In the midst of all the debate over stock market levels and valuations, the BSE market cap crossed $3 trillion. Yes we are considering the BSE market as there are over 4500 stocks listed on the BSE and hence it is a lot more representative of the spread of the Indian capital markets. Of course,
Previous Day Market SENSEX closed at 48,732.55 up by 41.75 points Nifty closed at 14,677.80 down by 18.70 points For the week ended 14 May, 8 out of the top-10 highest market cap companies on the Nifty lost value to the tune of Rs.113,075 crore. TCS, Infosys, and HDFC Bank were among the worst affected.
Previous Market Close Update Sensex closed at 47,878.45 down by 202.22 points Nifty closed at 14,341.35 down by 64.80 points As India struggles for oxygen, the corporate sector is helping to ease the supply shortfall. Large Indian corporates are chipping in a big way. JSW Steel ramped up its liquid medical oxygen or LMO supply to 900
For the year 2020, once again, the majority of the large-cap funds underperformed the benchmark indices. This is a repeat of what we saw in 2018 and 2019 when the volatility in the market had led to the large-cap funds not measuring up. Repeat story in 2020 According to a recent survey of mutual fund
Previous Market Close Nifty closed at 14744 up by 186.15 points Sensex closed at 49858.24 up by 641.72 points Rolex Rings, a manufacturer of auto components, has filed preliminary papers with SEBI for the proposed launch of its IPO. The Rolex Rings IPO will consist of a fresh issue of shares worth Rs.70 crore and
One big positive outcome of the COVID pandemic appears to be that GST revenues have grown to above pre-COVID levels. GST collections for the month of Jan-21 came in at Rs.120,000 crore. This is not only the highest ever but represents the fourth successive month of GST collections above the Rs.1 trillion mark. For Dec-20,
During the week ending 20 November, the top 10 companies on the Nifty lost Rs.107,160 crore in terms of market cap. The markets saw value depletion after a gap of 3 weeks with the fall led by heavyweights like Reliance, TCS, HUL, ICICI Bank and Infosys. While Reliance was the top loser giving up Rs.69,379