Page 28 - Bse

IEX board reappoints SN Goel as CMD, promotes Rohit Bajaj as Joint MD

Indian Energy Exchange (IEX) board on Friday approved the proposal to reappoint Satyanarayan Goel as its Chairman and Managing Director and to appoint Rohit Bajaj as its Joint Managing Director. The board noted that Goel will attain the age of 70 years on August 10, 2024, and consequently, as per Companies Act, 2013, his term as Managing Director will end from the closure of the business hours on August 9, 2024, a BSE filing said. The board acknowledged Goel's extensive knowledge and over 40 years of experience in the power sector, it said, adding that as part of succession planning, the board unanimously agreed to reappoint Goel as the Chairman & Managing Director for three years from August 10. The board decided to elevate Rohit Bajaj, currently serving as Executive Director (non-board) -- Business Development, Strategy, Regulatory Affairs, and IT, as the Joint Managing Director for three years from August 10, it stated. The board also approved appointment of Rajeev Gupta as the

Market cap of BSE-listed firms hit all-time high of Rs 447.40 trillion

The market capitalisation of BSE-listed firms hit a record high of Rs 447.30 lakh crore on Thursday with the benchmark Sensex closing at a fresh all-time high level. The 30-share BSE Sensex scaled an intraday record high of 80,392.64 in early trade. The index pared most of the gains later due to volatility and profit-taking by investors and settled 62.87 points or 0.08 per cent higher at 80,049.67. The market capitalisation (mcap) of BSE-listed firms hit a record peak of Rs 4,47,30,452.99 crore (USD 5.36 trillion). Of the total 4,021 traded stocks, 2,185 stocks advanced while 1,742 declined and 94 remained unchanged on the BSE. "Indian stock markets opened higher on Thursday, extending their record-breaking rally amid expectations that the Federal Reserve could begin lowering borrowing costs sooner following weak US economic data. "Despite an initial surge, benchmark equity indices ended the day largely unchanged from Wednesday's close, as gains in technology shares were offset b

Market cap of BSE-listed firms hit lifetime high of Rs 443 trillion

The market capitalisation of BSE-listed firms hit a lifetime high of Rs 4,43,05,344.36 crore on Monday, driven by a rebound in equities, where the benchmark Sensex ended at a new all-time peak. The 30-share BSE Sensex jumped 443.46 points or 0.56 per cent to settle at a new closing peak of 79,476.19. During the day, it climbed 528.27 points or 0.66 per cent to 79,561. The market capitalisation of BSE-listed firms hit a new record high of Rs 4,43,05,344.36 crore (USD 5.31 trillion) amid an optimistic trend in equities. "The domestic market sustained its upward momentum, with a reduction in the US PCE inflation raising hopes for a rate cut by the FED in September. This optimism contributed to the strong performance of IT stocks," Vinod Nair, Head of Research at Geojit Financial Services, said. Among the Sensex pack, Tech Mahindra, Bajaj Finance, UltraTech Cement, Tata Consultancy Services, Infosys, JSW Steel, HDFC Bank, Tata Motors, Hindustan Unilever and ICICI Bank were the biggest

India Cements denies rumours of Rs 500 cr funding talks with BofA, Nomura

News report of funding talks emerged after UltraTech Cement announced its plans to acquire over 70 million shares in India Cements

Zomato faces Rs 9.45 crore GST demand from Karnataka tax authorities

Food delivery platform and quick commerce company Zomato will be filing an appeal against the order

Sensex: 80 trading days from 70,000 to 75,000, third fastest 5K addition

The fastest addition of 5,000 points came from August 13, 2021, to September 24, 2021, when Sensex moved from 55,437 to 60,048 in 28 days

S N Subrahmanyan appointed chairman of LTIMindtree as A M Naik steps down

L&T Infotech and Mindtree officially merged in 2019, with A M Naik serving as its founder chairman.

State Bank of India to raise up to Rs 20,000 cr via long-term bonds in FY25

During the last financial year, SBI raised a total of Rs 20,000 crore through the sale of 15-year infrastructure bonds

Tata Motors to increase price of commercial vehicle by up to 2% from July

This marks the second price hike this year, after the Indian automaker increased prices by up to 2% in March

Eid holiday: Are stock markets NSE & BSE open for trading on June 17?

Trading on the Indian stock market will resume on Tuesday, June 18, according to the BSE and NSE websites

Stock Market Highlights, June 11: Sensex, Nifty end flat on late sell-off; RIL, ITC weigh

Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.

BSE denies tech glitch; bank payment lag delayed MF NAV on poll results day

Leading stock exchange BSE on Friday said lag in receiving payments from banks led to delay in assigning NAV to investors who bought mutual funds on June 4 and there was no technical glitch at its end. Many investors had complained on social media for failing to square off their positions. Several investors purchased their mutual funds before the cut-off time, although they were assigned the Net Asset Value (NAV), which determines the fund's value for June 5 instead of June 4. This resulted in substantial financial losses to such investors. "It is hereby clarified that there was no technical glitch at BSE Clearing House (ICCL) on June 4th. Prima Facie, there was a lag in receiving details of credit /payments from payments aggregator(s) / bank(s) for few customers which led to the delayed NAV," BSE said in a statement. The clarification came after several broking platforms alleged BSE for a glitch in the mutual fund system of the exchange on June 4, which led the orders to go throug

BSE acquires entire equity stake of S&P Dow Jones Indices in Asia Index

Leading stock exchange BSE Ltd on Friday said it has completed the acquisition of S&P Dow Jones Indices' entire equity stake in Asia Index Private Limited (AIPL), making it a wholly-owned subsidiary of the bourse. AIPL was a joint venture between S&P DJI and BSE and is best known for calculating and maintaining the popular index Sensex. In a statement, BSE said AIPL will continue to provide its services to clients who are subscribed to AIPL's indices or data products. "AIPL is committed to improving and expanding its product offerings by working closely with the financial market ecosystem and other relevant stakeholders," it added. In April, index provider S&P Dow Jones Indices announced that it was targeting to sell its entire equity stake in Asia Index by May 31.

Q4 results today: Tata Steel and Emami among 566 firms to post earnings

Q4FY24 company results: Alkem Laboratories, Heritage Foods, Aadhar Housing Finance, and Mazagon Dock Shipbuilder will be releasing their fourth-quarter report on May 29

Timken India promoter pares 6.6% stake for Rs 1,956 cr through open market

Timken Singapore Pte, promoter of bearings-maker Timken India, on Tuesday offloaded a 6.6 per cent stake in the company for Rs 1,956 crore through open market transactions. Axis Mutual Fund (MF), Nippon India MF, UTI MF, HDFC Life Insurance, Morgan Stanley Asia Singapore, BofA Securities Europe SA, Singapore government and Monetary Authority of Singapore were among the buyers of Timken India's shares. Timken Singapore Pte offloaded a total of 50 lakh shares in 17 tranches through separate block deals on the BSE. As per the data, Timken Singapore sold 50 lakh shares, amounting to a 6.6 per cent stake in Bengaluru-based Timken India. The shares were disposed of at an average price of Rs 3,913.35 apiece, taking the deal value to Rs 1,956.67 crore. After the share sale, shareholding of Timken Singapore Pte has reduced to 51.06 per cent from 57.70 per cent in the company. On Tuesday, shares of Timken India rose 2.78 per cent to close at Rs 4,062.80 apiece on the BSE. In June last year

BSE to buy S&P's 50% stake in index joint venture for Rs 30 crore

The exit for S&P Dow Jones Indices from the equal JV is expected to be completed by May 31

Signs of strain: Markets short of breadth, yet benchmarks' pulse quickens

Market fatigue grips as indices forge ahead; declining stocks outpace advancing ones

Stock exchange BSE calls off merger of Gift City unit with rival NSE

Talks fall through over disagreements over the swap ratio

Q4 Results Today: Sun Pharma, Grasim, Nykaa Among 32 Firms to Post Earnings

Company Results Q4 FY24: Jubilant, Ramco Cements, NIIT Learning also anticipated to release fourth quarter earnings on May 22

Market-cap of BSE-listed firms hits $5 trillion; analysts see more upside ahead

The market capitalisation of BSE-listed companies jumped to a lifetime peak of Rs 414.62 trillion ($4.99 billion) on Tuesday by close. It had soared past the $5 trillion mark in intraday deals