M-cap of 5 of 10 most valued cos jumps Rs 86,234.73 cr; TCS biggest gainer

The combined market valuation of five of the top-10 most valued firms jumped Rs 86,234.73 crore in a holiday-shortened last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer. While TCS, HDFC Bank, Infosys, Hindustan Unilever and Bajaj Finance were the gainers, Reliance Industries, ICICI Bank, ITC, State Bank of India and Bharti Airtel emerged as the laggards. Last week, the BSE benchmark climbed 167.22 points or 0.25 per cent. The market valuation of TCS rallied Rs 32,730.22 crore to Rs 13,24,649.78 crore, the most among the top-10 firms. Bajaj Finance added Rs 21,697.96 crore taking its valuation to Rs 4,94,884.37 crore. The valuation of Infosys jumped Rs 18,057.94 crore to Rs 6,13,655.04 crore and that of Hindustan Unilever climbed Rs 7,730.16 crore to Rs 5,87,104.12 crore. The market capitalisation (mcap) of HDFC Bank gained Rs 6,018.45 crore to Rs 11,63,164.31 crore. However, the valuation of Reliance Industries declined Rs 19,336.49 crore to Rs ...

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EMS hits new high, soars 16% in 2 days; commands 46% premium to issue price

A combined 1.22 million equity shares representing 2.5 per cent of total equity of EMS have changed hands in first 25 minutes of trade on the NSE and BSE.

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Stocks to Watch today: Rate sensitives, PB Fintech, Vedanta, IndiGo, GCP

Stocks to Watch on Friday, October 6, 2033: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech via block deals

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Stock Market Live: Asian equities gain; US futures muted ahead of jobs data

Stock Market Live updates on October 6, 2023: The Reserve Bank of India's (RBI) monetary policy decision will dictate the market mood on Friday

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Mutual fund industry sees best AUM growth in two years, shows data

The growth in AUM results from both market performance and fresh investments

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Sebi to tell court Adani inquiry began 2014, but hit dead end: Reports

Sebi restarted investigations into the group this year after U.S.-based short-seller Hindenburg Research raised governance concerns - allegations Adani Group has denied

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Gabriel India gains 7% to hit new high; up 60% in 2 mths on strong outlook

Operating margins are seen around 8-9%; the improvement is likely to be driven by stable RM prices, positive operating leverage benefits and cost optimization measures by the firm, said CRISIL

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Marico cracks 5% after company flags slowdown in Q2 earnings

The company in its pre-quarterly update reported a slight decline in consolidated revenue for the July-September quarter compared to the previous year.

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Stocks to Watch today: Marico, OMCs, Sheela Foam, Suryoday SFB, defence

Stocks to Watch on Thursday, October 5, 2023: The government, on Wednesday, released the fifth Positive Indigenisation List (PIL) of 98 items which will be procured by the three armed services

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Stock Market Live: Gift Nifty holds small gains; HAL, Marico, PNB eyed

Stock Market Live on October 5, 2023: At 7:15 am, the Gift Nifty futures were trading at 19,492, up 20 points

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Nifty Financial, Nifty Private Bank: Wait for these breakouts for direction

According to Ravi Nathani, initiating trades before the breakout occurs is laden with risk, traders should act once the breakout signals the market's chosen direction

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Nifty struggling to cross 20-DEMA; UCO Bank, Lemon Tree top technical picks

As per Vinay Rajani, Nifty's 20 DEMA is placed at 19,700 odd levels. A sustainable level above this could result in a bullish trend reversal in Nifty

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FTX Founder Sam Bankman's fraud trial gets under way with jury selection

US District Judge told group of 50 prospective jurors gathered in courtroom on top floor of a federal courthouse in lower Manhattan that he would ask them questions to try to seat a 12-member panel

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Winro Commercial India sells Sheela Foam's shares worth Rs 93 crore

Winro Commercial India Ltd on Tuesday offloaded shares of Sheela Foam, the maker of popular mattress brand Sleepwell, for Rs 93 crore through an open market transaction. According to the block deal data available with the National Stock Exchange (NSE), Winro Commercial India sold more than 8.34 lakh shares at an average price of Rs 1,114 apiece. This took the deal value to Rs 92.97 crore. These shares were purchased by Blue Diamond Properties Pvt Ltd at the same price. Shares of Sheela Foam fell 0.49 per cent to close at Rs 1,136 per piece on the NSE. In July, Sheela Foam Ltd said it will acquire a 94.66 per cent stake in Kurlon Enterprises Ltd (KEL) for Rs 2,150 crore.

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Steel Strips hits new high, up 5% on record net turnover in September

SSWL expects a sharp pull back of export demand with alloy exports being the key factor for Financial year 2023-24.

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Apollo Micro up 8% on Rs 150-cr capex plan to set up defence mfg facility

The proposed new units will add an additional infrastructure of 300,000 sq ft to its existing infrastructure, and will be capable of handling bulk production

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Nifty50, Bank Nifty: Buy when the indices approach these support levels

According to Ravi Nathani, caution is paramount as the Nifty index teeters precariously near a significant support level at 19,600

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Gold prices decline for a sixth straight day, hits seven-month low

Treasury yields climbed on Monday after a US government shutdown was averted over the weekend, pushing gold down to the lowest since March

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Gold extends fall as strong dollar, higher US interest rates take toll

Spot gold was down 0.8% by 9:54 a.m. EDT (1354 GMT) at $1,835.40 per ounce, its lowest since March 10. U.S. gold futures slipped 0.7% to $1,853.00

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New quarter, same struggles for stocks, bonds and currency markets

A opening move higher from the pan-European STOXX 600 quickly gave way in the face of some weak PMI data, denting traders' hopes for its first three-session run of back-to-back gains

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Thousands lose over Rs 200 cr in series of crypto rug-pulls in Himachal

Police are yet to nab the cryptocurrency fraud kingpin who may have swindled thousands of people across Himachal Pradesh of more than Rs 200 crore since 2018, the year the crypto fever reached its peak. The gang lured people by promising high returns in a short span of time in crypto investments and created a network of investors. The initial investors then were baited to reel in other people in a ponzi-style scheme. The matter was raised in the Vidhan Sabha by Independent MLA Hoshyar Singh who pegged the amount of money swindled from people in Kangra and Hamirpur alone to be upwards of Rs 200 crore. In the wake of Singh's assembly speech, a special investigation team was formed to probe into the matter. The exact amount defrauded is yet to be ascertained, Deputy Inspector General of Police, Northern Range, Abhishek Dhullar, who is heading the SIT, told PTI on Monday. The frauds used a combination of misinformation, deception, and threats to maintain control over their scheme and

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Sebi extends deadline for listed cos to confirm or deny market rumours

Capital markets regulator Sebi has extended the deadline for mandatory confirmation or denial of market rumours by listed companies. The deadline has been extended for the top 100 listed companies by market capitalisation to February 1, 2024, from October 1 this year at present, according to the latest circular by the Securities and Exchange Board of India (Sebi). Similarly, for the top 250 listed entities, the rule will kick in on August 1, 2024, from the current requirement of April 1, 2024. The rule is aimed at strengthening the corporate governance of listed entities. "It has been decided to extend the effective date of implementation of...the LODR (Listing Obligations and Disclosure Requirements) rules for top 100 listed companies by market capitalisation to February 1, 2024, and for top 250 listed companies by market capitalisation to August 1, 2024," Sebi said. Earlier in June, Sebi notified rules asking these listed companies by market capitalisation to confirm, deny, or .

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Gold, silver prices unchanged; yellow metal trading at Rs 58,200 per 10g

The price of 22-carat gold was also unchanged, with the yellow metal selling at Rs 53,350

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From organic farming to health care, startups shine on celebrity money

Some investments by celebs in 2023

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FPIs turn sellers after 6 mths of investment; pull out Rs 14,767 cr in Sep

After sustained buying in the last six months, FPIs have turned net sellers and pulled out of over Rs 14,767 crore from Indian equities in September, primarily due to dollar appreciation, steady rise in the US bond yields, and a spike in crude oil prices. Going forward, the outlook for FPI flows in India is uncertain, as it will depend on the performance of the Indian economy, the RBI's October monetary policy, and the outcome of the September quarter earnings, Mayank Mehra, smallcase, manager and principal partner at Craving Alpha, said. According to data with the depositories, Foreign Portfolio Investors (FPIs) have sold shares to the tune of Rs 14,767 crore in September. The latest outflow came after FPI investment in equities had hit a four-month low of Rs 12,262 crore in August. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. V K Vijayakumar, Chief Investment ...

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