India Market NSE BSE Trading Holidays - 2011

S No Date Day Description
1 26-Jan-11 Wednesday Republic Day
2 02-Mar-11 Wednesday Mahashivratri
3 12-Apr-11 Tuesday Ram Navmi
4 14-Apr-11 Thursday Dr. Ambedkar Jayanti
5 22-Apr-11 Friday Good Friday
6 15-Aug-11 Monday Independence Day
7 31-Aug-11 Wednesday Ramzan ID
8 01-Sep-11 Thursday Ganesh Chaturthi
9 06-Oct-11 Thursday Dasara
10 26-Oct-11 Wednesday Laxmi Puja*
11 27-Oct-11 Thursday Diwali - Balipratipada
12 07-Nov-11 Monday Bakri Id
13 10-Nov-11 Thursday Gurunanak Jayanti

NSE to launch Nifty Futures on Chicago Mercantile Exchange

The National Stock Exchange of India (NSE), and CME Group, the world’s leading and most diverse derivatives marketplace, announced cross-listing arrangements, including license agreements covering benchmark indexes for US and Indian equities. The parties also entered into a MoU with respect to other areas of potential co-operation, including related to development and distribution of financial products and services. Under the cross-listing arrangements, the S&P CNX Nifty Index will be made available to Chicago Mercantile Exchange (CME), for the creation and listing of US dollar denominated futures contracts for trading on CME, and the rights to the S&P 500 and Dow Jones Industrial Average (DJIA) will also be made available to NSE for the creation and (subject to regulatory approval) listing of Rupee-denominated futures contracts for trading on NSE. The license to the Nifty 50 from NSE’s affiliate India Index Services & Products Ltd. (IISL), which is exclusive to CME Group within the Americas and Europe, is in addition to the existing licensing arrangement between Singapore Exchange Ltd. (SGX) and IISL.

NSE BSE Market Timings from Jan 4 2010

NSE		BSE
MARKET OPEN 09:00 hrs. to 15:30 hrs.		MARKET OPEN 09:00 hrs. to 15:30 hrs.
CLOSING SESSION 15:50 hrs. to 16:00 hrs.		CLOSING SESSION 15:40 hrs. to 16:00 hrs.

BSE-NSE to extend trading amid protests

Things would not be the same for stock market participants like traders, brokers, banks and others come January 4. A major rivalry between BSE and NSE to garner more volumes and thus boost profits has ensured that trading in the cash as well as derivatives segments will begin at 9 am. The game of one-upmanship was kicked off by BSE when it decided to advance the trading hours by 10 minutes, to 9:45 am, from Dec. 18. Two days later, the NSE decided to go a step ahead by saying that it would open trading from 9 am. The NSE move sparked widespread uproar, mostly among local brokers. Some even accused the exchanges of announcing the move to boost their bottomlines and to appease the foreign shareholders. Others complained about the lack of adequate infrastructure and other systemic problems to support the move. All this forced both the exchanges to defer the plan to advance trading up to January 4. A lot will be said and written about the extended trading time in the coming days. But, that may not prevent BSE and NSE from going ahead with their planned move. Which means that the new year will begin on a different note for all connected with the stock markets.

NSE - BSE - Christmas Card for YOU!

Facts about NSE and BSE

Market Cap: At the beginning of this bull run, the Indian stock market, as represented by NSE, was just another stock exchange in developing world. Though it was admired for its online trading platform, its gyrations hardly mattered to the world. Five years hence, NSE now ranks among the world’s 10 biggest stock exchanges and India is inching closer to the status of being a global asset class. Since ’03, NSE’s market capitalisation has recorded a compounded annual growth rate (CAGR) of 55%.

Obviously, no global fund manager will have the courage to ignore such high returns. In contrast, developed markets have witnessed a CAGR of 10-15%. What’s more, with each 10% rise in NSE’s market cap, it is improving its ranking by one notch. Don’t be surprised if India breaks into the top five in next 2-3 years. As the market cap rises, so does the market breadth and its ability to absorb greater amount of capital. Besides, it reduces the probability of wide fluctuations and price aberrations.

Number Of Trades: Critics may describe the rise as a fluke and temporary in nature, without realising the fact that the NSE is already the world’s third busiest stock exchange in terms of the number of shares bought and sold. The bull run has been supported by an over 25% compounded growth in the number of trades. The fact that NSE can handle such a heavy load without a hitch proves the resilience of its system and raises the confidence of the global investment community in the Indian capital market. This will prove positive in attracting capital in Indian over the longer term.

Value Of Shares Traded: In October this year, shares worth $564 billion were traded on the NSE — almost two-and-a-half times more than at the beginning of ’03. Though volume growth in India lags that of other emerging markets, it has now crossed a psychological barrier of half-a-trillion dollars.

NSE Futures Volume - not no:1 anymore!

The National Stock Exchange has lost its place as the world's top bourse for stock futures trading in terms of volume to South Africa's JSE Ltd, according to the latest report by World Federation of Exchanges (WFE).

Johannesberg-based JSE Ltd recorded 44 million transactions in stock futures during January-March 2007 compared to 30 million by city-based NSE. In comparison, JSE had recorded only 13 million contracts in January-March 2006 and gained 229%. NSE, on the other hand, witnessed 25 million contracts and posted a gain of only 18% during the corresponding period.

“This growth is the result of an aggressive advertising campaign aimed at both the retail and the wholesale market, and of positive changes in the regulatory regime of these products in South Africa,” the WFE report on derivatives trading said. Europe’s Euronext.liffe was the thirdbiggest with 12 million contracts, up 319% compared to the year-ago period.

In 2006, the Indian bourse was the most active exchange in the world for stock futures trading and more than 100 million contracts were exchanged compared to JSE’s 70 million. “However, the size of stock futures contracts is smaller on JSE than on other leading exchanges,” WFE said, adding the stock futures notional value of trades on this market was outpaced by NSE, Euronext.liffe, Eurex and Borsa Italiana.

The notional value of stock futures on the NSE was about $800 billion in 2006, while that of JSE was less than $50 billion. Euronext was the second-biggest with a notional value of more than $300 billion. NSE stock futures volume grew 50% in 2006 compared to 2005, but faster growth was recorded in some other bourses. Stock futures trading rose 185% on JSE in 2006 versus a year ago, 143% in Euronext, 681% on Hong Kong Stock Exchange.

WFE said the volume of trading in stock futures almost doubled in 2006 and this growth seemed to be continuing during the first quarter of 2007. JSE, Euronext.Liffe and Eurex showed important volume growth rates. Other exchanges where stock futures are traded in the Asia Pacific region include the Australian Stock Exchange, Honk Kong Exchanges.

Market Watch Screener- World Indices, BSE-Sectoral Indices, Nifty Technical as on 01-06-2007

Click on the image to get full size

1,100 cos hit 52-wk lows during bull run

Skeptics of the stock market rally never tire of pointing out that only a handful of shares have participated in the recovery between June till now.

In the past 100 trading sessions, even as benchmark equity indices continued to soar, 1,100 companies listed on the BSE hit 52-week lows. But, supporters of the bull run argue there is a strong reason for the market to have ignored these companies. A majority, if not all, of these companies have seen their earnings decline over the past one year.

For the purpose of analysis, recent listings and companies whose comparative net profit figures were unavailable were excluded, leaving a total of 946 companies. These firms were categorised in the different groups and their group-wise four-quarter trailing net profit from September 2005 to September 2006 was analysed.

The hardest hit has been companies in the B2 Group comprising 420 companies, followed by B1 with 172 and S Group having 149 firms. At the same time, these B2 group companies posted a combined 24% decline in net profit over the past four quarters. This included 50 companies whose bottomlines slipped into the red during this period.

The combined net profit of the 946 companies has shown an increase of 23%, but that is mainly because high profits by a handful of them. In the A group, the combined net profit has risen by 28% from Rs 4,805 crore to Rs 6,157 crore. Here again, the increase is due to companies like National Aluminium, Canara Bank and Dena Bank, which together comprised about Rs 1,750 crore of increase in profit.

Similarly, the combined 25% rise in net profits in the B1 group was mainly because of companies like EID Parry and UB Holdings that together posted a net profit of over Rs 500 crore. In the Z group, the increase of 140% is due to the effect of one or two companies.

Harendra Kumar, head-research, ICICIDirect, says, “When a company hits a 52-week low, there is something fundamentally wrong with it. Just because the rally is happening, it does not mean that all companies in the industry are performing accordingly. There are large numbers of them unable to catch up with the growth witnessed by the industry.

Their stock prices could have tumbled down due to various reasons like rising operational costs, increasing input costs and margin pressures, lacklustre sales growth and lack of entrepreneurial skill sets et al. It is the big companies that benefit first when the growth in the economy takes place.”

He says some of these stocks also provide an opportunity as investment candidates. This cannot be interpreted as a buy signal, but there are many stocks that represent value and investing opportunity for those who complain that they have missed the bus.

“There has been a sharp increase in the profitability of large companies like information technology, financial and financial services like banking that witnessed a four-month rally, beginning late July on the back of falling bond yields, lower loan losses and investment provisions, as seen in the September quarter profits. Many small industries have not been able to catch up with the productivity factor and that is reflecting the stock prices of these companies,” says another analyst.

NSE 500 Quarterly Numbers

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Source: Dreamgains

Market slips marginally on late selling

The Sensex drifted into the red towards the close and ended the trading session at 12709.
The market witnessed selling pressure towards the close, after an early rally had seen the Sensex notch up gains of 125 points on sustained buying support.

The Sensex began the day with gains of 32 points at 12756 on the back of firm Asian indices and surged above 12800 to touch an intra-day high of 12849. The Sensex held firm above 12800 amid a range-bound trend for the better part of the trading session before the resumption of selling dragged it to the day's low of 12680. The Sensex ended the session with losses of 14 points at 12709, while the Nifty was down a point at 3677. However, the other Asian indices like the Nikkei, the Hang Seng, the Kospi and the Straits Times closed with gains of nearly 1% each.

Among the losers, Satyam shed 2.82% at Rs428, ITC dropped 2.52% at Rs186, Bajaj Auto lost 1.70% at Rs2,742 and Maruti was down nearly 1% at Rs937. However, Reliance Energy rose 1.64% at Rs460, Tata Steel jumped 1.23% at Rs508, Wipro added 1.10% at Rs556 and Bharti Airtel moved up by 1.13% at Rs497.

On the sectoral front, the BSE CD index rose 1.58% at 3417 while the BSE FMCG index dipped 1.15% at 2009. The market breadth was positive. Of the 2,515 stocks traded on the BSE, 1,293 stocks advanced, 1,132 stocks declined and 90 stocks ended unchanged.

Among the consumer durable stocks Mirc Electronics soared 4.11% at Rs25, Videocon Industries advanced 3.30% at Rs501, Whirlpool jumped 2.87% at Rs39 and Hitachi Home Appliances was up 1.62% at Rs75. Blue Star, VIP Industries and Blow Plast also ended with steady gains.

Over 1.35 crore IFCI shares changed hands on the BSE followed by Hanung Toys & Textiles (1.20 crore shares), Nandan Exim (56.37 lakh shares), SAIL (43.69 lakh shares) and Tech Mahindra (35.99 lakh shares).

Value-wise Tech Mahindra registered a turnover of Rs300 crore on the BSE followed by Tata Steel (Rs178 crore), Reliance Industries (Rs157 crore), Hanung Toys & Textiles (Rs115 crore) and Hindustan Zinc (Rs69 crore).