BSE Institute Ltd. signs MOU with Tolani College of Commerce

Mumbai, India, Aug 20: BSE Institute Ltd. today signed a Memorandum of Understanding (MoU) with Tolani College of Commerce, one of the premier colleges in Mumbai, to set up a Financial Literacy Mission Centre in their campus located at Andheri.

This Financial Literacy Mission Centre will offer various courses to students in the field of Finance and Financial Markets. These newly launched courses will include BSE Institute’s inimitable Global Financial Markets Professional (GFMP) program. On successful completion of the 12th grade, students willing to build a career in the field of banking and financial services can apply for this course with BSE Institute. Apart from providing coaching to enrolled students under certified faculties, BSE Institute will also help these students by providing hands-on assistance for internship and final placement.

Speaking on the occasion, Vinod Nair, Head Academics and Product Development at BSE Institute said, “Financial managers cannot operate in a vacuum—they make decisions within a large and complex financial environment. This environment includes financial markets and institutions, tax and regulatory policies, and the state of the Indian economy. The environment we are present in determines the available financial alternatives and affects the outcomes of various decisions, both. Thus, it is crucial that financial managers have a good understanding of the environment in which they operate. Currently most formal qualifications at both, the undergraduate and postgraduate level, are very academic in nature and do not provide the in-depth understanding required to make sound decisions. The Global Financial Market Professional (GFMP) program has been created to fill this lacuna. This program is designed, developed, and delivered by industry professionals to ensure that students get the desired exposure to edify them about current market practices.”

Dr. A. A. Rashid, Principal at Tolani College of Commerce said “The needs of today’s industry are very dynamic. Thus, our education system too has to adapt to these requirements. Education needs to go beyond class room teaching to make students ready to face challenges of the real world and also to make them proficient to survive, sustain and conquer in their field of choice. We are very glad to launch the Global Financial Market Professional (GFMP) program in collaboration with BSE Institute for the academic year 2015-16. This specialized program along with their regular courses for graduation will provide them with a blend of the basic knowledge of the subject in question along with the desired professional skills, which will help them to choose their futuristic career path. This will enable the students to be job-ready from the day they graduate and will be a preferred choice by recruiters. We look forward to the successful growth and development of the students with the help of this course, and we are sure to set a superior bench mark to achieve excellence.”

BSE Institute Limited (BIL) is a wholly owned subsidiary of BSE Limited. BSE Institute offers a bouquet of courses related to financial markets for students interested in achieving and upgrading their skills in this field, ranging from 5 international PG programs to more than 100 short term certifications.

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Greek Crisis hits Indian Stock Market

The trading session on Monday, the first day of the week, was not favorable for the investors as the Indian stock markets were seen in much volatile. The major reason for the volatile and bearish nature of trading was Greek crisis.

The Sensex of Bombay stock exchange was ended 166 points down and in intra-day trading the index was seen diving by 560 points. The weak global sentiments had weighed high on Indian stock market yesterday.

Greece Prime Minister declared Bank holiday, shutdown of banks for a week, as per recommendations made by the Central Bank of Greece. This move rattled investors across the world, but the Indian stock market fell heavily in the intra-day trading. It was the bankex that suffered most loss due the impact of Greek crisis or bank holiday in Greece. 

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This Week BSE Sensex gain 2.91%; Nifty rises 2.26 %

Equity market in India gained significantly snapping previous week’s loss this week ended April 10.BSE Sensex gained 619 points or 2.19 per cent and NSE Nifty rose 194.1 points or 2.26 per cent this week. On Friday, BSE Sensex opened at 28,889.27 points and ended at 28,879.38 points, down 5.83 points or 0.02 per cent.

The stock markets rallied following positive sentiments – Moody’s view on Indian Economy, RBI’s observation on the growth rate and the growth in the IIP for the month of February. The agencies view on Indian economy lifted the sentiments of the investors those witnessed choppy market trading last week. The industrial output data for the month of February rose by 5 per cent, which could be main tool to gauge the health of economy. Keeping view on the growth in industrial output, the market became more bullying this week. 

Experts believe that the stock markets will be bullying next week.

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Commodity Awareness Programme

Commodity Awareness Programme Organised by MCX and FMC to Promote Hedging

With an objective to create awareness, and educate the market participants about the benefits of hedging, Multi Commodity Exchange of India Ltd (MCX), Forward Markets Commission (FMC), and Bhadrak Jewellers Association, jointly organised an awareness programme at Bhadrak (Odisha) on January 22.

The programme served to explain in detail all the technicalities associated with the working of a commodity exchange. The experts elaborated on the topics such as the benefits of hedging, importance and need for risk management measures, role of commodity futures exchanges, and the regulatory perspective. They further explained to the market participants about the benefits and advantages—higher liquidity, transparent pricing, central clearing, robust risk management and surveillance system—of trading on a regulated commodity exchange platforms such as MCX. It was a platform to create a better understanding of the commodity futures market among the participants, thereby enabling them to hedge risks, in the face of volatile market conditions. Other topics included, economic benefits of commodity futures, historical perspective and growth of commodity markets in India, and diverse and innovative product basket offered by MCX among others.

Mr. Navanit Ray Parekh, President, Bhadrak Jewellers Association said, "Armed with the necessary knowledge shared by the experts today, we will now be able to better understand the functioning of the commodity markets, and hedge our bullion price risks by trading on the regulated commodity exchanges such as MCX."

"It was interesting to know about the different variants of both Gold and Silver contracts with different lot sizes —gold mini, gold petal, gold guinea, silver mini and silver micro— offered by MCX, to suit the requirements of the commodity value chain participants", he further added.

This informative seminar gave the participants a detailed insight into the world of futures trading and the plethora of benefits thereof to the stakeholders of the underlying commodities. Moreover, the speakers emphasised on the manner in which the participants can manage the risks arising from fluctuating prices by hedging such risks using commodity futures contracts.

The programme was attended by more than 100 market participants and the queries put forward by them were answered by the experts. They thanked FMC and MCX for organising this interactive session which helped them gain an insight into the commodity futures markets.

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BSE Sensex gains 87 pts and Nifty 36 pts This Week

The Benchmark Indices – BSE Sensex and NSE Nifty – retreated from their record highs struck after the Reserve Bank of India (RBI) cut key interest rates, as the initial excitement proved to be short-lived on the back of historic profit-taking, though crawled back to end modestly higher during the holiday shortened week.

A steady stream of buying excitement following the growth-oriented Budget proposals helped the stock markets to maintain its strong rallying momentum initially with investors’ sentiment surpassing Dallal street expectations. Robust foreign institutional investors’ appetite for Indian stock along with positive economic momentum and expectations that the much awaited insurance and coal mines bill will get the Lok Sabah nod also supported general mood.

The unabated buying frenzy charged up further the RBI eased policy rates by 25 basis points to 7.5 per cent on Wednesday. Its second inter-meeting cut this year on the back of easing inflation. The move witnessed benchmark indices scaling new highs. It was a memorable moment for the Indian stock markets as both BSE Sensex and NSE Nifty 30,000 and 9,100 milestone respectively with massive wave of buying spree. But the enthusiasm has proved short lived.

The two major events this week – the Union Budget 2015-16 and rate cut by RBI helped stock markets to cherish but the momentum could not last till the weekend. On Friday, the stock markets were closed on account of Holi festival.

Sun Pharmaceutical emerged as the best Sensex performer this week.

The BSE Sensex opened firmly higher 29,533.42 points and fluctuated between a higher of 30,024.747 points and a low of 29,162.47 points before finishing at 29,448.95 points, posting a gain of 87.45 points or 0.30 per cent.

NSE Nifty also overpowered a new peak of 9,119.20 points and a fresh low of 8,849.35 points before rebounding to finish at 8,937.75 points, showing a rise of 35.90 points or 0.40 per cent this week.

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Equity Markets this Week: Sensex plunges 1.59% and Nifty falls 1.68%

For the second consecutive week, both S&P BSE Sensex and CNX Nifty fell due to persistent selling pressure mainly in power, banking, auto, realty and PSU. Banking stocks suffered loss due to no change in the key interest rate by the Reserve Bank of India last week.

Currently, repo rate at 7.75 per cent, but SLR was reduced by 0.50 per cent to 21.50. There was speculation about a cut in the repo rate by the RBI as macro-economic e indicators were in favour.

The global issues and Delhi elections weigh high on the stock market sentiments this week.

The Sensex lost 465.04 points (1.59 %) to settle below 29,000 level at 28,717.91 points. In two weeks, the Sensex lost 560.93 points (1.92%) .

The 50-unit CNX Nifty shed 147.85 points (1.68%) to end at 8,661.50 points this week. In last two weeks, Nifty lost 174.55 points (1.98%).

The BSE Mid-Cap index fell 247.91 points (2.31%) and Small-Cap plunged 25.92 points (2.22%) this week (Feb 2 to Feb 8).

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Stock Market This Week, BSE Sensex loses 96 pts, Nifty fell 26 pts

Heavy profit booking at the fag-end of the week pulled down the S&P BSE benchmark Sensex by 96 points to close at 29,182.95 and CNX Nifty by 27 points to end at 8,808.90 points from their all-time high of 29,844.16 and 8,996.60 respectively.

Trading for the week started on a strong note, but the trend reversed on the last trading session of the week when large caps declined sharply. Volatile was high as traders rolled over positions in the futures and options (F&O) segment from the January 2015 series to February 2015 series.

The January 2015 derivatives contracts expired on Thursday. The S&P BSE Sensex fell by 95.89 points or 0.33 per cent to 29,182.95 points. The index hit a record high of 29,844.16 points intraday trade during the week.

The 50-unit CNX Nifty also fell by 26.70 points or 0.30 per cent to 8,808.90 points after hitting all-time intraday high of 8,996.60. However, the S&P BSE Mid-Cap index rose 42.92 points or 0.40 per cent to 10,738.59 while S&P BSE Small-Cap index fell 36.68 points or 0.32 per cent to 11,329.26. The stock market was closed on Monday, 26 January 2015, for Republic Day. Index heavyweights led rally in key benchmark indices on the first trading session of the week on Tuesday.

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