SCUP: The Unanswered Questions

A couple of weeks ago, the Dainik Hindustan carried my article on the termination of UTI Mutual...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
BSE resumes trading after 2.30 pm by resolving ‘technical glitches’

The Bombay Stock Exchange finally resumed trading on its BOLT system after halting the trade for over two and a half hours till 2.30pm

The Bombay Stock Exchange (BSE) has finally resumed trading on its BSE On-line Trading (BOLT) system after halting the trade for over two and a half hours till 2.30pm.
In a release, BSE said it halted trading temporarily for ten minutes between 10.45am to 10.55am; however, the problems persisted forcing the exchange to halt trading for one hour. It said, CMC engineers who solved the technical problem since 9.15am finally resolved the issue at about 1.20pm. However, in order to provide traders sufficient time for log in and download their orders and trade positions, it was decided to resume trading at 2.30pm.
BSE said all pending orders in the BOLT system at 12.00 noon when the market was halted, were not used for matching and were returned to -members keeping in mind the intra-day volatility.
BSE uses an automated system BOLT developed by CMC to facilitate smooth transactions. At present BOLT is capable of handling about 25 lakh trades and more than 1.8 crore orders per day.
Earlier on 22 January 2008 there was a stoppage in trading at BSE due to technical issues was in its Derivatives segment.

User

October accounts for one-fourth of total FII inflows this year

New Delhi: Foreign institutional investors (FIIs) infused a record $6.4 billion in October, accounting for nearly one-fourth of the total inflows came in stock market so far this year, reports PTI.

As per the data available with capital market regulator Securities and Exchange Board of India (SEBI), overseas fund houses were net buyers of Indian equities worth $6.42 billion (Rs28,562 crore) during the current month, the highest amount pumped in by the FIIs in any single month.

With this heavy inflow in just one month, the total net investment by FIIs on the local stocks now stands at $24.79 billion (Rs1.12 lakh crore), the highest in a single year.

Market experts said the inflows of overseas funds will not stop here only as they have the opportunity of the better rate of returns in emerging economies like India. This heavy inflow is causing appreciation in the local currency.

"Capital inflows into the country will be higher in the second-half of the fiscal and the rupee will appreciate up to INR 43.44 by end-FY 11 from the current INR 44.60, domestic brokerage Unicon Financial said, quoting a Crisil report.

Crisil expects the country's gross domestic product (GDP) to grow by 8.2% in the current fiscal and continue with the same momentum for the next decade, courtesy the consumption arising out of India's demographics.

However, the heavy inflows in October failed to lift the BSE benchmark Sensex this month. The 30-share index fell 0.2% in October, first monthly drop after May.

The Sensex had gained over 10% in the previous month, a period during which FIIs invested a net $5.42 billion (Rs2,4978 crore). Analysts said the mega Rs15,000 crore IPO by Coal India was a major reason behind the diversion of foreign funds from secondary market to the primary market.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)