Investors Become Richer By Rs 7.90 Lakh Crore In 5 Days Of Market Rally

Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.

Rallying for the fifth straight session, the 30-share BSE Sensex jumped 274 points or 0.42 per cent to settle at its all-time closing high of 65,479.05 on Tuesday. During the day, the benchmark surged 467.92 points or 0.71 per cent to hit its lifetime intra-day peak of 65,672.97.

Investors' wealth climbed Rs 7,90,235.84 crore in five days of rally. The market capitalisation of BSE-listed firms also reached an all-time high of Rs 2,98,57,649.38 crore on Tuesday.

Sensex gained over 2,500 points in the past five sessions.

Bajaj Finance was the biggest gainer in the Sensex chart, climbing 7.17 per cent, followed by Bajaj Finserv which rallied 5.76 per cent. Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, Tata Consultancy Services, Kotak Mahindra Bank, Infosys, State Bank of India and ITC were the other major gainers.

Bharti Airtel, Axis Bank, Reliance Industries, IndusInd Bank, Tata Steel and UltraTech Cement were among the laggards.

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

Equity markets in Europe were trading on a mixed note in the mid-session deals. The US markets ended in positive territory on Monday.

Global oil benchmark Brent crude climbed 1.43 per cent to USD 75.72 a barrel.

Foreign Portfolio Investors (FPIs) bought equities worth Rs 2,134.33 crore on Tuesday, according to exchange data.

FPIs pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months.

"Buoyancy in the markets continued as benchmark indices touched new highs in spite of mixed Asian cues and weak European markets in early trades. The cushion provided by Indian markets on the back of its strong fundamentals are offsetting some of the negative catalysts seen in key developed economies, and strong backing by the FIIs in recent weeks is a testimony to it," said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd. PTI SUM HVA

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

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Investors Become Richer By Rs 7.90 Lakh Crore In 5 Days Of Market Rally

Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.

Rallying for the fifth straight session, the 30-share BSE Sensex jumped 274 points or 0.42 per cent to settle at its all-time closing high of 65,479.05 on Tuesday. During the day, the benchmark surged 467.92 points or 0.71 per cent to hit its lifetime intra-day peak of 65,672.97.

Investors' wealth climbed Rs 7,90,235.84 crore in five days of rally. The market capitalisation of BSE-listed firms also reached an all-time high of Rs 2,98,57,649.38 crore on Tuesday.

Sensex gained over 2,500 points in the past five sessions.

Bajaj Finance was the biggest gainer in the Sensex chart, climbing 7.17 per cent, followed by Bajaj Finserv which rallied 5.76 per cent. Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, Tata Consultancy Services, Kotak Mahindra Bank, Infosys, State Bank of India and ITC were the other major gainers.

Bharti Airtel, Axis Bank, Reliance Industries, IndusInd Bank, Tata Steel and UltraTech Cement were among the laggards.

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

Equity markets in Europe were trading on a mixed note in the mid-session deals. The US markets ended in positive territory on Monday.

Global oil benchmark Brent crude climbed 1.43 per cent to USD 75.72 a barrel.

Foreign Portfolio Investors (FPIs) bought equities worth Rs 2,134.33 crore on Tuesday, according to exchange data.

FPIs pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months.

"Buoyancy in the markets continued as benchmark indices touched new highs in spite of mixed Asian cues and weak European markets in early trades. The cushion provided by Indian markets on the back of its strong fundamentals are offsetting some of the negative catalysts seen in key developed economies, and strong backing by the FIIs in recent weeks is a testimony to it," said Shrikant Chouhan, Head of Research (Retail), Kotak Securities Ltd. PTI SUM HVA

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

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Sensex Ends Above 65000 Mark For 1st Time Nifty Settles At Record 19322

Benchmark equity indices continued their rally on Monday, with the BSE Sensex ending above the 65,000 mark for the first time ever, propelled by a rally in global equities and persistent foreign fund inflows.

Hectic buying in index majors Reliance Industries, ITC and HDFC twins also added to the market momentum, traders said.

Rallying for the fourth straight session, the 30-share BSE Sensex jumped 486.49 points or 0.75 per cent to settle at its all-time closing high of 65,205.05. During the day, it rallied 581.79 points or 0.89 per cent to its lifetime intra-day high of 65,300.35.

The NSE Nifty climbed 133.50 points or 0.70 per cent to end at a record high of 19,322.55. In intra-day trade, the benchmark zoomed 156.05 points or 0.81 per cent to hit its all-time intra-day peak of 19,345.10.

Market benchmarks settled at record highs for the third straight session on Monday.

Reliance Industries was the top gainer in the Sensex chart, rising 2.53 per cent, followed by ITC, Bajaj Finance, State Bank of India, HDFC, UltraTech Cement, NTPC, HDFC Bank, Mahindra & Mahindra, Tata Steel, Bajaj Finserv and ICICI Bank.

In contrast, Power Grid, Maruti, Larsen & Toubro, Tata Consultancy Services, Tech Mahindra, Nestle and Tata Motors were among the laggards, skidding up to 1.86 per cent.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the green.

Equity markets in Europe were trading in the positive territory.

The US markets ended significantly higher in the overnight trade on Friday.

Global oil benchmark Brent crude climbed 0.97 per cent to USD 76.14 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 6,397.13 crore on Friday, according to exchange data.

GST collections crossed Rs 1.60 lakh crore mark for the fourth time since the roll-out of the indirect tax regime, rising 12 per cent to over Rs 1.61 lakh crore in June, the Finance Ministry said on Saturday.

"Sentiments of investors are reinforced by positive domestic data and optimistic global cues. Global market was supported by resilient economic data, avoiding the possibility of a recession. India's stock market trend was broad-based, owing to the outperformance from energy, financial, metal, and FMCG sectors," said Vinod Nair, Head of Research at Geojit Financial Services.

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

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Sensex Ends Above 65000 Mark For 1st Time Nifty Settles At Record 19322

Benchmark equity indices continued their rally on Monday, with the BSE Sensex ending above the 65,000 mark for the first time ever, propelled by a rally in global equities and persistent foreign fund inflows.

Hectic buying in index majors Reliance Industries, ITC and HDFC twins also added to the market momentum, traders said.

Rallying for the fourth straight session, the 30-share BSE Sensex jumped 486.49 points or 0.75 per cent to settle at its all-time closing high of 65,205.05. During the day, it rallied 581.79 points or 0.89 per cent to its lifetime intra-day high of 65,300.35.

The NSE Nifty climbed 133.50 points or 0.70 per cent to end at a record high of 19,322.55. In intra-day trade, the benchmark zoomed 156.05 points or 0.81 per cent to hit its all-time intra-day peak of 19,345.10.

Market benchmarks settled at record highs for the third straight session on Monday.

Reliance Industries was the top gainer in the Sensex chart, rising 2.53 per cent, followed by ITC, Bajaj Finance, State Bank of India, HDFC, UltraTech Cement, NTPC, HDFC Bank, Mahindra & Mahindra, Tata Steel, Bajaj Finserv and ICICI Bank.

In contrast, Power Grid, Maruti, Larsen & Toubro, Tata Consultancy Services, Tech Mahindra, Nestle and Tata Motors were among the laggards, skidding up to 1.86 per cent.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended in the green.

Equity markets in Europe were trading in the positive territory.

The US markets ended significantly higher in the overnight trade on Friday.

Global oil benchmark Brent crude climbed 0.97 per cent to USD 76.14 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 6,397.13 crore on Friday, according to exchange data.

GST collections crossed Rs 1.60 lakh crore mark for the fourth time since the roll-out of the indirect tax regime, rising 12 per cent to over Rs 1.61 lakh crore in June, the Finance Ministry said on Saturday.

"Sentiments of investors are reinforced by positive domestic data and optimistic global cues. Global market was supported by resilient economic data, avoiding the possibility of a recession. India's stock market trend was broad-based, owing to the outperformance from energy, financial, metal, and FMCG sectors," said Vinod Nair, Head of Research at Geojit Financial Services.

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

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Government Calls Of Strategic Disinvestment Of Pawan Hans

The government on Monday decided to call off the strategic disinvestment of Pawan Hans as the successful bidding consortium Star9 Mobility Pvt Ltd was disqualified in view of pending legal cases.

Pawan Hans is a 51:49 joint venture of the government and ONGC.

The government had in April last year decided to sell the helicopter service provider for Rs 211.14 crore to Star9 Mobility Pvt Ltd -- a consortium of Big Charter Private Ltd, Maharaja Aviation Private Ltd and Almas Global Opportunity Fund SPC.

However, in May the sale process was put on hold after it came to light that the lead member of the winning bidder consortium -- Almas Global Opportunity Fund SPC -- has a case pending against it at the National Company Law Tribunal (NCLT).

In a statement, the Department of Investment and Public Asset Management (DIPAM) on Monday said the government has examined the adverse orders of NCLT and NCLAT.

"After careful consideration of the response of the successful bidder to the show cause notice, with the approval of alternative mechanism ...the government has decided that successful bidding consortium M/s Star 9 Mobility Pvt Ltd is disqualified from the process of strategic disinvestment of Pawan Hans Ltd... Further, the current EoI process for strategic disinvestment stands annulled," the DIPAM said.

Alternative Mechanism comprises Minister of Road Transport & Highways, Minister of Finance and Minister of Civil Aviation. 

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

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Government Calls Of Strategic Disinvestment Of Pawan Hans

The government on Monday decided to call off the strategic disinvestment of Pawan Hans as the successful bidding consortium Star9 Mobility Pvt Ltd was disqualified in view of pending legal cases.

Pawan Hans is a 51:49 joint venture of the government and ONGC.

The government had in April last year decided to sell the helicopter service provider for Rs 211.14 crore to Star9 Mobility Pvt Ltd -- a consortium of Big Charter Private Ltd, Maharaja Aviation Private Ltd and Almas Global Opportunity Fund SPC.

However, in May the sale process was put on hold after it came to light that the lead member of the winning bidder consortium -- Almas Global Opportunity Fund SPC -- has a case pending against it at the National Company Law Tribunal (NCLT).

In a statement, the Department of Investment and Public Asset Management (DIPAM) on Monday said the government has examined the adverse orders of NCLT and NCLAT.

"After careful consideration of the response of the successful bidder to the show cause notice, with the approval of alternative mechanism ...the government has decided that successful bidding consortium M/s Star 9 Mobility Pvt Ltd is disqualified from the process of strategic disinvestment of Pawan Hans Ltd... Further, the current EoI process for strategic disinvestment stands annulled," the DIPAM said.

Alternative Mechanism comprises Minister of Road Transport & Highways, Minister of Finance and Minister of Civil Aviation. 

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

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Sensex Hits 65000-Mark In Early Trade; Nifty At New All-Time High Of 19200

Sensex hits 65,000-mark in early trade; Nifty at new all-time high of 19,200
 

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