Page 7 - Market News

Mcap of 9 of top 10 most-valued cos erode by Rs 1.22 trn; RIL top loser

Nine of the top-10 most valued firms faced a combined erosion of Rs 1,22,092.9 crore in market valuation last week amid weak trend in equities, with Reliance Industries emerging as the biggest laggard. Last week, the 30-share BSE benchmark declined 843.86 points or 1.36 per cent. Barring HDFC Bank, rest nine companies, including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever, witnessed decline in their market valuation. The valuation of Reliance Industries tanked Rs 29,767.66 crore to Rs 17,35,405.81 crore. TCS faced an erosion of Rs 19,960.12 crore to Rs 11,84,837.43 crore in its market valuation. The valuation of ICICI Bank plunged Rs 19,722.3 crore to Rs 6,29,380.54 crore and that of Infosys tumbled Rs 19,567.57 crore to Rs 6,40,617.19 crore. The market capitalisation (mcap) of Hindustan Unilever went lower by Rs 11,935.92 crore to Rs 6,27,434.85 crore and that of State Bank of India declined by Rs 11,735.86 crore to Rs 5,38,421.83 crore. Bharti .

Gold, silver prices fall in early trade; yellow metal selling at Rs 54,220

Ten gram of 22-carat gold is trading at Rs 49,700 today, according to the GoodReturns website.

Three-fold growth in index fund AUM in 2022, ETF assets cross Rs 5 trn

Index fund growth led by debt schemes, with fund houses launching target maturity funds this year

Gold, silver prices fall in early trade; yellow metal selling at Rs 54,530

Ten gram of 22-carat gold was trading at Rs 49,990 today, according to the GoodReturns website

Overseas investors oppose Sebi's data localisation norms, cite cyber risk

Sebi's proposed mandate will negatively impact FIs' global operation, ASIFMA argues

Combination of factors behind LIC share price going up: Experts

A combination of factors like proposed regulatory changes, business performance, head honcho from private sector to be the reason for the share of LIC shares going up in the market, said experts

Paytm board to consider share buyback today; check all details here

According to the company's liquidity report, Paytm has liquidity of Rs 9,182 crore, and in November, the company stated that it would become cash flow positive in the next 12-18 months

Three IPOs to hit primary market next week to raise Rs 1,858 crore

Three companies -- Sula Vineyards, Landmark Cars and Abans Holdings -- are set to launch their initial public offerings (IPOs) next week to collectively raise Rs 1,858 crore. The initial share sales of wine producer Sula Vineyards and Abans Holdings, the financial services arm of Abans Group, will open for public subscription on December 12, while that of automobile dealership chain Landmark Cars will begin on December 13, data with stock exchanges showed. This comes after 10 companies had floated their IPOs in the month of November. In 2022 so far, as many as 33 companies have come out with their IPOs to mop up over Rs 55,000 crore. In 2021, 63 IPOs raised more than Rs 1.19 lakh crore, as per the data. Ankit Yadav, Founder and Director of Market Maestroo, said all the three IPOs are coming at a time of interest rate hikes. Generally, there is an opportunity for making wealth from IPOs in low-rate scenarios where borrowing is easy. "So today in high rates, the businesses who are

Gold prices remain unchanged; silver rates rise by Rs 700 in early trade

24-carat gold is trading at Rs 54,000 per 10 grams

Gold, silver rates fall in early trade; yellow metal trading at Rs 53,780

Silver prices fall by Rs 500 per kg, trading at Rs 66,000 today

Investors look to emerging markets as US dollar tumbles: Analysis

As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback

Top Headlines: India Inc's profit declines, Ola ride-share's IPO, and more

Business Standard brings you the top headlines at this hour

'Do not see any reason for SIP flows to change course significantly'

Investors can continue and add SIPs or STPs (spread over next six months rather than lump sum) into midcap funds, with a five year time horizon

ESIC to invest up to 15 per cent surplus funds in equity through ETFs

The decision was taken at an ESIC meeting chaired by the Union labour minister Bhupender Yadav

Mcap of 8 of top-10 most valued firms climb Rs 1.15 trn; RIL biggest winner

Eight of the top-10 most valued firms together added Rs 1,15,837 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer. From the top-10 pack, HDFC twins were the only laggards. Last week, the BSE benchmark jumped 574.86 points or 0.92 per cent. The benchmark had settled above 63,000-level for the first time ever on Wednesday. The market valuation of Reliance Industries jumped Rs 71,462.28 crore to Rs 18,41,994.48 crore. Hindustan Unilever's market capitalisation (mcap) gained Rs 18,491.28 crore to Rs 6,14,488.60 crore. Tata Consultancy Services (TCS) added Rs 18,441.62 crore taking its valuation to Rs 12,58,439.24 crore. The valuation of Infosys climbed Rs 3,303.5 crore to Rs 6,89,515.09 crore and that of Adani Enterprises rallied Rs 2,063.4 crore to Rs 4,47,045.74 crore. Bharti Airtel's mcap grew by Rs 1,140.46 crore to Rs 4,72,234.92 crore and that of ICICI Bank jumped Rs 845.21 crore to Rs 6,49,207.46 crore. State Bank of India added Rs

Risk-reward favourable for Paytm; may rise more than 100% in 1 yr: Analysts

Shares of Paytm surged 8 per cent to Rs 535.45 apiece in the intra-day trade on Friday, before settling at Rs 537, up 7 per cent

Gold prices down by Rs 100, trading at Rs 48,460; silver unchanged

Ten grams of 24-carat gold is selling at Rs 52,880 today

Stocks to Watch: Zomato, SBI, Adani Group, Britannia, ONGC, Gland Pharma

Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.

Stock brokers' body seeks industry status for registered mkt intermediaries

Ahead of the Union Budget 2023-24, stock brokers' association Anmi has urged the government to accord industry status to Sebi-registered intermediaries and complete abolition of the Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT). In addition, Anmi (Association of National Exchanges Members of India) has sought the exemption of short-term capital gains of up to Rs 1 lakh and raising the threshold for tax on dividends. Presenting a recommendation for the upcoming Budget to Central Board of Direct Taxes (CBDT) chairman Nitin Gupta, Anmi, a grouping of 900 stock brokers, has sought industry status for Sebi-registered market intermediaries. The move will remove unwarranted restrictions, cost of funding and capital requirements for market intermediaries and will help create financial services companies of global scale. The grouping has suggested dispensing with the treatment of speculative income/loss under section 45 of day trading in listed shares in which no ..

MF route to buy a Merc? Senior executive's comment starts Twitter debate

Spotlight turns on why middle class Indians use SIP for securing their financial goals