It was the great day for the stock exchange, as history was made. The sensex crossed 7000 mark, helped by reliance stocks :clap: After Reliance settlement news, the bull run was expected on the stock market... Reliance Capital zoomed up by Rs 60, to close at around Rs 295, before touching the high of 308. And the same was the case with Reliance Industries, but the … [Read more...] about BSE Sensex crosses 7000
The Debt market is for trading in Government Securities, which bear different interest rates and different maturity values, e.g 7.4% 2012. Here, 7.4% represent the interest rate, but daily yield is calculated for each instrument based on the Yield formula, which is inversely related to the price. These are the securites offered by government to Institutions. Goverment … [Read more...] about Debt Market….
To curb the black money in the economy, finance minister has come up with a new provision in the current budget. Which says every transaction through cheque, draft, ATM above Rs 10,000 will be liable to tax at Rs 10 for every Rs 10,000. This will help in bringing the payments made by businessmen, who otherwise do not pay tax but make payments through cheque/DDs, to the notice … [Read more...] about Budget blues….
BSE Sensex at its all time high for a long time now, last week breached 6900 mark and is expected to cross 7000 mark soon. In the last few years, the market has just moved in one direction, with the exception of Black Monday, that was when BJP govt fell, last year. At the end of year 2002, the market was below 3000 mark. Dec 2002 onwards. Most of the share prices have … [Read more...] about Sensex approaching 7000…