Page 36 - Bse

BSE mulls another buyback, board to meet on July 6; shares soar

If the board approves, this will be the third share repurchase by the country's only listed equity bourse since its listing in January 2017

BSE board to consider buyback of shares on July 6, stock surges 7%

Leading stock exchange BSE on Monday announced that its board will meet on July 6 to consider a proposal on the buyback of shares. Following the announcement, shares of BSE rose 7 per cent in intra-day trade to Rs 651.65 apiece on the National Stock Exchange (NSE). In a regulatory filing to the NSE, Asia's oldest bourse said, "meeting of the board of directors is scheduled to be held on Thursday, July 6, 2023, to inter alia, consider and approve proposal for Buy back of fully paid equity shares of the company". Under a share buyback or repurchase, a firm buys back its own shares from investors or shareholders. The purpose of the buyback is price stability and ensuring investor confidence in the stock. Earlier in 2018, BSE repurchased over 20 lakh shares for nearly Rs 166 crore under its buyback programme.

Mcap of BSE-listed firms at record high of Rs 297.94 trn; Sensex at peak

The market capitalisation of BSE-listed firms reached a record high of Rs 297.94 lakh crore in early trade on Monday as the benchmark Sensex hit the 65,000 mark for the first time ever amid bullish investor sentiments. The BSE benchmark jumped 514.08 points to hit its record high of 65,232.64 in early trade. The benchmark has been rallying for the fourth straight trading session on Monday. Thanks to the ongoing rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,97,94,780.47 crore in early trade. On Friday, the market capitalisation of BSE-listed firms touched an all-time high of Rs 296.48 lakh crore. From the Sensex pack, HDFC, HDFC Bank, UltraTech Cement, Tata Steel, Bajaj Finance, ICICI Bank, Mahindra & Mahindra, State Bank of India, Reliance Industries and Bajaj Finserv were the major gainers. Power Grid, Maruti, Larsen & Toubro, Tech Mahindra, Axis Bank, Hindustan Unilever and Asian Paints were among the laggards. In Asian markets, ..

Mcap of BSE-listed firms at all-time high of Rs 295.72 trn, Sensex at peak

The market capitalisation of BSE-listed firms reached an all-time high of Rs 295.72 lakh crore in early trade on Friday, helped by optimism in equities, where the benchmark Sensex hit its new lifetime peak. Rallying for the third day running, the 30-share Sensex surged 499.42 points or 0.78 per cent to reach its all-time high of 64,414.84 in early deals. Thanks to the rally in equities, the market capitalisation (mcap) of BSE-listed companies jumped to Rs 2,95,72,338.05 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore. From the Sensex pack, Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank and HDFC were the major gainers. ITC, Bharti Airtel, ICICI Bank and Tata Steel were the laggards. In Asian markets, Seoul, Shanghai and Hong Kong traded in the green while Tokyo quoted lower. Global oil benchmark Brent crude climbed 0.30 p

Stock market holiday: NSE, BSE to remain shut today on account of Bakri Eid

Stock market holiday was changed from June 28 to June 29 after the Maharashtra government issued an order, postponing the data of the Bakri Eid holiday in the state

Equity investors become richer by Rs 3.43 trn in 2 days of market rally

Equity investors became richer by Rs 3.43 lakh crore in two days of market rally that saw the BSE benchmark Sensex touching the record 64,000-mark in intra-day trade on Wednesday. Extending the previous day's rally, the 30-share Sensex surged 499.39 points or 0.79 per cent to settle at its life time closing high of 63,915.42 points on Wednesday. During the day, the index jumped 634.41 points or 1 per cent to hit its all-time intra-day peak of 64,050.44 points. In two days, the market capitalisation of BSE-listed firms went up by Rs 3,43,718.15 crore to Rs 2,94,11,131.69 crore. Earlier, on June 21, the market capitalisation of BSE-listed firms had hit an all-time high of Rs 2,94,36,594.50 crore. "Domestic equities had a dream run with Nifty and Sensex scaling life time highs. Strong institutional flows, healthy macros, and robust earnings growth drove the domestic market toward new highs," Siddhartha Khemka, Head - Retail Research at Motilal Oswal Financial Services Ltd, said. All

7 IPOs this week but don't make these 10 mistakes in pursuit of gains

The most common mistake than investors make that can be a trap and hinder your financial success is following the herd mentality

Tech use, reviews, rating: What to look for when picking a stockbroker

List your requirements and shun firms with a high number of complaints against them

Street Signs: Beefing up colocation facility, auditors on the run & more

NSE to expand colocation facility offerings, the allotments for these racks are to be done over the next six months by the first-in, first-out method

Markets are pricing in some risks to growth: Julius Baer India's Kulkarni

India has emerged as a favourite destination for investors amid global developments, and the growth prospects here are catching the attention of many, says Unmesh Kulkarni, MD, Julius Baer India

With falling inflation, stock markets about to hit 52 week high levels

With falling inflation, and healthy economic numbers, the two Indian stock markets opened and closed at a higher note on Friday and are near their 52 week high levels

Equitas SFB gets RBI approval to re-appoint Vasudevan as MD, CEO

Reappointment effective from July 23, 2023, lender told BSE

India set for $168 bn behemoth as HDFC merger to be completed by 20 July

Announcement of the so called 'record date' - or the cut-off day set for investors - for the swapping of shares of Housing Development Finance Corp. for HDFC Bank Ltd

Stay put in investment-worthy stocks for at least a year: Kisan R Choksey

Making money fast is not possible in the stock market; one needs to hold the stock/shares for at least a year,

Cracking the investment strategy: FPIs are bullish on finance, auto stocks

Load up on financials, automotive stocks in May

Stellar show by banks, but will it continue?

There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter

Street signs: Mkts turn skittish near new highs, Index fund inflows & more

The benchmark indices registered declines in the previous two trading sessions, which could be a bearish sign, observe analysts

Mcap of 6 most-valued firms fall by Rs 83,637.96 cr; TCS biggest laggard

Six of the top 10 most-valued firms suffered a combined erosion of Rs 83,637.96 crore in market valuation last week, with Tata Consultancy Services (TCS), Hindustan Unilever and Infosys taking the biggest hit, amid an overall tepid trend in equities. Last week, the BSE benchmark climbed 78.52 points or 0.12 per cent, while the Nifty gained 29.3 points or 0.15 per cent. The market valuation of TCS tumbled Rs 35,694.04 crore to Rs 11,74,720.15 crore, the most among the top 10 firms. Hindustan Unilever's valuation eroded by Rs 18,949.45 crore to Rs 6,19,281.77 crore and that of Infosys fell by Rs 13,549.34 crore to Rs 5,25,374.14 crore. The market capitalisation (mcap) of State Bank of India went lower by Rs 7,675.16 crore to Rs 5,16,378.05 crore and that of ITC tanked Rs 5,903.31 crore to Rs 5,44,906.44 crore. Bharti Airtel's mcap declined by Rs 1,866.66 crore to Rs 4,64,396.71 crore. However, Reliance Industries added Rs 18,233.31 crore taking its market valuation to Rs 16,79,156.

Sebi makes rule for upstreaming of client funds by brokers to clear corps

To safeguard clients' funds, capital markets regulator Sebi on Thursday came out with a framework that requires the upstreaming of all client funds received by stock brokers to clearing corporations. Under the framework, no clients' funds will be retained by stock brokers on an end-of-day (EoD) basis. Further, clients' funds will be upstreamed by stock brokers and clearing members to clearing corporations (CCs) only in the form of either cash, lien on Fixed Deposit Receipt (FDR) or pledge of units of mutual fund overnight schemes, Sebi said in a circular. Other than the FDRs (liened to CCs) and mutual fund overnight scheme (pledged to CCs), any remaining client funds with brokers will be upstreamed to a CC before a stipulated cut-off time. The new framework will come into effect from July 1, 2023, the Securities and Exchange Board of India (Sebi) said. With regards to upstreaming through FDRs created out of clients' funds, Sebi said stock brokers may create FDRs out of clients' fun

NSE to shift Nifty Bank F&O expiry day to Friday, weeks after BSE

BSE did not comment on the possible impact of NSE's decision on its revived volumes