Patni Computer Systems declined 1.56% to Rs 443 at 9:57 IST on BSE, after the company's American depository receipts, or ADR slumped 3.29% to $20.30 on the New York Stock Exchange on Tuesday, 10 August 2010. Meanwhile, the BSE Sensex was down 23.91 points, or 0.13% at 18,196.08. On BSE, 19,958 shares were traded in the counter as against an average daily volume of 89,900 … [Read more...]
Nifty View ( 25 May 2010 )
Date:- 24 May 2010 Time :- 07:10 Pm From last couple of days the nifty was trading below 5000 mark and was indicating that its in short term bearish mode though the long term is bullish only. Today also nifty has tried to cross the 5000 mark and made high of 5023 ( nifty Future ) but it was not able to sustain there. As soon as nifty started to trade below 5000 mark in … [Read more...]
What is Banking And Securities Industry Committee – BASIC
A committee established in 1970 to standardize, automate and streamline stock certificate and options processing. The Banking and Securities Industry Committee (BASIC) sought to uphold uniform rules and regulations regarding the trading and settlement of securities. The Banking and Securities Industry Committee (BASIC) sought to uphold uniform rules and regulations regarding … [Read more...]
What Does Baltic Dry Index – BDI Mean?
The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange.A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. Not restricted to Baltic Sea countries, the Index tracks worldwide international shipping prices of various dry … [Read more...]
What Does Biased Expectations Theory Mean?
A theory that the future value of interest rates is equal to the summation of market expectations. In foreign exchange, a theory that forward exchange rates for delivery at some future date are equal to the spot rates for that date. The theory only functions in the absence of a risk premium. Critics contend that the evidence shows that biased expectations do not occur in actual … [Read more...]