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BSE (Bombay Stock Exchange) - Printable Version
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BSE (Bombay Stock Exchange) - Guest - 05-15-2006

<b>Sensex registers third largest fall</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The fall, the third largest in the history of the Bombay Stock Exchange, took the market bellwether to a one month low of 11,822.20 points and evoked memories of "black Monday".

The Sensex had registered the <b>biggest ever fall of 570 points on April 28, 1992</b>, which happened to be a Monday. It fell by<b> 565 points, its second biggest fall, on May 17, 2004, also on a Monday</b>.

The 30-share Sensitive Index (Sensex) crumpled to the day's low of 11,770.76 before ending the day at 11,822.20 from Friday's close of 12,285.11, a fall of 462.91 points or 3.77 per cent.

The index has adjusted to a <b>downward correction by a huge 790 points in the three consecutive trading sessions</b>.

The National Stock Exchange's (NSE) S&P CNX Nifty also nose-dived by 147.10 points or 4.03 per cent to close at 3,502.95 from last weekend's close of 3,650.05
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BSE (Bombay Stock Exchange) - Guest - 05-18-2006

<b>Sensex opens weak, plunges by 542 points </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->In high volatility, the index fluctuated wildly within a range of 12,163.98 and 11,675.79 as Foreign Institutional Investors (FIIs) continued to pull out from equity.

The Sensex, which had fallen to a low of 11,675.79 at 10.05 am, later recovered modestly and was quoted at 11,719.73 at 10.30 am, still down by a huge 498.08 points from Wednesday's close of 12,217.81.

The National Stock Exchange's Nifty also tumbled by 120 points or 3.3 per cent to 3,515.10 at 10.30 am from previous close of 3,635.10.

All 30 Sensex scrips and 59 Nifty counters were quoted sharply down during the first thirty minutes of trading.

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BSE (Bombay Stock Exchange) - Guest - 05-19-2006

<b>Bloodbath in stock market as Sensex sees historic fall</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The 'Tragic Thursday' surpasses all previous record falls of over 560 points in May 2004 and April 1992. The index on Thursday settled at 11,391.43, down by 6.76 per cent from last close.

While the loss was initially confined to 600 points, Tata Steel's below-than-expected quarterly earnings dealt a severe blow pushing the index down to the day's low of 11,330.45 - <b>registering an intra-day fall of 887 points</b>.

An unperturbed Finance Minister P Chidambaram declined to comment on the cataclysmic fall, saying "everyday movement in the stock markets does not require a comment." Two days ago, he had termed the 462-point fall as a "technical correction".
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Who is behind? Same happened during Rao rule.



BSE (Bombay Stock Exchange) - Guest - 05-19-2006

<b>Sensex sees ebb and flow, FIIs press panic button</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Stock markets continued to bleed for the second successive day on Friday, losing another 452 points on top of Thursday's mayhem as investors lost at least Rs 300,000 crore due to panic selling since Thursday.

<b>After a plunge of 826 points, the biggest fall in the history of the market on Thursday, the market vacillated from one end to the other but closed the day lower with the Sensex shedding about 1,300 points (11 per cent) in two days, </b>virtually showing no positive effect in the wake of Finance Minister P Chidambaram's clarification on taxing FIIs.

<b>The situation was further compounded by the demand for long-term capital gains raised by ruling UPA's ally CPI(M).</b>
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BSE (Bombay Stock Exchange) - Guest - 05-19-2006

Its a good thing Mudy. The party cant go on forever. I had enough of it when it was at 6K. At 8K I started saying any day now and here it was at 11.. <!--emo&Smile--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo-->


BSE (Bombay Stock Exchange) - Guest - 05-19-2006

I think big scandal is behind this ride and collapse. We will know who is this new "Harshad Mehta".

Why collapse happened after assembly election and after collecting funds for election?

Time to think. <!--emo&Smile--><img src='style_emoticons/<#EMO_DIR#>/smile.gif' border='0' style='vertical-align:middle' alt='smile.gif' /><!--endemo-->


BSE (Bombay Stock Exchange) - Guest - 05-19-2006

There might be something to the timing but in general I think this correction is healthy. Inflated stocks were driving every other part of the economy crazy - esp in Guj/Mumbai where everybody I know was investing in stocks and making money (just on the fond hope that the ride will continue and FIIs will keep on dumping money).

My personal take - 8K has good support and after that 6K.


BSE (Bombay Stock Exchange) - Guest - 06-10-2006

<b>Sensex rebounds 515 pts on support from funds</b>

MUMBAI: Stock market investors who were getting used to looking southward day after day for almost a month now, was treated to a surprise on Friday.

After crashing over 1,150 points in four consecutive sessions this week, the BSE sensex made a grand reversal during the day and closed a record 515 points higher at 9,810.

Backed by strong buying by foreign as well as domestic funds, and some late short covering, the index recorded its biggest singe-day gain ever on Friday. The rally led to a Rs 1.7 lakh crore addition to investors' wealth with BSE's market capitalisation now at Rs 25.2 lakh crore: also an all-time record.

Although the day's record breaking rally has brought some much needed relief to the battered investor sentiment, market players nonetheless are advising caution.

"It's early days and so pre-mature to say that we have seen the bottom,"said Manish Kanchan, CEO, Ambit Capital. Agrees Ambareesh Baliga, V-P, PCG, Karvy Stock Broking.

"We have moved from over exuberance to desperation (to get out) in a very short span of time. We still have some cautious days ahead,"Baliga said.

From a high of 12,671 on May 11, the sensex was down to this year's lows on Thursday and then came Friday's record upswing.

For investors, the crash till Thursday meant a loss of nearly Rs 11 lakh crore in less than a month. The recent crash has also forced most of the speculators out of the market inflicting heavy trading losses.

It has also brought down derivative positions built with borrowed money to negligible levels, market players said.

FIIs and some local funds bought some respite for investors before the weekend.

While value buying at bitten down prices by these two influential investor groups led to the 515-point sensex rally on Friday, some end-of-the-day short covering by speculators too helped the index gain some extra points towards close of session, market players said.

Last month it were the FIIs who started taking money off the table because they found they could get high risk-free returns in the US compared to risky returns in emerging markets like India, Brazil and others. In June however, the selling was mostly by mutual funds to meet increasing redemption pressure.

Source: IndiaTimes.com

[EDITED - Admin]


BSE (Bombay Stock Exchange) - Guest - 12-12-2006

Bloodbath on Dalal Street
<b>It's Rs 250,000 cr loss in 3 days </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Mumbai, December 12: The stock markets crashed for the second consecutive day on panic-selling by investors, plunging the <b>Sensex below 13,000-mark on a 400 point loss triggered by sluggish growth in industrial production</b>.

There was a virtual bloodbath on the back of Monday's crash due to RBI's decision to hike cash reserve ratio for banks, which wiped off about Rs 250,000 crore of investors' wealth in the last three trading sessions.

In erratic behaviour right from the morning,<b> the Sensex fluctuated and fell 600 points in intra-day trading </b>with heavyweights such as BHEL leading the slide after the government released the industrial output figures. <b>It later recovered to close at 12,995.02, a net fall of 404.41 points</b>.

Industrial production grew by 6.2 per cent in October, the lowest this fiscal, on account of a slowdown in manufacturing sector, especially consumer and capital goods
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Third incidence since this government came into power. Either some bad intentions or UPA unable to control such fall.


BSE (Bombay Stock Exchange) - Guest - 04-09-2007

<!--emo&:argue--><img src='style_emoticons/<#EMO_DIR#>/argue.gif' border='0' style='vertical-align:middle' alt='argue.gif' /><!--endemo--> CHEQUES AND BALANCES Judiciary needs some tips on functioning of the capital market
Sucheta DalalPosted online: Monday, April 09, 2007 at 0000 hrs Print Email
Over the last decade, one of the biggest challenges of securities regulators has been to sensitise the judiciary to the nuances of capital market regulation. We have seen strange judicial orders from appellate tribunals, the higher judiciary, and sometimes even the capital market regulator. The Securities Appellate Tribunal (SAT) had even taken upon itself to decide whether the stigma for wrongdoing should attach to a person indicted for insider trading. There have been innumerable cases where SAT has slashed monetary penalties to meaninglessness without understanding that punitive financial damages are the only real deterrent to financial crime.

And there have been cases when the Securities and Exchange Board of India (Sebi) thoughtlessly ordered the suspension of Depository Participants (DPs) without worrying about the enormous cost and hardship to investors to switch DP accounts — Sebi did not even think it was its job to facilitate the process. The most recent of such orders comes from the Bureau of Industrial and Financial Reconstruction (BIFR), which provided sweeping freedom for the shares of Dunlop India to be listed. What is worse, BIFR actually ordered Sebi as well as every market intermediary with a regulatory function to facilitate the listing without question, giving a go by to disclosure rules and processes that form the basis of a functioning capital market and proper investor protection.

Consider this: BIFR has allowed the company to make a rights issue of Rs 27 crore in the ratio of six shares for every 10 held, without bothering to seek shareholder approval in a general body meeting. The order permits Dunlop to issue 2.7 crore additional shares and also to enhance its authorised capital to Rs 75 crore from Rs 70 crore. It ‘directs’ stock exchanges of Mumbai, Kolkata, Delhi and Chennai to lift the suspension on trading of Dunlop shares immediately (without going into the basis of their suspension since 2003). It also directs the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) to allot an international securities identification number (ISIN) for the company’s entire share capital to enable trading of the newly allotted shares also in dematerialised form.

Armed with the BIFR orders, Dunlop has gone ahead and announced plans to open its rights issue without reference to the market regulator or intimation to the stock exchanges on which the shares will be listed. Many investors say that they have not even received intimation of the Rights Offer, which opened for subscription on 2 April and was set to close on 6 April, which is a bank holiday. Clearly, the company’s new management headed by Pawan Kumar Ruia does not really want existing shareholders to infuse funds for its revival. But since the new shares are being issued at par, the company has a good chance of revival and a well-known brand name, the rights offer is probably attractive to many investors. Why then should the BIFR exempt it from all listing processes?

Meanwhile, Sebi has responded to the investor complaint and asked Dunlop to “consider” extending its offer period by at least 15 days, in order to give shareholders a chance to participate in the issue. We also learn that the regulator plans to file an appeal against the BIFR order. If the order is not stayed, will Dunlop be able to bypass stock exchange and depository rules? Indeed it will; except that bourses and depositories may go-slow on listing processes in order to give the regulator a chance to file an appeal.

It is anybody’s guess which way this case will go and whether Dunlop will actually manage to cut through the rules with the help of a statutory order. But this is neither the first nor the last time that India’s judicial system will fail to understand the financial markets and issue orders based on the petition of only one section of the stakeholders.

For instance, a few years ago, C R Bhansali, whose financial conglomerate had collapsed like a pack of cards in the mid-1990s, had attempted to make a comeback through a similar court order. At that time, a Delhi court had ordered the Reserve Bank of India to waive its regulatory requirements to facilitate the revival of CRB. Naturally, this had the support of CRB’s many stakeholders since it was their only hope of getting their money back. The court issued its orders based on the support of these stakeholders without considering the damage to the financial system. RBI had filed an appeal against the order and, although one does not know what happened to the case, the CRB group has certainly not managed to resurrect itself.

The Haryana-based Vikas WSP is another notorious company that could be in line to follow the Dunlop route. The company has been severely indicted by the Company Law Board on several counts of mismanagement and worse, and its shares are delisted by the bourses since 2001. Yet, a large group of investors headed by a senior army officer (retired) is lobbying hard for its revival and re-listing since the company is making money and they are the only losers in the de-listing process.

The company makes edible gum used in ice creams and the commodity attracts suspiciously high trading volumes on India’s commodity futures bourses. In this case, investors’ anxiety is completely understandable; but is the re-listing of a company, with the same questionable family-owner management the answer? One of these days, this issue too could lead to another strange judicial order.


BSE (Bombay Stock Exchange) - Guest - 10-17-2007

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Markets hit down circuit, Sensex crashes 1700 pts, Nifty down 500  </b>

In what seems to be another Black Wednesday in the making, India’s stock markets crashed heavily at opening on Wednesday. The Bombay Stock Exchange’s Sensex crashed more than 1700 points, while the National Stock Exchange`s Nifty was down more than 500 points. In a move to curb the down circuit, trading has been suspended for one hour. 
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<b> Rupee falls 1 pct on proposed stock curbs
Wednesday October 17, 09:40 AM

India proposes curbs on foreign inflows to shares - Reuters</b>

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->  Atlast the bubble has burst. So, who was responsible for the crash and who benefitted from it?
1. Market manipulators allowing the index to reach the dizzy heights only to cash on it later?
2. FIIs who wants to make some fast buck in crores and thus taking the Indian stock exchange for a ride?
3. Politicians involved in huge buying and selling of shares?
4. Terrorists organizations which are cash crunched found a new route to make quick money in crores of ruppes?

I think everyone is a party to it and a market crash of this magnititue can happen only in India with no stringent norms in place. How good are our SEBI, RBI and our esteem FM to prevent this reoccurrence? None. India is run by stooges.

Did anyone give a thought about thousands of small time investors from the middle class family and what would have happened to their money due to this crash? Who cares is the attitude of our politicans. India will not change and it will be continued to be harassed.
( Posted: Wednesday, October 17, 2007 at 11:14 )       


RAJESH  THERE IS A BUZZ IN MARKET THAT POLITICIANS ARE MANIPULATING SHARE MARKET (ESPECIALLY THE CONGRESS PARTY)..CAN ANY MEDIA DO A DETAILED INTROSPECTION...
( Posted: Wednesday, October 17, 2007 at 11:12 )       


girindra buch  SHARE MARKET HAVE GONE TO CIRCUIT CLOSED OR MAYHEM ALMOST 3 TIMES DURING UPA GOVT RULE..THIS IS HOW IT SHOWS THE THAT THE BEST ECONOMIC / FINANCIAL PEOPLE IN INDIA ARE NOT ABLE TO DELIVER WHEN ITS REQUIRED...PRIME MINISTER, FINANCE MINISTER, PLANNING COMMISSION SHOULD ALL RESIGN...SMALL INVESTORS ARE ALWAYS BUTHCHERED....WITHOUT MERCY.... 
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BSE (Bombay Stock Exchange) - Guest - 01-21-2008

<b>Sensex tumbles; Govt blames global risks, says Indian economy fine</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Stock market benchmark Sensex on Monday nosedived 1,408.35 points, its biggest single-day loss, as bourses across Asia as well as Europe went into a tailspin on fears of a possible recession in the US economy.

The downslide for the sixth straight day prompted government to caution investors against market rumours, while blaming global uncertainties for the fall.

"Orderly growth of the capital market is a priority of the government. I want to assure the citizens of India that sustained growth of the market is a priority," Prime Minister Manmohan Singh told reporters in the evening. Fundamentals of the Indian economy remain strong, he said in New Delhi
..............<!--QuoteEnd--><!--QuoteEEnd-->


BSE (Bombay Stock Exchange) - Guest - 01-21-2008

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Here are the 10 biggest falls in the Indian stock market history: </b>

<b>Jan 21, 2008: </b>The Sensex saw its highest ever loss of 1,408 points at the end of the session on Monday.  The Sensex recovered to close at 17,605.40 after it tumbled to the day's low of 16,963.96, on high volatility as investors panicked following weak global cues amid fears of the US recession.

<b>May 18, 2006:</b> The Sensex registered a fall of 826 points (6.76 per cent) to close at 11,391, following heavy selling by FIIs, retail investors and a weakness in global markets. The Nifty crashed by 496.50 points (8.70%) points to close at 5,208.80 points.

<b>December 17, 2007: </b> A heavy bout of selling in the late noon deals saw the index plunge to a low of 19,177 - down 856 points from the day's open. The Sensex finally ended with a huge loss of 769 points (3.8%) at 19,261. The NSE Nifty ended at 5,777, down 271 points.

<b>October 18, 2007:</b> Profit-taking in noon trades saw the index pare gains and slip into negative zone. The intensity of selling increased towards the closing bell, and the index tumbled all the way to a low of 17,771 - down 1,428 points from the day's high. The Sensex finally ended with a hefty loss of 717 points (3.8%) at 17,998.  The Nifty lost 208 points to close at 5,351.

<b>January 18, 2008:</b> Unabated selling in the last one hour of trade saw the index tumble to a low of 18,930 - down 786 points from the day's high. The Sensex finally ended with a hefty loss of 687 points (3.5%)  at 19,014. The index thus shed 8.7% (1,813 points) during the week. The NSE Nifty plunged 3.5% (208 points) to 5,705. 

<b>November 21, 2007: </b> Mirroring weakness in other Asian markets, the Sensex saw relentless selling. The index tumbled to a low of 18,515 - down 766 points from the previous close. The Sensex finally ended with a loss of 678 points at 18,603.  The Nifty lost 220 points to close at 5,561.

<b>August 16, 2007:</b> The Sensex, after languishing over 500 points lower for most of the trading sesion, slipped again towards the close to a low of 14,345. The index finally ended with a hefty loss of 643 points at 14,358.

<b>April 02, 2007: </b>The Sensex opened with a huge negative gap of 260 points at 12,812 following the Reserve Bank of India [Get Quote] decision to hike the cash reserve ratio and repo rate.  Unabated selling, mainly in auto and banking stocks, saw the index drift to lower levels as the day progressed. The index tumbled to a low of 12,426 before finally settling with a hefty loss of 617 points (4.7%) at 12,455.

<b>August 01, 2007:</b> The Sensex opened with a negative gap of 207 points at 15,344 amid weak trends in the global market and slipped deeper into the red. Unabated selling across-the-board saw the index tumble to a low of 14,911. The Sensex finally ended with a hefty loss of 615 points at 14,936. The NSE Nifty ended at 4,346, down 183 points. This is the third biggest loss in absolute terms for the index.

<b>April 28, 1992:</b> The Sensex registered a fall of 570 points (12.77 per cent) to close at 3,870, following the coming to light of the Harshad Mehta securities scam.
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All happened when either Moron SIngh was PM or FM. Chitambaram and MMS are giving awards to each other for good work. <!--emo&:blow--><img src='style_emoticons/<#EMO_DIR#>/blow.gif' border='0' style='vertical-align:middle' alt='blow.gif' /><!--endemo-->


BSE (Bombay Stock Exchange) - Guest - 01-21-2008

<!--QuoteBegin-Mudy+Jan 21 2008, 11:23 AM-->QUOTE(Mudy @ Jan 21 2008, 11:23 AM)<!--QuoteEBegin-->Chitambaram and MMS are giving awards to each other for good work.   <!--emo&:blow--><img src='style_emoticons/<#EMO_DIR#>/blow.gif' border='0' style='vertical-align:middle' alt='blow.gif' /><!--endemo-->
[right][snapback]77375[/snapback][/right]
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P Chidambaram chosen CNN-IBN Indian of the Year - Politics
Their timing is pretty good I should say.


BSE (Bombay Stock Exchange) - Guest - 01-22-2008

Timing is not only perfect but they are just shameless idiots.
This UPA is public fools and they don't get it.
Even fools have some diginity but these UPA morons are just rotten crap.
We should start our own award list. <!--emo&Big Grin--><img src='style_emoticons/<#EMO_DIR#>/biggrin.gif' border='0' style='vertical-align:middle' alt='biggrin.gif' /><!--endemo-->


BSE (Bombay Stock Exchange) - Guest - 01-22-2008

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>सेंसेक्स मुंह के बल गिरा, कारोबार रुका</b> Jan 22, 10:14 am

मुंबई। बंबई शेयर बाजार में मंगलवार को <b>सेंसेक्स में जबरदस्त गिरावट की वजह से कारोबार को एक घंटे के लिए रोक दिया गया। शुरुआती कारोबार के दौरान सेंसेक्स 10 प्रतिशत की सर्किट सीमा लांघते हुए 15,576.30 अंक पर पहुंच गया।</b>

सोमवार को अमेरिकी अर्थव्यवस्था में आ रही मंदी की वजह से तीस शेयरों पर आधारित सेंसेक्स 1,408 अंक गिर गया। बाजार 16,884.09 अंक पर खुला, कारोबार को रोकने के बाद सेंसेक्स 15,576.30 अंक पर था। कमोबेश इसी तरह का रुख नेशनल स्टाक एक्सचेंज में भी देखा गया। निफ्टी 5,203.35 अंक पर खुला और बाद में गिरकर 4,569.50 अंक पर पहुंच गया।
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BSE (Bombay Stock Exchange) - Guest - 01-22-2008

<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Investors lose Rs 6 trillion within minutes </b>
Tue, Jan 22 11:39 AM

Investors on Tuesday lost over Rs 6 trillion within minutes of opening of the Bombay Stock Exchange, which was immediately suspended for an hour after the 30-share barometer index, Sensex, hit the circuit limit of 10 per cent.

This loss of Rs 6,54,887.85 crore comes on top of over Rs 11 trillion loss suffered by investors on the Dalal Street in the last six days.

"Small investors should stay away from the markets as of now. Let the market normalise and the volatility reduce," said domestic brokerage firm SMC Global Vice President Rajesh Jain.

"Better to out when in doubt" he said, adding that there is too much of panic in the markets and it is better to stay away from it.
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BSE (Bombay Stock Exchange) - Guest - 01-22-2008

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Tue, Jan 22 11:33 AM

The rupee recovers slightly in tandem with local stocks after falling to a 2-month low on Tuesday, tracking the stock market which fell 11.5 percent in opening deals, with dollar selling by exporters offering support.

<b>* At 11:15 a.m. rupee at 39.665/675 per dollar, weaker than the previous finish of 39.555/56, but climbing from an intraday low of 39.78, its weakest since late November.</b>

* Indian shares pared opening losses of 11.5 percent as trade resumed after the sharp opening falls had triggered an automatic halt.

* Foreigners sold $1.4 billion worth of Indian shares in the last three days of last week.<b> In 2007, foreign funds bought a record $17.4 billion of stocks, and this was a key driver for the rupee's rise of more than 12 percent.</b>

* The rupee received support around 39.70 from exporters and corporates who sold dollar holdings. <b>The market expects exporters to continue selling dollars as the rupee weakens.</b><!--QuoteEnd--><!--QuoteEEnd-->


BSE (Bombay Stock Exchange) - Guest - 01-22-2008

MARKET DATA - 07:08 UK
FTSE 100 5578.2 -323.50
Dax 6790.2 -523.98
Cac 40 4744.5 -347.95
Dow Jones 12099.3 -59.91
Nasdaq 2340.0 -6.88

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BSE (Bombay Stock Exchange) - Guest - 01-22-2008

<b>slogan shouting against FM outside BSE </b>

MUMBAI: Upset over Tuesday's stock market meltdown, some investors demonstrated outside the Bombay Stock Exchange to voice their resentment against Finance Minister P Chidambaram.

The investors shouted slogans against Chidambaram, holding him responsible for the crash in the market this morning. The BSE Sensex plunged 2,029 points within minutes of opening today, hit the lower circuit breaker leading to stoppage of trading for around an hour.

When trading re-opened, the market partially recovered but was still in the red.

<b>"Chidambaram Murdabad", rented the investors </b>

http://economictimes.indiatimes.com/Market...how/2720948.cms