BSE and NSE List of Holidays 2010/Sensex Holidays

The following table lists BSE and NSE holidays. BSE/NSE declares holidays for all major festivals, Independence Day (August 15th) and Republic day (January 26th). Saturdays and Sundays are weekly holidays.

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December 25, 2009 | Filed Under Market Outlook | Leave a Comment

RBI to ask Dubai Exposure - Indian Companies exposure

RBI deputy governor Shyamala Gopinath in Ahmedabad said that RBI would ask all the banks about their exposure in Dubai World, a state owned cash barren Investment Company.

L&T announced that it had 20 -25 Million Dollar exposure to Dubai. Punjlloyd, DLF, Unitech said that they didn’t have any exposure to Dubai and BoB(Bank of Baroda) said that it had small banking exposure. Read more

November 27, 2009 | Filed Under Market Outlook | Leave a Comment

Ramalinga Raju in Hall of Shame

Forbes put Satyam’s (Now Mahindra Satyam) founder-Ramalinga Raju in ‘World’s 10 most outrageous CEOs’ list. The ill-famed Raju is at the 4th place in the Hall of Shame list for 2009. Forbes is best known for its rankings for world’s richest and most powerful persons. It also announces most infamous persons.

In January this year Raju announced that he had inflated the company’s performance figures and showed fictitious employees of more than 10,000. Investigations revealed that he had stolen a lot of investors’ money in the country’s first ever financial scandal of its kind.

November 27, 2009 | Filed Under Market Outlook | Leave a Comment

Dubai Debt Crisis

Dubai World, a state run subsidiary investment company asked its creditors if it can delay its payments by 6 months. Dubai World is a major investment company in the region which has undertaken a lot of development projects. It has exposure to $59bn debt. It revealed that it was not in a position to honor $3.5bn payment commitments due in December this year.

Most of the markets across the globe plunged on account of potential default of the company. There are concerns that it could be a blow to the world’s recession recovering markets. Most of the countries have exposure to Dubai and worried about undisclosed debts.

November 27, 2009 | Filed Under Market Outlook | Leave a Comment

Muhurat Trading 2009

Diwali is celebrated on Ashwayuja Bahula Amaavaasya. Usually it comes in the month of October/November. This day is considered as a precious day for starting a new business and extending an existing business. Lakshmi (Goddess of wealth) Puja is carried out on this day to favor their businesses.

Muhurat trading is held on BSE and NSE on the day of Diwali (Laxmi Puja) for half an hour/an hour. This time it falls on Saturday but still Muhurat trading will be held on October 17th 2009 from 6:15 PM to 7:45 PM. On this day most of the traders/investors buy at least a few quantity of shares. Most of the people believe that they would get benefited from the trades done on that day. In 2008, in spite of all the negative news of recession Sensex went up sharply.

October 16, 2009 | Filed Under Market Outlook | Leave a Comment