MCX- world's no.3 commodity futures exchange

MCX-SX (multi commodity exchange-stock exchange)
with its 40-stock index SX-40, it is third full fledged bourse after BSE and NSE.
Globally MCX is no.1 in Silver and Gold ; No.2 in Natural gas, No.3 in Crude Oil.
The index allows fast entry for better free float and hedge against commodity price volatility.

It will begin trading in equities and equity derivatives from Monday.

Market Watch of Asia

The BSE benchmark Sensex recovered by over 116 points in early Tuesday trade as power sector stocks surged on fresh buying by funds and retailers after the government cleared proposal to restructure debt worth nearly Rs. 2 lakh crore for state electricity boards.
Wide-based National Stock Exchange index Nifty moved up by 33.10 points, or 0.58 per cent, to 5,702.70.

In the power sector, stocks of Tata Power rose by 2.03%, Reliance Power gained 2.55 per cent, NTPC gained 1.44% and Adani Power up by 5.14%.

 In Asian region, Japan's Nikkei was up by 0.21%, while Hong Kong's Hang Seng index losses 0.20%.

The US Dow Jones Industrial Average ended 0.15% lower in yesterday's trade.

Market heat in India

The BSE benchmark rose 2 points to 17,559.86 and the NSE benchmark climb up to 2 points to 5,322.30.

Housing finance company has extended gains to 2.5% whereas top commercial vehicle maker Tata Motors still stand on top losers group with 2.6% losses.

Vedanta group company Sterlite Industries and country's largest car manufacturer Maruti Suzuki rallied 2% each.

Telecom operator Bharti Airtel and state-owned power equipment manufacturer BHEL jumped 1.5%.

Engineering and construction major Larsen & Toubro was on upside with 0.9% and index heavyweight Reliance Industries moved up 0.7%.

India's largest private sector lender ICICI Bank fell 1.2% while its rival State Bank of India gained 0.3%. Cigarette major ITC went down 0.7%.

Shares of TCS, HUL, Tata Steel, Hindalco Industries, Hero Motocorp and Jindal Steel were down 1-2%.

Market Buzz

The BSE Sensex and NSE Nifty pared losses led by buying interest in banks and FMCG stocks. European markets too recouped losses after initial fall; France's CAC, Germany's DAX and Britain's FTSE were flat.

The BSE benchmark rose 5 points to 17,543.56 while the NSE benchmark declined 3.55 points to 5,323.75.

Country's largest private sector lender ICICI Bank spiked over 1% while its rival HDFC Bank gained 0.8%. Top lender State Bank of India turned flat after recovery.

Housing finance company HDFC, and FMCG majors ITC and HUL moved up 1.3% each. Commercial vehicle maker Tata Motors and utility vehicle manufacturer Mahindra & Mahindra climbed 1%.

State-owned power equipment manufacturer BHEL went up 0.5% whereas engineering and construction major by sales Larsen & Toubro was down 1%.

Reliance Industries, India's most valued stock trimmed losses to 0.5% and top software services exporter TCS to 0.12% from 1% each.

Shares of Infosys, Wipro, Bharti Airtel, ONGC, Tata Steel and NTPC were down 0.5-1.5%.

Market Today

Finally my fears of market are stepping back from my life and hope it continue to do so. With the market going up and also prices of petrol I seriously think I should now again concentrate on markets and convert my insurance schemes into money values. Let's see what's in the market today :
Today most topped groups are of Pharmacies and Oil companies.

Tata Motors Ltd. (TTMT), the nation’s biggest truckmaker and owner of Jaguar Land Rover, dropped 1.2 percent after June sales declined. Bharti Airtel Ltd. (BHARTI), the largest mobile-phone operator, climbed 1.1 percent.

The BSE India Sensitive Index (SENSEX), or Sensex, retreated 0.2 percent to 17,403.83 at 9:54 a.m. after shuffling between gains and losses at least five times.
“Investors are taking a breather given the superb rally we had last month,” said Alex Mathews, head of research at Geojit BNP Paribas Financial Services Ltd. in Kochi. “They are waiting for some trigger which could come from more reform measures by the Prime Minister to boost economic growth.”

Indian stocks jumped the most in Asia in June on optimism Prime Minister Manmohan Singh will accelerate the government’s reform agenda after he took over the country’s Finance Ministry on June 26. Singh, who will head the ministry until a successor for Pranab Mukherjee is named, was finance minister in the 1990s, sparking an economic turnaround that now faces one of its sternest tests.

Reform Pressure

Singh’s administration has seen its agenda stymied by opposition from its own coalition allies, and last year suspended a plan to allow Wal-Mart Stores Inc. (WMT) and other foreign companies to buy majority stakes in Indian multi-brand retailers. An anti-corruption bill and proposals to allow foreign direct investment in pensions have also been shelved.

The Sensex has gained 13 percent this year and trades at 13.6 times estimated earnings. Valuations sank to a three-year low of 12.4 times on May 23 on concern slowing economic growth will hurt corporate profits. The MSCI Emerging Markets Index trades at 10 times.

Overseas investors sold a net $122.1 million of Indian stocks on June 28, paring their investment this year to $8.6 billion, according to the nation’s market regulator.

sensex newstotal

A strong stock market, which saw the BSE Sensexsurge 2.69%, has pushed up the combined market capitalisation (m-cap) of top nine blue-chips by Rs.46,869 crore, with energy major RIL alone adding Rs.8,645 crore to its value.

TCS , ONGC , Coal India, ITC , SBI , Infosys , HDFC Bank and NTPC also logged gains in value.

Bharti Airtel , however, was the only one in top-10 that saw slump in m-cap for the trading week ended on Friday.

The market value of Reliance Industries Ltd surged Rs. 8,645 crore to Rs. 2,41,481 crore, followed by IT major TCS which added Rs. 8,582 crore taking its m-cap to Rs.2,50,044 crore on Friday.

ITC's value climbed Rs. 6,568 crore to Rs. 2,02,458 crore, while NTPC added Rs.6,267 crore to reach Rs. 1,31,721 crore.

Similarly, the m-cap of CIL jumped Rs. 6,190 crore to Rs. 2,19,430 crore; ONGC saw a gain of Rs. 4,534 crore at Rs. 2,43,574 crore and HDFC Bank added Rs. 4,346 crore at Rs. 1,32,371 crore.

Infosys' value soared Rs. 1,576 crore to Rs. 1,43,703 crore and m-cap of SBI rose byRs. 161 crore to Rs. 1,44,888 crore.

In contrast, the market worth of Bharti Airtel slipped Rs. 2,184 crore to Rs. 1,15,824 crore.

TCS retained the first slot in the top 10 list for the week, followed by ONGC, RIL, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti.

  

State run Coal-India beat the corporate leaders

In between the present trend of downmarket, the cumulative market capitalisation of eight of the top 10 companies grew by Rs 39,723 crore, with state-run Coal India alone adding Rs 8,432 crore.
However, corporate leader Reliance Industries and power producer NTPC saw erosion in their market value.
The BSE 30-scrip benchmark index Sensex up by 1.38% to end the trading week at 16,949.83 on Friday.
CIL m-cap advanced Rs 8,432 crore at Rs 2,14,724 crore, becoming the top gainer among the top 10 firms.
IT bellwether TCS was the second biggest gainer as its m-cap rose by Rs 7,887 crore at Rs 2,48,850 crore.
FMCG firm ITC added Rs 6,568 crore taking its value to Rs 1,93,975 crore, while the m-cap of Infosys surged Rs 5,791 crore to Rs 1,44,708 crore.
ONGC saw a spurt of Rs 5,561 crore in its market worth which stood at Rs 2,27,362 crore, while Bharti Airtel 's valuation moved up Rs 3,057 crore to Rs 1,18,444 crore. HDFC Bank added Rs 2,243 crore at Rs 1,28,694 crore and SBI 's worth climbed Rs 184 crore to Rs 1,46,475 crore.
In contrast to the gains made by these companies, RIL saw the loss stage of Rs 917 crore from its m-cap which was at Rs 2,37,928 crore, while NTPC lost Rs 4,659 crore from its value which was stood at Rs 1,23,764 crore.
TCS retained the number one position on the list, while RIL was at second place, followed by ONGC, CIL, ITC, SBI, Infosys, HDFC Bank, NTPC and Bharti.

The overseas capital flows have turned negative

India’s slowing economy, slowdown in China and worsening global risk aversion has registered a sharp fall on Friday's Stock Market with the Sensex taking a 253.37-point plunge to close below the 16,000 mark which kept investors away.
The Sensex opened flat, quickly slipped into a negative zone and closed at 15,965.16 points. The fall was triggered by weaker global shares after surveys showed Chinese factory output barely growing and powerful European manufacturing countries falling deeper into the malaise. The NSE 50-share Nifty too tumbled down by 82.65 points to 4,841.60.
Meanwhile,The rupee, meanwhile, gained 54 paise to end at 55.54 against the dollar on persistent dollar selling by exporters with the RBI hinting at the possibility of opening a separate dollar window for oil firms. However, with a 0.3 per cent on the week, the domestic currency posted a ninth consecutive weekly drop, worst losing streak since the Lehman crisis.
“The overseas capital flows have turned negative in the wake of the controversy over GAAR, Vodafone tax dispute and weak economic fundamentals,” Amar Ambani, head of Research, IIFL, said. Investors wealth, or market capitalisation, declined by Rs 91,000 crore. Capital goods, power, auto, refinery and IT indices logged losses of at least 2 per cent while shares of banking, metal, realty, PSUs and healthcare sectors also moved down. In the Sensex pack, 27 of the 30 stocks ended the session with losses with Tata Motors emerging as the biggest loser with a fall of 3.73 per cent.
The BSE Mid-Cap index fell 1.46 per cent, while the BSE Small-Cap index fell 1.22 per cent. Eighty two percent of the 246 mid-cap scrips declined, while 70 per cent of the 535 small-cap scrips declined on the BSE.

Over Rs. 77,000 cr investor wealth vanishes....

The market value of stocks listed in markets today plunged by over Rs. 77,000 crore with the BSE benchmark Sensex plummeting nearly 300 points amid rupee touching record lows against the US dollar. 
Total investor wealth, measured in terms of cumulative market capitalisation (m-cap) of 

all listed companies in the country, dropped to Rs. 57.48 lakh crore at the end of today's trade. This is a notional drop of Rs. 77,288 crore from the total m-cap of Rs. 58.25 lakh crore recorded on Tuesday.

The 30-share index Sensex fell 298.16 points, or 1.83 %, to close at 16,030.09. The Sensex on Wednesday touched 15,974.60-level in intra-day trade for first time after January 12, as foreign funds sold stocks. 28 out of 30 Sensex stocks ended with losses.

The 50-share Nifty lost 84.55 points, or 1.71 %, to 4,858.25.

Across the 2,831 counters traded on the Indian markets, 1733 stocks declined while 983 shares ended with gains.

Among the blue-chips, Tata Motors was the worst performer dropping 7.34 % to Rs. 269. The fall in Tata Motors' shares was significant in dragging the key indices.

Markets showed negative movement on Greek political uncertainty and sharp depreciation in rupee, European markets were in the negative zone at open, which too added to the woes.

Among major losers, Tata Steel was down 3.89 %, BHEL lost 3.74 %, HDFC shed 3.71 % and Hindalco went down by 3.28 %.   

Concern over Rupee

The rupee fell on Friday, posting its longest weekly losing streak since the 2008 global financial crisis, after data showing a contraction in factory output for March added to worries about India's economic outlook.

The rupee remains within sight of a record low of 54.30 against the dollar hit in December, having fallen for six consecutive weeks, its longest losing streak since a string of 11 weekly losses in late 2008.

Worries about India's fiscal challenges and its growth outlook are combining with concerns about foreign outflows, resulting in a toxic mix.

The Reserve Bank of India (RBI) has tried to control the falls with frequent interventions though no definitive signs of dollar selling emerged on Friday and measures such as Thursday's order for exporters to convert half of their forex holdings into rupees.

Markets only felt a silent impact after a deputy governor at the central bank said it will continue to target volatility in currencies and appeared to open the door for potential rate cuts.

The rupee ended at 53.63-64 to the dollar, after it had closed at 53.44-45 on Thursday. It fell 0.3% for the week.

Factory data contracted 3.5% in March from a year earlier, government data showed on Friday. The data is volatile, but is an important print for economic activity.

Also weighing on the rupee on Friday was the continued fall in stocks, which notched their fourth consecutive daily loss.

The one-month offshore non-deliverable forward contracts were at 53.94.

In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all ended around 53.80 on a total volume of USD 4.32 billion.

Market buzz of the morning

Extending gains for the fourth straight session, the BSE benchmark Sensex rose by another 53 points in early trade on Thursday on sustained buying by funds and retail investors.
The 30-share barometer, which had gained nearly 300 points in the previous three sessions, up by
53.18 points, or 0.31%, at 17,445.57.
All sectoral indices, except capital goods, were trading in the positive zone with gains of up to 0.69%.
The wide-based National Stock Exchange index Nifty moved up by 15.90 points, or 0.30%, to 5,315.90.
Brokers said continued buying by funds and retail investors, driven by a cut in lending rate by RBI on Tuesday amid expectations of encouraging Q4 earnings by corporates, mainly influenced the sentiment.
In the Asian region, the Hong Kong's Hang Seng Index rose by 0.17%, while Japan's Nikkei index shed 0.91% in morning trade today. The US Dow Jones Industrial Average ended 0.63% lower in 's trade.
As far as European shares are concerned they are still waiting for Spain's bond auction so they are called mixed to flat Thrusday

Recovery of Rupee and so India from Tsunami fear

The rupee today recovered from three-month lows to close higher by 5 paise at 51.42/43 against the US currency on fresh dollar selling by banks despite weak equity markets. 
The rupee resumed lower at 51.51/52 per dollar at the Interbank Foreign Exchange ( Forex) market against the last close of 51.47/48. It dropped further to a three-month low of 51.70 on renewed dollar demand from importers amidst weakness in local equity markets. 
But, later it recovered to 51.38 per dollar before settling at 51.42/43 per dollar, showing a gain of five paise. 

Fresh selling of dollars by banks and exporters in view of weak dollar in overseas markets mainly boosted the rupee's value against the dollar, a dealer said.
In London, the yen rose to a six-week high against the dollar today as concerns grew about worsening debt problems in a number of euro zone economies that may threaten global growth, boosting demand for the safe-haven currency.

In second day of dull trading, the BSE Sensex fell 44 points to 17,199.40 as investors remained cautious ahead of industrial growth data, weak global markets and a massive earthquake in Sumatra that triggered tsunami fears in the Asian region, including India. 

India issued a tsunami warning for Nicobar islands and alerted the coastal regions of Tamil Nadu and Andhra Pradesh following the quake during the last hour of trading, and the stock market was unable to sustain the gains it had begun to make just before that. 

From rise to down

From the yesterday's report of market recovery and green shots it was quite obvious to think og good future and corporate scorecard brings cheer sensex intra day movement was from 14843.12 rose to 15264.84. Car maker Suzuki at Rs.583.54 (25.3%), Bharti Airtel at a profit of Rs. 2517 crore
(17%), Aditya Birla at a profit of Rs.297.10 crore, Cigarette-to-hoteld conglomerate ITC rise of Rs.879 core (17.4).....
While today's market report uptill was below satisfactory with the Red color of sensex, which had plunged to 15,198.68 from a high of 15,418.61 earlier this morning, is currently down with a slender loss at 15,230.40. The Nifty is down 4.10 points at 4519.65. Earlier, after moving on to 4575.15 in opening trades, the Nifty had tumbled to 4514.50. little bit of relaxations are provided coming from the several midcap and smallcap stocks hold on in the positive territory with a significant portion of their early gains intact. The market breadth is fairly strong. Out of 2322 stocks seen in action on BSE, 1479 stocks are up with gains. 765 stocks have posted losses and 78 stocks trade flat.

With several blue chip stocks finding support hard to come by at higher levels, the benchmark indices Sensex and Nifty, which faltered after a rousing start, are seen struggling to make a headway now.

BSE : 15248.14 NSE :4530.50

The Sensex, which had plunged to 15,198.68 from a high of 15,418.61 earlier this morning, is currently down with a slender loss at 15,230.40. The Nifty is down 4.10 points at 4519.65. Earlier, after moving on to 4575.15 in opening trades, the Nifty had tumbled to 4514.50.

Realty and automobile stocks continue to hog the limelight. Consumer durables stocks have rallied after a somewhat subdued start. A few stocks from metal, information technology, capital goods and power sectors have posted sharp gains. PSU, pharma, oil, bank and FMCG stocks remain a bit subdued.

Meanwhile, several midcap and smallcap stocks hold on in the positive territory with a significant portion of their early gains intact. The market breadth is fairly strong. Out of 2322 stocks seen in action on BSE, 1479 stocks are up with gains. 765 stocks have posted losses and 78 stocks trade flat.

Maruti Suzuki remains the top gainer in the Sensex. At Rs 1346, the stock is up by nearly 4%. Strong quarterly results and expectations of higher sales in forthcoming quarters of this fiscal are driving the stock up north today. Tata Motors has gained close to 3.5% at Rs 352. Mahindra & Mahindra, which has eased a bit to Rs 813, is up by 1.4%.

DLF is up with a gain of 3.3%. Tata Steel, Sterlite Industries, BHEL, Hindalco, Jaiprakash Associates and Infosys Technologies are up by 1.5% - 3%. Tata Consultancy Services, Wipro, Tata Power and Reliance Communications are up with modest gains. NTPC is up marginally.

SAIL, Ambuja Cements, HDFC, Punjab National Bank and ITC have lost over 2%. ICICI Bank, Cipla, Reliance Infrastructure, HDFC Bank, State Bank of India, ONGC, Power Grid Corporation, Axis Bank and Siemens are also trading with sharp losses.

Among midcap stocks, Havells India, Phoenix Mills, HT Media, Amtek Auto, Tulip Telecom and Bharat Forge are up by 6% - 8%. Godrej Consumer Products, TV 18, MRF and BF Utilities are up by over 5%.

KEC International, Gujarat Petronet, EID Parry, GE Shipping, Bannari Amman Sugars, MphasiS, Monnet Ispat, Carborundum Universal and Rashtriya Chemicals & Fertilizers are also trading firm with impressive gains.

Market today

Shares of telecom, capital goods, private power, auto and select cement companies helped the indices to post strong gains followed by broader indices, investing in these shares proved good which took market high on second half.
Domestic funds were the today's buyers in trade. Incremental flows from FIIs were too positive and long only funds were buyers in large cap stocks.
Telecom stocks gave strong support to the indices, as a leading FII was accumulating large cap telecom stocks like Bharti and Idea Cellular, which were up 5.47% and 4.76%, respectively. Reliance Communication gained 3.57%.
The 30-share BSE Sensex closed 194.06 points or 1.74% higher at 11,329.05 and the 50-share NSE Nifty rose 1.67% or 57.05 points, to settle at 3,480.75. The broader indices also ended in line with the benchmark indices - CNX Midcap was up 1.68%, to 3959.80 and BSE Smallcap Index closed at 4,068.26, up 68.48 points or 1.71%.
Bharti Airtel, Reliance Industries, SBI, L&T, HDFC, ICICI Bank, Grasim, M&M, HDFC Bank, Reliance Communication, Tata Power, Reliance Infrastructure, TCS and ACC were leading counters in today's gain.
The markets ended higher this week; the Sensex was up 2.78% and the Nifty gained 2.85%. Among broader indices, CNX Midcap Index was up 2.3% and BSE Smallcap Index gained 2.8%. Nifty Junior went up 5%.

Friday market

20th Feb: Friday's market closed on sharply lower note, banks, ITs, and metal hit the maximum losses but traders managed to covered shorts during crucial levels. The Indian market will remain close on Monday for Mahashivratri celebrations. Analyst pointed out this losses majorly as investors were absent ahead of long weekend and uncertainty in the US.
NSE's nifty bounced back from 2700 to close at 2736.45 down at 52.90 points.
BSE's sensex was at 8843.21 down 199.42 points.

Indian capital market still inspires confidence: SEBI

Indian capital market still inspires confidence: SEBI

Not all is gloomy in the current economic environment, at least in the financial terrain, which indicates that the turnaround still holds promise and inspires confidence in the Indian capital markets, says the monthly bulletin by the market regulator.

While funds raised through public issues have fallen more than 94 per cent in the first eight months of the current financial year, money raised through rights issues has climbed up marginally, Securities and Exchange Board of India (SEBI) in its December bulletin said.

It stated that the 18 rights issues during April-November 2008-09 raised Rs 10,627 crore, slightly higher than in the year-ago period.

Funds raised by the corporates through private placement of debt issues have kept pace with that in the 2007-period.

Funds raised in the eight-month period is Rs 86,604 crore, trailing last year's by a mere 2 per cent.

The falling-behind trend, here, has been arrested since October. The last two months in the review period registered a rise of 52 per cent each in terms of amounts raised both on the BSE and NSE against last year.

While net resource mobilisation by mutual funds for the April-November period is negative at Rs 30,530 crore as against last year's positive Rs 1,35,124 crore, the figure for November is a positive Rs 13,789 crore.

However, net investment by mutual funds, which stands at Rs 23,135 crore in April-November period, was more than halved in the last two months of the period as the funds liquidated Rs 28,621 crore, mainly in debt.

Even as foreign institutional investors (FIIs) liquidated Rs 35,730 crore in the current financial year till November, there was a net inflow of foreign funds of Rs 1,616 crore in November, the regulator said.

About investment, it said, there is a clear inclination towards debt instruments than equity, according to the figures reported in the SEBI's bulletin.

In the review period, FIIs liquidated Rs 43,304 crore in equity, whereas invested Rs 7,574 crore in debt. And, mutual funds, in the period, invested Rs 15,610 crore in debt, double of its investment of Rs 7,526 crore in equities.

Besides, last Monday, Commerce Minister Kamal Nath said the foreign direct investment (FDI) of USD 18.7 billion in the first three quarters of the current fiscal year is double than last year.

News Source : Indian capital market still inspires confidence: SEBI

Indian capital market still inspires confidence: SEBI

Indian capital market still inspires confidence: SEBI

Not all is gloomy in the current economic environment, at least in the financial terrain, which indicates that the turnaround still holds promise and inspires confidence in the Indian capital markets, says the monthly bulletin by the market regulator.

While funds raised through public issues have fallen more than 94 per cent in the first eight months of the current financial year, money raised through rights issues has climbed up marginally, Securities and Exchange Board of India (SEBI) in its December bulletin said.

It stated that the 18 rights issues during April-November 2008-09 raised Rs 10,627 crore, slightly higher than in the year-ago period.

Funds raised by the corporates through private placement of debt issues have kept pace with that in the 2007-period.

Funds raised in the eight-month period is Rs 86,604 crore, trailing last year's by a mere 2 per cent.

The falling-behind trend, here, has been arrested since October. The last two months in the review period registered a rise of 52 per cent each in terms of amounts raised both on the BSE and NSE against last year.

While net resource mobilisation by mutual funds for the April-November period is negative at Rs 30,530 crore as against last year's positive Rs 1,35,124 crore, the figure for November is a positive Rs 13,789 crore.

However, net investment by mutual funds, which stands at Rs 23,135 crore in April-November period, was more than halved in the last two months of the period as the funds liquidated Rs 28,621 crore, mainly in debt.

Even as foreign institutional investors (FIIs) liquidated Rs 35,730 crore in the current financial year till November, there was a net inflow of foreign funds of Rs 1,616 crore in November, the regulator said.

About investment, it said, there is a clear inclination towards debt instruments than equity, according to the figures reported in the SEBI's bulletin.

In the review period, FIIs liquidated Rs 43,304 crore in equity, whereas invested Rs 7,574 crore in debt. And, mutual funds, in the period, invested Rs 15,610 crore in debt, double of its investment of Rs 7,526 crore in equities.

Besides, last Monday, Commerce Minister Kamal Nath said the foreign direct investment (FDI) of USD 18.7 billion in the first three quarters of the current fiscal year is double than last year.

News Source : Indian capital market still inspires confidence: SEBI

Indian capital market still inspires confidence: SEBI

Indian capital market still inspires confidence: SEBI

Not all is gloomy in the current economic environment, at least in the financial terrain, which indicates that the turnaround still holds promise and inspires confidence in the Indian capital markets, says the monthly bulletin by the market regulator.

While funds raised through public issues have fallen more than 94 per cent in the first eight months of the current financial year, money raised through rights issues has climbed up marginally, Securities and Exchange Board of India (SEBI) in its December bulletin said.

It stated that the 18 rights issues during April-November 2008-09 raised Rs 10,627 crore, slightly higher than in the year-ago period.

Funds raised by the corporates through private placement of debt issues have kept pace with that in the 2007-period.

Funds raised in the eight-month period is Rs 86,604 crore, trailing last year's by a mere 2 per cent.

The falling-behind trend, here, has been arrested since October. The last two months in the review period registered a rise of 52 per cent each in terms of amounts raised both on the BSE and NSE against last year.

While net resource mobilisation by mutual funds for the April-November period is negative at Rs 30,530 crore as against last year's positive Rs 1,35,124 crore, the figure for November is a positive Rs 13,789 crore.

However, net investment by mutual funds, which stands at Rs 23,135 crore in April-November period, was more than halved in the last two months of the period as the funds liquidated Rs 28,621 crore, mainly in debt.

Even as foreign institutional investors (FIIs) liquidated Rs 35,730 crore in the current financial year till November, there was a net inflow of foreign funds of Rs 1,616 crore in November, the regulator said.

About investment, it said, there is a clear inclination towards debt instruments than equity, according to the figures reported in the SEBI's bulletin.

In the review period, FIIs liquidated Rs 43,304 crore in equity, whereas invested Rs 7,574 crore in debt. And, mutual funds, in the period, invested Rs 15,610 crore in debt, double of its investment of Rs 7,526 crore in equities.

Besides, last Monday, Commerce Minister Kamal Nath said the foreign direct investment (FDI) of USD 18.7 billion in the first three quarters of the current fiscal year is double than last year.

News Source : Indian capital market still inspires confidence: SEBI