Framework for listing of domestically listed stocks also expected soon, says Ifsca chairperson
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Nifty hits a new high of 23,323 amidst gains in heavyweight stocks (12-06-2024)
The gains in public sector enterprises like Power Grid and Coal India also boosted sentiment
Fund managers pruned PSU exposure ahead of election result-day crash (12-06-2024)
Sold Rs 9,570 crore worth shares of Canara Bank, eight other PSUs in May
‘Most JP Morgan index clients to invest directly in Indian govt bonds’ (12-06-2024)
India’s inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September
India’s CPI Inflation Eases To 12-Month Low At 4.75% In May (12-06-2024)
With this, retail inflation has remained within the Reserve Bank of India’s target range of 2-6% since September 2023.
India Retail Inflation Eases To 1-year low Of 4.75% in May (12-06-2024)
Indias annual inflation rate based on all India Consumer Price Index (CPI) number came in at 4.75% for the month of May, 2024, according to government data released on Wednesday. Corresponding inflation rate for rural and urban is 5.28% and 4.15%, respectively. All India inflation based on General CPI is lowest for the month of May 2024 is at a one-year low. The Consumer Price Index (CPI) based retail inflation was 4.83% in April 2024 and 4.31% in May 2023. Inflation in the food basket was 8.69%in May, marginally down from 8.70%in April, according to the data released by the National Statistical Office (NSO).
As Sensex soars, mcap of BSE-listed companies hit record high of Rs 429 trn (12-06-2024)
The market capitalisation of BSE-listed companies hit a record high of Rs 429.32 lakh crore on Wednesday as the BSE benchmark Sensex ended higher amid a largely positive trend in global equities.
The 30-share BSE Sensex climbed 149.98 points or 0.20 per cent to settle at 76,606.57. During the day, it jumped 593.94 points or 0.77 per cent to 77,050.53. The BSE benchmark is just 28.51 points away from breaching its previous lifetime peak of 77,079.04.
The market capitalisation of BSE-listed firms stood at Rs 4,29,32,991.65 crore (USD 5.14 trillion) — its lifetime high.
The Sensex was on the back foot for the past two trading sessions.
Power Grid was the biggest gainer on the Sensex chart, rising 2.54 per cent, followed by Tech Mahindra, Bajaj Finance, NTPC, UltraTech Cement, Larsen & Toubro, Tata Steel, Bharti Airtel, Bajaj Finserv and HCL Technologies.
In contrast, Hindustan Unilever, Mahindra & Mahindra, Infosys and Titan were among the laggards.
In Asian markets, Seoul and ..
Exide Industries invests further Rs 75 cr in Exide Energy Solutions (12-06-2024)
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Basant India standalone net profit declines 30.77% in the March 2024 quarter (12-06-2024)
Sales rise 4.23% to Rs 0.74 crore
Uttaranchal Leasing standalone net profit rises 23.53% in the March 2024 quarter (12-06-2024)
Sales decline 7.32% to Rs 1.14 crore