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.

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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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