India has 153000 millionaires! 12th in World..

 

The emerging Indian Economy has taken the Indian entrepreneurs one step ahead making them more richer!

Previously we have seen many people doubling their wealth due to abnormal returns given by the Indian stock markets.  [Richest Indians]

The number of dollar-millionaires in India surged to a record high of 1.53 lakh (153,000) in 2010, making the country’s high net worth individual (HNI) population 12th largest across the globe.

At the same time, Indian millionaires also showed growing interest in investments like luxury collectibles (luxury cars, boats and jets), as also in sports, the annual survey found.

At the end of 2010, India’s HNI population stood at 153,000, up more than 20 per cent from 126,700 in 2009, when India was ranked 14th.

The worldwide population of HNIs rose by 8.3 per cent to 10.9 million, while their financial wealth grew by 9.7 per cent to $42.7 trillion.

The US is still home to the single-largest HNI segment in the world, with its 3.1 million HNIs accounting for 28.6 per cent of the global HNI population. [Source]

The main reason that has lead to the growth of the millionaires in India is the booming Indian Economy with the support of Global Economy.

According to (Report) annual World Wealth Report of Merrill Lynch Wealth Management and Capgemini.

 

Sensex gains 158 pts as blue chips bounce back:Sify, India

Sensex gains 158 pts as blue chips bounce back

The market shrugged off a rise in inflation, crude oil prices, weak Asian bourses and a highly negative start and closed with sharp gains today.

There were several volatile spells during the day but in the end, it was a buoyant close for the benchmark indices Sensex and Nifty thanks to sustained buying in metal, bank, FMCG, oil and auto stocks in afternoon trade.

Power, pharma and information technology stocks also broke free from their lower levels and rallied higher. Capital goods, PSU and realty stocks ended well off their intra-day lows thanks to renewed buying support.

While the Sensex, which rose to a high of 14,428.52 today, ended at 14,401.49 with a gain of 157.76 points or 1.11%, the Nifty closed at 4327.45, slightly off its intra-day high of 4337, with a gain of 43.60 points or 1.02%.

Earlier, in morning trade, the Sensex and Nifty had tumbled to 14,136.86 and 4248 respectively following a weak start.

Even as several large cap stocks marched on to higher levels this afternoon, the mood remained highly subdued with regard to stocks from midcap and smallcap segments. As a result, the market breadth was weak when trade ended today.

Out of a total of 2725 stocks traded on BSE, 1212 stocks closed with gains. 1411 stocks posted losses and 102 stocks ended flat.

Sterlite Industries and Hindalco ended stronger by over 4.25%. Hindustan Unilever moved up by 3.75%. HDFC gained 3.25%. BHEL, Tata Power, Reliance Infrastructure, HDFC Bank and Maruti Suzuki surged 2% - 3%.

Reliance Communications, Infosys Technologies, Ranbaxy Laboratories, Tata Motors, ACC, Mahindra & Mahindra and Reliance Industries advanced by 1.5% - 2%.

Bharti Airtel, Tata Steel, ONGC, Jaiprakash Associates and DLF posted modest gains. State Bank of India and ICICI Bank gained marginally. Tata Consultancy Services closed flat.
SAIL, Reliance Petroleum, Nalco, Cairn India, Tata Communications and Zee Entertainment ended with sharp gains. BPCL, Dr. Reddy's Laboratories and Power Grid Corporation finished with sharp losses.

Satyam Computer Services ended 3.15% down. Grasim Industries and NTPC also closed with sharp losses. Wipro eased by 0.9%. Larsen & Toubro and ITC declined by 0.85% and 0.3% respectively.

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Source: BL,BS,ET,Sify.

Sensex snaps winning streak, loses 74 pts at close: Sify,India

Sensex snaps winning streak, loses 74 pts at close
Sify India

NSE 5858.35 -6.65
BSE 19529.50 -73.91

It was a sluggish session for several blue chip stocks on the major Indian bourses today as participants stayed wary of building up positions due to lack of triggers. A few front line stocks did manage to garner support and posted smart gains, but then, save for a brief while this morning, it was a rather choppy journey for the benchmark indices Sensex and Nifty today.

While the Sensex, which opened with a positive gap of over 100 points at 19,707.86 - it remained its high for the session - but tumbled to 19,482.34 in late afternoon trade, ended with a loss of 73.91 points or 0.38% at 19,529.50, the Nifty settled 0.11% or 6.65 points down at 5858.35. In intra-day trades today, the Nifty touched a high of 5897.25 and a low of 5840.30.

Midcap and Smallcap stocks, however, had a fairly bright outing once again. Mirroring investor interest for these stocks, the BSE Midcap and Smallcap indices climbed up 1.6% and 1.58% respectively. Reliance Industries (down 2.3%), Tata Consultancy Services (down 2.2%), ICICI Bank (down2.1%), Satyam Computer Services (down1.55%), ONGC (down 1.25%) and Ranbaxy Laboratories (down 1.1%) took a severe beating in late afternoon trade.

Grasim Industries, Bharti Airtel, HDFC, Maruti Suzuki, Reliance Energy, NTPC, ACC, State Bank of India and Bajaj Auto eased by 0.25% - 1%. Cipla ended with a marginal loss at Rs 184.80. Reliance Communications ended at its previous closing price.

A host of stocks from the metal space, led by Tata Steel (4.1%), surged higher and lifted the Metal index up by nearly 3.25% today. Hindalco, which remained somewhat subdued for a better part of the session, ended with a gain of 1.15%. SAIL shot up by 8.55% to Rs 284.90. Maharashtra Seamless vaulted 12.4% to Rs 574.10. Jindal Steel jumped 9.3% on strong volumes.

Jindal Stainless, Shree Precoated Steels, Sesa Goa, JSW Steel, Gujarat NRE Coke, Bhushan Steel and Jindal Saw gained smart ground. Ispat Industries edged up by around 0.75%. Mahindra & Mahindra ended with a handsome gain of 2.8%. BHEL closed 2% up at Rs 2815.40. Ambuja Cements, which opened on a high note, lost its way sometime past mid afternoon, but bounced back a bit to close with a sharp gain of 1.25%. Larsen & Toubro gained 1.25%.

Infosys Technologies, Tata Motors and Wipro also finished with notable gains. ITC, Hindustan Unilever and HDFC Bank edged up marginally. DLF opened well but pared its gains and ended little changed from its previous closing price.

VSNL, Unitech, Reliance Petroleum, Sterlite Industries, Hero Honda, GlaxoSmithKline Pharma, HCL Technologies and Sun Pharmaceuticals ended with sharp losses. Hindustan Petroleum Corporation and BPCL moved up by 4.25% and 4.15% respectively. Tata Power, GAIL India, MTNL, Siemens and Punjab National Bank also closed with impressive gains.

Chambal Fertilizers, Mico, Godrej Consumer Products, Ingersoll Rand, Puravankara Projects, IVR Prime, Mangalore Refineries & Petrochemicals, Indian Oil Corporation, J&K Bank, Ashok Leyland, Tata Tea, Chennai Petroleum Corporation, Bombay Dyeing, Alstom Projects, Gujarat Minerals and National Fertilizers closed with strong gains today.

Wire & Wireless, which flared up by 22.65% to Rs 86.10, was the biggest gainers in the Midcap index. Jain Irrigation Systems shot up by 19.15%. Essar Steel zoomed 18%. Educomp Solutions, Adlabs Films, Essar Shipping, Mahindra Life, M&M Financial Services, Dalmia Cement (Bharat), Ruchi Soya, Bata India, NIIT, Ansal Infrastructure and Yes Bank were among the other big gainers from the midcap space.

Everonn Systems, Aegis Logistics, Techno Electric Engineering, Jindal South West Holdings, C&C Constructions, MCD Holdings, Kemrock, Kewal Kiran, Crew BOS, Varun Shipping, Nitin Fire Protection Equipments, Inox Leisure, Hindustan National Glass, Zuari Industries, Adhunik Metals and Raj Television were among the big gainers from the smallcap index.

Essar Oil (up 2.4%) was the turnover topper once again. On the National Stock Exchange, the Essar Oil counter recorded a turnover of nearly Rs 1075 crore today. Around 35.19 million shares were transacted at the Essar Oil counter on NSE. Shares of Mundra Port & Special Economic Zone were also in demand. The stock gained nearly 8.25% on NSE today on a strong volume of 4.85 million shares. IFCI also figured in the most active securities list. However, the stock was at the receiving end today. It lost 2.25% as it settled at Rs 104.35.

Though the premier indices ended in the red today, the market breadth was positive thanks to strong buying in midcap and smallcap stocks. Out of 2864 stocks traded on BSE, 1934 stocks surged higher. 878 stocks closed in the negative territory and 52 stocks ended at their previous closing levels.


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Sensex slips 120 pts on global weakness at close: Sify, India

NSE 5698.15 33.55
BSE 19127.73 119.81

As weak global markets dampened the sentiment, the bulls stayed away from the ring right through the session, and, notwithstanding a smart rally staged by a few of their components, the benchmark indices Sensex and Nifty ended in the red today.

While the Sensex, which opened with a negative gap of around 120 points at 19,128.86 and slipped to a low of 19,019.33 in intra-day trades, ended the day with a loss of 119.81 points or 0.62% at 19,127.73, the Nifty closed with a loss of 33.55 points or 0.59% at 5698.15. In intra-day trades today, the Nifty touched a low of 5655.60.

Select auto, realty and information technology stocks had a nice ride up the charts. Capital goods stocks bounced back from their lower levels and regained lost ground in late afternoon trade. Oil, FMCG and healthcare stocks too found support during the closing minutes. Bank and metal stocks had a somewhat sluggish outing. Though a few of them posted smart gains, due to the sharp decline in values of some key stocks in these sectors, the Bankex and Metal indices went down by 0.9% and 1.03% respectively.

Bharti Airtel, which eased by 3.3%, was the biggest loser in the Sensex pack. ICICI Bank ended with a sharp loss of 2.15% despite rallying to Rs 1132.40 from a low of Rs 1119. Reliance Energy, Maruti Suzuki, NTPC, Hindalco and ACC lost 1.5% - 2%. Reliance Industries closed with a loss of 1.4% at Rs 2842. ONGC lost nearly a per cent. Ranbaxy Laboratories, ITC, HDFC Bank, Mahindra & Mahindra and Reliance Communications also ended with sharp losses. HDFC lost around a quarter per cent. Tata Steel, Larsen & Toubro and Infosys Technologies finished with small losses.

BHEL notched up a sharp gain of 2.6%. Bajaj Auto rallied 2.55% to Rs 2653.05. State Bank of India (1.4%), Tata Consultancy Services (1.2%) and Wipro (1.15%) also closed with smart gains.
Tata Motors ended 0.9% up at Rs 716.55. DLF shrugged off a weak start and posted a gain of 0.7%. Ambuja Cements, Grasim Industries and Satyam Computer Services also ended on the positive side, albeit with less pronounced gains. Hindustan Unilever and Cipla ended with slender gains.

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Source: http://www.sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.