Posts in category Business Standard
M-cap of 6 of top 10 valued firms climbs over Rs 1.13 trn; Reliance leads (18-06-2023)
Six of the top-10 most valued domestic firms together added Rs 1,13,703.82 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in an overall bullish trend in the equity market.
Last week, the BSE benchmark jumped 758.95 points or 1.21 per cent. The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58 on Friday.
While Reliance Industries, Hindustan Unilever Limited, ITC, Infosys, HDFC and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India faced erosion from their market valuations last week.
Reliance Industries added Rs 63,259.05 crore taking its valuation to Rs 17,42,415.47 crore.
The market capitalisation (mcap) of Hindustan Unilever jumped Rs 18,737.99 crore to Rs 6,38,019.76 crore.
ITC's valuation zoomed Rs 18,331.32 crore to Rs 5,63,237.76 crore and that of Infosys climbed Rs 11,059.41 crore to Rs 5,36,433.55 crore.
The mcap
M-cap of 6 of top 10 valued firms climbs over Rs 1.13 trn; Reliance leads (18-06-2023)
Six of the top-10 most valued domestic firms together added Rs 1,13,703.82 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in an overall bullish trend in the equity market.
Last week, the BSE benchmark jumped 758.95 points or 1.21 per cent. The 30-share BSE index zoomed 466.95 points or 0.74 per cent to settle at a record closing high of 63,384.58 on Friday.
While Reliance Industries, Hindustan Unilever Limited, ITC, Infosys, HDFC and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India faced erosion from their market valuations last week.
Reliance Industries added Rs 63,259.05 crore taking its valuation to Rs 17,42,415.47 crore.
The market capitalisation (mcap) of Hindustan Unilever jumped Rs 18,737.99 crore to Rs 6,38,019.76 crore.
ITC's valuation zoomed Rs 18,331.32 crore to Rs 5,63,237.76 crore and that of Infosys climbed Rs 11,059.41 crore to Rs 5,36,433.55 crore.
The mcap
‘To safeguard stakeholders’: Sebi justifies urgent action in Zee matter (18-06-2023)
In a 197-page reply to SAT, regulator says action taken to safeguard management, protect investors
‘To safeguard stakeholders’: Sebi justifies urgent action in Zee matter (18-06-2023)
In a 197-page reply to SAT, regulator says action taken to safeguard management, protect investors
FPIs stay glued to Indian equities; infuse Rs 16,405 cr in June so far (18-06-2023)
Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected Rs 16,405 crore in June so far on the country's strong economic rebound and positive growth outlook.
FPI flows touched a nine-month high of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed.
Before that, FPIs had pulled out over Rs 34,000 crore during January-February.
"Considering the current investment trend, it is expected that FPIs will continue to show interest in the Indian market throughout the month," Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said.
The ongoing economic recovery, positive corporate earnings, and supportive policy environment are likely to sustain the inflow of funds, he added.
However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money .
FPIs stay glued to Indian equities; infuse Rs 16,405 cr in June so far (18-06-2023)
Foreign portfolio investors (FPIs) continued to invest in Indian equities for a fourth straight month as they injected Rs 16,405 crore in June so far on the country's strong economic rebound and positive growth outlook.
FPI flows touched a nine-month high of Rs 43,838 crore in equities in May, Rs 11,631 crore in April, and Rs 7,936 crore in March, data with the depositories showed.
Before that, FPIs had pulled out over Rs 34,000 crore during January-February.
"Considering the current investment trend, it is expected that FPIs will continue to show interest in the Indian market throughout the month," Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said.
The ongoing economic recovery, positive corporate earnings, and supportive policy environment are likely to sustain the inflow of funds, he added.
However, valuation could become a concern as Indian markets continue to surge and stricter regulatory norms could also check foreign money .
Gold price rises Rs 440 to Rs 60,110, silver unchanged at Rs 73,100 (17-06-2023)
The price of ten grams of 22-carat gold increased by Rs 400 to Rs 55,100
Oil heads for weekly gains as supply cuts balance demand concerns (16-06-2023)
Brent crude gained 48 cents to $76.15 a barrel by 1:16 p.m. EDT (1316 GMT). U.S. West Texas Intermediate (WTI) crude rose 59 cents to $71.21
World shares jump to 14-month highs after heavy central bank week (16-06-2023)
A gauge of global stock markets jumped to a fresh 14-month high on Friday, while the US dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings
NCDEX all set to relaunch groundnut futures after more than 13 years (16-06-2023)
Sources said going forward, the exchange is also planning to add more new contracts