Sensex records biggest single day gain

SEBI allayed fears of foreign funds on investments through p-notes and also initiated the process of speeding up the registration of foreign investors, clearing 16 such applications.

Investors cheered this news today and 2nd quarter results, and helped the sensex to record the biggest single day gain today.

It ended the day at 18,492.84, gaining 4.99% or 879 points from the previous close, just to make everyone vow looking at the rising sensex!

I wish I could buy reliance energy stock couple of days back, today it was almost 11% up. Along with Reliance energey, BHEL was up 11.54 %, NTPC 8.84 %, Larsen & Toubro 7.53 % and Reliance Industries 7.83%. These gains proved to be some very impressive stock gains today.

What are participatory notes or P-Notes or PNs in Indian Stock Market?

The reason in Stock market steep fall in the morning was on the news that participatory notes would be banned in India.

But the question in any lame investor's mind is - what are these participatory notes or P-Notes or PNs?

PNs are financial instruments used by investors or hedge funds that are not registered with Sebi, to invest in Indian shares. FIIs and their sub-accounts buy Indian securities and then issue PNs to foreign investors with these securities as the underlying.

Once the Sebi proposals are operationalized, only FIIs whose outstanding notes do not exceed 40% of their total asset holding in India will be allowed to issue fresh ones. For instruments already issued by FII sub-accounts, Sebi has given a window of 18 months to wind up existing positions.

Big morning havoc in the Stock market turned out to be little losses at end of the day

Today morning was a shocking moment for anyone who has seen the Sensex online. It has seen a big havoc and selling in panic by stock market investors. But the market ended with modest loss after initial jolt when Securities & Exchange Board of India (Sebi) Chairman M Damodaran assured that participatory notes (PNs) are not being banned. The market had earlier recovered after Finance Minister's comments that there is no proposal to ban participatory notes. Earlier the market regulator Sebi's proposals to clamp down participatory notes to restrict foreign inflows, announced after trading hours on Tuesday, 16 October 2007, created havoc on the bourses today. Trading was halted just within minutes of opening, as index wide circuit filters were triggered by the steep fall.

In afternoon, M Damodaran, clarified to television media that participatory notes (PN) are not being banned and there will be no bar on FII inflows.

Sensex takes just 4 days to reach 19,000 from 18,000

It took just four trading sessions for the Sensex to reach the 19,000 from the 18,000 level. Sensex had first touched 18,000 on 9 October 2007.

Earlier, it had taken eight trading sessions for the Sensex to reach 18,000 from 17,000 after it had first hit 17,000. Sensex had first hit 17,000 on 26 September 2007.

Easing of political worries and improved Index of Industrial Production (IIP) figures for August 2007 boosted the bourses today. Elections are still far away and the government has one-and-a-half years to complete, Prime Minister Manmohan Singh said on Friday, 12 October 2007. The prime minister said if the India-United States civil nuclear deal does not come through, it will be a disappointment. He said the government was trying to reconcile the divergent points of view on the issue within the ruling coalition. Dr. Singh said it is his hope that on the nuclear deal, common sense will ultimately prevail.

Shiva Cement rising due to ACC's interest

Have you heard of this company? I had never, but it's rising up and up due to ACC's interest in increasing it's stake to 14.7% from existing 11.22% stake in this company. Now the share is only Rs. 12.89 today at the end of the day and today it hit upper circuit of 10% upward move.

I tell you, it's very important to find such companies and stay invested in these companies for years together and with lots of holding. I am sure it would give you more than 1000% returns in few years.

The same stock when you see hovering at 120-140, you would repent that you could have invested in this company then. Because I had seen similar case with Karuturi Networks in 2004, when it went past beyond my eye sight from Rs 24 to now Rs. 300 and more. Lesson to learn, hmm?

Stock Market BSE Sensex Becomes Adult (18000+)

At 18, you can blame it on the raging libido. Boys may have to make way for men as Sensex hits a record high of 18,280 on the back of eye-popping rallies in Reliance & Reliance. From here on, it's no longer for the faint of heart.

At the height of the dotcom mania in 1999-00, the easiest way to maximize returns was to buy into any stock with the suffix ‘Software’ or ‘Technologies’. Eight years on, the same seems to hold true for any stock with the prefix ‘Reliance’, given their baffling run-up over the past one month.

As the benchmark logged its highest single-day gains in absolute terms on Tuesday to race past the 18,000-mark, factors like politics, valuations and earnings appear to have become non-issues overnight.

The only thing that matters for now is liquidity and there is nothing to suggest the tide could reverse. In less than three weeks since the US Federal Reserve cut rates, FIIs have pumped in a net of $5.4 billion into Indian equities. According to provisional data, foreign funds bought over Rs 1,400 crore worth of shares on Tuesday.

Market hits record high for the tenth consecutive trading session

Did you see the markets today, I told you it's touching 19000 again. Now read the details what it has been doing all over the day.

The market surged today in a volatile trade, with both the niche indices, BSE Sensex and S&P CNX Nifty, striking all-time highs. Can you imagine, all time highs! Index heavyweight like Reliance Industries surged today. Pharma pivotals edged lower whereas IT pivotals rallied. Market breadth which was strong earlier during the day, turned weak in mid-afternoon trade. Asian markets were mixed after firm opening. European markets were in the green.

Sensex ended up 518.42 points or 2.99% at 17,847.04 an all time closing high. It had hit a fresh all-time high of 17,953.07 in early afternoon trade. It hit a low of 17,288.41 during mid-afternoon trade. Sensex opened with a upward gap of 138.79 points.

What else data you need to be joyful today and have couple of drinks to celebrate the market highs!

Sensex is almost touching to 19000

Wow, what a bull run sensex has been seeing. I just wrote about sensex touching 18000 few days back and it covered up 1000 points within few sessions. Isn't it too much.

I don't know what's happening but I am scared to invest money in Indian market any more. I am smelling some scandal like Harshad Mehta or Ketan Parekh took place few years back. Hope I would pull out my money on right time before market sees a huge correction which many of the analysts saying, is on the cards.