Nine of top-10 firms add Rs 1.88 trn in market-cap; ITC biggest gainer

Nine of the 10 most valued firms together added Rs 1.88 lakh crore in market valuation last week, with ITC emerging as the biggest gainer. The 30-share BSE benchmark Sensex jumped 1,510.98 points or 2.54 per cent last week. Barring Reliance Industries Limited, rest nine firms including Tata Consultancy Services (TCS), HDFC Bank, Infosys and ICICI Bank were the gainers from the top-10 list. The combined market valuation gain of the nine firms was at Rs 1,88,366.69 crore. The market valuation of ITC rallied Rs 43,321.81 crore to reach Rs 4,72,353.27 crore. Infosys added Rs 34,043.38 crore, taking its valuation to Rs 6,72,935.25 crore. ICICI Bank's market valuation jumped Rs 32,239.66 crore to Rs 6,02,749 crore and that of TCS zoomed Rs 26,143.92 crore to Rs 12,74,026.80 crore. The market capitalisation (mcap) of HDFC Bank advanced Rs 23,900.84 crore to Rs 9,25,188.45 crore and that of Bharti Airtel climbed Rs 10,432.23 crore to Rs 4,42,015.45 crore. The valuation of Hindustan Uni

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India will get into global bond indices on own terms: FinMin official

India will not bend over backwards to get included in the global bond indices, a top finance ministry official said on Saturday. Deploying a sartorial analogy, Finance Secretary TV Somanathan said the indices are an exclusive club or gymkhana, which insists on entry only for those wearing ties. "...if we get into this club, it will be with our dhoti and saree. We will not change our domestic policies to suit foreign investors," he said, addressing a post-budget interaction with industry players in the financial capital. He said there are both positives and negatives of such an inclusion, which was spoken about in a previous budget announcement, and India will not "bend over backwards" to gain entry. India's policies will be based on domestic requirements, and there will not be any change to the stance to suit the fancy of global bond investors, he said. The global indices should allow entry for India only if such a stance is acceptable to them, he said. Positives of gaining entry

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Measures in place to address excessive market volatility, says Sebi

Sebi has begun examining the crash in Adani group stocks and is said to have increased the scrutiny of the Adani group and its investors

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Committed to ensuring market integrity, says Sebi amid Adani crisis

Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market's integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares. Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week. Officials confirmed that the statement has been issued in the wake of the Adani matter only. "As part of its mandate, Sebi seeks to maintain orderly and efficient functioning of the market and has put in place a set of well-defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks. "This mechanism gets automatically triggered under certain conditions of price volatility in any stock," the Securities and Exchange Board of India (Sebi) said. Stock exchange

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Gold, silver prices fall in early trade; yellow metal selling at Rs 57,930

The price of 22-carat gold was down by Rs 500 from yesterday's close to Rs 53,100 per 10 grams

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Indian crypto exchange WazirX moves funds after Binance cuts off service

Binance said it provided Zanmai wallet services "only as a tech solution for their operations of the WazirX exchange"

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As Adani Group plans to prepay share pledges, its US dollar bonds rally

All 15 dollar-debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone had made coupon payments on schedule

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Sebi mulls tenure extension for AIFs to continue unliquidated investments

Pooled investment vehicles may be allowed to carry forward unliquidated investments to a fresh scheme at the end of tenure

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7 Adani group stocks hit lower circuit; Adani Ent tanks 55% in 3 days

In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades

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Mehul Kothari recommends to buy Astral above this level

According to the technical analyst from Anand Rathi, Astral may witness a strong upside momentum on breakout above Rs 2,085.

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Budget 2023: 20% TCS may take sheen off investments in foreign stocks

The money can be adjusted later, but the blocking of 20 per cent capital till tax filing is likely to dissuade direct investment in foreign equities

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Call on FY24 green bond, H2 borrowing to be taken together: Ajay Seth

We are at 57 per cent of GDP for the central government, we have to see that every year we nibble away may be a percentage point, said Ajay Seth, Economic Affairs Secretary

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Britannia soars 5% to hit record high on strong Q3 operational performance

The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY

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Bank of Baroda Q3: What to expect from the lender's Dec quarter result?

Bank of Baroda Q3 preview: Analysts said traction in deposits, margin trajectory, and update on appointment of new MD & CEO would be on investors' radar

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Rs 8.7 trn mcap loss for Adani group; Adani Enterprises tanks 35% in 2 days

Given the unprecedented situation and the current market volatility, Adani Enterprises has cancelled its Rs 20,000 crore follow-on-offer (FPO)

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Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance

Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)

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Tesla reveals loss of $204 million from Bitcoin investments in 2022

Elon Musk-owned Tesla has revealed that the company recorded a $204 million impairment loss in 2022 on its Bitcoin investments

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Adani group shares extend fall; Adani Total Gas tanks 51% in five days

Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.

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Apar Industries zooms 42% in two days, hits record high on robust earnings

The management said the company witnessed volume growth across all the three divisions and the net profit tripled on a YoY basis.

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Gold, silver prices fall in early trade; yellow metal selling at Rs 57,270

Silver prices fell Rs 100 from yesterday's close to Rs 72,300 per kg

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Trading strategy in Nifty on the Budget Day by Vinay Rajani

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.

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Ravi Nathani recommends placing bearish trading bets on Nifty Metal index

According to the technical analyst, the Nifty FMCG index is gyrating in a 1,000-point range, a breakout from the same could trigger a fresh trend.

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Adani group stock rout takes India out of top-five on market capitalisation

The close to $70 billion rout in Adani Group stocks has seen the domestic market slip to sixth position in the world

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Tech Mahindra dips 4% as management flags growth moderation, budget cuts

Tech Mahindra is witnessing moderation in growth, slower decision-making for projects, cuts in discretionary spending and shrinking budgets for short-term tactical deals, its management said

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Gold price remain unchanged, trades at Rs 57,440; silver hikes by Rs 200

The price of 22-carat gold also remained unchanged from yesterday's closeand it was trading at Rs 52,650

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MARKET LIVE: Choppy day likely amid weak global cues; Adani FPO ends today

Stock market LIVE: The Union Budget of 2023-24 will be presented on Feb 1

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Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC

Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%

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Bajaj Finserv, Mphasis: Is it time to buy these stocks at current levels?

Check out the trading strategies in these frontline counters in a choppy market.

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Stock Exchanges BSE, NSE lower circuit limits on Adani group stocks

Through circuit filters, stock exchanges limit the daily fluctuations in a stock to stop unduly fall or rise in prices

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Gold, silver prices remain unchanged; yellow metal trades at Rs 57,440

The price of 22-carat gold was trading at Rs 52,650

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More downside seems likely on the Nifty, Bank Nifty, says Ravi Nathani

According to the technical analyst, the key support for the Nifty is at 17,475, below which the NSE benchmark can slide to 17,040 and 16,660 levels.

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Securities fraud by the 'Madoffs of Manhattan', says Adani group

It further said the report by Hindenburg Research is nothing but a lie

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NSE world's largest derivatives exchange for fourth straight year in 2022

The National Stock Exchange of India (NSE) has again emerged as the world's largest derivatives exchange in 2022, in terms of the number of contracts traded, according to the Futures Industry Association (FIA). This is the fourth consecutive year when the exchange earned the top spot, the NSE said in a statement on Sunday. In addition, the exchange was ranked third in the equity segment by the number of trades (electronic order book) in 2022, an advancement from the previous year when it was in the fourth position, as per statistics maintained by the World Federation of Exchanges (WFE). The calendar year witnessed the benchmark equity index the Nifty 50 touching lifetime high of 18,887.60. Further, significant strengthening in liquidity was seen in several product categories, including equity, equity derivatives and currency derivatives. In the equity segment, exchange-traded funds (ETFs) daily-average turnover stood at Rs 470 crore in CY 2022, an increase of 51 per cent year-on-y

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Seven of top-10 firms shed Rs 2.16 trillion in m-cap; RIL, SBI hit hard

The combined market valuation of seven of the 10 most valued firms eroded by Rs 2,16,092.54 crore last week, with Reliance Industries Limited and State Bank of India taking the biggest hit. Last week, the BSE barometer Sensex tumbled 1,290.87 points or 2.12 per cent. While HDFC Bank, Infosys, ICICI Bank, HDFC and Bharti Airtel were the other laggards among the top-10 firms, Tata Consultancy Services (TCS), Hindustan Unilever Limited and ITC emerged as the winners. The market valuation of Reliance Industries Ltd (RIL) tumbled Rs 71,003.2 crore to Rs 15,81,601.11 crore, the most among the top-10 firms. State Bank of India's valuation tanked Rs 46,318.73 crore to reach Rs 4,82,107.53 crore. The market valuation of ICICI Bank plunged Rs 36,836.03 crore to Rs 5,70,509.34 crore. HDFC Bank's valuation declined by Rs 24,899.93 crore to Rs 9,01,287.61 crore and that of Bharti Airtel fell by Rs 23,747.55 crore to Rs 4,31,583.22 crore. The market capitalisation (mcap) of HDFC went lower by

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Sebi may probe short selling to hammer down Indian markets: Report

The votaries of short selling consider it as a desirable and an essential feature of a securities market

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