Sensex at Dizzy Heights 21000 in Diwali 2010 – Coal India Record Debut at 40% Premium


The Bombay Stock Exchange (BSE) benchmark index, Sensex, continued its onward journey and rose al most 2.1 percent and closed at 20893.57 a tad below the psychological level of 21000 as anticipated in the market. The Sensex story followed the record breaking PSU stable stock Coal India Ltd (CIL) As anticipated as a Diwali Gift to investors, the market gave a thumps up 40 percent premium

Sensex at Dizzy Heights 21000 in Diwali 2010 – Coal India Record Debut at 40% Premium


The Bombay Stock Exchange (BSE) benchmark index, Sensex, continued its onward journey and rose al most 2.1 percent and closed at 20893.57 a tad below the psychological level of 21000 as anticipated in the market. The Sensex story followed the record breaking PSU stable stock Coal India Ltd (CIL) As anticipated as a Diwali Gift to investors, the market gave a thumps up 40 percent premium to Coal India Ltd and closed at Rs 342.35 after reaching a high of Rs 344.75

The sensex record high was due to excellent debut of Coal India and a fresh round of US stimulus to lift the sagging US economy. The Sensex gained 427.83 points or 2.09 over its previous lose. The intra day high was at 20917.03 Market men predict crossing 21000 psychologial levels soon, may be on Miuhurat Tradinf too on November 5, 2010. Out of 30 sensex scrips, 28 were in the positive side.

The star performer Coal India shares beat forecasts and gained 40 percent, made a record debut.

This year the Sensex gained 19.6 percent and is just few hundred points away from its all-time high backed by high foreign inflows, specially after September 2010.'


Related Articles

BSE Ends the day with modest gain

BSE ends the day with modest gain. Today both NSE and BSE indices closed flat. The Sensex or sensitive index of Bombay Stock Exchange ended with a 33 point gain. Consumer durables and metal sector witnessed buys. The Sensex closed at 18032.11 points, with a marginal increase of 0.19 percent or 33.7 points over Friday's closing rate at 17998.41 points.

Bombay Stock Exchange (BSE)

The Bombay Stock Exchange (BSE) benchmark index, Sensex today raised by over 338 points and closed at 18560.05 points or 1.86% over Friday closing, the highest level in two-and-half years. Analysts this due to the better-than-expected jobs data from the US allaying concerns that global economic growth is somewhat faltering. The raise in the index was attributed to a smart rise in metal and banking stocks.

Record/Ex Date for various purposes at NSE

National Stock Exchange(NSE) has announced the Record Dates, ex dates for Bonus Shares, Face Value Split, right shares, dividend etc. The Company wise details are as under,

Launching of Pre-Open Session at NSE and BSE from October 18

With the capital regulator, Securities and Exchange Board of India (SEBI), giving its green signal for launching of pre-open session call auction on the stock exchanges, in July this year, India's two premier bourses, Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), will start a pre-session call auction for 15 minutes from October 18

More articles: Bombay Stock Exchange

Comments

No responses found. Be the first to comment...


  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name:
    Email: