Page 71 - Stock Market

Market capitalisation of BSE-listed firms hits new peak of Rs 431.67 trn

The combined market capitalisation of BSE-listed firms hit a fresh record of Rs 431.67 lakh crore on Thursday when the benchmark Sensex also reached its new lifetime high level. Rising for the second day in a row, the 30-share BSE benchmark jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46. It later ended at a fresh record high at 76,810.90, up 204.33 points or 0.27 per cent. Tracking the rally in equities, the market capitalisation of BSE-listed companies jumped to an all-time high of Rs 4,31,67,541.81 crore (USD 5.17 trillion). In two days, investors' wealth has risen by Rs 4.72 lakh crore. "The domestic equity benchmark traded with a modest gain, with domestic CPI data indicating that inflation is on a slow track of decline," said Vinod Nair, Head of Research, Geojit Financial Services. Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reser

Stock Market Highlights, June 13: Sensex, Nifty end listless session with minor gains; VIX down 6%

Stock Market Highlights on June 13: The BSE Sensex ended 204 points higher (at 76,811), while the Nifty closed 76 points up (near 23,400)

L&T share price gains after bagging large offshore order from ONGC

Shares of Larsen and Toubro (L&T) soared 2.3 per cent at Rs 3716.80 per share on the BSE in Thursday's intraday trade

Thomas Cook India's shares rise after CRISIL upgrades outlook to 'Positive'

Thomas Cook India's stock price zoomed 3.2 per cent at Rs 225 per share on the BSE in Thursday's intraday trade

Sugar stocks zoom up to 14% after official says govt considering price hike

According to reports, a senior Government official stated that the revision is likely to apply to the next sugar season and not the ongoing one

Power Mech Projects shares gain 10% post block deal worth Rs 131 cr

Power Mech Projects stock price zoomed 9.68 per cent at Rs 5379.95 per share on the BSE in Thursday's intraday trade

Paytm rallies 9% on partnership with Samsung; stock up 28% in one month

Shares of Paytm's parent company One 97 Communications rallied 8.9 per cent at Rs 438.95 per share on the BSE in Thursday's intraday deals

Indian stocks rebound from Lok Sabha election upset fastest in a decade

The rebound reflects the unwavering confidence among retail investors and their belief that local stocks will continue to reward them after rising for eight straight years

Dee Development Engineers eyes Rs 418 crore via IPO; to open on Jun 19

Piping solutions provider Dee Development Engineers Ltd on Wednesday said it is looking to raise Rs 418 crore through its initial share sale, which will open for public subscription on June 19. The issue, with a price band of Rs 193-203 apiece, will conclude on June 21. The bidding for anchor investors will open for a day on June 18. The initial share sale comprises fresh issuance of equity shares worth Rs 325 crore and an offer for sale of 45.82 lakh equity shares valued at Rs 93 crore by promoter and CMD Krishan Lalit Bansal at the upper end of the price band. This takes the IPO size to Rs 418 crore. Currently, Bansal owns a 74.74 per cent stake in the company. Of Rs 325 crore proceeds, Rs 175 crore will be used for payment of debt, Rs 75 crore for funding the working capital requirements, and the remaining 75 crore will be used for general corporate purposes, the company's CFO Sameer Agarwal told PTI in an interaction. Half of the issue size has been reserved for qualified ...

Market Highlights, June 12: Sensex up 150 pts, Nifty off record high ahead of CPI data, Fed outcome

Stock Market Highlights on June 12, 2024: Losses in Britannia Industries, M&M, HUL, Titan, Tata Consumer, Adani Ports, Axis Bank, and Infosys capped gains

Stocks of businesses in Andhra emerge surprise winners in post-poll rally

N. Chandrababu Naidu, the chief of the regional Telugu Desam Party, emerged as the biggest ally after Modi's party lost its majority and was forced to rely on its partners to stay in power

Federal Bank stock gains 4% amid speculations over new MD and CEO

Federal Bank's stock price surged up to 4.1 per cent at Rs 174.60 per share on the BSE in Wednesday's intraday deals

GFL share price jumps 6% after unit incorporates step-down subsidiary

GFCL EV is a newly incorporated company for business development. It is being set up to manufacture high purity metal sulphate and complex metal phosphate

Rites shares gain on MoU with Eastern Railway's largest shed facility

The share price surge followed Rites partnership announcement with Eastern Railway's Andal Diesel Shed. Andal Diesel Shed is the largest shed in Eastern Railway with a holding of 138 locomotives

Camlin Fine Sciences up 10% on acquiring Belgium based animal food firm

Shares of Camlin Fine Sciences surged 9.7 per cent at Rs 113.33 per share on the BSE in early trades on Wednesday

TVS Supply Chain Solutions zooms 8% on partnering with Mercedes-Benz group

Shares of TVS Supply Chain Solutions soared 7.6 per cent at Rs 182.55 per share on the BSE in early trades on Wednesday

Sebi launches investor certification exam to foster financial literacy

Capital markets regulator Sebi on Tuesday launched a free, voluntary online investor certification examination, which will help individuals gain comprehensive knowledge about stock market investing. Developed in collaboration with the National Institute of Securities Markets (NISM), this voluntary certification aims to help investors test their knowledge of markets and investing, Sebi said in a statement. The certification examination has been designed to assist individuals in their journey to gaining comprehensive knowledge about investing in the Indian securities markets. During the launch, Ananth Narayan G, Whole Time Member of Sebi, highlighted that the new certification examination is a significant step towards enhancing digital financial education in the securities market. "This online exam will help enhance investors' understanding of the investment process and the associated risks in the securities market and thus promote an efficient approach to investment aligned with the

Ola Electric gets Sebi approval to raise $660 mn through IPO: Report

Ola now plans to list its shares by mid July, and in coming days will reach out to investors to assess demand for its issue, both sources said

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.

Sebi to hire 49 officers; online application link closes on June 30

Capital markets watchdog Sebi on Tuesday initiated the process to hire 49 officers in different departments this year, a move that will help in faster and more effective execution of its regulatory role. This came after the Securities and Exchange Board of India (Sebi) invited applications in March for the 97 senior-level posts. The link for submitting the application online was originally scheduled to open on April 13. However, it was decided to postpone the same due to the schedule of the General Elections. Now, in a fresh notice on Tuesday, Sebi has invited applications for 49 posts of Officer Grade A (Assistant Manager) for General, legal, information technology, engineering electrical, research and official language streams. The link for submitting the application online will be open till June 30. The regulator is looking to fill 34 positions in the General stream, 10 in information technology, two in the legal team and one each in engineering (electrical), research and offic