LG Electronics India's valuation now tops its South Korean parent's, signalling India's growing clout as a global listing and investment destination
India's market capitalisation saw an increase of ₹19.4 trillion to reach ₹445.5 trillion
At least 15 Indian companies individually surpass Pakistan's entire market cap, with Reliance Industries alone valued at five times Pakistan's total
Meanwhile, eight companies dropped off the list: among them were IndusInd Bank, Indian Overseas Bank, Canara Bank, Dr Reddy's Laboratories, Adani Total Gas, and Zydus Lifesciences
For the first time in 23 years, Nifty has declined for four consecutive months
The longest losing streak was from September 1994 to April 1995, during which it fell by 31 per cent over eight consecutive months
Advance-decline ratio down at two-year low of 0.82
Ambani-owned firms, MNC subsidiaries claim top spots
India's market faces a perfect storm as FPIs abandon ship, leaving domestic buyers adrift. With Nifty 50 down 6.3% and Midcap 100 sinking 8.11%, will the bleeding stop?
Consumer durables, auto and metal stocks were among the best-performers.
During the latest upsurge, the Nifty has rallied nearly 50 per cent, while the Nifty Smallcap 100 and the Nifty Midcap100 indices have more than doubled
The 30-share Sensex peaked at 85,163 but closed slightly lower at 84,914, down 14.57 points, or 0.02 per cent, from the previous day
During these 13 trading sessions, starting August 14, the Nifty has rallied 1,150 points, or 4.7 per cent
Sensex has added nearly 10,000 points over the past one month
Given the market buoyancy a total of 34 out of the 50 Nifty components have clocked fresh highs in 2024
Saudi Arabia, Taiwan, France & UK other top markets where top firms hold big sway
The Aditya Birla group has seen its market value jump by more than 50 per cent, making it the latest entrant to the $100-billion club
To offload 45 mn shares, or 7.5% stake, at $18-21 apiece; values arm at $12.6 bn
The last time this happened was on March 31, 2017, when Nifty closed at 9,173.75
The Nifty Smallcap 100 and the Nifty Midcap 100 posted their first monthly loss after three months, even as the benchmark Sensex and the Nifty managed to eke out 1 per cent gain