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Tuesday, March 4, 2008

Stock Market and Sun outage

The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) trading timings willl berevised between 4th March 2008 and 18th March 2008, as the sun's position may disrupt connectivity, causing difficulties in receiving data via satellites.

Stock Market will stop trading between 11.45 am and 12.25 pm and resume trading from 12.30 pm, a stock exchange circular said, during which traders and investors may face some loss of connectivity.

Trading on the bourses will start at 9.55 am and close at 4.15 pm local time owing to the sun outage, the exchanges said.

NSE Market timings during Sun Outage
Event Duration
MARKET OPEN 09:55 AM to 11:45 AM
BREAK 11:45 AM to 12:30 PM
MARKET RESUME 12:30 PM to 04:15 PM
CLOSING SESSION 04:35 PM to 04:45 PM

BSE Market timings during Sun Outage
Event Duration
MARKET OPEN 09:55 AM to 11:45 AM
BREAK 11:45 AM to 12:30 PM
MARKET RESUME 12:30 PM to 04:15 PM
CLOSING SESSION 04:15 PM to 04:45 PM

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The Bombay Stock Exchange down over 900 points on 3rd March 2008 and closes over 300 points down on 4th March 2008

On 3rd March 2008, Monday the benchmark Sensex dropping over 900 points close below 17,000 level at 16,677.88 points and Nifty losing over 270 points to end below 5,000 level. Selling pressure emerged on reports of a weakening trend in global stock markets. Today 4th March 2008, the benchmark Sensex dropped another 338 points, The National Stock Exchange index Nifty also dropped by 88.75 points at 4,864.25, with banking stocks sliding on reports of ICICI Bank reporting a market to market loss of 264.34 million dollar.


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Sunday, March 2, 2008

Top Performing IPO

Company Listing Date Issue Price (Rs) Previous Close (Rs) Gain/Loss (%)

Orbit Corporation Ltd. Apr 12, 2007 110 668.35 507.59

Everonn Systems India Ltd. Aug 01, 2007 140 812.25 480.18

MIC Electronics Ltd. May 30, 2007 150 777.05 418.03

Allied Digital Services Ltd. Jul 25, 2007 190 808.8 325.68

SEL Manufacturing Company Ltd. Aug 21, 2007 90 302.05 235.61

Vishal Retail Ltd. Jul 04, 2007 270 801.7 196.93

Allied Computers International (Asia) Ltd. Nov 23, 2007 12 35 191.67

Gremach Infrastructure Equipment & Projects Ltd. Apr 11, 2007 86 241.7 181.05

Time Technoplast Ltd. Jun 13, 2007 315 844.05 167.95

Religare Enterprises Ltd. Nov 21, 2007 185 471.15 154.68

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