Sensex, Nifty edge higher

The BSE Mid-cap Index was up by 0.03% at 12,622, whereas BSE Small-cap Index was down by 0.19% at 12,682. Out of 1,908 stocks traded on the NSE, 1,021 declined, 592 advanced and 295 remained unchanged today.

The Indian stock market gained  for a third day with benchmarks extending their two-month high lead as some investors assessed that the impact of the demonetisation may be factored in and take positions ahead of the Union Budget early next month.

Nifty hit the new level of 8400 on Thursday even as many sectors including Auto, FMCG, Metal, Pharma and Realty are trading in red on Thursday.

At 1:25 PM, the BSE Sensex is trading higher by 120 points at 27,261, while the Nifty50 jumped 25 points at 8,406 mark. The Nifty50 hit 8,400 mark for the first time since Nov 11, 2016.

The BSE Mid-cap Index was up by 0.08% at 12,628, whereas BSE Small-cap Index was down by 0.01% at 12,705.

NTPC, Power Grid, Tata Power, L&T and Infosys were among the gainers, whereas Idea Cellular, Aurobindo Pharma, Coal India and Dr Reddy's were among those losing sheen on NSE.

A total of 42 stocks registered a fresh 52-week high in trade today, while eight stocks touched a new 52-week low on the NSE.

Out of 1,908 stocks traded on the NSE, 918 declined, 679 advanced and 311 remained unchanged today.

Some buying was observed in power, utilities, IT, teck, capital goods, oil & gas banking and financial services sectors, while pharma, auto, metal and FMCG stocks are showed weakness on BSE.

The INDIA VIX was down 0.43% at 14.74.

The Indian rupee opened higher by 17 paise against US Dollar at 68.15 per dollar versus 68.32 Wednesday.

The BSE IT index is trading at 10086 levels up by 132 points or 1.3% on Thursday. Infosys has contributed to almost 70% of the index gains on Thursday in the first hour of the trade. Other IT stocks like Trigyn, Cyient, Kelton Tech are all up in the range of 2% to 4.5%.

The BSE Healthcare Index is down by almost 182 points or 1.21% trading at 14940 levels. Sun Pharma and DRL have contributed to almost 55% of the index fall. Sun Pharma is down by 1.89% trading at Rs 635 per share. DRL is trading at Rs 984 down by 2% in the first half hours of the day. Other pharma stocks like Cipla, Natco Pharma, Dishman Pharma, Lyka Labs are also down by more than 2%.

After a steady rally in markets on Wednesday, even as Nifty struggles to consolidate, it has gained over 8400 levels in Thursday's trading session, and Global Offshore has caught investors’ attention by gaining more than 3.5% on an intraday basis. Mumbai based, logistics service provider, Global Offshore Services Limited's stock has witnessed spurt in volumes by more than 2.26 times.

NTPC gained on bourses as it signed a non-binding MoU with Rajasthan Rajya Vidyut Utpadan Nigam Limited and Rajasthan Urja Vikas Nigam Limited for the takeover of Chhabra thermal power plant. The plant has two stages viz., Stage I of 4*250 MW and Stage II of 2*660 MW.

Steel Strips Wheels has bagged an order to supply wheels over a period of 3 months in the EU trailer market. Order comprises of 13” steel wheels to be supplied starting from February 2016. The stock of the company has reacted sharply to the news and is trading in green. The stock is up 2%.

Trigyn Technologies has hit its upper circuit on an intraday basis. Trigyn Technologies Inc., is recently in the news as a wholly-owned subsidiary of the company has been awarded Federal GSA's IT Schedule 70 Contract.

Nifty FMCG opened today at 21227.20 level, gaining 0.15% but then it started falling in the red zone. Currently FMCG index is trading at 21,104,90 level, down by 0.42%. Despite the FMCG index falling, following five FMCG stocks are trading in green on Thursday.
Godrej Consumers Product Limited is trading at Rs 1585.95 per share, up by 0.70%. Tata Global is trading at Rs 128.30 per share, up by 0.59%.
Marico is trading at Rs 261.10 per share, up by 0.04%.
GlaxoSmithKline Consumer Healthcare Limited is trading at Rs 5165.00 per share, up by 0.43%.

United Spirits Limited is trading at Rs 1926.00 per share, up by 0.42%.

Yen witnessed strong recovery against the greenback, as the differentials between US 10yr and Japanese bonds narrowed.

Conversely, Mexican Peso plummeted to fresh lows amid concerns of US automobile companies curtailing production capacity on Mexico and China as far as trade is concerned. It seems the uncertainty over his policies will aggravate after he assumes power. Markets will eventually see a political impasse entailing muddled negotiations when Trump outlines his economic plans, invariably inviting opposition from stubborn US Congress. Meanwhile, World Bank stated that Donald Trump's plan to cut corporate and personal income taxes can provide a boost to the global economy, but there is a serious concern over the anti-trade sentiment. Prevalent backdrop is indisputably conducive for the yellow metal, with prices expected to extend the prevalent northward journey.

Live Stock Market Updates

 The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

The Indian stock market declined for a second time in as many sessions as investors sold shares of automakers, lenders and technology companies. The Nifty came under pressure as it approached its crucial resistance level of 8,200, weighed down by losses in IT, banks, and auto stocks. 

 the S&P BSE Sensex is trading at 26,524 down 72 points, while NSE Nifty is trading at 8,154 down 25 points.

The BSE Mid-cap Index is trading up 0.20% at 12,155, whereas BSE Small-cap Index is trading up 0.34% at 12,231.

Power Grid, Tata Motors, Hindalco, Tata Motor DVR and Tata Power are among the gainers, whereas Bank of Baroda, Hero MotoCorp, Infosys, Wipro and SBI are losing sheen on NSE.

A total of 12 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.

Out of 1,866 stocks traded on the NSE, 509 declined, 887 advanced and 470 remained unchanged today.

Some buying is observed in metal, media and auto sectors while financial services, IT, Bank Nifty, FMCG are showing weakness on NSE.

The INDIA VIX is up 2.85% at 16.28.

Sensex slips over 100 points

Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.

The Indian stock markets open on a positive note but later pared gains to turn red on Monday,

At 9:32 AM, the S&P BSE Sensex is trading at 26,494 down 132 points, while NSE Nifty is trading at 8,154 down 31 points.

The BSE Mid-cap Index is trading up 0.01% at 12,032, whereas BSE Small-cap Index is trading up 0.46% at 12,101.

Eicher Motors, UltraTech Cement, Ambuja Cements, SBI and ACC are among the gainers, whereas Bajaj Auto, M&M, BoB and HDFC are losing sheen on NSE.

A total of six stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.

Out of 1,871 stocks traded on the NSE, 520 declined,918 advanced and 433 remained unchanged today.

Some buying is observed in realty, media, metal and pharma sectors while financial services, IT, Bank Nifty, FMCG and auto showing weakness on NSE.

The INDIA VIX is up 3.78% at 16.0500.

Asian indices opened in the green with most markets still in holiday mode. The retracement of the US$ saw currency gains for most countries which prompted buying in equities. Financials, materials & infra stocks gained with gold & oil prices seeing profit booking 

After a year of negligible gains for the Indian equity market, 2017 starts on hopes that this year will be better in many aspects. During the year, the Nifty hit a low of 6826 in Feb 2016 then surged to 8969 in September 2016. Then came a plethora of concerns which reduced the risk appetite for emerging markets. Trump's US presidential victory, strengthening of US Dollar and the demonetization drive dominated the headlines towards the end of the year.

The much-awaited New Year's address by Prime Minister Narendra Modi saw a slew of initiatives being announced which focused on the rural segment, small businesses, women and the banking sector.

The PM highlighted a stark reality that a mere 24 lakh Indians had declared that they had an annual income of above Rs 10 lakhs.
Bank stocks will be in focus after leading lenders announced a cut in loan rates. Profit booking is expected at higher levels later in the day unless global markets keep the momentum going.

The Indian economy remains one of the fastest growing economies as it grew 7.2% in the first half of the current fiscal.

Sensex surges 260 points, Nifty jumps to 8,186

The Sensex and Nifty jumped 1 per cent in the last trading session of 2016, recovering from recent losses and ending a volatile year with gains despite fears of outflows from emerging markets and cash crunch in the domestic economy post-demonetisation.

The broader NSE index gained 3 per cent in calendar 2016, while the benchmark BSE index advanced 2 per cent, recovering from losses in 2015.

On Friday, the NSE index rose 82.2 points or 1.01 per cent to 8,185.80, while the BSE index gained 260.31 points or 0.99 per cent to 26,626.46.

Both indexes advanced more than 2 per cent over the week, but posted modest losses for December.

Among BSE sectoral indices, FMCG index gained the most by 1.67 per cent, followed by power 1.3 per cent, healthcare 1.11 per cent and realty 1.1 per cent.

Top five Sensex gainers were GAIL (+3.07%), Sun Pharma (+2.59%), ITC (+2.31%), Power Grid (+2.14%) and Infosys (+1.67%), while the major losers were Bajaj Auto (-0.81%), Dr Reddy's (-0.46%), Tata Steel (-0.34%), HDFC Bank (-0.12%) and ONGC (-0.05%).

Volatile year

2016 was marked by volatility from global events, including Britain's vote in June to exit the European Union and the US election victory of Donald Trump in November. This year's gains would mark a recovery from a decline recorded in 2015.

At home, the approval for the Goods and Services Tax Bill earlier this year helped boost sentiment, but that was offset later by the government's move to scrap higher-denomination notes, raising concerns about economic growth.

But analysts sounded optimism for the new year, with the Reserve Bank of India expected to cut rates at its next policy review in early February and the government gearing up to issue the annual budget.

“Markets remain in comfortable zone, most of the lull was over in the last month,” said Deven Choksey, managing director of KR Choksey Securities.

“Market is expecting positive outlook from budget in subsequent months.”

Global markets

Oil prices made fresh gains on Friday and were heading for their biggest annual percentage rise since 2009, with world stocks also up nearly 6 per cent over the year despite concerns over China’s slowing growth and weakening currency.

Global markets have fared surprisingly well in a year marked by major political shocks, including June’s Brexit vote and the unexpected election of Donald Trump as US president in November. US stocks have hit successive record highs and emerging equities have rebounded 8 per cent after three years in the red.

Sensex closes up 406 points

BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the NSE rose 124.60 points, or 1.58%, to 8,032.85

BSE Sensex recovered on Tuesday largely on the back of value buying in blue-chip stocks such as Cipla, Reliance Industries and TCS. The 30-share index rebounded with all sectoral indices led by consumer durables, health care, IT, FMCG, auto and capital goods stocks trading in the positive zone.

The barometer had lost 233.60 points in the previous session. Brokers said value-based buying at some blue-chip counters, which are heavily over-sold and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday supported the recovery. IT majors TCS and Infosys and oil giant RIL advanced, helping the Sensex trade in the green.

3.30pm: The 30-share S&P BSE Sensex closed higher by 406.34 points, or 1.57%, to 26,213.44, while the Nifty 50 of the National Stock Exchange (NSE) rose 124.60 points, or 1.58%, to 8,032.85.

3.15pm: The 30-share S&P BSE Sensex is currently trading higher by 426 points, or 1.65%, to 26,234, while the Nifty 50 of the National Stock Exchange (NSE) rises 130 points, or 1.65%, to 8,039

2.31pm: Godfrey Phillips Ltd shares rise 20% to trade at Rs999 against the previous session’s closing of Rs832.50.

2.26pm: The 30-share S&P BSE Sensex is currently trading higher by 227 points, or 0.88%, to 26,035, while the Nifty 50 of the NSE rises 67 points, or 0.84%, to 7,975.

The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602. The INDIA VIX is down 1.86% at 16.6925.

The key benchmark climbed on Tuesday tracking a rebound in Asian equities led by pharma shares amid thin volumes as financial markets close out a volatile year.

At 10:36 AM, the S&P BSE Sensex is trading at 25,889 up 88 points, while NSE Nifty is trading at 7,934 up 26 points. The BSE Mid-cap Index is trading up 0.53% at 11,567, whereas BSE Small-cap Index is trading up 0.46% at 11,602.

Tata MotorsDVR, Cipla, Bosch, Lupin, Ambuja Cement and Tata Motors are among the gainers, whereas Hindalco, UltraTech Cement, Bharti Airtel, GAIL and Coal India are losing sheen on NSE.

A total of five stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.

Out of 1,883 stocks traded on the NSE, 536 declined, 975 advanced and 372 remained unchanged today.
Some buying is observed in media, pharma, IT and financial services sectors while realty, banking and auto are showing weakness on NSE.

The INDIA VIX is down 1.86% at 16.6925.

Asian indices were trading flat to mildly positive as volumes drop in the holiday season with year end blues taking over. The trade of long developed markets & short emerging markets has played out well in the last 2 months with both the Japanese 'Nikkei' & the US Dow Jones now in sight of hitting 20,000.  

Finance Minister Arun Jaitley has said that tax payers should be trusted, unless proven otherwise and batted for a globally compatible lower level of taxation. Jaitley said voluntary compliance by citizens of payment of due taxes needs to be reciprocated by authorities with a tax-friendly administration.

Meanwhile, Prime Minister Narendra Modi is set to meet with experts at NITI Aayog today to discuss ways to drive economic growth in the aftermath of lowered growth forecasts by various agencies.

On the bright side, the rupee managed to end at a two-week high against the US dollar.

While volumes remain thin, some buying could keep the indices afloat before the F&O choppiness sets in later this week.  A report suggests that a government clarification on indirect transfer of shares could result in foreign investors paying up to 40% tax on their capital market investments in India. Monday weakness was more to do with statements from the PM that financial market participants may have to  pay  more taxes.

The Indian rupee opened lower by 10 paise on Tuesday at 67.84 per dollar versus previous close of 67.74/$.

Sensex Snaps 7-Day Losing Streak, Nifty Loses Grip On 8,000

The BSE Mid-cap Index is trading down 0.36% at 11,766, whereas BSE Small-cap Index is trading up 0.03% at 11,806. A total of four stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.The Indian equity market opened lower on Friday weighed by weak global cues ahead of Christmas holiday.

At 2:46 PM, the S&P BSE Sensex is trading at 26,046 up 66 points, while NSE Nifty is trading at 7,978 up mere eight points. The BSE Mid-cap Index is trading down 0.36% at 11,766, whereas BSE Small-cap Index is trading up 0.03% at 11,806.

Sun Pharma, Bajaj Auto, L&T, Grasim and HUL are among the gainers, whereas Eicher Motors, Tata Power, HCL Tech and Tech Mahindra are losing sheen on NSE.

A total of four stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.

Out of 1,887 stocks traded on the NSE, 631 declined, 886 advanced and 370 remained unchanged today.

Some buying is observed in Pharma, Banking and Financial sectors, while FMCG, Telecom, Information Technology, Capital Goods and Metal are showing weakness on NSE.

The INDIA VIX is down 0.69% at 15.4450.

Sun Pharmaceutical Industries rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.

Wipro dipped 1%. The company announced that it has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to formally  resolve the previously disclosed six-year-old investigation.

Reliance Defence and Engineering Ltd rose 3.6% to Rs 55 after huge block deal. Around 12.3 million shares or 1.7% stake of the company changed hands in a single block deal. Welspun Enterprises plunged 4%. Welspun Enterprises a part of $2.3 billion Welspun Group, on Thursday announced plans to buy back up to 25% of its share capital at a price of Rs 62 per equity share.

Deepak Nitrite tanked 3.7% to Rs 85.80 after huge block deal. Around 3 million shares of the company changed hands in two block deal

JK Paper rose 2%.  JK Paper Ltd has now informed BSE that the Company has decided at its meeting of Committee of Directors held on December 22, 2016, to sell 20 per cent shareholding of OJPPL to OHC, one of the joint venture parties.

Suzlon Energy rose 0.29% after the company announced a joint venture with AMP Solar for the development and construction of a 15 MW solar PV project located at Achampet, Mahaboobnagar District, Telangana.

Tata Motors dropped 1.6%. The sentiments that prevailed at the Tata Motors extraordinary general meeting mirrored the EGMs at the storied group's other companies, with a majority of shareholders speaking in favour of Tata Sons' interim chairman Ratan Tata.

Hinduja Ventures gained 3% after the Board of Directors at its meeting held December 22, 2016, has approved the disinvestment of 4,36,47,056 equity shares of Rs. 10 each held by the Company in Hinduja Energy (India) Limited.

Yes Bank is trading marginally down at Rs 1,126. The bank has announced that it has received ratings for an additional amount of Rs 1500 crore of Basel III Compliant AT1 (Additional Tier-1) Bonds. This takes the quantum of rated Basel - III Compliant AT1 bonds to Rs 3600 crore.

Goodluck India rallied 7.6%. The company announced that a meeting of the Board of Directors of the Company is scheduled to be held on 27 December 2016, inter alia, to issue and allot warrants convertible into equal number of equity shares to promoters on preferential basis
JBM Auto inched up 1%.  JBM Auto Ltd informed BSE that a meeting of Board of Directors is scheduled to be held on December 29, 2016, to re-consider the proposal for various fund raising options including through Qualified Institutions Placement subject to taking of shareholders' approval.

Igarashi Motors India slipped 1.7% after the company informed BSE that the meeting of the Board of Directors of the Company is scheduled on December 26, 2016, to discuss and consider business re-organization, including amalgamation of group Company(ies), to achieve synergies in business operation.

Centrum Capital zoomed 6% to Rs 31.25 on the BSE. The promoters of Centrum Capital have increased their stake in the merchant banking firm through open market purchases, taking their total stake to 37.25 per cent in a Rs 51 crore deal. 

The Indian rupee opened higher by six paise at 67.93 per dollar versus previous close of 67.98.

Crude is hovering around recent highs.The 20,000 mark remains elusive for the Dow. Italy is back on the radar after Monte dei Paschi di Siena failed to raise the 5 billion euros it badly needed to stay afloat; capital injection from the state is being sought.

Euro zone inflation could exceed 1 pc; the highest level since 2013, according to The European Central Bank.

Asian indices opened in the red with week end blues seeing caution ahead of the holiday shortened next week. Japanese markets will be shut for the Emperor’s birthday, while the Australian Securities Exchange (ASX) and the New Zealand Exchange will close earlier than usual on the last business day before Christmas.

Sensex down 47 points on weak Asian cues

The Nifty and the Sensex opened and traded flat to negative as trading went mute after participation from market-men declined ahead of Christmas and New year.

The Nifty opened six points down at 7,973, while the Sensex opened 20 points down at 25,960.

At 9.40 a.m., the 30-share BSE index Sensex was down 47.24 points or 0.18 per cent at 25,932.36 and the 50-share NSE index Nifty was down 12.65 points or 0.16 per cent at 7,966.45.

A report by SMC Global said: "Asian stocks stepped back in subdued trade today as Wall Street took a breather from its relentless rise since the US election, while the dollar hovered below its 14-year high set earlier this week. Overnight, US equities posted their first back-to-back daily declines of the month in light trading as investors took time out ahead of the Christmas weekend. Economic activity in the US increased by more than previously estimated in the third quarter, the Commerce Department revealed in a report. The Commerce Department said gross domestic product climbed by 3.5 per cent in the third quarter, reflecting an upward revision from the previously reported 3.2 per cent increase. Economists had been expecting the report to show a more modest upward revision to the pace of GDP growth to 3.3 per cent."

All the broader and sectoral indices barring pharma were trading in the red. Volatility was up 1.2 per cent with the India Vix quoting at 15.7400.

Sensex nosedives 262 points

The Sensex and Nifty fell for a seventh consecutive session on Thursday, their longest losing streak in one-and-a-half years, in the absence of any major triggers and a likely hit to quarterly earnings from demonetisation.

Heavy FII outflows ahead of key US and ECB economic data later today, coupled with muted sentiment ahead of holidays, dampened the trading sentiment.

The benchmark BSE index Sensex nosedived 262.78 points to a nearly one-month low of 25,979.60 and the NSE index Nifty fell 82.20 points to 7,979.10.

Among BSE sectoral indices, metal index fell the most by 2.78 per cent, followed by infrastructure 2.06 per cent, consumer durables 1.9 per cent and power 1.67 per cent.

Top five Sensex losers were Adani Ports (-3.56%), Tata Steel (-3.09%), ONGC (-3.03%), Bharti Airtel (-2.98%) and SBI (-2.12%), while the only four gainers were ITC (+0.51%), Asian Paints (+0.38%), Wipro (+0.26%), and Tata Motors (+0.19%).

FII selling

Indian shares, like their regional counterparts, have taken a hit due to the Federal Reserve's hawkish US interest rate forecast last week that led to foreign selling in emerging markets.

In India, foreign institutional investors have sold a net $250.28 million in shares this month as of December 20.

Analysts said investors were booking profits due to a lack of a clear domestic triggers and persisting worries about the impact from a ban on higher value banknotes on the economy and corporate profits.

“There is no clarity in the expectations of earnings routes for investors,” said Saurabh Jain, assistant vice-president of research at SMC Global Securities.

According to the Japanese financial services major Nomura, damage to India’s economic growth is likely to be bigger than RBI’s estimates, as there could be a sharper slowdown in the near term and cash shortage is likely to extend to the first quarter of the next year.

Meanwhile, investments in domestic capital markets through participatory notes (P-Notes) plunged to its lowest level in nearly three years to Rs. 1.79 lakh crore in end-November.

“Due to demonetisation, earnings for the December quarter is expected to be tepid, and there are also expectations that the impact could be carried into the next fiscal year.”

Multi Commodity Exchange Of India Ltd. (534091) Move Up 0.27%

Shares of Multi Commodity Exchange of India Ltd. (BOM:534091) last traded at 1304.6INR, representing a move of 0.27%, or 3.5INR per share, on volume of 23,521 shares. After opening the trading day at 1287.95INR, shares of Multi Commodity Exchange of India Ltd. traded in a close range. Multi Commodity Exchange of India Ltd. currently has a total float of 51.00M shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 726INR and high of 1420INR.
Indian Economy: Moving Forward With BSE & NSE

Trade and commerce in the Asian region is richly flourishing and India is one of the biggest contributors in the transformation. The country has a valuable equity market that represents about 14% of its gross domestic product (GDP), thanks to its leading stock exchanges’ the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).

The Stock Exchanges

More than half of roughly 7,800 publicly traded companies in India are listed on the BSE and the NSE combined. This means that the two stock exchanges alone make up about 4% of the Indian GDP.
The BSE is the oldest Asian stock exchange while the NSE is the first electronic stock exchange in India. That being said, it is without a doubt that both stock exchanges have a rich history that tells of India’s success. Multi Commodity Exchange of India Ltd. is a stock traded on the Indian stock exchange.
Getting to Know the BSE

Being the first stock exchange in all of Asia, the BSE is also the first to receive a permanent recognition under the Securities Contract Regulation Act of 1956 of India. In its over 100 years of existence, the BSE has managed to become the 11th largest stock exchange worldwide. As it continues to grow, the BSE can potentially improve its position in global trade in the long run. Furthermore, it is also said to be among the fastest stock exchanges worldwide.

The BSE first hit a four-digit figure in July of 1990. It was when the Bhartiya Janta Party emerged victorious in the October 1999 General Elections, the stock exchange first hit the 5,000 mark. It was in February 2006 and in December 2007 when the BSE first hit the 10,000 mark and the 20,000 mark,among the fastest stock exchanges worldwide.

The BSE first hit a four-digit figure in July of 1990. It was when the Bhartiya Janta Party emerged victorious in the October 1999 General Elections, the stock exchange first hit the 5,000 mark. It was in February 2006 and in December 2007 when the BSE first hit the 10,000 mark and the 20,000 mark, respectively. In March 2015, it first hit the 30,000 mark.

However, the BSE is not all about glory. It also had its down times. During the Global Financial Crisis of 2008, it historically recorded its biggest declines, losing more than 2,000 points in two consecutive days. Last year, when the Bank of China (BOC) suddenly devalued the Yuan, the BSE has also lost more than 1,700 points in just one session. With China being Asia’s largest economy, the decision of the BOC had a huge impact on all Asian nations.
The IndicesThe two main stock indices in India are the SENSEX 30 and the NIFTY. The former measures the top 30 companies listed on the BSE while the latter measures the top 50 companies listed on the NSE. These two are strong indicators of the health of the Indian economy as they represent the biggest of the biggest in the country’s corporate sector.

The SENSEX 30 has a base value of 100 and its base date is 1978 to 1979. Meanwhile, the NIFTY has a base value of 1,000 with its base date being 1995. Multi Commodity Exchange of India Ltd. has relatively good liquidity.

India is constantly growing as it takes advantage of various growth opportunities and carries out long-term growth prospects. Needless to say, the BSE and the NSE are the most interesting stock exchanges to trade in at present. Professional analysts might be interested how this will affect Multi Commodity Exchange of India Ltd..
More news for Multi Commodity Exchange of India Ltd. (BOM:534091) were recently published by: Economictimes.Indiatimes.com, which released: “Buy Multi Commodity Exchange of India Ltd., target Rs 1400.0 : UBS” on September 26, 2016. Techcrunch.com‘s article titled: “MCX postpones rollout of Apple Pay rival CurrentC, lays off 30, will focus on …” and published on May 16, 2016 is yet another important article.
Multi Commodity Exchange of India Limited is a holding company. The company has a market cap of $66.43 billion. The Firm is engaged in Facilitating Trading, and Clearing and Settlement of Commodity Derivatives. It has a 23.2 P/E ratio. It operates as a commodity futures exchange.