Page 148 - Stock Market

M-cap of BSE-listed firms zooms; investors richer by Rs 5.7 trn in 3 days

Driven by bullish sentiment in equities, the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2,47,30,108.97 crore on Monday. Extending its winning momentum for the third session, the 30-share BSE benchmark Sensex ended 765.04 points or 1.36 per cent higher at 56,889.76, its new closing peak. During the day, it jumped 833.55 points to its lifetime high of 56,958.27. In three days, the benchmark has gained 945.55 points. Thanks to the winning run in equities, the market capitalisation of BSE-listed companies zoomed to Rs 2,47,30,108.97 crore. Investors have become richer by Rs 5,76,600.66 crore in three days of market rally. The 30-share BSE index had closed above the 56,000-mark for the first time on Friday. "Stocks surged through the day on positive global cues buoyed by the Fed commentary," said S Ranganathan, Head of Research at LKP Securities. Bharti Airtel was the biggest gainer among the 30-share frontline companies pack, followed by Axis Bank

Investors richer by Rs 4 trn as Sensex zooms 765 pts, ends near 56,900

Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion

Macro data, global trends to dictate stock markets this week: Analysts

Domestic equities will be guided by macroeconomic data, auto sales numbers and global trends this week, analysts said. Equity benchmark indices scaled new closing highs on Friday, with the 30-share BSE index closing above the 56,000-mark for the first time. The market capitalisation of BSE-listed companies jumped to an all-time high of Rs 2,43,73,800.36 crore on Friday. "Markets could be impacted by an eventful economic calendar which begins with quarterly GDP growth rate numbers, followed by auto sales numbers and manufacturing PMI data," according to a note by Samco Securities Research. Markets would also continue to watch COVID-19 trends and pace of vaccination. During the last week, the BSE benchmark gained 795.40 points or 1.43 per cent. "Domestically, the result season is over with better-than-expected delivery and now with vaccination drive going on in full swing, economic recovery is expected to gain pace. However, sharp outperformance in the past 18 months had led to conc

From India to Korea, IPO markets are booming as China deals slow

Tech companies from India and South Korea, and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak

Billionaire-backed stock picker says tech bubble talk is for boomers

Blue Whale's top holdings are more dominated by brands that have become household names over the past two decades, including Google parent Alphabet Inc., Microsoft Corp.

Evergrande electric vehicle unit loses $80 billion in worst stock rout

China Evergrande New Energy Vehicle Group Ltd. sank as much as 22% Thursday after its parent said the unit lost 4.8 billion yuan ($740 million) in the first half

3 reasons why pharma's 'underperformer' tag at markets could change soon

Resolution of supply chain issues, defensive buying and index inclusion are triggers

Rally in NBFCs skating on thin ice; Piramal Enterprises biggest gainer

M-cap of top retail NBFCs has risen 19.4% in 2021, against 17.2% rise in Sensex and 12.8% rally in BSE Bankex

Sensex, Nifty end at fresh lifetime highs; Bajaj Finserv rises 8%

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with strong gains

India's world-beating stock market rally is narrowing fast, charts show

Since the end of July, measures of red-hot small and midcap shares have slumped and just a bunch of heavyweights have been keeping the largecap rally alive

Five out of the eight companies list below issue price in August

Aptus Value Housing Finance, Chemplast Sanmar latest to make tepid debuts

Value funds make a comeback after four years on broad-based equity rally

During the past one year, value funds have given average returns of 50.79 per cent, higher than large-cap and flexicap schemes

Global trends to direct stock market movement this week: Analysts

Equity market sentiment this week will be guided by global trends in the absence of any major domestic triggers, while bourses may also see some volatility amid expiry of derivatives contracts

Crackdown aftermath: Hang Seng index enters bear market

That extended its weekly loss to 5.8 per cent, the worst showing since March 2020

As stock markets surge, focus is on 'insider' selling gathering steam

Selling doesn't necessarily mean that these entities are trying to cash in on the bullish sentiment

European shares fall 2% on Fed taper fears; commodities slump hits miners

STOXX 600 falls to two-week low; defensive utilities among smallest decliners

Asian stocks slide, dollar climbs as taper and virus fears combine

Commodities were also sold with oil down for a sixth straight session and at three-month lows, while growth bellwether copper fell to a two-month trough

World's no. 1 wealth fund, based in Oslo, makes $110 bn as stocks soar

The Oslo-based fund returned almost 14% on stocks, with energy investments up nearly 20%, it said on Wednesday

Securities tax mop-up at 70% of Budget target amid market rally

The STT is a direct tax payable on the value of taxable securities transactions done through a stock exchange

With boom in equity markets, aggressive hybrid funds gain currency

Over the past year, the aggressive hybrid category has given average returns of 41%