher as the US Federal Reserve stepped in to cushion the global financial crisis with a cut in interest rates, triggering positive reactions in stock markets across the globe.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened higher at 17,415.26 points, with a gain of 685.32 points, over the previous day's close at 16,729.94 points.
By noon, the index was ruling at 17,311.97 points, with a gain of 582.03 points, or 3.48 percent, data with the bourse showed. All sector-specific indices were also ruling higher.

But lingering uncertainty over possible recession in the US saw the key index fluctuate wildly in a broad range of 725.57 points as investors tried to book profits at every small rise, analysts said.
Considering Tuesday's close, the peak of 17,676.60 points reached minutes after commencement of trading meant a rise of 946.66 points.
The sector-specific index for realty stocks led the upswing, followed by those for oil and gas, power, metals, state-run units, banking, consumer goods and automobiles.
Among specific stocks, Bharat Heavy Electricals Ltd was up 9.06 percent, NTPC was up 8.08 percent, Reliance Communications gained 6.92 percent, Hindustan Aluminium was up 6.72 percent and Reliance Energy rose 6.32 percent.
Ranbaxy Laboratories, Satyam Computers, Housing Development Finance Corp, Reliance Industries, Tata Consultancy, Associate Cement, Mahindra and Mahindra also made moderate gains.
Monday and Tuesday saw the barometer plummet 1,408.35 points, or 7.41 percent, and 875.41 points, or 4.97 percent, on account of panic selling, in line with the movements across the globe from Tokyo to New York.
The authorities at the Mumbai bourse had to suspend trading for an hour Tuesday, as Sensex fell below the circuit breaker level, before a pep talk from Finance Minister P. Chidambaram on the fundamentally strong Indian economy helped ease the losses.
Investors had lost $170 billion Monday in terms of market capitalisation, with another $95 billion shaved off the valuations the next day as scrip after scrip lost ground on account of panic selling.
Stung by fears of a possible recession, The US Federal Reserve had delivered a surprise interest rate cut of 75 basis points early Tuesday, which shored up market confidence across the globe, including India.
Indo-Asian News Service

27 comments:

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  2. Dear Visitors,

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    and NSE. Full form of BSE is Bombay stock exchange covering SENSEX
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    Now a days USA is facing recession which is affecting world market and
    recently we have witnessed major fall in Nifty and Sensex.

    In this fall many investors were trapped and loosed around 50% to 70%
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  4. Dear Visitors,

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  5. Dear Visitors, This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster. Currently something is cooking in the Indian stock market, We know it but unfortunately we cant disclose the reason so openly. We strongly suggest everyone not to take any long position at these levels. We will see Pullback in the market very soon but that will be a fake one so don’t consider pullback as opportunity to go Long in market( Delivery based). As after that initial pullback we can see fall once again. As mentioned cant disclose it still giving minor hint see call and put section and think why you are not able to access few options and check December part and think who are the people behind it?? We suggest wait for falls to take delivery till then prefer only intraday else you will find yourself out of BSE and NSE one fine day. For any query feel free to contact us. Regards SHARETIPSINFO TEAM +91- 9891655316 +91- 9899056796 +91 - 9891890425

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  7. Hi,

    5 days of rally in Indian stock market recommendation and again a crash. One day gap up opening next day just mirror reflection of it (Gap down). All points gained by nifty whipping out. Investors was thinking that they should reenter in the market and can take long positions but just see what happened. These kind of movement are called traps. Still we are expecting more short covering to come in 2-3 days.

    But do remember overall market mood is bearish throughout the year. So invest money but for short term not for medium to long term. You will get much better opportunities to do so at more lower levels.

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  10. Dear visitors,

    Recent global melt over is causing problems worldwide. We have witnessed major downfall in NIFTY and in SENSEX. In just two days Nifty crashed like house of sand. There are rumors that Nifty will see lower circuit and all, still we strongly suggest all that
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  13. This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post
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    Now as such we have seen in past few trading sessions that Market has become volatile and also there were also most of the stocks are available in discounts which means that the right time has come whne one can invest in this Indian Stock Market with handsome gain in over a period of time along with that one can also opt for doing Intrading Trading now days as stock specific movement is there.

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  16. Hi,
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  17. This blog is novice and informative,visitors will surely be benefitted,Its our pleasure to post Informative content on this useful blog created by webmaster.


    Now as such we have seen in past few trading sessions that Market has become volatile and also there were also most of the stocks are available in discounts which means that the right time has come when one can invest in this Indian Stock Market with handsome gain in over a period of time along with that one can also opt for doing Intrading Trading now days as stock specific movement is there.

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  18. Hi,

    Once again after crash Nifty has started going up. Now we suggest all rises should be used as an opportunity to exit old long positions.
    This bull run will continue for few more days. Overall market is in bearish mood as in medium term its just a small rally due to short covering
    and result season.


    Happy Trading,

    ShareGyan

    ReplyDelete
  19. Hi,

    Indian stock market is one of the most volatile market. Its two main stock exchanges are NSEand BSE. Both exchanges generally follow same trend.

    NSE and BSE offers platform for investment in Indian stock market. In India there are many traders who prefer NSE over BSE as they consider BSE
    as more volatile exchange but truth is that all exchanges be it NSE, BSE or LSE are volatile and should not be considered as a place for speculation.
    One should strictly follow technical analyses if they want to earn regularly from any stock market.

    Please remember analyses of stock market be it technical or fundamental do help!!

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  20. Stocks extended gains Wednesday in line with Asian peers. Strong gains in high-beta sectors like capital goods and metals led the up move.

    Bombay Stock Exchange’s Sensex was at 13979, www puntercalls com higher by 125 points while National Stock Exchange’s Nifty rose 78 points to 4052.45.

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  22. Stock market is a place where people can earn money and can loose quick money. Still if we see on the positive side many investors have changed there fortune just by investing money in the stock market. Now the question is how come one can earn money from stock market?

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  23. Dear Visitor,
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    Nifty is on its peak now and is turning volatile. Investors are suggested to book long delivery positions soon. As after some more upmove we can see profit booking in the market soon. Investors are suggested to grab quality stocks at lower level again.

    ReplyDelete
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  27. Nice blog would like to add that NSE and BSE are one of the most superior stock exchanges of India. If you wish to earn good money from the share market then you need to understand the functionality of the stock market properly.

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    ReplyDelete

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