The combined market capitalisation of BSE-listed firms hit a fresh record of Rs 431.67 lakh crore on Thursday when the benchmark Sensex also reached its new lifetime high level.
Rising for the second day in a row, the 30-share BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46. It later ended at a fresh record high at 76,810.90, up 204.33 points or 0.27 per cent.
Tracking the rally in equities, the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 4,31,67,541.81 crore (USD 5.17 trillion). In two days, investors’ wealth has risen by Rs 4.72 lakh crore.
“The domestic equity benchmark traded with a modest gain, with domestic CPI data indicating that inflation is on a slow track of decline,” said Vinod Nair, Head of Research, Geojit Financial Services.
Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reser
Posts in category Business Standard
Market capitalisation of BSE-listed firms hits new peak of Rs 431.67 trn (13-06-2024)
BSE SME IPO of United Cotfab subscribed 2.80 times (13-06-2024)
The offer received bids for 1.45 crore shares as against 51.84 lakh shares on offer.
Board of Zee Media Corporation approves incorporation of subsidiary (13-06-2024)
At meeting held on 13 June 2024
INR Consolidates In Narrow Range (13-06-2024)
The Indian rupee consolidated in a narrow range and settled for the day lower by 7 paise at 83.55 (provisional) against the US dollar on Thursday even as both the domestic equity benchmark indices touched all-time high levels. The benchmark S&P BSE Sensex ended the session up 204.33 points, or 0.27 percent, at 76,810.90, with positive overnight cues from the U.S. and Europe as well as a fall in crude prices lending some support. The broader NSE Nifty index closed at 23,398.90, up 75.95 points, or 0.33 percent, from its previous close. Government data showed India’s retail inflation easing to a 12-month low of 4.75 percent annually in May, slightly down from the 4.83 percent recorded in April. At the same time, India’s industrial output growth slowed to a three-month low of 5 percent in April from 5.4 percent in March due to slower manufacturing growth. At the interbank foreign exchange, the local unit opened at 83.52 and finally settled for the day lower by 7 paise at 83.55 …
INR Consolidates In Narrow Range (13-06-2024)
The Indian rupee consolidated in a narrow range and settled for the day lower by 7 paise at 83.55 (provisional) against the US dollar on Thursday even as both the domestic equity benchmark indices touched all-time high levels. The benchmark S&P BSE Sensex ended the session up 204.33 points, or 0.27 percent, at 76,810.90, with positive overnight cues from the U.S. and Europe as well as a fall in crude prices lending some support. The broader NSE Nifty index closed at 23,398.90, up 75.95 points, or 0.33 percent, from its previous close. Government data showed India’s retail inflation easing to a 12-month low of 4.75 percent annually in May, slightly down from the 4.83 percent recorded in April. At the same time, India’s industrial output growth slowed to a three-month low of 5 percent in April from 5.4 percent in March due to slower manufacturing growth. At the interbank foreign exchange, the local unit opened at 83.52 and finally settled for the day lower by 7 paise at 83.55 …
Nifty June futures trade at discount (13-06-2024)
The NSE’s India VIX tumbled 6.25% to 13.49.
Nifty June futures trade at discount (13-06-2024)
The NSE’s India VIX tumbled 6.25% to 13.49.
UK Pound Off Three-Month High Against Dollar (13-06-2024)
The British pound is seen weakening from a near three-month high as the US Dollar rebounded after the latest interest rate projections from Federal Reserve (Fed) policymakers in the June monetary policy meeting showed that there will be only one rate cut this year, against three anticipated in March. The US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, recovered to 104.41, up 0.19% on the day after falling briefly below 104 mark yesterday amid cooling inflation data from US. The UK currency came off three month high and fell below its psychological $1.28 mark. Currently, the GBPUSD pair is quoting at $1.2780, down 0.27% on the day. Investors will now shift focus to the BoEs interest rate policy, which is scheduled for later this month.
UK Pound Off Three-Month High Against Dollar (13-06-2024)
The British pound is seen weakening from a near three-month high as the US Dollar rebounded after the latest interest rate projections from Federal Reserve (Fed) policymakers in the June monetary policy meeting showed that there will be only one rate cut this year, against three anticipated in March. The US Dollar Index (DXY), which tracks the Greenbacks value against six major currencies, recovered to 104.41, up 0.19% on the day after falling briefly below 104 mark yesterday amid cooling inflation data from US. The UK currency came off three month high and fell below its psychological $1.28 mark. Currently, the GBPUSD pair is quoting at $1.2780, down 0.27% on the day. Investors will now shift focus to the BoEs interest rate policy, which is scheduled for later this month.
Sebi to auction 19 properties of KBCL India to recover investors’ money (13-06-2024)
Capital markets regulator Sebi has lined up 19 properties of KBCL India Ltd for auction on July 16 to recover money illegally collected from investors.
The move is part of Sebi’s effort to recover investors’ money.
The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors’ money.
The properties include land parcels and a plot in Uttar Pradesh and they will be auctioned at a reserve price of Rs 3.54 crore, according to a notice issued by the Securities and Exchange Board of India (Sebi) on Wednesday.
Quikr Realty has been engaged by Sebi to assist it in the sale of properties, while C1 India has been appointed as the e-auction service provider.
As per the notice, the regulator said bidders should make their own independent enquiries regarding the encumbrances, litigations, attachments and acquisition of liabilities of the property put on auction, prior