Posts in category Business Standard
Mcap of BSE-listed firms at all-time high of Rs 295.72 trn, Sensex at peak (30-06-2023)
The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak.
Rallying for the third day running, the 30-share Sensex surged 499.42 points or 0.78 per cent to reach its all-time high of 64,414.84 in early deals.
Thanks to the rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,95,72,338.05 crore.
Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore.
From the Sensex pack, Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank and HDFC were the major gainers.
ITC, Bharti Airtel, ICICI Bank and Tata Steel were the laggards.
In Asian markets, Seoul, Shanghai and Hong Kong traded in the green while Tokyo quoted lower.
Global oil benchmark Brent crude climbed 0.30 p
Auto shares in fast lane; Tata Motors, M&M, Maruti Suzuki hit 52-week highs (30-06-2023)
M&M hit a record high of Rs 1,440.75, up 3 per cent on the BSE
Investors will continue to trade via SGX in Nifty in GIFT City from July 3 (30-06-2023)
International investors will continue to trade through Singapore Exchange (SGX Group) in Nifty as the USD 7 billion open interest contract will be relaunched on GIFT City from July 3, 2023, following 22 years of success in Singapore.
This collaboration is significant given it is the first cross-border initiative in connecting India and Singapore's capital markets.
"SGX Group will continue to provide international access to USD-denominated Nifty contracts, which has been re-christened GIFT Nifty starting July 3, 2023, alongside other SGX derivatives products," Janice Kan, Managing Director of Head of Markets Equities at SGX Group, told PTI on Friday.
"Investors can trade and clear the Nifty contracts through SGX as they have been doing for more than two decades. Orders will be routed via the Connect to NSE IX for trade matching and executed trades will be cleared and settled on SGX," said Kan, an equity market veteran with over three decades of experience.
Kan has seen through the .
Tata Communication slips 4% on acquisition plan of US-based Kaleyra (30-06-2023)
Kaleyra is a global omnichannel integrated communication services provider with a set of proprietary platforms, which offers targeted personalisation through messaging, video, push notifications
63 Moons zooms 52% in 5 days as MCX extends support service for 6 months (30-06-2023)
Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.
AMCs rally up to 11% as SEBI defers decision to rationalise TER for MFs (30-06-2023)
Among individual stocks, HDFC AMC was locked at the temporary 10 per cent upper limit; Nippon Life India AMC surged 11 per cent in Friday's intra-day trade.
Stocks to Watch: BPCL, PowerGrid, ATGL, ICICI Bank, T D Power, CreditAccess (30-06-2023)
Stocks to Watch on June 30, 2023: MCX has extended the support services deal with its software vendor 63 Moons Technologies; BPCL's board approved raising up to Rs 18,000 crore via rights issue
Gold price falls Rs 210 to Rs 58,750, silver unchanged at Rs 71,900 (30-06-2023)
The price of 22-carat gold dipped Rs 200 to Rs 53,850
Fresh records on D-St! Sensex ends atop 64,700, up 803 pts; leaps 10% in Q1 (30-06-2023)
CLOSING BELL ON JUNE 30, 2023: The NSE Nifty 50 was up 217 points on Friday. While the NSE benchmark ended 3.5 per cent higher in June, the index registered a 10.5 per cent gain for Q1FY24.
Key levels on Nifty Metal, Pharma, Energy indices to help plan your trade (30-06-2023)
According to Ravi Nathani, an independent technical analyst, the outlook for Nifty Metal, Energy and Pharma indices is bullish and hence recommends to buy at CMP or on dips.