Buy suzlon b/w 265 to 285 target price 320+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Friday, February 29, 2008
buy stock and make average buying
buy JPassociate b/w 240 to 270 target price 300+
buy GMR b/w 167 to 180 target price 195+
buy Dlf b/w 755 to 800 Target price 860+
buy Bank of india b/w 325 to 355 target price 380+
buy power grid b/w 103 to 111 target price 128+
buy Rpower b/w 401 to 435 target price 470+
buy Unitech b/w 352 to 370 target price 395+
buy Essar Oil b/w 222 to 240 target price 250(ST)+ 325(LT)+
Buy Cairn India ltd b/w 201 to 222 target price 245+
buy Rpl b/w 157 to 168 target price 180+
buy Rnrl b/w 122 to 133 target price 150+
buy PFC b/w 171 to 182 target price 198(ST)+ 255(LT)+
Monday, February 25, 2008
Bonds Interest Rates
Dear Readers,
Good news for the investors who are planning to invest for short term for height returns... Above are the interest rates. if any one are interested please contact Sriram, Phone Number:09986128592, Email Id: sriram.adviser@gmail.com
Good news for the investors who are planning to invest for short term for height returns... Above are the interest rates. if any one are interested please contact Sriram, Phone Number:09986128592, Email Id: sriram.adviser@gmail.com
| Invested Amount | Deposit Term in Months | Interest Rate(Monthly) | Cumulative Rate of Interest | Interest | Amount |
|---|---|---|---|---|---|
| 10000 | 12 | 10% | 10.47% | 1047 | 11047 |
| 10000 | 24 | 10.50% | 11.63% | 2326 | 12326 |
| 10000 | 36 | 11% | 12.96% | 3888 | 13888 |
| 10000 | 48 | 11% | 13.74% | 5496 | 15496 |
| 10000 | 60 | 11% | 14.58% | 7290 | 17290 |
| 10000 | 62 | 11% | 15.48% | 8000 | 18000 |
| 10000 | 73 | 11.50% | 16.44% | 10000 | 20000 |
Thursday, February 21, 2008
Know About Sensex Calculation
Dear Readers,
Last week i went to hyderabad for small trip, there i met with one of my friend she was asking about how the sensex will be calculated. i gave her some explanation later i realized that i need to give explanation about this in detail because so many of us are not aware of this. Going down the history of premier Bombay Stock Exchange that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called The Stock Exchange, Mumbai by paying a princely amount of Re 1.
Since then, the country's capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock Exchange, Mumbai in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market.
Sensex is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, Sensex is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies.
The base year of Sensex is 1978-79 and the base value is 100. The index is widely reported in both domestic and international markets through print as well as electronic media.
The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1, 2003. The "Free-float Market Capitalization" methodology of index construction is regarded as an industry best practice globally. All major index providers like MSCI, FTSE, STOXX, S&P and Dow Jones use the Free-float methodology. (See below: Explanation with an example)
Due to is wide acceptance amongst the Indian investors; Sensex is regarded to be the pulse of the Indian stock market. As the oldest index in the country, it provides the time series data over a fairly long period of time (From 1979 onwards). Small wonder, the Sensex has over the years become one of the most prominent brands in the country.
The growth of equity markets in India has been phenomenal in the decade gone by. Right from early nineties the stock market witnessed heightened activity in terms of various bull and bear runs. The Sensex captured all these events in the most judicial manner. One can identify the booms and busts of the Indian stock market through Sensex.
Sensex Calculation Methodology
Sensex is calculated using the "Free-float Market Capitalization" methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company. This market capitalization is further multiplied by the free-float factor to determine the free-float market capitalization.
The base period of Sensex is 1978-79 and the base value is 100 index points. This is often indicated by the notation 1978-79=100. The calculation of Sensex involves dividing the Free-float market capitalization of 30 companies in the Index by a number called the Index Divisor.
The Divisor is the only link to the original base period value of the Sensex. It keeps the Index comparable over time and is the adjustment point for all Index adjustments arising out of corporate actions, replacement of scrips etc. During market hours, prices of the index scrips, at which latest trades are executed, are used by the trading system to calculate Sensex every 15 seconds and disseminated in real time.
Dollex-30
BSE also calculates a dollar-linked version of Sensex and historical values of this index are available since its inception.
Understanding Free-float Methodology
Free-float Methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in Index. Free-float market capitalization is defined as that proportion of total shares issued by the company that are readily available for trading in the market.
It generally excludes promoters' holding, government holding, strategic holding and other locked-in shares that will not come to the market for trading in the normal course. In other words, the market capitalization of each company in a Free-float index is reduced to the extent of its readily available shares in the market.
In India, BSE pioneered the concept of Free-float by launching BSE TECk in July 2001 and Bankex in June 2003. While BSE TECk Index is a TMT benchmark, Bankex is positioned as a benchmark for the banking sector stocks. Sensex becomes the third index in India to be based on the globally accepted Free-float Methodology.
Adjustment for Bonus, Rights and Newly issued Capital:
The arithmetic calculation involved in calculating SENSEX is simple, but problem arises when one of the component stocks pays a bonus or issues rights shares. If no adjustments were made, a discontinuity would arise between the current value of the index and its previous value despite the non-occurrence of any economic activity of substance. At the Index Cell of the Exchange, the base value is adjusted, which is used to alter market capitalization of the component stocks to arrive at the SENSEX value.
The Index Cell of the Exchange keeps a close watch on the events that might affect the index on a regular basis and carries out daily maintenance of all the 14 Indices.
=> Adjustments for Rights Issues:
When a company, included in the compilation of the index, issues right shares, the free-float market capitalisation of that company is increased by the number of additional shares issued based on the theoretical (ex-right) price. An offsetting or proportionate adjustment is then made to the Base Market Capitalisation (see 'Base Market Capitalisation Adjustment' below).
=> Adjustments for Bonus Issue:
When a company, included in the compilation of the index, issues bonus shares, the market capitalisation of that company does not undergo any change. Therefore, there is no change in the Base Market Capitalisation, only the 'number of shares' in the formula is updated.
=> Other Issues:
Base Market Capitalisation Adjustment is required when new shares are issued by way of conversion of debentures, mergers, spin-offs etc. or when equity is reduced by way of buy-back of shares, corporate restructuring etc.
=> Base Market Capitalisation Adjustment:
The formula for adjusting the Base Market Capitalisation is as follows:
New Base Market Capitalisation = Old Base Market Capitalisation x ( New Market Capitalisation/Old Market Capitalisation )
To illustrate, suppose a company issues right shares which increases the market capitalisation of the shares of that company by say, Rs.100 crores. The existing Base Market Capitalisation (Old Base Market Capitalisation), say, is Rs.2450 crores and the aggregate market capitalisation of all the shares included in the index before the right issue is made is, say Rs.4781 crores. The "New Base Market Capitalisation " will then be:
2450 x (4781+100)
-------------------------- = Rs.2501.24 crores
4781
This figure of 2501.24 will be used as the Base Market Capitalisation for calculating the index number from then onwards till the next base change becomes necessary.
SENSEX - Scrip selection criteria:
The general guidelines for selection of constituents in SENSEX are as follows:
1) Listed History:The scrip should have a listing history of at least 3 months at BSE. Exception may be considered if full market capitalisation of a newly listed company ranks among top 10 in the list of BSE universe. In case, a company is listed on account of merger/ demerger/ amalgamation, minimum listing history would not be required.
2) Trading Frequency:The scrip should have been traded on each and every trading day in the last three months. Exceptions can be made for extreme reasons like scrip suspension etc.
3) Final Rank:The scrip should figure in the top 100 companies listed by final rank. The final rank is arrived at by assigning 75% weightage to the rank on the basis of three-month average full market capitalisation and 25% weightage to the liquidity rank based on three-month average daily turnover & three-month average impact cost.
4) Market Capitalization Weightage:The weightage of each scrip in SENSEX based on three-month average free-float market capitalisation should be at least 0.5% of the Index.
5) Industry Representation:Scrip selection would generally take into account a balanced representation of the listed companies in the universe of BSE.
6) Track Record:In the opinion of the Committee, the company should have an acceptable track record.
Index Review Frequency:
The Index Committee meets every quarter to discuss index related issues. In case of a revision in the Index constituents, the announcement of the incoming and outgoing scrips is made six weeks in advance of the actual implementation of the revision of the Index.
--------------------------------------------------------------------------------
Example
Suppose the Index consists of only 2 stocks: Stock A and Stock B.
Suppose company A has 1,000 shares in total, of which 200 are held by the promoters, so that only 800 shares are available for trading to the general public. These 800 shares are the so-called 'free-floating' shares.
Similarly, company B has 2,000 shares in total, of which 1,000 are held by the promoters and the rest 1,000 are free-floating.
Now suppose the current market price of stock A is Rs 120. Thus, the 'total' market capitalisation of company A is Rs 120,000 (1,000 x 120), but its free-float market capitalisation is Rs 96,000 (800 x 120).
Similarly, suppose the current market price of stock B is Rs 200. The total market capitalisation of company B will thus be Rs 400,000 (2,000 x 200), but its free-float market cap is only Rs 200,000 (1,000 x 200).
So as of today the market capitalisation of the index (i.e. stocks A and B) is Rs 520,000 (Rs 120,000 + Rs 400,000); while the free-float market capitalisation of the index is Rs 296,000. (Rs 96,000 + Rs 200,000).
The year 1978-79 is considered the base year of the index with a value set to 100. What this means is that suppose at that time the market capitalisation of the stocks that comprised the index then was, say, 60,000 (remember at that time there may have been some other stocks in the index, not A and B, but that does not matter), then we assume that an index market cap of 60,000 is equal to an index-value of 100.
Thus the value of the index today is = 296,000 x 100/60,000 = 493.33
This is how the Sensex is calculated.
The factor 100/60000 is called index divisor.
The above information is taken form the BSE web site. you can expect more updates in comming days about this.
Last week i went to hyderabad for small trip, there i met with one of my friend she was asking about how the sensex will be calculated. i gave her some explanation later i realized that i need to give explanation about this in detail because so many of us are not aware of this. Going down the history of premier Bombay Stock Exchange that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called The Stock Exchange, Mumbai by paying a princely amount of Re 1.
Since then, the country's capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock Exchange, Mumbai in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market.
Sensex is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, Sensex is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies.
The base year of Sensex is 1978-79 and the base value is 100. The index is widely reported in both domestic and international markets through print as well as electronic media.
The Index was initially calculated based on the "Full Market Capitalization" methodology but was shifted to the free-float methodology with effect from September 1, 2003. The "Free-float Market Capitalization" methodology of index construction is regarded as an industry best practice globally. All major index providers like MSCI, FTSE, STOXX, S&P and Dow Jones use the Free-float methodology. (See below: Explanation with an example)
Due to is wide acceptance amongst the Indian investors; Sensex is regarded to be the pulse of the Indian stock market. As the oldest index in the country, it provides the time series data over a fairly long period of time (From 1979 onwards). Small wonder, the Sensex has over the years become one of the most prominent brands in the country.
The growth of equity markets in India has been phenomenal in the decade gone by. Right from early nineties the stock market witnessed heightened activity in terms of various bull and bear runs. The Sensex captured all these events in the most judicial manner. One can identify the booms and busts of the Indian stock market through Sensex.
Sensex Calculation Methodology
Sensex is calculated using the "Free-float Market Capitalization" methodology. As per this methodology, the level of index at any point of time reflects the Free-float market value of 30 component stocks relative to a base period. The market capitalization of a company is determined by multiplying the price of its stock by the number of shares issued by the company. This market capitalization is further multiplied by the free-float factor to determine the free-float market capitalization.
The base period of Sensex is 1978-79 and the base value is 100 index points. This is often indicated by the notation 1978-79=100. The calculation of Sensex involves dividing the Free-float market capitalization of 30 companies in the Index by a number called the Index Divisor.
The Divisor is the only link to the original base period value of the Sensex. It keeps the Index comparable over time and is the adjustment point for all Index adjustments arising out of corporate actions, replacement of scrips etc. During market hours, prices of the index scrips, at which latest trades are executed, are used by the trading system to calculate Sensex every 15 seconds and disseminated in real time.
Dollex-30
BSE also calculates a dollar-linked version of Sensex and historical values of this index are available since its inception.
Understanding Free-float Methodology
Free-float Methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in Index. Free-float market capitalization is defined as that proportion of total shares issued by the company that are readily available for trading in the market.
It generally excludes promoters' holding, government holding, strategic holding and other locked-in shares that will not come to the market for trading in the normal course. In other words, the market capitalization of each company in a Free-float index is reduced to the extent of its readily available shares in the market.
In India, BSE pioneered the concept of Free-float by launching BSE TECk in July 2001 and Bankex in June 2003. While BSE TECk Index is a TMT benchmark, Bankex is positioned as a benchmark for the banking sector stocks. Sensex becomes the third index in India to be based on the globally accepted Free-float Methodology.
Adjustment for Bonus, Rights and Newly issued Capital:
The arithmetic calculation involved in calculating SENSEX is simple, but problem arises when one of the component stocks pays a bonus or issues rights shares. If no adjustments were made, a discontinuity would arise between the current value of the index and its previous value despite the non-occurrence of any economic activity of substance. At the Index Cell of the Exchange, the base value is adjusted, which is used to alter market capitalization of the component stocks to arrive at the SENSEX value.
The Index Cell of the Exchange keeps a close watch on the events that might affect the index on a regular basis and carries out daily maintenance of all the 14 Indices.
=> Adjustments for Rights Issues:
When a company, included in the compilation of the index, issues right shares, the free-float market capitalisation of that company is increased by the number of additional shares issued based on the theoretical (ex-right) price. An offsetting or proportionate adjustment is then made to the Base Market Capitalisation (see 'Base Market Capitalisation Adjustment' below).
=> Adjustments for Bonus Issue:
When a company, included in the compilation of the index, issues bonus shares, the market capitalisation of that company does not undergo any change. Therefore, there is no change in the Base Market Capitalisation, only the 'number of shares' in the formula is updated.
=> Other Issues:
Base Market Capitalisation Adjustment is required when new shares are issued by way of conversion of debentures, mergers, spin-offs etc. or when equity is reduced by way of buy-back of shares, corporate restructuring etc.
=> Base Market Capitalisation Adjustment:
The formula for adjusting the Base Market Capitalisation is as follows:
New Base Market Capitalisation = Old Base Market Capitalisation x ( New Market Capitalisation/Old Market Capitalisation )
To illustrate, suppose a company issues right shares which increases the market capitalisation of the shares of that company by say, Rs.100 crores. The existing Base Market Capitalisation (Old Base Market Capitalisation), say, is Rs.2450 crores and the aggregate market capitalisation of all the shares included in the index before the right issue is made is, say Rs.4781 crores. The "New Base Market Capitalisation " will then be:
2450 x (4781+100)
-------------------------- = Rs.2501.24 crores
4781
This figure of 2501.24 will be used as the Base Market Capitalisation for calculating the index number from then onwards till the next base change becomes necessary.
SENSEX - Scrip selection criteria:
The general guidelines for selection of constituents in SENSEX are as follows:
1) Listed History:The scrip should have a listing history of at least 3 months at BSE. Exception may be considered if full market capitalisation of a newly listed company ranks among top 10 in the list of BSE universe. In case, a company is listed on account of merger/ demerger/ amalgamation, minimum listing history would not be required.
2) Trading Frequency:The scrip should have been traded on each and every trading day in the last three months. Exceptions can be made for extreme reasons like scrip suspension etc.
3) Final Rank:The scrip should figure in the top 100 companies listed by final rank. The final rank is arrived at by assigning 75% weightage to the rank on the basis of three-month average full market capitalisation and 25% weightage to the liquidity rank based on three-month average daily turnover & three-month average impact cost.
4) Market Capitalization Weightage:The weightage of each scrip in SENSEX based on three-month average free-float market capitalisation should be at least 0.5% of the Index.
5) Industry Representation:Scrip selection would generally take into account a balanced representation of the listed companies in the universe of BSE.
6) Track Record:In the opinion of the Committee, the company should have an acceptable track record.
Index Review Frequency:
The Index Committee meets every quarter to discuss index related issues. In case of a revision in the Index constituents, the announcement of the incoming and outgoing scrips is made six weeks in advance of the actual implementation of the revision of the Index.
--------------------------------------------------------------------------------
Example
Suppose the Index consists of only 2 stocks: Stock A and Stock B.
Suppose company A has 1,000 shares in total, of which 200 are held by the promoters, so that only 800 shares are available for trading to the general public. These 800 shares are the so-called 'free-floating' shares.
Similarly, company B has 2,000 shares in total, of which 1,000 are held by the promoters and the rest 1,000 are free-floating.
Now suppose the current market price of stock A is Rs 120. Thus, the 'total' market capitalisation of company A is Rs 120,000 (1,000 x 120), but its free-float market capitalisation is Rs 96,000 (800 x 120).
Similarly, suppose the current market price of stock B is Rs 200. The total market capitalisation of company B will thus be Rs 400,000 (2,000 x 200), but its free-float market cap is only Rs 200,000 (1,000 x 200).
So as of today the market capitalisation of the index (i.e. stocks A and B) is Rs 520,000 (Rs 120,000 + Rs 400,000); while the free-float market capitalisation of the index is Rs 296,000. (Rs 96,000 + Rs 200,000).
The year 1978-79 is considered the base year of the index with a value set to 100. What this means is that suppose at that time the market capitalisation of the stocks that comprised the index then was, say, 60,000 (remember at that time there may have been some other stocks in the index, not A and B, but that does not matter), then we assume that an index market cap of 60,000 is equal to an index-value of 100.
Thus the value of the index today is = 296,000 x 100/60,000 = 493.33
This is how the Sensex is calculated.
The factor 100/60000 is called index divisor.
The above information is taken form the BSE web site. you can expect more updates in comming days about this.
short term news
stock name :- DLF (buy b/w 780 to 820) target price 845+
stock name:- NTPC (buy b/w 188 to 200) target price 222+
stock name :- Ispat industries (buy b/w 38 to 44) target price 50+
stock name JPHydro (buy b/w 68 to 75) target price 90+
stock name :- Unitech (buy b/w 345 to 375) target price 445+
stock name :- Essar Oil ( buy b/w 222 to 233) target price 248+
stock name :- Bank of India ( buy b/w 342 to 355) target price 375+
Monday, February 11, 2008
equity tips
buy RPOWER b/w 401 to 445 target price 800+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Note for Investor
Hello Friends,
Today (Date:Feb112008) you can see the game of big player, they can use your money via your own interest and today Rpower open on 530 and goes down & touch the figure of 386 and at present running on 445, what u think right now, according to me, Business news channels have main role in this stock because these news channel saw a big picture of large money, i just wana tell you only one thing only listen these type of channel and collect the news related to market but not play game in market, don't belive the suggestion of these type of channels because sometimes they providing you 20 or 30% perfect recomandation but 70% they make you fool. In this market i suggest you one thing only according to, In present market you play game on the market trend and the best option is buy the stocks for medium term (one year) and forget it everything and at last you will get good returns.
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Friday, February 8, 2008
IT sector
IT SECTOR MOVING UP
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
short term gain in month of feb
buy Sail (b/w 195 to 205) target price 222+
buy Ntpc (b/w 192 to 206) target price 222+
buy Essar oil (b/w 201 to 209) target 225+
buy Jpassociate (b/w 318 to 330) target price 345+
buy suzlon Energy (b/w 301 to 309) target price 325+
buy Ntpc (b/w 196 to 206) target price 222+
buy Rnrl (b/w 138 to 150) target price 175+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
buy Ntpc (b/w 192 to 206) target price 222+
buy Essar oil (b/w 201 to 209) target 225+
buy Jpassociate (b/w 318 to 330) target price 345+
buy suzlon Energy (b/w 301 to 309) target price 325+
buy Ntpc (b/w 196 to 206) target price 222+
buy Rnrl (b/w 138 to 150) target price 175+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Tuesday, February 5, 2008
equitytips
buy colgate target price 480+
buy crompgreav target price 335+
buy voltas target price 220+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
Monday, February 4, 2008
equity tips 4 u....enjoy
buy Indiabulls target price 777+
buy IBREAL target price 680+
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
--
Rohit Saxena
Kotak Securities
Phone No: 09891265905
Mail Id: rohit_9sep@indiatimes.com
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