Mcap of 6 most-valued firms fall by Rs 83,637.96 cr; TCS biggest laggard

Six of the top 10 most-valued firms suffered a combined erosion of Rs 83,637.96 crore in market valuation last week, with Tata Consultancy Services (TCS), Hindustan Unilever and Infosys taking the biggest hit, amid an overall tepid trend in equities. Last week, the BSE benchmark climbed 78.52 points or 0.12 per cent, while the Nifty gained 29.3 points or 0.15 per cent. The market valuation of TCS tumbled Rs 35,694.04 crore to Rs 11,74,720.15 crore, the most among the top 10 firms. Hindustan Unilever's valuation eroded by Rs 18,949.45 crore to Rs 6,19,281.77 crore and that of Infosys fell by Rs 13,549.34 crore to Rs 5,25,374.14 crore. The market capitalisation (mcap) of State Bank of India went lower by Rs 7,675.16 crore to Rs 5,16,378.05 crore and that of ITC tanked Rs 5,903.31 crore to Rs 5,44,906.44 crore. Bharti Airtel's mcap declined by Rs 1,866.66 crore to Rs 4,64,396.71 crore. However, Reliance Industries added Rs 18,233.31 crore taking its market valuation to Rs 16,79,156.

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US charges two Russian men over 2014 Mt Gox Bitcoin hack of $400 mn

Starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange's ultimate insolvency

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Gold price rises Rs 430 to Rs 60,650, silver jumps Rs 1100 to Rs 74,500

The price of ten grams of 22-carat gold rose Rs 400 to Rs 55,600

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CPPIB sells 1.77% stake in Kotak Mahindra Bank; IEX shares slump 10%

Shares of Indian Energy Exchange (IEX) plunged more than 10% on Friday on fears that the implementation of 'market coupling' norms will make a dent into revenues

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Suggest Bear Spread strategy on Bank Nifty for June series: HDFC Securities

Short term trend of the Bank Nifty has turned weak as it has closed below its 5 and 11-day EMA, says Nandish Shah of HDFC Securities

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Binance used two American banks to move billions of dollars, says SEC

In court filings, the SEC accountant, Sachin Verma, detailed a tangle of transactions that companies associated with the giant cryptocurrency exchange had made through two banks

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Expecting more, indices fall after RBI's rate pause; Sensex dips 294 points

The NSE Nifty declined 91.85 points or 0.49 per cent to end at 18,634.55

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Rate sensitive shares trade mixed after RBI keeps repo unchanged at 6.5%

The Nifty Bank, Nifty Financial, Nifty Private and Nifty PSU Bank indices were up 0.35 - 0.51 per cent, while Nifty Realty and Nifty Auto indices were down 0.10 - 41 per cent .

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Zen Technologies surges 10% on order win worth Rs 202 from Defence Ministry

Thus far in the calendar year 2023, the stock of India's leading anti-drone technology and defense training solutions provider has zoomed 146% as compared to a less than 3.3% rise in the Sensex

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Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh

Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its

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Book profits as Nifty Auto, Nifty Financial index trade in overbought zone

Nifty Financial Services is exhibiting a triangle-shaped pattern, which indicates a period of consolidation and uncertainty, says Ravi Nathani

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North Korean hackers suspected in new $35 million cryptocurrency theft

North Korean hackers were suspected behind the theft of at least USD 35 million from a cryptocurrency service, multiple crypto-tracking experts told CNN Tuesday

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Axis Bank joins Rs 3-trillion market cap club; stock surges 7% in one week

At 10:27 AM; with a market cap of Rs 3.02 trillion, Axis Bank stood at the 17th position in overall ranking of the BSE listed companies, data shows.

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Torrent Power soars 9% on inking MoU with Maharashtra govt for 3 projects

The company has signed a MoU with the Maharashtra government for setting up three Pumped Storage Hydro Projects of 5,700 MW capacity in Maharashtra, would entail an investment of about Rs 27,000 crore

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Gold price rises Rs 320 to Rs 60,650; silver up Rs 500 at Rs 73,500

The price of ten grams of 22-carat gold rose Rs 300 to Rs 55,600

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Hold longs in Nifty with stop loss of 18500; Hikal, Nesco bullish on charts

The breadth of the market is bullish as more than 67 per cent of the stocks are trading above their 200 DMA, says Vinay Rajani of HDFC Securities

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Mazagaon Dock extends rally to 8th straight day; zooms 27% in two days

Going ahead, analysts at ICICI Securities perceive peak execution through to FY25E based on the current orderbook visibility.

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Gold, silver prices remain unchanged, yellow metal trading at Rs 60,330

The price of ten grams of 22-carat gold was at Rs 55,300

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Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass

Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms

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MARKET LIVE: Global shares muted as bulls take a backseat; Brent at $76/bbl

Stock market live updates: Tracking weak global handover, the SGX Nifty, on Tuesday, indicated a subdued start as it quoted 18,694 levels, down 31-odd points

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Atomic Wallet faces security breach, loses over $35 mn in crypto

Atomic Wallet, a mobile and desktop crypto wallet allowing users to store various cryptocurrencies, has experienced a security breach and lost over $35 million in crypto assets since June 2

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Defence shares in focus; HAL, Bharat Dynamics, BEL hit new highs

The defence sector looks well placed in terms of increasing domestic procurements by the government for our armed forces.

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Talbros Auto hits new high; rallies 14% on healthy order book position

Over the last year, Talbros has received new multi-year orders over Rs 1,000 crore from both, domestic and overseas customers across its business divisions, product segments and JVs.

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Tata Motors hits over 6-year high; up 40% thus far in 2023 on solid outlook

On June 2, Tata group signed an outline deal with the government of Gujarat to build a lithium-ion cell factory with an investment of about Rs 13,000 crore

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Stocks to Watch on Monday, June 5: SBI Life, Hero Moto, Bajaj Finserv, NTPC

Stocks to Watch today, June 5, 2023: Brent crude related stocks could see considerable action today as oil prices jumped over 2 per cent overnight, and another 2 per cent Monday morning

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MARKET LIVE: Brent up 1% as Saudi Arabia vows output cut; Asian shares firm

Stock market live updates: The SGX Nifty, on Monday, eyed a steady start amidst positive global cues as it rose over 50 points to 18,717 levels

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NSE, BSE to introduce surveillance mechanism for micro-small firms on Jun 5

To curb volatility in small-cap counters, leading stock exchanges BSE and NSE have put in place an enhanced surveillance mechanism for companies that have a market cap of less than Rs 500 crore. The Enhanced Surveillance Measure (ESM) will be effective from June 5. Sebi and exchanges in a joint meeting have decided to introduce ESM framework for "micro-small" companies (on the main board with market cap less than Rs 500 crore), the National Stock Exchange (NSE) and BSE said in two separate circulars on Friday. The parameters for shortlisting the securities under the ESM framework include high-low price variation and close-to-close price variation. Under the framework, the exchanges said, "... the trading for these securities will be settled through a trade for trade mechanism with a price band of 5 per cent or 2 per cent (if the scrip is already in the 2 per cent band)." "For securities in Stage II, the trading will be settled through a trade for trade mechanism with a price band

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Mcap of 7 most-valued firms erodes by Rs 65,656 cr; RIL biggest laggard

The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 65,656.36 crore last week, with Reliance Industries taking the biggest hit, amid a muted trend in domestic equities. Last week, the BSE benchmark gained 45.42 points or 0.07 per cent, and the Nifty climbed 34.75 points or 0.18 per cent. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, Infosys and HDFC were the laggards, Hindustan Unilever, State Bank of India and Bharti Airtel witnessed addition in their market valuations. The market valuation of Reliance Industries eroded by Rs 34,910.54 crore to Rs 16,60,923.11 crore. ICICI Bank's valuation tumbled Rs 9,355.65 crore to Rs 6,55,197.93 crore and that of Infosys fell by Rs 7,739.51 crore to Rs 5,38,923.48 crore. The market capitalisation (mcap) of TCS declined by Rs 7,684.01 crore to Rs 12,10,414.19 crore and that of HDFC Bank dived Rs 5,020.13 crore to Rs 8,97,722.23 crore. ITC's valuation dipped Rs 621.4 cro

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