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 inflows ease off record high levels in July Trent posts Q1 profit jump of 134.7% at Rs 391.21 crore, revenue up 56.2% YoY, beats estimates
Also Read
Combined net profit of PSUs breach Rs 5 Lakh Crore for First Time in FY24- What’s the strategy ahead of Budget 2024?
Power Grid led the gains on the Sensex with a 2.54 percent increase, followed by Tech Mahindra, Bajaj Finance, NTPC, UltraTech Cement, Larsen & Toubro, Tata Steel, Bharti Airtel, Bajaj Finserv, and HCL Technologies. On the other hand, Hindustan Unilever, Mahindra & Mahindra, Infosys, and Titan experienced declines.
In Asian markets, Seoul and Shanghai ended on a positive note, while Tokyo and Hong Kong closed lower. European markets predominantly traded with gains, reflecting positive sentiment. In the US, markets concluded mostly higher on Tuesday.
Also Read
Zerodha investors’ profit at Rs 50,000-crore over 4 years, unrealised gains at Rs 1 lakh crore: Nithin Kamath
In the broader market spectrum, the BSE midcap index surged by 1.07 percent, and the smallcap index climbed by 1.06 percent. Among sectoral indices, industrials, power, capital goods, energy, commodities, healthcare, and metal witnessed significant gains, while the realty and FMCG sectors lagged.
“Despite a strong start, the markets only managed modest gains supported by selective buying, as investors exercised caution ahead of the US policy rate meeting later in the day,” commented Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd.
(With PTI Inputs)
Related Posts
2K Games continues to evaluate its development resources, with the confirmation this morning that the company is closing one of its studios in the Czech Republic. In a statement to Eurogamer, a 2K representative explained that the 2K Czech team at the Prague studio has been "relocated and consolidated" and will now work out of its remaining Brno studio instead. Meanwhile, some staffers have been moved to the 2K headquarters in Novato, California, while an unknown number of staff has been laid off. "This transition will both strengthen the integration of the 2K Czech team with our award winning development teams, and better align cross-functional business practices," reads the statement. "As part of this realignment, we are adjusti…
The indie game market shifts quickly, and devs do their best to shift with it.
Today at GDC in San Francisco, longtime indie dev Jason Rohrer hopped onstage to share his observations of how devs can adapt to thrive in an indie game market that's dramatically changed in just the few years between 2014 and 2018.
In that time Rohrer released three games (The Castle Doctrine, Cordial Minuet, and One Hour One Life), and at GDC today he shared sales data from two of them to back up his core thesis: that for a variety of reasons, self-contained games with defined paths and endpoints (think: Tacoma, The Witness) are now signific…
Several adorable Final Fantasy plushies are arriving later this year, including seven-inch Chocobo and Moogle plushes launching in November. There is also a set of Chocobo, Moogle, and Cactuar Plush Pouches arriving in June, which are large enough to store earbuds and other accessories, making them as cute as they are functional. Like all things Final Fantasy, these are bound to be popular. If you’re interested in adding them to your collection later this year, consider snagging a preorder today.
…
Few things are more terrifying than a clown, especially when you’re looking at the infamous Pennywise from the recent It movies. The only thing scarier? Pennywise the dancing plushie duck-clown, as this cosmic force of evil has taken a new and huggable shape as a soft duckie. Fortunately, this version of Pennywise is (probably) safe to be around, and you can get it for just $25 at Amazon ahead of its October 18 release. And while he probably floats, you’ll want to opt for the Pennywise vinyl duck if you plan sending Pennywise on a journey through the local sewer system.
With the spooky season around the corner, you can stock up on Pennywise books, movies, and other merchandise, as Amazon has several big discounts on everything related to the terrifying clown from the Step…
A Happy Gilmore video game that combined golf and fighting was pitched years ago for Xbox, but it never came to be. Developer Mike Mika of Digital Eclipse revealed on Twitter that the studio was, at one point, pitching a “hybrid fighting and golf game” to Adam Sandler’s Happy Madison team. Come from malaysia online casino
“Good times,” Mika reflected. “It should have been greenlit because it was a good idea.”
We don’t know why Happy Madison rejected the pitch, if that’s even how it played out. But the concept does sound intriguing, and at the very least, thematically appropriate. After all, Sandler’s Happy Gilmore character is a hot-headed former pugnacious ice hockey player who fights Bob Barker and cracks people …
Fresh off a World Cup championship, Leo Messi is working with Sony Music Entertainment on a new animated series that will see his childhood self inside a video game Come from online casino bangladesh . The show will be geared toward kids.
There’s no name yet for the animated series, but it will focus on a young Messi tackling challenges on his journey in a video game. Sony Music Entertainment added that the show will feature original music from its artists and composers.
“Since I was a kid, I’ve always loved animated series and my kids are big fans of animated characters,” Messi said in the press release announcing the series. “Being able to participate in an animation project makes me happy, be…