Investors’ wealth went up ₹1.56 lakh crore on July 8. File 
| Photo Credit: Reuters

The market capitalisation of BSE-listed firms on Kuly 8 hit a fresh lifetime high of ₹451.27 lakh crore on a day when the BSE Sensex reached a record closing level.

The 30-share BSE benchmark climbed 391.26 points or 0.49% to settle at a new closing peak of 80,351.64. During the day, it jumped 436.79 points, or 0.54%, to hit a new lifetime high of 80,397.17.

The market capitalisation of BSE-listed firms hit an all-time high of ₹4,51,27,853.30 crore ($5.41 trillion) and investors’ wealth also went up ₹1.56 lakh crore on July 8.

“After consolidating in the last few days, markets bounced back to make fresh highs amid buying seen in index heavyweights,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.

Top gainers and losers

Among Sensex components, Maruti Suzuki India jumped 6.60% amid reports that the U.P. Government waived registration taxes on hybrid cars as part of its initiative to promote environmentally friendly vehicles in the State. Mahindra & Mahindra, ITC, Sun Pharma, Titan, Tata Motors, and Nestle were the other big gainers. Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, and JSW Steel were among the laggards.

Among the indices, auto jumped 2.17%, consumer durables (2.01%), realty (1.23%), consumer discretionary (1.21%), healthcare (1%), and utilities (0.76%). Telecommunication, capital goods, and teck were the laggards.

A total of 2,010 stocks advanced while 1,924 declined and 92 remained unchanged on the BSE. Also, 320 stocks hit their upper circuit limit while 242 firms hit the lower circuit levels.

“Both domestic and global factors continue to drive the market momentum. Currently, consumption sectors like FMCG and auto are leading the gains, buoyed by progress in monsoon and kharif sowing,” Vinod Nair, Head of Research, Geojit Financial Services, said.

The 30-share BSE Sensex climbed 541.25 points to hit a fresh lifetime peak of 77,882.33 during the afternoon trade. The Nifty went up by 130.8 points to hit a new record high of 23,668.65. File

Benchmark equity indices Sensex and Nifty hit their new all-time high levels on June 25 tracking firm trends in Asian markets and buying in blue-chip bank stocks.

The 30-share BSE Sensex climbed 541.25 points to hit a fresh lifetime peak of 77,882.33 during the afternoon trade. The Nifty went up by 130.8 points to hit a new record high of 23,668.65.

Among the 30 Sensex companies, Axis Bank, HDFC Bank, ICICI Bank, UltraTech Cement, State Bank of India and Kotak Mahindra Bank were the biggest gainers.

Adani Ports, Power Grid, Tata Steel and Asian Paints were among the laggards.

In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.

U.S. markets ended on a mixed note on June 24.

India recorded a current account surplus of $5.7 billion or 0.6% of GDP in the March quarter, the Reserve Bank of India said on Monday.

This is the first time in ten quarters that the crucial metric of the country’s external strength has turned into surplus mode.

“A positive news from the market perspective is the current account turning surplus in Q4 FY24. This will take away the pressure on the rupee and pave the way for FII inflows when clarity emerges on the Fed rate cuts,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude declined 0.06% to $85.96 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹653.97 crore on June 24, according to exchange data.

The BSE benchmark ended 131.18 points or 0.17% higher at 77,341.08 on June 24. The Nifty went up 36.75 points or 0.16% to settle at 23,537.85.

Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.

Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said.

Retail inflation continued its downward slide to reach a one-year low of 4.75% in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank’s comfort zone of below 6%, according to government data released on Wednesday.

Rising for the second day in a row, the 30-share BSE Sensex jumped 538.89 points or 0.70 to hit its lifetime peak of 77,145.46. It later ended at a fresh record high at 76,810.90; up 204.33 points or 0.27%.

The NSE Nifty rallied 75.95 points or 0.33% to settle at a new closing high of 23,398.90. During the day, it climbed 158.1 points or 0.67% to its record peak of 23,481.05.

Among the 30 Sensex companies, Mahindra & Mahindra, Titan, Larsen & Toubro, IndusInd Bank, Tech Mahindra, UltraTech Cement, Wipro, Tata Consultancy Services, Bajaj Finance and Nestle were the biggest gainers.

On the other hand, Hindustan Unilever, Power Grid, Axis Bank, Bharti Airtel, ICICI Bank and ITC were among the laggards.

In Asian markets, Seoul and Hong Kong settled higher, while Tokyo and Shanghai ended lower.

European markets were trading lower. U.S. markets ended mostly with gains.

“There is good news on the inflation front, both in the U.S. and in India. The takeaway from the inflation numbers is that the disinflation process is well on track. From the market perspective, this is positive news, particularly for banking stocks,” said V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Federal Reserve officials said on Wednesday that inflation has fallen further toward their target level in recent months but signalled that they expect to cut their benchmark interest rate just once this year.

The policymakers’ forecast for one rate cut was down from a previous forecast of three, likely because inflation, despite having cooled in the past two months, remains persistently elevated.

Global oil benchmark Brent crude declined 0.71% to $82.01 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹426.63 crore on Wednesday, according to exchange data.

The BSE benchmark climbed 149.98 points or 0.20% to settle at 76,606.57 on Wednesday. The Nifty ended at 23,322.95, up 58.10 points or 0.25%.

Investors and brokers react after monitoring thestock prices on a digital screen. File photo
| Photo Credit: ANI

Benchmark equity indices Sensex and Nifty hit their fresh record high levels in early trade on Thursday, June 13, 2024, after retail inflation slipped to one-year low in May along with buying in IT stocks.

The 30-share BSE Sensex jumped 538.89 points to hit its lifetime peak of 77,145.46. The NSE Nifty climbed 158.1 points to its record peak of 23,481.05.

Among the 30 Sensex companies, Wipro, Tech Mahindra, Nestle, Titan, HCL Technologies, Bajaj Finance, Infosys, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers.

Hindustan Unilever and Power Grid were the laggards.

In Asian markets, Seoul and Hong Kong quoted higher while Tokyo and Shanghai traded lower.

US markets ended mostly with gains.

Retail inflation continued its downward slide to reach a one-year low of 4.75 per cent in May due to a marginal decline of prices in the food basket and remained within the Reserve Bank’s comfort zone of below 6 per cent, according to government data released on Wednesday.

“There is good news on the inflation front, both in the US and in India. The takeaway from the inflation numbers is that the disinflation process is well on track. From the market perspective, this is positive news, particularly for banking stocks,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude declined 0.36 per cent to USD 82.30 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 426.63 crore on Wednesday, according to exchange data.

“The US Fed kept interest rates unchanged for the seventh time in a row at 5.5 per cent. The Fed Chief acknowledged modest progress on inflation as against no progress at all in the last meeting. Markets took this acknowledgement on inflation in a positive stride,” said Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities.

The BSE benchmark climbed 149.98 points or 0.20 per cent to settle at 76,606.57 on Wednesday. The Nifty ended at a new closing peak of 23,322.95, up 58.10 points or 0.25 per cent.

Equity benchmark indices ended with gains on May 22 amid buying in blue-chips Reliance Industries and Infosys amid mixed cues from global markets.

The 30-share BSE Sensex climbed 267.75 points or 0.36% to settle at 74,221.06. During the day, it jumped 354.48 points or 0.47% to 74,307.79.

Similarly, the NSE Nifty advanced 68.75 points or 0.31% to finish at 22,597.80.

“Despite mixed global market sentiments ahead of the U.S. Fed minutes, Indian markets exhibited a subtle positive trend. Investors are optimistic about stable Q4 earnings and easing election jitters that had previously increased volatility.”

“Interest in the FMCG sector has risen due to the potential for an early onset of monsoon. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs staying on the sidelines,” Vinod Nair, Head of Research, Geojit Financial Services, said.

Among the Sensex firms, Hindustan Unilever, Reliance Industries, Infosys, Asian Paints, ITC and UltraTech Cement were the major gainers.

State Bank of India, JSW Steel, Axis Bank, ICICI Bank, Tata Steel and Tata Motors were among the laggards.

In Asian markets, Shanghai settled in the positive territory while Seoul, Tokyo and Hong Kong ended lower.

European markets were trading lower. Wall Street ended in the green on Tuesday.

Global oil benchmark Brent crude declined 0.84% to $82.18 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,874.54 crore on Tuesday, according to exchange data.

The BSE benchmark declined 52.63 points or 0.07% to settle at 73,953.31 on Tuesday. The Nifty, however, ended higher by 27.05 points or 0.12% to 22,529.05.

Mumbai:

For the first time, BSE-listed companies’ total market capitalisation crossed the $5 trillion mark on May 21, following a run-up in midcap and small-cap stocks.

In the last five months, BSE’s market cap has increased by $633 billion. At the beginning of this year, the total market cap of BSE was $4.14 trillion.

The Indian market has been bullish for some time now. BSE benchmark Sensex is trading just below 1.5 per cent from the all-time high. While BSE midcap and smallcap indices are trading at an all-time high.

Since the beginning of 2024, Sensex has given returns of only 2.3 per cent, but BSE Midcap and BSE Smallcap indices have given returns of 16 and 11 per cent respectively.

BSE has reached $4 trillion to $5 trillion in just six months. BSE touched the $4 trillion for the first time in November 2023.

The Indian stock market ranks fifth in market capitalisation in the world with $5 trillion. America is in first place with a market capitalisation of $55 trillion, China is in second place with a market capitalisation of $9.4 trillion, Japan is in third place with a market capitalisation of $6.4 trillion and Hong Kong’s stock market is in fourth place in the world with a market capitalisation of $5.4 trillion.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Benchmark BSE Sensex declined by nearly 53 points in a volatile trade on May 21 amid weak trends from Asian and European markets and fresh foreign fund outflows.

The 30-share Sensex declined 52.63 points or 0.07% to settle at 73,953.31. During the day, it hit a high of 74,189.19 and a low of 73,762.37.

The broader Nifty of NSE, however, closed higher by 27.05 points or 0.12% to 22,529.05.

Among the Sensex components, Nestle, Maruti, IndusInd Bank, ICICI Bank, Hindustan Unilever, Larsen & Toubro, Tata Consultancy Services, Infosys, HDFC Bank and Axis Bank were the major laggards.

Tata Steel, JSW Steel, Power Grid, Tech Mahindra and State Bank of India were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading in the negative territory. Wall Street ended mostly higher on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹92.95 crore on Saturday, according to exchange data.

Global oil benchmark Brent crude declined 0.55% to $83.25 a barrel.

The BSE benchmark climbed 88.91 points or 0.12% to end at 74,005.94 in a special trading session on Saturday. The NSE Nifty advanced 35.90 points or 0.16% to 22,502.

The National Stock Exchange (NSE) and BSE conducted a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failures at the primary site.

Markets were closed on May 20 due to general elections in Mumbai.

Representational image of a traffic signal in the foreground of the Bombay Stock Exchange on Dalal Street. File

Equity benchmark indices declined in early trade on Tuesday in line with weak trends from Asian markets and fresh foreign fund outflows.

The BSE Sensex declined 218.11 points to 73,787.83. The NSE Nifty dipped 97.45 points to 22,404.55.

Among the Sensex components, Nestle, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Hindustan Unilever and ICICI Bank were the major laggards.

Tata Steel, Power Grid, Tata Steel and Asian Paints were among the gainers.

In Asian markets, Seoul, Shanghai and Hong Kong were trading lower while Tokyo quoted in the positive territory.

Wall Street ended mostly higher on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 92.95 crore on Saturday, according to exchange data.

Global oil benchmark Brent crude declined 0.56% to $83.24 a barrel.

The BSE benchmark climbed 88.91 points or 0.12% to end at 74,005.94 in a special trading session on Saturday. The NSE Nifty advanced 35.90 points or 0.16% to 22,502.

The National Stock Exchange (NSE) and BSE conducted a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failures at the primary site.

Among individual stocks, Nestle India fell over 2%, walking back gains made in the previous session, as the shareholders of the local arm voted against a royalty hike to Swiss parent Nestle SA.

The KitKat chocolate maker was the top loser on the benchmark Nifty.

Bharat Electronics rose 9% to a record high after reporting a 30% jump in March-quarter profit.

Oil India rose about 4% to an all-time high after reporting a rise in fourth-quarter profit.

Markets were closed on May 20 due to the fifth phase of the Lok Sabha elections in Mumbai.

Benchmark equity indices declined in early trade on May 8 in line with weak trends from the Asian markets and continuous foreign fund outflows
| Photo Credit: PTI

Benchmark equity indices declined in early trade on May 8 in line with weak trends from the Asian markets and continuous foreign fund outflows.

Extending its previous day’s downtrend, the 30-share BSE Sensex declined 363.09 points to 73,148.76. The NSE Nifty dropped 116.9 points to 22,185.60.

From the Sensex basket, Asian Paints, Larsen & Toubro, Hindustan Unilever, HDFC Bank, Nestle and Mahindra & Mahindra were the major laggards.

Tata Steel, Maruti, State Bank of India and JSW Steel were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong quoted lower.

Wall Street ended on a mixed note on May 7.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,668.84 crore on May 7, according to exchange data.

Global oil benchmark Brent crude declined 0.30% to $82.91 a barrel.

Paring all its early gains, the BSE benchmark went lower by 383.69 points or 0.52% to settle at 73,511.85 on May 7. The NSE Nifty declined 140.20 points or 0.62% to 22,302.50.

Share brokers watching stock prices at BSE Sensex and NSE Nifty at Calcutta Stock Exchange in Kolkata. File
| Photo Credit: PTI

Equity benchmark indices rebounded in early trade on Monday following a rally in the U.S. markets and heavy buying in Kotak Mahindra Bank.

The 30-share BSE Sensex climbed 328.54 points to 74,206.69 in early trade. The NSE Nifty advanced 93.45 points to 22,569.30.

From the Sensex basket, Kotak Mahindra Bank jumped over 4% after the company reported a 25% growth in its March quarter net profit at ₹5,302 crore, limited by a drop in the core income due to narrow interest margins.

Tata Consultancy Services, JSW Steel, IndusInd Bank, ICICI Bank, Wipro and Axis Bank were among the other major gainers.

Titan, State Bank of India, Power Grid and Larsen & Toubro were the laggards.

In Asian markets, Shanghai and Hong Kong were trading in the positive territory.

Wall Street ended with significant gains on Friday.

Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”.

Mr. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a U.S.-based hedge fund that invests in Indian equities, asked him about the possibility of Berkshire exploring in India, the world’s fifth-largest economy.

“Positive comment by Warren Buffett that India is an untapped market with great potential is hugely important. FIIs can take a cue from that rather than react every time to changes in U.S .bond yields,” said V.K. Vijayakumar, chief investment strategist, Geojit Financial Services.

The U.S. jobs data for April has come lower-than-expected indicating a weakening labour market and slowing economy, Mr. Vijayakumar said.

“U.S. unemployment has risen to 3.9% in April. So the possibility of a rate cut by the Fed has again brightened. The decline in the dollar index to 105.8 and the cut in the 10-year U.S. bond yield to 4.49% augur well for the market,” he added.

Global oil benchmark Brent crude climbed 0.23% to $83.15 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹2,391.98 crore on Friday, according to exchange data.

The BSE benchmark dropped 732.96 points or 0.98% to settle at 73,878.15 on Friday. The NSE Nifty also declined 172.35 points or 0.76% to 22,475.85.