tag:blogger.com,1999:blog-62922068745600616402009-12-17T19:17:13.190-08:00pramodhttp://www.blogger.com/profile/13765628543804519647noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6292206874560061640.post-15168372045701302462007-10-29T06:23:00.000-07:002007-10-29T06:41:54.366-07:00The bull run in the Indian markets has achieved another milestone with Sensex hitting the 20,000 mark. Nifty has hit 5,900 levels scoring over a double century. Strength is seen coming from all quarters.<br /><br />The 30-share BSE Index took just 10 sessions to cover the last 1,000 points on funds buying in heavy-weight stocks, led by Reliance Industries.<br /><br />The Sensex spurted in the last five minutes of trade to fly past the crucial level and scaled a new intra-day peak at 20,024.87 points before ending at its fresh closing high of 19,977.67, a gain of 734.50 points.<br /><br />The rally was led by capital good stocks and market major and trend-setter Reliance Industries, which surged to a record Rs 2,844 on funds buying, influenced by a similar trend in other Asian stock markets.<br /><br />The journey so far..... 15k to 20K.....<br /><br />The Sensex crossed 19,000 mark on October 15. It had crossed 10,000 mark on February 6, 2006 and 15,000 mark on July 6, 2007.<br /><br />Seems Bulls are taking SPEED :-)<br /><br /><span style="color: rgb(255, 153, 255);">Courtesy : IBNLive</span><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6292206874560061640-1516837204570130246?l=pramod-sensex.blogspot.com' alt='' /></div>pramodhttp://www.blogger.com/profile/13765628543804519647noreply@blogger.com0tag:blogger.com,1999:blog-6292206874560061640.post-65888280885152853402007-10-25T06:20:00.000-07:002007-10-25T06:21:56.825-07:00<p class="txt">Well , making money is not as easy as the FIIs thought.</p> <p class="txt">They have been caught because their bulls were running unexpectedly and our Indian bulls were not able to compete with them.</p><p class="txt">C'mon it is quite obvious……Rs vs $.</p> <p class="txt">But anyways…..thanks to the SEBI finally putting some hurdle for them.</p> <p class="txt">Hurdle ???</p> <p class="txt">I should not say it’s a hurdle, I should say putting some rules.</p> <p class="txt">The Securities and Exchange Board of India (SEBI) on Thursday announced new rules for foreign investments through financial instruments such as Participatory Notes (P-Notes).</p> <p class="txt">The market regulator has asked the Foreign Institutional Investors (FIIs) to wind up P-Notes for investing in derivatives within 18 months.</p> <p class="txt">SEBI announced the decision after a meeting of the Board, which also approved imposing curbs on P-Notes for investing in spot market. The new norms will come into effect from Friday.</p> <p class="txt">In derivatives, FIIs and their sub-accounts cannot issue fresh P-Notes and will have to wind up their current position in 18 months, he said.</p> <p class="txt">In spot market, FIIs will not be allowed to issue P-Notes more than 40 per cent of their assets under custody. The reference date for calculating such assets will be September 30, SEBI said.</p> <p class="txt">The provision will come into effect from close of trading hours on Thursday.</p> <p class="txt">Those FIIs who have issued P-Notes of more than 40 per cent of their assets, could issue such instruments only if they cancel, redeem, or close their existing P-Notes. Those FIIs who have issued P-Notes less than 40 per cent of their assets under custody can issue additional instruments at the rate of five per cent of their assets.</p> <p class="txt">Well done SEBI !!! Being a TRUE Indian ,I liked it ……. </p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/6292206874560061640-6588828088515285340?l=pramod-sensex.blogspot.com' alt='' /></div>pramodhttp://www.blogger.com/profile/13765628543804519647noreply@blogger.com0