Page 2 - Bse Index

Market capitalisation of BSE-listed firms hit all time high of Rs 355 trn

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, .

Private equity firm Bain Capital sells Rs 3,737 cr stake in Axis Bank

More than 50 entities, largely comprising foreign funds, were among the buyers, including Societe Generale, Morgan Stanley, Goldman Sachs and UBS

Metal stocks buck the trend on China stimulus, BSE Metal index rises 0.85%

The world's second-largest economy consumes almost half of the global metals supply. As a result, China's economic outlook has a huge bearing on metal prices

IL&FS Transportation Networks appoints Danny Samuel as the new CEO

IL&FS Transportation Networks on Friday appointed Danny Samuel as CEO of the company. IL&FS Transportation Networks in a BSE filing said, Samuel was working as the Senior Vice President and Chief Operating Officer of Roadstar Investment Managers Limited. Roadstar Investment Managers Limited has been tasked with overall supervision and management of all the project assets of the Roadstar Infra Investment Trust. Samuel has 20-plus years of professional experience and has worked in the energy, roads and aviation sectors. Prior to taking on the current assignment, he was handling international assignments as CEO (APAC).

Jio Financial Services to be removed from BSE Indices from September 1

Jio Financial Services (JFS) was initially scheduled for removal by August 23

BSE moves Bankex expiry to Monday from Friday, to be effective from Oct 16

The traded value of Bankex on the previous weekly expiry on August 25 stood at Rs 4 crore, up from Rs 1.7 crore a week earlier

IndoStar Finance Capital offloads corporate loans to Phoenix ARC

Offloads stress loans with dues worth Rs 915 cr

Stock exchange NSE considering extending trade timings in phased manner

At the present moment, the regular trade timing session on NSE and BSE operates from 9:15 am to 3:30 pm for stocks

Power Finance Corporation aims to raise Rs 5,000 crore through NCDs

The effective yield offered to NCD holders varies based on different categories and ranges from 7.44 per cent to 7.54 per cent per annum

Realty stocks soar on Sebi proposal to formalise fractional ownership

Sobha Developers gains most at 11.5%, DLF and Mahindra Lifespace add over 7% each; BSE Realty index soara 4.3%, most among the 19-sectoral sub-indices

Power Mech Projects Dec quarter net profit rises 54% to Rs 50 crore

Power Mech Projects on Tuesday posted over 54 per cent rise in its consolidated net profit at Rs 50.61 crore in December quarter compared to a year ago. The consolidated net profit of the company was Rs 32.75 crore in the quarter ended on December 31, 2021, showed a BSE filing. Total income also rose to Rs 912.05 crore in the quarter from Rs 649.97 crore in the same period a year ago.

Adani group becomes single-largest shareholder in NDTV with 37.4% stake

Conglomerate can now propose reconstitution of board, say proxy advisory firms

Markets fall most in 2 weeks on rising yields; Sensex declines 844 points

The Nifty ended the session at 16,983 points, with a fall of 257 points, or 1.5 per cent

BSE joins hand with All India MSME Association to promote listing of MSMEs

Leading stock exchange BSE on Thursday said it has collaborated with the All India MSME Association (AIMA MSME) to encourage and promote the listing of MSMEs and startups. Through this pact, AIMA MSME will assist BSE in evaluating MSMEs and startups for listing on the exchange's SME platform while also sensitising its investor network for investing in listed MSMEs, the exchange said in a statement. Further, the two entities will host joint roadshows and events across the country to raise awareness among micro, small & medium enterprises (MSMEs) for listing on the exchange's SME segment. "We are currently observing a surge of MSMEs and startups in the country and funding is one of the most vital elements. So, it is very important that we make them aware of the benefits of equity funding route and this association is key for us to be able to do so and also attract more investors to invest in the listed MSMEs and startups," Ajay Thakur, Head BSE SME and Startup, said. Avinash Dalal, .

Sensex posts first weekly decline in four weeks as investors turn cautious

The index fell 0.25 per cent during the week, its first weekly fall since May 14.

A potentially risky trade-off for markets

Sebi's proposal on concentrated holdings could disrupt the balance between the supervisory and business roles of stock exchanges

Rupee falls sharply to the dollar as pandemic resurgence grips Europe

Sheds 24 paise to end at 73.85 on heavy greenback purchases by nationalised banks to meet month-end oil import bills

YES Bank floor price at Rs 12/share for FPO; minimum bid lot 1,000 shares

Yes Bank's FPO offer will open on July 15, 2020 and close on July 17, 2020

Q3 results: Bank of Baroda posts net loss of Rs 1,407 cr, shares decline 3%

Shares of the company fell 3.40 per cent to close at Rs 92.35 on the BSE. During the trade, it dropped 3.76 per cent to Rs 92

On hopes of US-Iran de-escalation, Sensex soars 634 points, oil cools off

Standard gold falls over 2.4% to Rs 39,772, biggest drop since Oct 2016