The market capitalisation of BSE-listed companies surged to an all-time high of Rs 355 lakh crore on Thursday, with investors becoming richer by Rs 3.83 lakh crore as the benchmark Sensex hit its all-time high level driven by a rally in global equities.
Global markets rallied after the US Federal Reserve kept its key interest rate unchanged and signalled that they expect to make three quarter-point cuts to their benchmark interest rate next year.
The 30-share BSE Sensex jumped 929.60 points or 1.34 per cent to settle at its all-time closing high of 70,514.20 points. During the day, it zoomed 1,018.29 points or 1.46 per cent to hit its record intra-day peak of 70,602.89 points.
The market capitalisation (mcap) of BSE-listed firms hit a record high of Rs 3,55,02,238.83 crore (USD 4.26 trillion). Investors’ wealth climbed by Rs 3,83,006.92 crore from Rs 3,51,19,231.91 crore on Wednesday.
“The US Federal Reserve’s decision to leave rates unchanged lifted the world equity market mood, .
Posts in category Business Standard
Market capitalisation of BSE-listed firms hit all time high of Rs 355 trn (14-12-2023)
Cryogenic tank maker Inox India IPO subscribed 2.78 times on debut (14-12-2023)
The Initial Public Offer (IPO) of cryogenic tank maker INOX India was subscribed 2.78 times on the first day of subscription on Thursday.
The Rs 1,459.32 crore IPO received bids for 4,30,88,606 shares against 1,54,77,670 shares on offer, according to NSE data.
The category for non-institutional investors received 4.56 times subscription and Retail Individual Investors (RIIs) portion got subscribed 3.59 times. The quota for Qualified Institutional Buyers (QIBs) was subscribed 4 per cent.
The IPO of up to 2,21,10,955 equity shares has a price range of Rs 627-660 a share.
Inox India Ltd on Wednesday collected Rs 438 crore from anchor investors.
Since the issue is completely an Offer for Sale (OFS), the Vadodara-based company will not receive any proceeds and all the funds will go to the selling shareholders.
Inox India, one of the leading cryogenic tank manufacturers, has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installation o
MFs can generate Rs 3 trn arsenal every year to counter FPI flows: Kotak MF (14-12-2023)
MFs emerged as a key support for the market in the calendar year 2022 amid a sharp pullout by foreign investors
Government bonds, rupee gain post US Federal Reserve meet outcome (14-12-2023)
Traders expect the benchmark yield to trade between 7.10-7.25 per cent in the near term, given the positive sentiment
DOMS Industries IPO receives 15.16 times subscription on day two of offer (14-12-2023)
The initial share sale of pencil maker DOMS Industries received 15.16 times subscription on the second day of offer on Thursday.
The Rs 1,200 crore Initial Public Offer (IPO) received bids for 13,39,90,938 shares against 88,37,407 shares on offer, according to data available with the NSE.
The Retail Individual Investors (RIIs) part received 41.07 times subscription while the quota for non-institutional investors got subscribed 25.77 times. The category for Qualified Institutional Buyers (QIBs) got subscribed 1.18 times.
The IPO has a fresh issue of up to Rs 350 crore and an offer for sale component of Rs 850 crore.
Price range for the offer is Rs 750-790 a share.
The IPO of DOMS Industries got fully subscribed within hours of opening for bidding on Wednesday and finally ended the day with 5.71 times subscription.
DOMS Industries has raised Rs 538 crore from anchor investors.
Funds raised through the fresh issue would be used for setting up a new manufacturing facility to expand
RIL, Lloyds Metals and Capri Global shine in Motilal Oswal wealth study (14-12-2023)
Adani Enterprises emerges as top ‘all-round’ wealth creator from 2018-23
India’s Nov Russian oil imports hit 4-month high, up 3% from Oct: Report (14-12-2023)
Last month, India overall imported about 4.5 million bpd oil, a decline of about 4.5% from October and a growth of 13% over the same month last year, the data showed
SAT quashes Sebi order in ‘dark fibre’ case, slashes penalties on NSE (14-12-2023)
Tribunal also slashes penalties levied on Chitra and Anand Subramanian
SAT quashes Sebi order in ‘dark fibre’ case, slashes penalties on NSE (14-12-2023)
Tribunal also slashes penalties levied on Chitra and Anand Subramanian
SAT quashes Sebi order in ‘dark fibre’ case, slashes penalties on NSE (14-12-2023)
Tribunal also slashes penalties levied on Chitra and Anand Subramanian