selected NIFTY and SENSEX scrips will be available for order placement in pre-open session

Starting from October 18, 2010, the exchanges shall accept orders in equity cash segment for selected scrips before markets open. This mechanism, known as Call Auction is introduced to smoothen the volatility in the stock prices due to overnight developments, if any. This will also help investors in the process of better price discovery.

 

The SEBI circular comes into effect from Monday, October 18, 2010, wherein selected NIFTY and SENSEX scrips will be available for order placement in pre-open session which will last for 15 minutes from 9.00 a.m. to 9.15 a.m. The orders you place would be accumulated for first 8 minutes of this session. Based on the maximum executable quantity the exchanges will determine the discovery price. Opening price determination, order matching and trade confirmation will happen in the next 4 minutes. The last 3 minutes would be for transition from pre-open to normal trading session

Please click here to view the list of BSE and NSE scrips

what it means? P.E Ratio.

f there is one number that people look at than more any other number, it is the “Price to Earning Ratio (P/E)”. The P/E is a ratio that investors throw around with confidence as if it told the complete story. Of course, it doesn’t tell the whole story (if it did, we wouldn’t need all the other numbers.)
The P/E looks at the relationship between the stock price and the company’s earnings. The P/E is the most popular stock analysis ratio, although it is not the only one you should consider.
You calculate the P/E by taking the share price and dividing it by the company’s EPS (Earnings Per Share that we saw above)
P/E = Stock Price / EPS
For example: A company with a share price of Rs.40 and an EPS of 8 would have a P/E of: (40 / 8) = 5

What does P/E tell you?

Some investors read a high P/E as an “overpriced stock”.
However, it can also indicate the market has high hopes for this stock’s future and has bid up the price.
Conversely, a low P/E may indicate a “vote of no confidence” by the market or it could mean that the market has just overlooked the stock. Many investors made their fortunes spotting these overlooked but fundamentally strong stocks before the rest of the market discovered their true worth.
In conclusion, the P/E tells you what the market thinks of a stock. It tells you whether the market likes or dislikes the stock. If things are vague and unclear to you, do not worry. The next ratio will make everything you read till now make sense..

Cheques with alteration/corrections will not be honoured from 1st July 2010

Govt may introduce Direct Tax Code Bill in Monsoon Session - Economic Times

Govt may introduce Direct Tax Code Bill in Monsoon Session
Economic Times
NEW DELHI: Finance minister Pranab Mukherjee on Saturday also indicated that the government could introduce the Direct Taxes Code Bill in the monsoon session of the Parliament as 'the legislation will take some time”. He also promised that the ...
DTC Bill likely in next sessionFinancial Express
Pranab favours more debate on Direct Tax CodeBusiness Standard
Good, not great, budget for investorsMoneycontrol.com
Times of India -Financial Express -Business Standard

BUFGET 2010:Consumers will have to pay more for petrol, diesel, cars, TVs, cigarettes, tobacco, air-conditioner, gold and silver

1. Tax slabs revised
   Giving a relief to the middle class Finance Minister Pranab Mukherjee on Feb 26 revised the tax slabs for the next financial year.

The finance minister proposed the following slabs for individual tax payers:
There will be no tax for income upto Rs 1.6 lakh. This was the same earlier.
For income between 1.6 lakh - 5 lakh, the tax liability will be 10%. The older slab was 1.6 - 3 lakh.
For income between 5 lakh - 8 lakh, the tax liability will be 20%. Earlier 20% tax was deducted on Rs 3-5 lakh income.
Individuals with income of above Rs 8 lakh will have tax liability of 30%. Earlier 30% was deducted on income of Rs 5 lakh and above.
The government would allow a deduction of up to Rs 20,000 for investments in long-term infrastructure bonds. The deduction would be in addition to Rs 100,000 allowed under Section 80C of India's Income Tax Act.

The proposal to reduce the tax slab will benefit 60 percent of all tax payers," he said and added that he wished to hike the minimum alternate tax (MAT) to 18 percent of book profits from the present 15 percent.

3. Custom duties & cess
   Service tax retained at 15 per cent. Customs duty on gold to go down. Customs duty on silver at Rs 1500/kg. Rationalisation of customs on gaming software. Uniform concessional duty of 5 per cent on all medical appliances. Excise revenues to grow Rs 43,500 cr. More services to be taxed. 5 per cent customs duty on crude petroleum product. Peak customs duty remains at 10 per cent. Excise duty on CFL goes down to 4 per cent. Cess of Rs 50/ton on Indian coal.
4. Consumers will have to pay more for petrol, diesel, cars, TVs, cigarettes, tobacco, air-conditioner, gold and silver as the government on Friday announced hike in excise duty as part of a partial roll back of stimulus measures announced for reviving the economy.

   On the other hand, mobile accessories, medical equipment energy efficient CFL lamps, set top boxes, compact disc, toys and books will be cheaper on account of some tax concessions offered on these items by Finance Minister Pranab Mukherjee in the Union Budget for 2010-11.

   "Symptoms of economic recovery are widespread and more clear now," he said.

   Before announcing the tax measures, Mukherjee substantially cut income tax rates along with other direct tax concessions that would result in a net loss of Rs 26,000 crore to the exchequer.

.

New premium income during April-December

According to the data by the Insurance Regulatory and development Authority (Irda), new policy sales rose 10 per cent to around 33 million in April-December 2009 from 30 million in the first nine months of 2009-10.

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How to avoid loss while Buying stocks

  (a) Avoid buying stocks which are trading above 30% of their 20 DMA (day moving average)
(b) If the trend is up and a good stock has been spotted, than the best time is to buy the stock when the same is trading around 30% off its peak.
(c) If trend is confirmed and it is an uptrend than buy a stock when it starts trading 10% above the DMA.
(d) Do fix a stop loss for any trading strategy.

In the bear market: Accumulate more on every fall and invest for long term to reap full benefits. Even good stocks will be available at cheap prices in bear market due to bad sentiment.

Intra Day trading Rule:

Have confidence in yourself and abilities and reaffirm yourself in front of mirror or any where that you are a successful day trader and you are the best and market will also automatically start respecting the individual thinking with positive frame as one start taking judicious decisions.

Think big, think fast, think ahead. Ideas are no one’s monopoly”Dhirubhai Ambani