1. Would you like to join the IL team? See open jobs!
    Dismiss Notice
  2. What can you teach someone online? Tell us here!
    Dismiss Notice
  3. Take the 100 Days Positivity Challenge : Join Here
    Dismiss Notice
  4. If someone taught you via skype, what would you want to learn? Tell us here!
    Dismiss Notice

News On Stock Market....!!!

Discussion in 'Money Matters' started by pammor, Nov 10, 2007.

  1. pammor

    pammor Senior IL'ite

    Messages:
    151
    Likes Received:
    5
    Trophy Points:
    23
    Gender:
    Male
    Bombay Stock Exchange Starts Power Index; BHEL, NTPC Dominate


    <!-- WARNING: #foreach: $wnstory.ATTS: null at /bb/data/web/templates/webmacro_en/20601091.wm:313.2 --><!-- WARNING: #foreach: $wnstory.ATTS: null at /bb/data/web/templates/webmacro_en/20601091.wm:327.19 -->Nov. 9 (Bloomberg) -- Bombay Stock Exchange, Asia's oldest, launched a power index, seeking to reflect the demand for shares of electricity utilities that's helped Reliance Energy Ltd. more than triple in market value this year.

    Bharat Heavy Electricals Ltd., the nation's biggest power- equipment maker, will account for 22 percent of the 14-member BSE Power Index, the exchange said in an e-mailed statement. NTPC Ltd., India's biggest power producer, and Reliance Energy, the second-biggest, will together make up 28 percent.

    India's benchmark Sensitive stock index topped 20,000 for the first time last month and is on course for its sixth annual rise led in part by power generation and distribution companies. Bharat Heavy, Reliance Energy and NTPC are the best-performing shares this year, buoyed by rising demand for electricity in the world's second-fastest growing major economy after China.

    The exchange has set the index's base year at 2005 and will add companies based on the so-called ``free-float'' method of shares available for trading.
     
    1 person likes this.
    Loading...

  2. orion80

    orion80 Platinum IL'ite

    Messages:
    2,648
    Likes Received:
    552
    Trophy Points:
    233
    Gender:
    Female
    Lot of new indexes added in BSE and NSE this year. For more info, check out bse.com and nse.com
     

Share This Page