Thursday, December 19

Tag: bse sensex

India’s stock market valuation reaches $4 trillion for the first time
5Dec By adminNo Comments
Business

India’s stock market valuation reaches $4 trillion for the first time

A surge in investments by retail traders and resurgent foreign inflows have put India’s stock market — the world’s fifth biggest — on the verge of a $4 trillion valuation for the first time.The market capitalization of securities listed on the nation’s exchanges has tripled since the March 2020 pandemic low to reach a whisker short of the $4 trillion mark as of Monday, according to data compiled by Bloomberg.India’s benchmark NSE Nifty 50 Index jumped 2.1% on Monday, leading gains in Asia, after Prime Minister Narendra Modi’s ruling party won three crucial state elections. The victories removed an element of political risk for investors by bolstering Modi’s position ahead of nationwide polls next year, increasing bets for continuity in government policy.The feat for India’s stock market c...
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Sensex rises by 354 pts, Nifty closes above 19,500 in Mahurat session
12Nov By adminNo Comments
Business

Sensex rises by 354 pts, Nifty closes above 19,500 in Mahurat session

MUMBAI: Benchmark stock indices Sensex and Nifty closed higher by more than half a per cent in the special Mahurat trading session on Sunday driven by across-the-board buying by investors. The 30-share BSE Sensex rose by 354.77 points or 0.55 per cent to close at 65,259.45 with 28 of its components settling in the green on the first trading session of Samvat 2080. The broader Nifty50 of the National Stock Exchange advanced 100.20 points or 0.52 per cent to settle at 19,525.55 led by gains in IT, infra and energy shares. As many as 43 Nifty50 stocks ended in green while seven in red. Muhurat trading is a one-hour, symbolic trading session conducted by Indian stock exchanges on Diwali, a Hindu festival considered auspicious for new beginnings, including investments. Buyers flooded Dalal Str...
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Net profit jumps 36% to Rs 10,261 cr, NII up 24%
21Oct By adminNo Comments
Business

Net profit jumps 36% to Rs 10,261 cr, NII up 24%

Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter | Photo: Bloomberg Private sector lender ICICI Bank on Saturday reported a 36 per cent rise in standalone net profit to Rs 10,261 crore for the September 2023 quarter, aided by an improvement in interest income. The Mumbai-based lender had posted a net profit of Rs 7,558 crore in the year-ago period. The total income in the second quarter of the current fiscal rose to Rs 40,697 crore from Rs 31,088 crore in the same period a year ago, ICICI Bank said in a regulatory filing. Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter. Its net interest income (NII) increased by 24 per cent year-on-year to...
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JP Morgan: Rupee snaps two-day fall, recovers 6 paise against US dollar
27Sep By adminNo Comments
Business

JP Morgan: Rupee snaps two-day fall, recovers 6 paise against US dollar

MUMBAI: The rupee on Wednesday staged a recovery after two days of steep losses to end 6 paise higher at 83.22 (provisional) against the US dollar on positive cues from domestic equity markets.However, selling pressure from foreign equity investors amid elevated levels of American currency and surging crude oil prices weighed on the local unit, forex traders said.At the interbank foreign exchange, the domestic unit opened at 83.23 and traded in a narrow range of 83.18 to 83.24 against the greenback. It finally settled at 83.22 (provisional), registering a gain of 6 paise from its previous close.The rupee lost 34 paise in the past two sessions. It closed 15 paise lower at 83.28 against the dollar on Tuesday, a day after registering a decline of 19 paise.The downward movement of the rupee w...
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Four Reasons Why Nifty Scaled Historic 20K Level Today? Here’s What Analysts Say
11Sep By adminNo Comments
Business

Four Reasons Why Nifty Scaled Historic 20K Level Today? Here’s What Analysts Say

Stock Market Today: Continuing the prevailing upward trend, Markets made a robust start to the week and gained nearly a per cent, with the NSE Nifty breaching its record level of 20,000 for the first time and the BSE Sensex reclaiming its 60,000 level after four months. The Nifty on Monday jumped 176.4 points to close at 19,996.35, its all-time high level, while the Sensex surged 528.17 points to end the day at 67,127.The Sensex earlier touched its all-time high level of 67,571 on July 20, 2023. The Nifty also hit its record high level of 19,991.85 on July 20 this year.4 Key Reasons For Today’s Market RallyVinod Nair, head of research at Geojit Financial Services, shared four key reasons for the Monday’s stock market rally:1) The domestic markets began the day on a positive note, bolstere...
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Tata Steel in advanced talks to secure funds for UK plant: Reports
3Sep By adminNo Comments
Business

Tata Steel in advanced talks to secure funds for UK plant: Reports

Tata Steel is in advanced talks with the UK government to agree around GBP 500 million in state-backed funding to secure the future of its Port Talbot plant in South Wales, according to UK media reports this weekend. The Indian steel major has been in long-drawn discussions related to the critical green transition of the UK's largest steelworks, involving thousands of jobs in the country's steel industry. According to a Sky News' report on Saturday, both sides are now close to agreeing a deal that would commit millions to the future of the Port Talbot steelworks. "Tata Steel is continuing to discuss with the UK government a framework for continuity and decarbonisation of steel making in the UK amidst very challenging underlying business conditions given that se...
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Indian blue-chip shares reverse to end lower as financials, autos weigh
27Jul By adminNo Comments
Business

Indian blue-chip shares reverse to end lower as financials, autos weigh

BENGALURU: Indian blue-chip shares reversed earlier gains to finish lower on Thursday, dragged by financials and autos, in contrast to the rally in its Asian peers on hopes that the Federal Reserve would stop raising interest rates.The Nifty 50 index closed 0.60% down at 19,659.90, while the S&P BSE Sensex lost 0.66% to 66,266.82.The indexes had mirrored the rise in their Asian peers earlier in the session after the Fed delivered what some expect to be its last rate hike this year.However, while the more internationally exposed Indian blue-chip shares gave up those gains the domestically focused mid-caps finished 0.27% higher, while the small-caps ended flat."There is a bifurcation in markets. On the one hand, domestic-linked stocks are doing well while export-linked sectors have come...
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Sensex, Nifty off record highs; Sheela Foam rises 9%
18Jul By adminNo Comments
Business

Sensex, Nifty off record highs; Sheela Foam rises 9%

Stock market LIVE updates: Equity indices extended their record high-run at the bourses on Tuesday, surging up to 0.5 per cent in early deals. The Nifty50 index scaled a fresh all-time high of 19,811, while the S&P BSE Sensex touched the 66,986-mark. ...Read MoreNo article available in this category.First Published: Jul 18 2023 | 7:49 AM IST
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