Indian Share Market Trend : BSE

BSE may list shares in first half of 2013
One of the country’s premier stock exchanges, Bombay Stock Exchange, has set up a working committee to process its proposed initial public offering (IPO).

According to Ashishkumar Chauhan, Interim CEO of the "cash-rich" Exchange, said the committee is in the process of preparing a red herring prospectus and fine tuning other formalities. “The company may get listed in the first or second quarter of calendar 2013,” he said.

According to him, the idea of IPO is to give an exit route for its existing investors, rather than mobilising funds, and hence “it will be an offer for sale.”

At present, various broking houses hold over 43% stake in the company, followed by institutional investors with close to 40% and the remaining stake is held by some retail investors.

Under the current regulation, BSE needs to dilute up to 25% stake, and the committee will work out an elaborate plan on how to go about this, said Chauhan.

On BSE’s efforts to attract QFIs (qualified foreign investors), he said the exchange encourages and facilitates setting up of offices abroad by broking companies. BSE is the first Indian stock exchange to ring in the first QFI transaction (by a US-based investor) in June. One of its broking houses is now setting up an office in Dubai and is likely to go on stream by September this year.

Talking about BSE’s competitiveness in terms of transaction cost in the futures and options segment, Chauhan said the exchange charges just Rs 50 for every Rs 1 crore transacted in Options. This results in option trading cost on BSE being 85% lower than other exchanges. It does not charge any transaction cost for futures.

Realiance Look Cheap : Market Updates

We saw a big spike up in RIL yesterday, there is no clear cut explanation or something which can be given as a reason for the same, but i think the combination of factors made that move possible. One was the KG basin talk. Secondly, the refining margins like the product margins have also moved up sharply over the last few weeks. So, some analysts are becoming more bullish on refining margins for this quarter.

Overall, the stock continues to be cheap. However, I think the triggers are still lacking in terms of creating a longer term bigger upmove because the production in KG basin is still falling. So, I think it’s a cheap stock. It will keep on having its rallies in between, but there doesn’t seem to be any big upmove coming through, unless and until the telecom story starts unfolding.

By - Prabhudas Lilladher

Free Share Tips : Indian Share Market

Today the Indian Share Market opened on a very weak and negative basis. At 9:28am (IST), the BSE Sensex was at 17,264, up 28 points over the previous close. It had earlier touched a day’s high of 17,264 and day's low of 17,200. It opened at 17,244.
The NSE Nifty was quoting at 5,236 up 7  point sover the previous close. It had earlier touched a day’s high of 5,236 and a day’s low of 5214. It had opened at 5220.
Indian Shares to Trade in Today 1 August :-
SBI: Buy with a target of 2200 and a stop loss of 1929.4.
Cipla: Buy with a target of 360 and a stop loss of 328.4.
ITC: Sell with a target of 240 and an intraday stop loss of 261.6. 
Asian Paints: Sell with a target of 3400 and a stop loss of 3717.

Market Outlook for Tomorrow - Share Market

Share market India today traded with significant declines with reality being the biggest looser, in the morning bell it have been opened negative and overall scenario seemed negative too for whole day, but then gained bit strength to give respectable close. 

Share Market View For Tomorrow -

Current share market trend is moderate and cant be said exactly where it will be heading tomorrow. Market today became very negative and traded in red whole day, all sectoral indices today traded negative, so we would say liquidity and sentiment is driving the market. Our experts believe the market is waiting for positive cues, whether domestic or global, tomorrow the market may open on a strong note also the opening bell may be positive and market may  move higher and test 5,360-5,370 levels. 

Nifty Trend and Expert Recommendations -

Nifty shut today at : 5306, its being traded negative whole day and seems some chances to rise in tomorrow's trading session. Don't be surprise if  Nifty climbs to 5600 in the next month or so. However, we advise long-term investors against buying into the current market because of the lag in fundamentals.

Share Market Trend - Nifty Outlook- Stocks To Buy Tomorrow 6 July

Share market India today traded mixed, in the morning bell it have shown some negativity but then gained bit strength to give respectable close. As we warned earlier, So, investors today were cautious ahead of the European Central Bank’s meet. 

Share Market View For Tomorrow -

Current share market trend is up. Market has now become optimistic, so we would say liquidity and sentiment is driving the market. Our experts believe the market is waiting for positive cues, whether domestic or global, to move higher and test 5,360-5,370 levels. 

Nifty Trend and Expert Recommendations -

Don't be surprise if  Nifty climbs to 5600 in the next month or so. However, we advise long-term investors against buying into the current market because of the lag in fundamentals.