Archive for November, 2011

November 23, 2011

Sensex and Nifty Losses Almost 1.5% on 23 Nov 2011

On the expected line today 30 stocks Indian Benchmark Index Sensex fell below the 16,000 level again after rising yesterday. The market started with sharp rise followed by sharp falls. The Sensex has fallen by 1.5%. Following the BSE Sensex, wide based NSE Nifty also fell by 1.4% in the early hours of trading.

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November 22, 2011

Sensex and Nifty Rises on Short Position Covering on 22nd Nov 2011

The Volatile Indian stock markets in line with the international counterparts, today on 22nd Nov 2011 bounced back. After falling for many days in row since eight sessions, the Indian stock market today opened higher than the previous closes giving speculators and short term investors have huge opportunities to earn some decent returns from this hyper volatile market.

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November 21, 2011

Sensex and Nifty Falling on Selling Pressure

The Indian stock market benchmark 30 share BSE index Sensex fell by over 191 points in opening trade on Monday, 21st Nov 2011, because of worries about the slowing economic growth in Indian economy and sluggish policy initiatives at different levels and sectors, ailing airline industry as well as uncertainty over the euro zone debt crisis has resulted into lack of confidence in investors in stock markets.

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November 11, 2011

Standard & Poor’s Upgrades Indian Banking Sector Contrary to Moody’s Downgrades

The downgrade of Indian banking sector from stable to negative by Moody’s shaken the Indian equity market and as result of this downgrade the Indian banking sector stocks faced huge selling pressure and the prices of the stocks of almost every bank fell.

Contrary to the Moody’s downgrade, it’s competitor in rating market today the leading rating company Standards & Poor’s has upgraded the Indian banking sector on the basis of strict and stringent domestic banking regulations and proper enforcement by the Reserve Bank of India.

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