Market Capitalisation of BSE listed companies hit record high of Rs 429.32 lakh crore
On Wednesday, the market capitalization of BSE-listed companies soared to a historic high of Rs 429.32 lakh crore, driven by the BSE benchmark Sensex’s upward movement amid a broadly positive trend in global equities.
The 30-share BSE Sensex closed up by 149.98 points, or 0.20 percent, at 76,606.57. During the day, it reached a peak of 77,050.53, gaining 593.94 points or 0.77 percent, just 28.51 points shy of surpassing its previous all-time high of 77,079.04.
The market capitalization of BSE-listed firms peaked at Rs 4,29,32,991.65 crore (USD 5.14 trillion), marking the highest in history.
Market rally leads to higher regulatory fees for stock exchanges IPOs head for an august month: Issues worth Rs 22,000 crore set to hit the market Equity MF inflow…
Adani group shares tumble 7 percent after Hindenburg report alleges SEBI chief’s involvement
Shares of Adani Group companies, including Adani Enterprises, Adani Ports, and Adani Green Energy, fell by up to 7% on Monday following the release of a new report by US-based short-seller Hindenburg Research.
Adani Enterprises and Adani Ports, both part of the Nifty 50 index, experienced declines of up to 5% before recovering slightly from their lowest points of the day. Other stocks within the group, such as Adani Energy Solutions, Adani Wilmar, and Adani Total Gas, saw their shares fall between 5% and 7%.
How are all Adani Group Companies Doing?
Adani Enterprises and Adani Ports, both components of the Nifty 50 index, fell by as much as 5% before seeing some recovery. Adani Enterprises ended down 2.60%, while Adani Ports closed 1.50% lower.
Credo Brands Marketing lists flat; what should you do now-
Credo Brands Marketing, the company behind Mufti Menswear, marked its market debut on Wednesday, December 27, with a steady performance on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The stock opened at ₹282 on the BSE, in line with its issue price of ₹280 per share. Simultaneously, on the NSE, it listed at ₹282.35 per share.
The grey market premium (GMP) experienced a notable surge, reaching nearly 30% above the IPO price. This implied a projected listing price of ₹360 against the IPO price of ₹280 per share. Analysts, buoyed by these indicators, had expressed optimism and expected favorable listing gains.
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New Investment Avenue- Why Sebi’s new asset class makes sense
The markets regulator has proposed a new product category to bridge the gap between mutual funds and portfolio management schemes. Saikat Neogi explains how the proposed higher ticket size products will work.
What has Sebi proposed?
IN A MOVE to curtail investments by rich individuals in unregistered investment schemes, the Securities and Exchange Board of India (Sebi) has proposed to introduce a product category which will combine features of mutual funds (MF) and portfolio management schemes (PMS). The Sebi consultative paper says the products will be offered by asset management companies and fund managers will have greater flexibility in portfolio construction.
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Religare Broking advises ‘Buy on Dips’ amidst sectoral traction; ACC, Bajajfinsv, Bata India and Coforge among top stocks to watch
By Ajit Mishra
Markets have been maintaining a positive momentum and making a record high with every passing day. Favorable global cues, especially from the US markets, combined with noticeable traction in heavyweights from the lagging sectors like Banking, IT is fuelling the momentum. Among the key indices, Nifty has tested a new milestone of the ‘21,000’ mark and Sensex also crossed the ‘70,000’ level. The broader indices are also trading in tandem and trading at record levels.
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Going ahead, the performance of the US markets will remain …
Investors lap up 50-year bond; Insurers, pension funds line up to grab a share
The government’s auction of the first 50-year bond evoked a strong demand from investors on Friday as the Reserve Bank of India (RBI) received bids worth Rs 40,200 crore (4x) for these ultra-long bonds, against the notified amount of Rs 10,000 crore.
The RBI set a coupon rate of 7.46% on the new government security maturing in 2073 during the weekly bond auction.
The central bank received a total of 216 bids, majority of which were from insurance companies and pension fundsCome from Sports betting site. “It was very well received by the market because the cut-off yield was better than expectationsCome from Sports betting site VPbet. The market…
Rupee rises 6 paise to 83.28 against US dollar in early trade
The rupee stayed on upward track for the second straight session and gained 6 paise to 83.28 against the US dollar in early trade on Wednesday amid a weak American currency and foreign fund inflow in the domestic equities. Positive sentiment in the domestic equity markets and easing crude oil price also boosted the Indian currency, said Forex traders.
At the interbank foreign exchange, the rupee opened stronger at 83.30 against the dollar but slipped to 83.33. It later traded at 83.28 against the greenback, up 6 paise over its previous close. On Tuesday, the rupee rebounded from record low levels and settled 6 paise higher at 83.34 against the US dollar.
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Team SoloMid Renamed TSM FTX In $210 Million Deal With Crypto Firm
Update: DotEsports.com is reporting that TSM will not be allowed to use the FTX addition in its name for any Riot-sanctioned event in North America. According to Chris Greeley, interim commissioner for the North American League Championship Series, while the deal does not break LCS rules, “crypto exchanges fall under a category of sponsorship that carries activation restrictions.” Therefore, as Greeley told Dot Esports, “TSM’s new naming convention and FTX brand placement on TSM jerseys will not apply to the LCS or other Riot Games esports in North America.”
Original Story: You may have heard of a sports team selling the name of its stadium, but what do you do if you’re an esports organization with no stadium name to shop? Sell the team’s n…
The Rock Will Star In New Amazon Holiday Movie That Could Go Beyond The Screen
Dwayne “The Rock” Johnson and Amazon Studios are teaming up for a new holiday movie that could incorporate some kind of new way to reach “multiple industries and businesses.” The film is called Red One, and it’s written by Fast and Furious writer Chris Morgan.
Amazon said in an announcement that Red One is a “globe-trotting, four-quadrant action-adventure comedy, imagining a whole new universe to explore within the holiday genre.”
Sources told The Hollywood Reporter that Red One is “Santa-centric,” even though Amazon’s own announcement did not mention Santa Claus by name. No director has become attached to the movie at this stage.
Perhaps what’s most notable and unique about Red One is how it’s apparently trying to be more than a movie…
Caesars Entertainment Incorporated abandons South Korea development
American casino operator Caesars Entertainment Incorporated has reportedly sold off its interest in a $767 million gambling-friendly development it is was helping to build in South Korea.
According to a report from GGRAsia, the Las Vegas-headquartered firm partnered with Guangzhou R&F Properties Company Limited in 2016 in hopes of being able to open the envisioned 1.85 million sq ft Caesars Korea venue complete with a foreigner-only casino by the end of next month. The source detailed that the first stage of this five-star property due to be located near the port city of Incheon was also set to feature a 720-room hotel alongside multiple live entertainment spaces, exhibition facilities and a plethora of adjacent villas.
Subsequent setbacks:
However, this timeline r…