SKS Microfinance removed from BSE A group

SKS Microfinance has hit yet another lower circuit of 5% on the fourth consecutive day.

The stock, which is currently trading at Rs 222 was, shifted from the elite A group to B group by the Bombay Stock Exchange (BSE) with effect from October 10, 2011. According to media reports, the microfinance sector in the country has shrunk by about 40% in past one year after the crisis began to unfold in Andhra Pradesh.

BSE Responds NSE: Plans Listing of NASDAQ 100

After National Stock Exchange listed the Dow Jones Industrial (DJIA) and S&P 500 on its platform last week, the Bombay Stock Exchange (BSE) is all set to respond by listing the US-based Nasdaq 100 index.

The Nasdaq index does not contain financial companies, which differentiates it from the Dow. The Nasdaq 100 was launched in January 1985 on the US-based Nasdaq exchange platform, that was promoting itself in the shadow of the New York Stock Exchange.