Tag Archives: NSE

Indian Stock Market Review – April 20, 2010

Indian Market:

  • The RBI said that the weight of monetary policy balance may have to shift to containing inflation since high inflation itself will dampen recovery in growth. The RBI said it has not increased interest more than 25 bps because it believes that investments need to come in to improve the supply side inflation.
  • CRR is hiked to 6% from 5.75%, the reverse repo is raised to 3.75% from 3.5% and the repo is increased to 5.25% from 5%. While the policy rates are effective immediately, the CRR hike will be effective from April 24.
  • Hero Honda Motors after market hours announced its net profit rose 48.8% to Rs 598.81 crore on 19.6% rise in total income to Rs 4191.81 crore in Q4 March 2010 over Q4 March 2009.
  • Nifty snapped the five-day losing streak led by bounce in global markets post Goldman Sachs woes and RBI’s Monetary Policy, which was in-line with expectations. The 30-share BSE Sensex closed at 17,460 up 60 points and the 50-share NSE Nifty rose 26.45 points or 0.51% to 5.230

Global Markets:

  • US markets rose on Monday as investors reassessed the potential damage of the fraud case against Goldman Sachs and earnings optimism grew – the Dow Jones Industrial Average rose 73.59 points (0.67%) to 11092
  • European stocks rose in early trade on Tuesday, reversing losses from the previous session, with European banks gaining and car makers strong as Daimler rose after doubling its profit outlook.
  • Inflation rate in UK jumped more than economists forecasted in March, breaching the government’s upper limit for the second time this year after energy costs rose within weeks of the election. Consumer prices climbed 3.4 percent from a year earlier.
  • Asian stocks rose on Tuesday, led by finance companies, as regulators were split on suing Goldman Sachs Group Inc., easing concern over the impact increased regulation on banks. The key benchmark indices in Hong Kong, Japan, Indonesia, South Korea, Singapore and Taiwan rose by between 0.25% to 0.76%

Nifty BeES – Nifty Index Fund for S&P CNX 50 India

Nifty BeES, the first ETF in India, is being introduced by BENCHMARK, an Asset Management Company on January 8, 2002. Nifty BeES trades on the Capital Market segment of NSE. Each Nifty BeES unit is 1/10th of the S&P CNX Nifty Index value. Nifty BeES units are traded and settled in dematerialised form like any other share in the rolling settlement.

ISIN code INF732E01011
Series EQ
Reuters code NBES.NS
Face value Rs. 10

Benchmark Mutual Fund calculates and disseminates real-time NAV for Nifty BeES on its website www.benchmarkfunds.com and on Reuters Page BEES01. For further details you may visit the website www.benchmarkfunds.com Continue reading Nifty BeES – Nifty Index Fund for S&P CNX 50 India