M-cap of 8 of top 10 valued firms soars Rs 1.26 trn; Reliance, HUL shine

Eight of the top 10 valued firms together added Rs 1,26,579.48 crore in market valuation last week, with Reliance Industries and Hindustan Unilever Ltd emerging as the biggest gainers. Last week, the BSE benchmark jumped 973.61 points or 1.59 per cent. Only ITC and Infosys faced erosion in their valuation, while Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC and Bharti Airtel were the gainers. The market valuation of Reliance Industries jumped Rs 28,956.79 crore to Rs 16,80,644.12 crore. Hindustan Unilever's valuation rallied Rs 28,759 crore to Rs 6,16,391.77 crore. The market capitalisation (mcap) of HDFC Bank climbed Rs 23,590.05 crore to Rs 9,31,095.12 crore and that of TCS zoomed Rs 15,697.33 crore to Rs 11,97,881.94 crore. The mcap of HDFC surged Rs 13,893.03 crore to Rs 5,09,434.44 crore and that of ICICI Bank soared Rs 11,946.89 crore to Rs 6,59,479.70 crore. Bharti Airtel's valuation moved up by

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Gold price rises Rs 110 to Rs 61,800; silver falls Rs 200 to Rs 74,800

The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,650

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Sensex gains 123.38 points, finishes over 62K, highest since December

The 30-share index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022

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BSE, NSE to remove 3 Adani Group stocks from ASM framework on Monday

Leading bourses BSE and NSE on Friday said that three Adani group companies -- Adani Total Gas, Adani Transmission and Adani Green Energy -- will move out of the ASM framework from May 15. On March 24, both the bourses had moved Adani Total Gas and Adani Transmission from second to the first stage of the long-term Additional Surveillance Measure (ASM) framework. Last month, the exchanges had also moved Adani Green Energy to first stage of long-term ASM framework. The stocks will be excluded from ASM framework effective May 15, according to two separate circulars available on the BSE and NSE websites. PC Jeweller is also another stock that was excluded from the ASM framework. On Thursday, MSCI announced that two Adani group companies -- Adani Total Gas and Adani Transmission -- will move out of the MSCI India Index with effect from May 31. MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios. US short-seller Hindenburg Resear

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Carlyle Group weighing entry into private credit market in India

Executives from the US private equity investor's Hong Kong office have visited India to understand the country's private lending opportunities in recent months

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MSCI drops Adani Transmission and Adani Total Gas from India index

Stocks to be assigned 'zero' value if they get locked in lower circuits on May 31

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Stock Market Live: SGX Nifty lower as Street eyes retail inflation for Apr

Stock market live on May 12, 2023: A Reuters poll expects April retail inflation to have cooled to an 18-month low of 4.8 per cent as rises in food and fuel prices moderated

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Adani Transmission, Adani Total Gas dropped from MSCI's India gauge

The exclusion follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two companies

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Charts show Nifty Commodities in overbought zone; sell-on-rise strategy apt

The recent bullish run has propelled Nifty Commodities into an overbought zone, implying optimal trading strategy to capitalise on any upward price movements by selling, said technical analyst

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Nexus Select Trust's initial public offering garners 5.4 times subscription

The REIT plans to utilise the net proceeds of the fresh issue portion to repay debts and to acq­uire stakes and redeem debt securities in ce­rtain asset special purpose vehicles

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Adani Group shares in focus on fund raising plan; Adani Enterprises up 4%

The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others.

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Larsen & Toubro dips 4% on profit booking post March quarter results

In the past one year, L&T has rallied 45 per cent, as against nearly 15 per cent gain in the S&P BSE Sensex

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Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto

Stock to Watch today: Adani Enterprises Ltd., the flagship company of Adani Group, said on Wednesday that it will hold a board meeting on May 13 to consider fund raise via issuance of equity

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Charts exhibit bearish trend for Nifty Realty, Pharma indices in near-term

By booking profits and staying away from the market, investors can avoid potential losses and capitalise on future price fluctuations that may occur, said the technical analyst

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Sensex, Nifty close with gains in choppy trade ahead of US inflation data

The broader NSE Nifty gained 49.15 points or 0.27% to end at 18,315.10, posting gains for a third day in a row.

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Latent View Analytics slumps 9% despite record revenue in FY23; check why

During the March quarter of FY23, Latent View's operating profit fell 3 pe cent QoQ to Rs 141.1 crore, while Ebitda margin shrank to 21.4 per cent from 29.5 per cent

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SCI soars 8% on near 3-fold jump in Q4 net

The shipping major reported a 183.9 per cent jump in Q4FY23 net profit to Rs 359.83 crore when compared with Rs 126.74 crore in Q4FY22

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Gold price rises Rs 100 to Rs 61,850, silver unchanged at Rs 78,100

The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,700

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Stock Market Live: Quiet open likely for Sensex, Nifty ahead of US CPI data

Stock market live on May 10: The market action will be guided by Q4 earnings season with stocks of L&T, Dr Reddy's, Sanofi, Godrej Consumer and Gujarat Gas on the radar

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Charts hint near-term correction for Nifty FMCG, sell-on-rise approach apt

It is recommended that traders adopt a cautious approach while trading in Nifty FMCG index, given the overextended market conditions and the likelihood of a correction in the near term, said analyst

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Should you subscribe to Nexus Select REIT IPO? Here's what brokerages say

On Tuesday, shares of Nexus Select enjoyed a premium of Rs 5 in the grey market, which translated to a likely listing price of Rs 105 apiece on the upper price brand

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Gold price rises Rs 100 to Rs 61,850, silver unchanged at Rs 78,100

The price of ten grams of 22-carat gold rose Rs 100 to Rs 56,700

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Mahanagar Gas hits 52-week high; soars 7% on margin improvement in Q4

The board recommended a final dividend of Rs 16 per equity share having face value of Rs 10 each (i.e. 160 per cent) for FY23.

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Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus

The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.

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MARKET LIVE: Tepid open likely; Mankind Pharma debut, Nexus Trust IPO eyed

Stock market live: The market action will remain stock specific with Q4FY23 results of SRF, Indraprastha Gas, Lupin, Raymond, Apollo Tyres, and Nazara Technologies, among others on the radar

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Charts reveal bearish trend for Nifty Private Bank index in near-term

By maintaining a strict stop-loss limit and implementing a sell-on-rise approach, investors can navigate present market trends with ease and mitigate potential losses, said the technical analyst

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Gold declines Rs 325 to Rs 60,925 per 10 gram; silver dips by Rs 965

Gold prices traded higher in Asian trading hours on Monday as the yellow metal got support from weaker US dollar

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Marico zooms 9% on steady Q4 performance; brokerages upgrade stock

Brokerage firm, Sharekhan has maintained 'Buy' rating on the stock with target price of Rs 645 per share. Prabhudas Lilladher upgrades stock to 'Accumulate'.

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Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target

The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.

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Gold, silver prices remain unchanged; yellow metal trades at Rs 61,630

The price of ten grams of 22-carat gold was trading at Rs 56,490

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Best of sovereign bond rally may be over with sales deluge coming

The cracks in demand are already starting to show, as the government sold bonds at higher-than-expected cut-off yields at an auction on Thursday

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Charts signal bullish trend for Nifty50, Nifty Bank over short-term

According to the technical analyst, the indices current market price, and identified short-term bullish trend, presents an opportunity for investors to potentially generate positive returns

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Slowly but surely, mutual funds warm up to investment in REITs, InvITs

Exposure up sevenfold in three years to Rs 5,200 cr

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RR Kabel backed by TPG files for IPO to raise up to $27.5 million: Report

Indian wire and cable maker RR Kabel Ltd., backed by private equity firm TPG, filed for an initial public offering on Sunday, seeking to raise up to $27.53 million

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Expect sideways movement in market with focus on Smallcap and midcap space

The week gone by had 4 trading sessions, but it had plenty of action and behaved on expected lines. It began positively, went sideways, gained and then crashed

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FPIs invest Rs 10,850 cr in just 4 trading sessions, due to stable economy

Foreign portfolio investors (FPIs) continue to be buyers of Indian equities in May and invested Rs 10,850 crore in the last four trading sessions due to the country's stable macroeconomic environment, robust GST collection and better-than-expected corporate quarterly earnings. This came following a net infusion of Rs 11,630 crore in equities in April and Rs 7,936 crore in March, data available with the depositories showed. The March investment was mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. However, if one adjusts for the investments of GQG in Adani Group, the net flow is negative. Going forward, the appreciation in the rupee and good fourth-quarter results will aid in increasing capital flows to India, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to data from the depositories, FPIs invested a net sum of Rs 10,850 crore in Indian equities in the last four trading sessions during May 2-5. "

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