M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer

The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally. Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28. Equity markets were closed on Monday for Christmas. While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards. HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack. The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 crore. LIC added Rs 25,426.49 crore, taking its valuation to Rs 5,27,062.06 crore. The valuation of Bharti Airtel surged Rs 24,510.96 crore to Rs 5,80,645.54 crore, and that of Hindustan Unilever rallied

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No need for a second trial of FTX founder Sam Bankman-Fried: Prosecutors

A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday. Prosecutors told US District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the "strong public interest in a prompt resolution" of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed. They said the judge can consider the evidence that would be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding customers and investors of at least USD 10 billion. Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison. Last spring,

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Review of Crypto Savings Account Services: Binance, Nexo, and CoinDepo

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2023: A year when equity gains surprised investors, Sensex surged 18.7%

Sensex has gained 18.7 per cent, and the Nifty 20 per cent and debt funds have given single-digit returns

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'Everyone got burned': Wall Street missed great stock rally of 2023

Blended together, these three calls - sell US stocks, buy Treasuries, buy Chinese stocks - formed the consensus view on Wall Street

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Solar manufacturer Waaree Energies files DRHP for Rs 3,000 cr IPO

Waaree Energies is the first solar manufacturer to go for initial public offering

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Stocks to Watch today: TCPL, Tata Coffee, PNB, Railtel, BoB, IDFC First Bk

Stocks to watch on Friday, December 29, 2023: Tata Consumer, Tata Coffee fixes merger date; Innova Captab to debut; PNB board okays Rs 7,500 crore fund raise and more such stocks in the news today.

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Stocks to Watch today: Zomato, KPI Energy, Banks, M&M, Bata, Kansai Nerolac

Stocks to watch on Thursday, December 28, 2023: Azad Engineering to list today. National Aluminium and RBL Bank only two stocks in futures & options ban period on expiry day.

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Gold touches 3-week high as dollar eases on US Fed rate cut hopes

The Fed is set to start 2024 with fresh evidence that US price pressures are retreating, with data last week marking the first time since March 2021 that the annual PCE price index was below 3%

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Gold price climbs Rs 220 to Rs 63,710, silver rises Rs 300 to Rs 79,500

The price of 22-carat gold was up Rs 200 at Rs 58,400

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Nifty PSU Bank, Financial Services: Sell on rise strategy recommended

According to Ravi Nathani, an independent technical analyst, traders can consider to short the Nifty PSU Bank index with a stop at 5,825.

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Stocks to Watch today: Paytm, Adani Wilmar, ONGC, Lupin, Kalyan Jewellers

Stocks to watch on Tuesday, December 26, 2023: Muthoot Microfin and Suraj Estate Developers to debut on the bourses today.

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CoinEx Institution: BitVM, the Potential of Smart Contracts on the Bitcoin Mainnet

New Delhi [India], December 25: On October 9, Robin Linus, a developer from ZeroSync, released the BitVM whitepaper, which attracted huge attention from the community. BitVM introduces a new computing paradigm capable of expressing Turing-complete Bitcoin contracts without requiring modifications to the network's consensus rules.

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Managing portfolio: Stay with winners or make bets laggards in 2024

The start of a new year is also a good time to make bets on stocks that have been laggards and could potentially see a turnaround in their fortunes next year

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SIP accounts AUM jumps 38% in 2023, share in mutual fund assets tops 19%

Monthly SIP investments have been going up consistently, rising from Rs 8,023 crore in January 2021 to Rs 17,073 crore in November 2023

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Small stocks lead D-St on bull run in 2023, give big returns to investors

Smaller stocks have emerged as Dalal Street's favourites in 2023 that has turned out to be a "great year" for equities, rewarding investors with big gains, driven by optimism over the country's macroeconomic fundamentals and heavy retail investors participation. Experts said equity markets are experiencing a prolonged bull run and it is during this time that the midcap and smallcap segments tend to outshine their larger counterparts. Till December 22 this year, the BSE smallcap gauge has jumped 13,074.96 points or 45.20 per cent while the midcap index has surged 10,568.18 points or 41.74 per cent. In comparison, the BSE 30-share benchmark Sensex has rallied 10,266.22 points or 16.87 per cent during this period. The smallcap index scaled its all-time high of 42,648.86 points on December 20 this year and the midcap gauge also reached its record peak of 36,483.16 points on the same day. The BSE benchmark also hit its lifetime high of 71,913.07 points on December 20. The midcap index

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Market holiday: BSE and NSE to remain closed today on account of Christmas

Indian exchanges like NSE, BSE, MCX, and the bond market will remain shut on the account of Christmas, this is the last market holiday on a trading day in this calendar year

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Gold, silver prices unchanged; yellow metal trading at Rs 63,490 per 10g

The price of silver also remained unchanged with one kilogram of the precious metal selling at Rs 79,000

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