M-cap of 6 of top-10 valued firms jumps Rs 2 trn; Reliance, TCS big winners

Six of the top-10 most valued firms together added Rs 2,03,010.73 crore in market valuation last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the 30-share BSE benchmark jumped 780.45 points or 1.19 per cent. The Sensex on Friday settled at its new all-time closing high of 66,060.90. From the top-10 pack, the market valuation of Reliance Industries jumped Rs 69,990.57 crore to reach Rs 18,53,033.73 crore. Tata Consultancy Services (TCS) added Rs 68,168.12 crore taking its valuation to Rs 12,85,058.84 crore. The market valuation of Infosys rallied Rs 39,094.81 crore to Rs 5,91,547.67 crore and that of Bharti Airtel surged Rs 10,272.84 crore to Rs 4,95,116.94 crore. The market capitalisation (mcap) of ICICI Bank climbed Rs 10,135.42 crore to Rs 6,72,837.72 crore and that of ITC went up by Rs 5,348.97 crore to Rs 5,87,951.43 crore. However, HDFC Bank's valuation fell by Rs 8,695.25 crore

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Q1 earnings, global trends, FII activity to guide mkts this week: Analysts

Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend. It is important to consider these factors alongside domestic developments," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Institutional activity will also have a significant impact on market trends, Gour added. Among major earnings to be announced this week are from Central Bank of India, HDFC Bank, IndusInd Bank, Hindustan Unilever, Infosys, Ashok Leyland, DLF, JSW Steel, Hindustan Zinc and Reliance Industries. "Global and domestic cues, upcoming quarterly earnings, FII (Foreign Institutional Investors) and DII (Domestic ...

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AlarmZ launches Pre-Sale, aims to revolutionize crypto risk mitigation management

Austin (Texas) [US]/ Gurugram (Haryana) [India], July 15: AlarmZ, a leading player in the cryptocurrency communications space, has launched its pre-sale as it seeks to revolutionize crypto risk mitigation management. With regulators worldwide actively developing new tools for effective monitoring of the risks associated with cryptocurrencies amid concerns over the growing interconnectedness between the traditional financial market and the crypto market, AlarmZ provides a standout solution that simplifies portfolio management for both new and experienced traders.

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Gold price unchanged at Rs 60,000; silver price jumps Rs 1,500 to Rs 77,100

The price of ten grams of 22-carat gold was at Rs 55,000, the same as yesterday

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Filing ITR for crypto gains: Here's your guide on taxation for VDAs

All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates or deductions under Section 115BBH.

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Shares of Senco Gold surge 28% during stock market debut on Friday

The stock hit a high of Rs 444 and a low of Rs 401 on the BSE

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JBM Auto zooms 18% on securing contract for supply of 5,000 electric buses

Thus far in the calendar year, the stock has skyrocketed 200 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.

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Stocks to Watch today, July 14: Senco Gold, Wipro, Dixon, Aptech, Patanjali

Stocks to watch on July 14, 2023: Bandhan Bank, JSW Energy, Just Dial and Kesoram Industries among prominent firms scheduled to announce June quarter earnings on Friday.

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Merged HDFC Bank to report Q1FY24 results on July 17; here's what to expect

HDFC Bank Q1 results preview: Analysts will be glued to the management's earnings growth guidance for the merged financial behemoth

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Google unveils NFT policy for Play Store to incorporate tokens into games

NFT investors, who have watched prices of their collections fall and interest in the digital-asset market wane, see the changes in Google's policy as a sign that the market is not dead yet

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Patanjali Foods freezes at 5% lower limit as promoters pare stake via OFS

The floor price for the 'Offer for Sale' was fixed at Rs 1,000 per equity share; and the offer will be on July 13 and 14.

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$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

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Nifty Auto in overbought zone; Bullish trend for Pharma index may weaken

The RSI for Nifty Pharma shows a pattern of lower highs and lower lows on the near-term charts; Nifty Auto is in the overbought zone and could see a potential correction

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Stock Market Live: Asia stocks zoom as US inflation slips to over 2-yr low

Stock market live on July 13, 2023: US inflation rose just 0.2 per cent in June over the preceding month and by 3 per cent annually, which was the lowest in over 2 years

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Utkarsh Small Finance Bank's IPO subscribed 4.2x on day 1 of issue

The company is issuing fresh shares worth Rs 500 crore in the IPO, which will be used for augmenting the bank's tier-1 capital base

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Brent crude rises above $80/barrel amid signs of tightening supplies

Futures rose as much as 0.8% in London, climbing just above $80

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Gold, silver prices unchanged; yellow metal trading at Rs 59,410 per 10g

The price of ten grams of 22-carat gold was Rs 54,450, at par with yesterday's price

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Delta Corp, Nazara crack up to 14% as govt slaps 28% GST on online gaming

Nazara clarified that this tax, once implemented, will apply only to the skill-based real money gaming segment of its business, which contributes 5.2% of the overall consolidated revenues for FY23.

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Bias negative for Nifty Metal index; near-term support is at 6,125 level

There is a strong resistance around the 6,525-mark, which suggests that the Nifty Metal index may struggle to surpass this level in the near future

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Stock Market Live: Asian equities mostly higher; US stocks jump overnight

Stock market live on July 12, 2023: Delta Corp and Nazara Tech will be in focus after the GST Council levied a 28 per cent tax on online gaming, casinos, and horse racing

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TCS Preview: Wage hikes to erode margin in Q1FY24; PAT may drop 3.3% QoQ

TCS Q1 result preview: The weakness comes on account of a worsening demand environment, which is leading to cancellation and delay in projects, a longer sales cycle and slower revenue conversion

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Defence stocks on roll: Mazagon Dock BDL Cochin Shipyard surge up to 10%

Mazagon Dock Shipbuilders hit a new high of Rs 1,584, as the stock rallied 10 per cent on reports that MoD has cleared the procurement of three additional Scorpene or Kalvari class submarines.

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Nifty PSU Bank index may rally another 10% from here on show charts

The final target for the ongoing up trend in the Nifty PSU bank index is projected to be in the range of 4,620 to 4,875

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Stock Market Live: Asian equities rally; Brent holds $78 per bbl mark

Stock market live on July 11, 2023: At 7:15 am, the Gift Nifty quoted at 19,484 levels, up over 50 points

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$7.5 bn SGX-traded futures has tepid start after shifting to India

The average number of open contracts for NSE International Exchange's key product GIFT Nifty was 32,934 in the week to July 7, according to data compiled by Bloomberg

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Akzo Nobel India surges 5% hits record high on steady growth outlook

In the past one month, the stock has outperformed the market by gaining 12 per cent as compared to a 4.4 per cent rise in the S&P BSE Sensex

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Olectra Greentech zooms 43% in 3 days post winning MSRTC Rs 10000 cr order

Till 11:07 AM; a combined 11.53 million shares representing 14 per cent of total equity of the company had changed hands on the NSE and BSE.

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Cyient DLM makes strong debut; stock lists at 52% premium over issue price

The stock was listed at Rs 403, a 52 per cent premium over its issue price of Rs 265 per share on the National Stock Exchange.

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RIL up 4%; fixes July 20 record date for share allocation to Jio Financial

Under the arrangement, shareholders of RIL will get one share each of Reliance Strategic Investment (RSIL) for every one share held in RIL as of the record date

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Stock Market Live: Gift Nifty in red; Cyient DLM eyes 57% listing gain

Stock Market Live: At 7:15 am, the Gift Nifty futures quoted at 19,443, down 15 odd points

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Sebi settles case of alleged unfair trade practices with individual

Markets regulator Sebi has settled a case with an individual on payment of nearly Rs 46 lakh as settlement amount in relation to alleged violation of certain norms related to prohibition of unfair trade practices. Sebi had received a complaint from Finsec Law Advisors alleging that Pawan N Agarwal and two others had violated certain provisions of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations with respect to trades of its client Aequitas. Aequitas is a Mumbai-based boutique investment firm. "Pursuant to the investigation, it was observed that Pawan N Agarwal... had mirrored certain trades of Aequitas and thereby violated the provisions... PFUTP Regulations," the watchdog said while modifying a recent order through a corrigendum. Earlier, it was alleged that the individual had violated provisions of PFUTP by engaging in front running/ mirror trading of trades. The individual paid Rs 45,99,600 as the settlement amount. Earlier, Sebi order had said the ...

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Union MF expects 50% growth in AUM to reach Rs 15000 cr mark by March

Union Mutual Fund, which has been an also-ran since its launch in 2012, is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, sniffing at Rs 15,000 crore by March. Despite having 22 funds (21 open-ended and one close-ended funds), the fund house sponsored by Union Bank of India and Japanese major Daiichi Life could not reach anywhere in the pecking order in the 43-player scattered industry that controls more than Rs 43 lakh crore of public money in its over 11 years of operations.. In the year to March 2023, it had an AUM of just Rs 9,853 crore across 4.96 lakh live folios from 21 cities. Daiichi picked a 39.64 per cent stake in the MF in May 2018. But in terms of its presence in small towns, Union MF does reasonably well with 32 per cent of the AUM coming in from the B30 (beyond top 30) cities and the rest from the T30 (top 30) cities. "As of June our AUM stood at Rs 10,700 crore, up from Rs 9,853 crore in March 2023. We hope to take th

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