Sensex rallies 458 points to end above 50K for first time; Nifty tops 14,750
MUMBAI:Extending its Budget bull run for the third day, the Sensex rallied 458 points to end above the 50,000 mark for the first time ever on Wednesday, led by broad-based gains amid positive cues from global markets. After touching a record intra-day high of 50,526.39, the 30-share index ended at 50,255.75, up 458.03 points or […]
Markets begin 2021 with a bang; Nifty closes above 14k
NEW DELHI: The BSE Sensex surged to record highs while the NSE Nifty closed above the 14,000-mark for the first time on Friday as markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks. Extending its record-setting streak for the fifth day, the 30-share BSE Sensex rose […]
Sensex, Nifty end with weekly gain as bank, finance stocks firm up
NEW DELHI:Domestic equity benchmarks eked out modest gains on Friday after a day’s pause as banking and finance stocks found firmer ground amid mixed global cues. The 30-share BSE Sensex ended 85.81 points or 0.20 per cent higher at 43,443. The broader NSE Nifty rose 29.15 points or 0.23 per cent to 12,719.95. Both the […]
ICICI, Kotak Mahindra Bank lead six of 10 most valued firms to add over Rs 1 lakh crore in market capitalisation
NEW DELHI: The market valuation of six of the top 10 most valued firms zoomed by Rs 1,06,523.84 crore last week, with ICICI Bank and Kotak Mahindra Bank leading the pack. During the last week, the BSE benchmark Sensex had gained 1,032.59 points or 2.68 per cent. Of these 10 most valued companies in terms […]
Investor wealth plunges Rs 1.99 lakh crore as markets plummet
NEW DELHI: Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points. The 30-share index settled 885.72 points or 2.77 per cent lower at 31,122.89 amid weak global cues and investors’ tepid response towards the stimulus package. Led by the weak sentiment, […]
Sensex ends 81 points lower; financial stocks drag
NEW DELHI: Benchmark Sensex gave up all its early gains to end 81 points lower on Monday, dragged by losses in financial stocks as lenders beefing up provisions against COVID-19 risks stoked slippages worry. Besides, spiking COVID-19 cases in the country and tepid cues from global markets weighed on investor sentiment. After gyrating over 800 […]
Investor wealth jumps Rs 7.71 lakh crore as markets recover
NEW DELHI: Investor wealth on Tuesday jumped Rs 7,71,377 crore as markets bounced back after two days of fall, tracking a broad-based rally in global equities. The Sensex gained 2,476.26 points to close at 30,067.21 after resuming trading on Tuesday. Following rise in equities, the market capitalisation of the BSE-listed firms zoomed Rs 7,71,377.02 crore […]
Sensex plummets 1,375 points; Nifty ends below 8,300
NEW DELHI: Equity benchmark Sensex plummeted over 1,375 points on Monday, tracking heavy losses in banking and auto stocks, amid an unsettling spike in Covid-19 cases. After plunging over 1,500 points during the day, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32. Similarly, the NSE Nifty fell 379.15 points, […]
Investor wealth tumbles Rs 9.74 trillion in two days as markets plunge
NEW DELHI:Investor wealth dropped by Rs 9.74 lakh crore in two days of market fall this week triggered by weak global trends and fears of coronavirus hitting the overall economy. In two days, investors have lost Rs 9,74,176.71 crore wealth. At close of trade on Tuesday, the market capitalisation of BSE-listed companies was at Rs […]
RBI says closely monitoring situation, will take steps for market stability
NEW DELHI: The Reserve Bank of India (RBI) on Friday said it is closely monitoring the current global situation and assured that it will take all steps to keep markets adequately liquid and stable. The statement comes at a day when trading on the Indian stock exchanges hit a “circuit breaker” — first time since […]
Six of top-10 Indian firms add Rs 62,773 crore in market capitalisation; HUL, RIL top the list
BEIJING, NEW DELHI : Six of the top-10 most valued Indian firms together added Rs 62,772.95 crore in market valuation last week, with HUL and RIL emerging as the biggest gainers. BEIJING. NEW DELHI: Among the top 10, Reliance Industries, TCS, HUL, Infosys, Kotak Mahindra Bank and ITC witnessed gains in their market capitalisation (m-cap) […]
Eight of top-10 firms add Rs 1.34 lakh crore in m-cap; TCS leads
NEW DELHI: Eight of the 10 most valued Indian firms together added over Rs 1.34 lakh crore to their market capitalisation last week, with TCS emerging as the biggest gainer. Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation (m-cap) […]
Sensex sinks 642 points as crude oil woes persist
NEW DELHI: Market benchmark BSE Sensex on Tuesday plummeted 642 points as investors weighed India’s fiscal worries due to soaring crude prices in the wake of growing geopolitical tensions in the Middle East. After nosediving 704 points, the 30-share index ended 642.22 points, or 1.73 per cent, lower at 36,481.09. The broader NSE Nifty too […]
Sensex plummets 624 points on global sell-offs; RIL soars 10 per cent
NEW DELHI: BSE benchmark Sensex on Tuesday crashed about 624 points dragged by heavy losses in index heavyweights HDFC twins, Infosys, ITC and ICICI Bank amid sell-offs in global equities. Bucking the overall downtrend, shares of Reliance Industries (RIL) rallied nearly 10 per cent, capping the Sensex loss to a large extent. Apart from global […]
Eight of top-10 most valued firms lose Rs 89535 crore in m-cap
NEW DELHI: Eight of the 10 most valued Indian companies suffered a combined erosion of Rs 89,535 crore in market valuation last week, with SBI emerging as the biggest drag. In the top-10 list, only Tata Consultancy Services (TCS) and HUL saw gains in their market capitalisation (m-cap) for the week ended Friday. Reliance Industries […]
Why startups should aim for an IPO
By Vedant Goel Initial Public Offering (IPO) is one of the most important milestones in the journey of a company. Not only does it reflect on the fact that a company has matured, it also shows that the company has exhibited growth and intends to accelerate faster. When a company reaches a stage where it […]