Online Stock Brokers Reviews, Compare Online Brokers, Online Stock Trading Reviews

Gold prices are on the climb

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 11 Nov 2009 05:28:40 PST

Gold prices are continuing to soar in the global markets in the wake of India's decision to buy 200 tonnes of gold from the International Monetary Fund (IMF). Spot gold rallied to US$1,117.20 an ounce and was trading at at US$1,114.60 an ounce by 10.08 GMT versus US$1,105.30 an ounce last quoted late in New York.

US investment bank Goldman Sachs said gold could rise to record highs in a range from US$1,150 US$1,200 an ounce, driven by falling real interest rates and renewed buying interest by central banks.

Investors gain 108% on BSE since last muhurat trading

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 20 Oct 2009 20:19:54 PDT

Investors have seen an addition of Rs 30.45 lakh crore (108.6%) in their wealth on the Bombay Stock Exchange (^BSESN : 17223.01 0) (BSE) since muhurat trading last year. The total BSE M-cap has increased to Rs 58.49 lakh crore on October 17 muhurat trading this year, from Rs 28.04 lakh crore on October 28, 2008. A significant increase in m-cap on October 17, 2009 was seen in steel, sugar, tyres and aluminium stocks.

Investors gain 108% on BSE since last muhurat trading

Market Today

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Sat, 17 Oct 2009 10:58:13 PDT

The Sensex, which moved up to 17,493.17 earlier this evening, has drifted down to 17,357 due to profit taking at some front line counters, trimming down its gain to around 0.2% or 32.49 points. The Nifty is up 5.40 points or 0.11% at 5147.55. It had earlier surged to 5176.80.
Non-ferrous metal stocks Sterlite Industries, Hindustan Copper, Hindustan Zinc and Tinplat are up with sharp gains.
In the cement space, ACC, Ambuja Cements and Ultratech Cement have gained 1% - 1.75%. Prism Cement has notched up a gain of 3.6%. OCL India, Rain Commodities, JK Lakshmi Cement, Dalmia Cement, Shree Cements and Mangalam Cements are also trading notably higher.
Among technology stocks, Tata Consultancy Services is up 1.65% on strong results. Infosys Technologies and Wipro are up with modest gains. NIIT Technologies, Mastek, Patni Computer Systems, Rolta India and Oracle Financial Services are also trading firm.
Telecom stocks Reliance Communications, Bharti Airtel, Idea Cellular, Tata Teleservices and MTNL are trading with sharp to moderate gains.
Cipla, ICICI Bank, HDFC Bank, HDFC, ABB, ITC, Mahindra & Mahindra, Hindustan Unilever and Hindalco are exhibiting weakness.

Economy report

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:06 PDT

Economists were expecting the index to increase to 48 The measure is closely watched because consumer spending makes up two-thirds of the nation's economic activity.

The index posted declines in June and July,despite August's increase, the index remains at historically low levels. An overall reading above 90 indicates the economy is solid, and 100 or above signals strong growth.

The percentage of respondents expecting more jobs in the next six months rose to 18.4% from 15.5%.

Similarly, those saying jobs are "hard to get" slipped to 45.1% from 48.5% in August, while responses that jobs are "plentiful" ticked up to 4.2% from 3.7%.

Earlier this month the Labor Department reported that 247,000 jobs were lost in July and the unemployment rate fell to 9.4% from 9.5% in June -- the first decline in more than a year.

According to government figures, 237,000 fewer people were unemployed last month. That decline could be due to discouraged job seekers who have stopped looking, people who have now retired, or those have gone back to school. But the rate does include people who have exhausted their unemployment benefits or do not collect them.

Income expectations. Consumers were only slightly more positive in their income expectations, Franco noted. Those expecting an increase in their incomes jumped to 10.6% from 10.1%.
Business conditions. Consumers anticipating business conditions to improve over the next six months increased to 22.4% from 18.4% in July, the report said.

Conversely, respondents expecting conditions to worsen in the months ahead slipped to 15.8% from 19%

Mega outsourcing deal between top ITs

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:13 PDT

Top Indian IT firms TCS, Wipro, and Infosys and global majors Accenture and IBM have landed a mega five-year outsourcing deal from the oil and gas major BP.

Earlier in the day, BP said the deal was part of its vendor consolidation strategy, where in it has reduced the number of vendors from 40 to just five. "The work covers IT application, development, and management." The process, it said, took over 12 months. "We had called for tenders worth USD 2 billion and have awarded deals worth USD 1.5 billion, saving USD 500 million."

Draft Direct Tax Code

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:19 PDT

The code will replace the existing Income Tax Act, which was enacted in 1961 and would subsume the direct tax legislations.
Reasons to make it Unique:
First, in naming it the direct tax code and not the Income-tax (I-T) Act, perhaps the government is attempting to send a signal.By naming the new legislation a “code” rather than an Act, the government appears to be giving a signal that in the future sensing it as a good signal.
Second, there has been a conscious effort to do away with exemptions—so that effective rates of taxation reflect the charges on incomes that are transparently defined.a major shift away from area-based exemptions, from choosing winners and losers in industry and, indeed, in removing distortions that have crept in the way of “development initiative
Third, there is considerable relief for individuals,calling it the direct tax code rather than the I-T legislation, there is an attempt to bring some of the newer tariffs such as the fringe benefit tax and the securities transaction tax into the legislation.

Wal-Mart stores- the highest profit maker in retail

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:26 PDT

Wal-Mart Stores Inc NYSE WMT 12:00 AM ET 8/14/09
Last: 51.79 Change: -0.09 %Change: -0.17% Volume: 17,238,900
Open: 51.87 P/E Ratio: 15.32

High: 52.25 EPS: 3.38
Low: 51.54 Ex Date: 12/9/2009
Bid: 51.83 Dividend: 0.27
Ask: 51.82 Shares Out: 3.9 B
Yield: 2.10% Market Cap: 201.8 B
52wk High: 63.85 52wk Low: 46.25 Avg Volume: 22.1 M

In the middle of the tough retailing environment, slower consumer spending and lower revenues did not stop the world’s largest retailer from boosting profits.

Wal-Mart Stores Inc. reported second-quarter net income of $3.45 billion, up from $3.4 billion one year ago. Revenue for the Bentonville-based retail giant slipped 1.4 percent compared to last year’s $100.08 billion. U.S. sales accounted for nearly two-thirds of the company’s revenue and same-stores sales rose 1.5 percent.

Wal-Mart officials say they are focused on “accelerating” expense reductions, but they only predicted future same-store sales in the zero to two percent range.

India affecting Recession

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:32 PDT

JOB CUTS is the most terrible word for any employeer and employee. With the market turning worse and expensive job cuts are shattering many lives.With Recessions big impact private companies are opting for low profile in terms of selections. In India Job cuts are not seen in a major amount besides cost cutting factor, where big private companies and off shore business are showing their losses the sectors like Handlooms, Real estates, Hospitals, Insurance companies, Retailing and many are providing many options for jobs and entreprenureship.
India has emerged as the second most optimistic nation across the world in terms consumer confidence level, with a majority of people having bullish opinion about job prospects, personal finances and their willingness to spend in the next 12 months, a survey has said.

According to the survey conducted by global consultancy firm The Nielsen, consumer confidence in India is on upswing, registering a 13 point rise to 112 index points in the second quarter after Indonesia (113 points).

"The recent elections in India have had a positive effect on Indians' sentiments towards its economy. With the UPA government back in power for the second term, consumers are more confident that political and policy continuity will help recover the Indian economy," The Nielsen Company Associate Director Consumer Research Vatsala Pant said.

Ulips definations

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:40 PDT

Premium Allocation charge is the difference between the gross premium paid and the amount actually invested. This is used to pay the agency commission and other marketing expenses. The policy administration charge varies from Rs. 700 to Rs. 1500 per annum.

Mortality charge is the premium collected for providing the life cover. It is calculated on the sum at risk, this is the amount the insurer will have to pay if the policy holder dies.

Know your Mortality charges

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:05:55 PDT

Ulips are in great demand as insurance companies n agencies gives it a much weightage and so clients took it as safe mode for investments. Ulips include the worse of both worlds, it brings with them high cost, involving numerous charges for premium allocation, policy administration, fund management, mortality, rider premium, surrender and service fees. Since an insurer collects premium from policy holder, the sum at risk at the begining of a policy year will be difference between the sum assured and the agregate premium collected before the given policy year or the fund value in the policyholders account, depending on whether it is a traditional plan or a unit-linked. The mortality charge increses with the age of the policy holder asnd depending on the fund value, the deduction on the fund value may rise or fall. After premium allocation and fund management fee, mortality premium is the highest charge that a policy holder pays in ULIP. Thus a higher mortality charge is bound to reduce your investment value as it is appropriated through the cancellation of units of equivalent value.

A policy buyer must know the mortality charges and compare different insurers and plans

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Thu, 03 Sep 2009 09:06:07 PDT

The Nifty ended the July series on a strong note and closed above the 4550 level. Today's rally was led by shares of financial, technology, FMCG, cement, power, metal and oil marketing companies.

However, continuous selling in heavyweights Reliance Industries and BHEL as well as in PNB, Jindal Steel, Sun Pharma, Tata Power, ABB, Nalco and Suzlon Energy capped the gains to some extent.

From rise to down

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 24 Jul 2009 00:25:55 PDT

From the yesterday's report of market recovery and green shots it was quite obvious to think og good future and corporate scorecard brings cheer sensex intra day movement was from 14843.12 rose to 15264.84. Car maker Suzuki at Rs.583.54 (25.3%), Bharti Airtel at a profit of Rs. 2517 crore
(17%), Aditya Birla at a profit of Rs.297.10 crore, Cigarette-to-hoteld conglomerate ITC rise of Rs.879 core (17.4).....
While today's market report uptill was below satisfactory with the Red color of sensex, which had plunged to 15,198.68 from a high of 15,418.61 earlier this morning, is currently down with a slender loss at 15,230.40. The Nifty is down 4.10 points at 4519.65. Earlier, after moving on to 4575.15 in opening trades, the Nifty had tumbled to 4514.50. little bit of relaxations are provided coming from the several midcap and smallcap stocks hold on in the positive territory with a significant portion of their early gains intact. The market breadth is fairly strong. Out of 2322 stocks seen in action on BSE, 1479 stocks are up with gains. 765 stocks have posted losses and 78 stocks trade flat.

With several blue chip stocks finding support hard to come by at higher levels, the benchmark indices Sensex and Nifty, which faltered after a rousing start, are seen struggling to make a headway now.

BSE : 15248.14

NSE :4530.50

The Sensex, which had plunged to 15,198.68 from a high of 15,418.61 earlier this morning, is currently down with a slender loss at 15,230.40. The Nifty is down 4.10 points at 4519.65. Earlier, after moving on to 4575.15 in opening trades, the Nifty had tumbled to 4514.50.

Realty and automobile stocks continue to hog the limelight. Consumer durables stocks have rallied after a somewhat subdued start. A few stocks from metal, information technology, capital goods and power sectors have posted sharp gains. PSU, pharma, oil, bank and FMCG stocks remain a bit subdued.

Meanwhile, several midcap and smallcap stocks hold on in the positive territory with a significant portion of their early gains intact. The market breadth is fairly strong. Out of 2322 stocks seen in action on BSE, 1479 stocks are up with gains. 765 stocks have posted losses and 78 stocks trade flat.

Maruti Suzuki remains the top gainer in the Sensex. At Rs 1346, the stock is up by nearly 4%. Strong quarterly results and expectations of higher sales in forthcoming quarters of this fiscal are driving the stock up north today. Tata Motors has gained close to 3.5% at Rs 352. Mahindra & Mahindra, which has eased a bit to Rs 813, is up by 1.4%.

DLF is up with a gain of 3.3%. Tata Steel, Sterlite Industries, BHEL, Hindalco, Jaiprakash Associates and Infosys Technologies are up by 1.5% - 3%. Tata Consultancy Services, Wipro, Tata Power and Reliance Communications are up with modest gains. NTPC is up marginally.

SAIL, Ambuja Cements, HDFC, Punjab National Bank and ITC have lost over 2%. ICICI Bank, Cipla, Reliance Infrastructure, HDFC Bank, State Bank of India, ONGC, Power Grid Corporation, Axis Bank and Siemens are also trading with sharp losses.

Among midcap stocks, Havells India, Phoenix Mills, HT Media, Amtek Auto, Tulip Telecom and Bharat Forge are up by 6% - 8%. Godrej Consumer Products, TV 18, MRF and BF Utilities are up by over 5%.

KEC International, Gujarat Petronet, EID Parry, GE Shipping, Bannari Amman Sugars, MphasiS, Monnet Ispat, Carborundum Universal and Rashtriya Chemicals & Fertilizers are also trading firm with impressive gains.

Anil Ambani's menu list

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 22 Jul 2009 11:31:05 PDT

Reliance Capital - the Rs. 5.976 crore financial services company owned by Anil Ambani - plans to list its life insurance business. If it happens the way it planned then it will be the only private player today without a foreign partner.

Reliance Capital is also planning to enter into the investment banking over the next 12 months to flash its presence in institutional broking and private equity.

Ambani revealed that Reliance Life Insurance recently crossed the milestone of 3 million policies in force. It is among the top 3 players in terms of the number of policies issued.

Anil Ambani intends to invest in airports keeping the facts and figures of loss of the Mumbai Airport and Delhi Airport in a bidding war 3yrs ago.
The eyes are also on to the betting big on cement and aims to emerge as one of the top five players in this area in the next 5yrs.

Recession over!!!

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 21 Jul 2009 11:08:31 PDT

Recession will be over by the end of 2009
The recession facing the global economy would last 24 months and — after having started in December 2007 — would be over by the end of this year, Nouriel Roubini chairman of RGEMonitor.com said.
This is the big news or say futuristic happiness for us who are suffering. Surely this recession hurts a lot and effects every body either directly or indirectly. In an interview to CNBC, Roubini, recognized as one of the few people who foresaw the financial crisis beforehand, added that the recovery would be weak.

Roubini also spoke on the equity markets and said global indices may not re-test their March lows. “The March lows were pricing in a near depression and the collapse of the financials system but within the current levels and lows of the March, there is a meaningful risk of a correction if the economy is going to surprise on the downside as expected.”

Oil prices goes higher

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 20 Jul 2009 11:28:24 PDT

Oil prices were higher on Monday, lifted by rising global equities and positive data that suggested the worst may be over for the crisis-hit US housing market, analysts said.

New York's main futures contract, light sweet crude for delivery in August, gained 32 cents to 63.88 dollars a barrel.

Brent North Sea crude for September delivery climbed 50 cents to 65.88 dollars.

US stocks opened higher Monday, building on last week's powerful rally on reports that huge business lender CIT Group had found private financing to avert bankruptcy. European shares rallied Monday after gains in Asia.

US media reported Monday that business lending giant CIT Group, which provides capital for small- and mid-sized businesses, has negotiated an agreement worth 3.0 billion dollars with its bondholders to avoid bankruptcy.

Oil soared last week as traders welcomed encouraging US data and earnings reports that could boost the recession-mired American economy -- which is the world's top energy consumer.

Rupee Rising

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 20 Jul 2009 11:30:20 PDT

At 10:28 am, the partially convertible rupee was at 48.55/56 against the dollar, edging higher by 0.40% than its previous close of 48.73/74. The rupee appreciated sharply by 52 paise to end at a two-week high of 48.20/21 against the dollar today as the overseas weak US currency and strong equity markets powered the local units bounce back. The main support came from the bouyant equity markets and the raising expectations of capital inflows at the second half of the year.
signs of recovery in the economy also aided rupee sentiment. The Indian benchmark Sensex spurted 446 points or 3.0% while Asian Indices ended higher by about 1.0% to 3.7%. The Sensex had risen by 495 points or 3.5% on Friday. Meanwhile, Global oil prices surged to $64 a barrel in London trading.

Online Stock Trading Brokers

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 07 Jul 2009 03:59:15 PDT

Selecting stock brokers, who get you your money’s worth, for online stock trading can be a difficult decision for new investors since there are many options to choose from. An experienced and reliable brokerage firm will not only guide their clients through investing in the right stocks, but also educate and inform them about the stock market and the way it functions.

At CompareBroker.com, users are aided through the process of finding the stock brokerage firm that best suits their needs. The website has partnered with several online brokers, allowing investors to find a firm as per their budget and requirement. The website thoroughly compares the many online brokerage firms, eliminating the need to dig out any fine print information and helping consumers make well informed decisions regarding online stock trading and brokerage firm. We have created special categories for brokerage firms to cater to varying needs of different investors depending on their needs and income levels etc:

Free Trading: Check out http://www.comparebroker.com/free_trade_brokers.php for stock brokers offering free trading as a special.
Online brokerage firms with no minimum balance requirements: http://www.comparebroker.com/no_minimum_balance_brokers.php has a listing of brokerage firms which do not require any minimum balance to begin trading. You can start with as little as 100$ literally and obviously there is no upper limit.
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Cheap discount brokerage firms: http://www.comparebroker.com/low_rates.php displays stock brokers who have low trading commission such as Zecco & Tradeking
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CompareBroker.com serves as a one stop discount brokerage comparison engine. Investors may utilize the rating and review tool, learning through and sharing opinions with fellow investors; this not only saves time and money but also maintains a greater degree of transparency. Since CompareBroker.com specializes in comparing online stock trading firms, it is a better tool, rather than a generic search engine, for finding the right brokerage. Once the investor selects the best online discount brokerage firm, it will reduce the high cost of stock transactions and hence saves them significant amount of money from each stock trade and increase their profits.

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Trade Stocks Online at comaprebroker

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 23 Jun 2009 00:56:22 PDT

Trading stocks online is a profitable business and by knowing the intricacies of the market one can easily make great profits in the business. To trade stocks online one needs to use the services of an experienced stock brokerage firm where the stock brokers know how the market works and how they can help their clients in getting the maximum out of their dealings in the stock market. Finding a trustworthy and experienced stock broker online can be a tough task as there is a plethora of websites online that offer online stock brokerage firm services.

By utilizing the services of a website like CompareBroker.com, investors in the stock market can search through a number of stock brokerage firms to find the one that best suits their budget and requirements. CompareBroker.com has partnered with several online stock brokerage firms to provide their clients with the best choice in the stock market and at most affordable price. By registering at CompareBroker.com, users can get the best online stock brokers and also get various discounts and offers for trading stocks with the companies suggested by CompareBroker.com’s online search.

While choosing online stock brokers one must go through all the fine print available on the website to make sure about factors like if the commission changes with the size of the order. One’s own trading preferences also need to be taken in account while choosing an online brokerage firm. If one prefers to buy stocks for a small period then one should choose a firm with low commission and in case a client prefers to hold onto the stock for a longer duration, then an online brokerage firm with a supportive customer care is beneficial. The websites providing free tools like online market search tools and free analysis and stock market quotes should also be preferred.

About CompareBroker.com

CompareBroker.com is the premium online portal that allows users to search for cheapest online stock brokerage. Customers can browse through various online brokerage firms and compare them to find the best online broker. Find out more about the firm by browsing through www.comparebroker.com.

Online Stock Trading Brokers

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Tue, 23 Jun 2009 00:26:23 PDT

Summary : This press release informs the readers about CompareBroker.com, an online stock broker comparison site which makes investing in stocks easier for traders Selecting online stock trading brokers can be a difficult decision as there is a lot of choice available and it can be complicated for a new investor to find honest and professional online stock trading brokers.

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The website has partnered with several online stock brokerage firms to make it easy for investors to find a stock brokerage firm as per their budget and requirement. By searching on the website, investors can get a fair comparison for the online brokerage firms with the fine print displayed clearly, so that the consumers can make a well informed decision regarding online stock trading brokers.The benefit of using the services of CompareBroker.com is that the users can connect to the online stock brokerage firm directly without the involvement of a middle man. This not only saves the times and money of the investors but also maintains a greater degree of transparency in the whole business deal.

Searching for online stock trading brokers at CompareBroker.com is a much more profitable exercise than using a search engine to find stock brokers. By reducing the high cost of stock transactions, each investor is able to save money from the transaction and increase their profits.About CompareBroker.com

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Tata offering flat in Rs.3.91lakh

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 06 May 2009 10:40:12 PDT

In the recession where fooding only becomes a matter of concern, buying a flat becomes dream. Now after Nano in Rs. 1lakh comes the flat in Rs. 3.91 lakh, Tata's now comes out with yet another project in real estate (Tata Housing) will build one-room-kitchen flats for just Rs 3.91 lakh in a township being developed at Boisar, 100 km from Mumbai.
the township as per plan will be developed within 24 months and allotment of flats would made through lottery, Tata Housing's Managing Director Brotin Banerjee said.

Retailing In India

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Sat, 25 Apr 2009 04:15:23 PDT

Retail sector is a chain system, which consists of the sale of goods or merchandise from a fixed location, such as a department store or kiosk, or by post, in small or individual lots for direct consumption by the purchaser. This sector directly depends on the consumers choice and their needs which creates a chain; from company stock store to state stock/local stock store to the whole sellers and from wholesellers to consumers or from wholesellers to distributors to dealers then to consumers.
In short it is a bussiness that buy goods at one price ( term it as wholesale rate ) and sell them to consumers adding some profit with the basic price. The Retail sector in India has been at high for last a year or two…The huge Indian middle class consumer are now the blue eyed segment for biggies like Bharti, Wal-Mart, Reliance and loads of others, in race to capture their pie in Indian Retail Market. Now India is slowly becoming the center of attraction for retail backened IT support global giants. Big fat companies now not only trying to capture the city but also the urban and suburbans with big banners and spending hundreds and thousands to attract them as the big part of the profit bussiness comes from them.

Market ended higher

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 24 Apr 2009 11:29:47 PDT

The markets ended higher this week; the Sensex was up 2.78%, at 11,329.05 and the Nifty gained 2.85% at 3,480.75. Among broader indices, CNX Midcap Index was up 2.3% and BSE Smallcap Index gained 2.8%. Nifty Junior went up 5%.
Among frontliners, Reliance Power, Reliance Infrastructure, Suzlon Energy and Idea Cellular shot up 12-14%. However, Unitech was down 13%. Ranbaxy and Nalco fell 5% each.
Among cement companies, ACC was up 11.2% and Grasim went up 10%.
On the sectoral front, BSE Metal Index rose 5%, as SAIL gained 8% and Hindalco was up 3.7%. IT Index surged 3.7%, as Wipro shot up 13.7% (post Q4 numbers).
Non-index gainers like IFCI was up 12.5% and IDFC rose 13.5%. GVK Power and HDIL moved up 20% each.
TVS Motor, Birla Power and Shiv-vani Oil, gained 23-30%.

Market today

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Fri, 24 Apr 2009 06:36:55 PDT

Shares of telecom, capital goods, private power, auto and select cement companies helped the indices to post strong gains followed by broader indices, investing in these shares proved good which took market high on second half.
Domestic funds were the today's buyers in trade. Incremental flows from FIIs were too positive and long only funds were buyers in large cap stocks.
Telecom stocks gave strong support to the indices, as a leading FII was accumulating large cap telecom stocks like Bharti and Idea Cellular, which were up 5.47% and 4.76%, respectively. Reliance Communication gained 3.57%.
The 30-share BSE Sensex closed 194.06 points or 1.74% higher at 11,329.05 and the 50-share NSE Nifty rose 1.67% or 57.05 points, to settle at 3,480.75. The broader indices also ended in line with the benchmark indices - CNX Midcap was up 1.68%, to 3959.80 and BSE Smallcap Index closed at 4,068.26, up 68.48 points or 1.71%.
Bharti Airtel, Reliance Industries, SBI, L&T, HDFC, ICICI Bank, Grasim, M&M, HDFC Bank, Reliance Communication, Tata Power, Reliance Infrastructure, TCS and ACC were leading counters in today's gain.
The markets ended higher this week; the Sensex was up 2.78% and the Nifty gained 2.85%. Among broader indices, CNX Midcap Index was up 2.3% and BSE Smallcap Index gained 2.8%. Nifty Junior went up 5%.

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Mon, 20 Apr 2009 10:44:57 PDT

The Securities and Exchange Board of India (Sebi) said no mutual fund (MF) scheme shall invest more than 30% in money market institutions. However, it added, that the schemes may continue to invest up to 15-20% of net assets as the case may be. It further announced that the limits would not cover investments in government securities (G-secs), CrossBorder Linux Open Source (CBLOs) and treasury bills (T-Bills). SEBI approved the plan to enable MFs and FIIs to invest in IDRs subject to Federal Emergency Management Agency (FEMA) as well as Demat holding of IDRs and issue of DRs by custodians.The SEBI board has decides to take legal opinion on National Securities Depository Ltd (NSDL) order issue from outside and awaits independent legal view before acting against NSDL. A sub-committee report on NSDL is to be withheld pending legal opinion.

Job Cuts On Rise

infov.pardeepchauhan@gmail.com (Pardeep chauhan) — Wed, 11 Mar 2009 03:19:44 PDT

The housing boom in the last few years in India was largely on the back of strong growth in the IT and ITES sectors.
As the employee base at the top 3 Indian IT majors grew 44 per cent. However, with most global and domestic IT companies going slow on hiring plans, housing demand has been adversely impacted. According to a national survey by the Indian Labour Bureau, 5 lakh jobs were lost during Oct-Dec of 2008, with the gems & jewellery, transport and automobile sectors most affected. In the IT sector, Infosys Technologies has put a freeze on new hiring to check costs amid the global economic downturn, Tata Consultancy Services (TCS) has ruled out salary hikes for next year and said job cuts are possible, and Wipro is said to be planning to cut 4-5 per cent of its total workforce. “Slowing home loan growth of 10 per cent year-on-year on the back of slowing employee growth of 14 per cent at the top 3 Indian IT companies in third quarter of FY09 are early signs of this trend. A deteriorating outlook for Indian IT and our IT headcount forecast for the top 3 IT majors, which have been revised down, raise a demand risk for the residential property,” Citigroup Global Markets said in a report