Eight of India’s top-10 most valued firms saw their market capitalizations (Mcap) surge by a combined Rs 1,83,290.36 crore last week, buoyed by a rally in equities led by IT giants Tata Consultancy Services (TCS) and Infosys.
The BSE benchmark index jumped 963.87 points, or 1.21%, during the week.
TCS, the largest gainer among the top-10 firms, saw its market valuation rise by Rs 38,894.44 crore to reach Rs 14,51,739.53 crore. Infosys followed closely, adding Rs 33,320.03 crore to its mcap, which stood at Rs 6,83,922.13 crore by the end of the week.
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Outcry over unchecked antisemitic content and commentary on social media site X, some of it endorsed by the platform’s owner Elon Musk, reached a tipping point on Friday, with large advertisers such as Apple Inc. pulling ads and the White House chastising the billionaire.
Musk, who regularly engages with antisemitic users on X, agreed with a post that said Jewish people hold a “dialectical hatred” of white people. “You have said the actual truth,” Musk responded.
Read More: Elon Musk Replies to Antisemitic Post on X, Labeling It ‘The Actual Truth’
The White House called Musk’s reply an “unacceptable” act that endangers Jewish communities. Meanwhile, several Tesla Inc. shareholders also spoke out against Musk, who is the chief executive officer of the electric car maker, with some saying he should be suspended from his post.
Americans have “an obligation to speak out against anyone who attacks the dignity …
Motilal Oswal’s latest report on the capital market highlights a notable surge in demat account registrations during February. According to estimates, approximately 43 lakh new demat accounts were added, pushing the overall tally to 14.80 crore accounts. This uptick contrasts with the average monthly additions of 21 lakh accounts witnessed in FY23.
The report underscores the continued dominance of Central Depository Services (India) Limited (CDSL) in the market, as it gained both total and incremental market share in February 2024.
Conversely, the National Securities Depository Limited (NSDL) experienced a decline in market share on a year-on-year basis, losing significant ground in both total and incremental demat accounts during the month.
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By Mr. Ajit Mishra
Markets have been maintaining a positive tone and inching gradually towards their record high. The majority of the sectors are witnessing rotational buying, which is not only keeping the participants busy but also capping the downside in the index amid consolidation. Besides, the broader indices are also attracting noticeable interest and trading at their record-high levels.
This week is a holiday-shortened one and we expect volatility to remain high due to the scheduled expiry of November month derivatives contracts. Apart from domestic factors, we are closely eyeing the performance of the US markets for cues and indications are in favor of the prevailing up move to continue. We are expecting the Dow Jones Industrial Average (DJIA) to inch toward the previous swing high i.e. 35,679 and the 34,800-35,000 zone would restrict the decline in case of any profit taking.
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Orient Technologies IPO opened to investors on August 21 for bidding. The company will stop the issue’s subscription on August 23. The issue got fully subscribed on the first day itself, getting bids over 4 times more than the offered shares. The retail portion received bids almost 7 times and the NII segment around 3 times.
GMP
The shares of Orient Technologies were fetching a premium of 15.5% in the grey market. It is an unofficial place where shares change hands illegally ahead of listing. Market participants keep an eye on GMP to track listing gains.
Issue Size
The company wants to raise a total of Rs 214.76 crore from the investors by offering them a combination of 5.8 million fresh shares and an offer for sale of 4.6 million shares.
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Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the negative territory. The NSE Nifty 50 dropped 36.55 points or 0.17% to settle at 20,901.15, while the BSE Sensex slips 132.04 points or 0.19% to 69,521.69. The broader indices ended in mixed, with fall led by Largecap and smallcap stocks. Bank Nifty index ended flat slight up 6.85 points or 0.01% to settle at 46,841.40. FMCG and Metal stocks outperformed among the other sectoral indices while Consumer Durables, and Media stocks shed. Adani Ports and SEZ, Power Grid corporation, Ultra Tech Cement, CIPLA and NTPC were the top gainers on the NSE Nifty 50, while the laggards include Bharti Airtle, Hindustan Unilever, Apollo Hospitals, ONGC and Tata Steel. The Indian Volatility Index (India VIX) closed down by 7.79 %.
Live Updates
Samvat 2079 was a year filled with global uncertainties, but the Indian market was able to absorb all the chaos and turn in decent returns of almost 10% — higher than the average inflation rate of 5.85%. The total investor wealth grew by Rs 46 trillion or 17% to Rs 320.3 trillion.
It was tough year globally – geopolitical tension due to the Russia-Ukraine war and more recently, Israel-Hamas conflict. Inflation spiralled across the world leading to strong interest rate action from central bankers. US bond yields and threat of rising crude oil prices remain a worry.
Foreign portfolio investors (FPIs), who have started pulling out money in the recent months, were bullish for most part of the Samvat 79. They purchased stocks worth Rs 1.45 trillion ($17.7 billion) while domestic institutional investors pumped in Rs 1.78 trillion.
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Street Fighter 6 is almost here, as the latest chapter in the mainline series will launch this June on PC and console. Since its original reveal, Capcom has been revealing just how different this sequel is from 2016’s Street Fighter V, and at the same time, how it has prioritized turning this hard-hitting new chapter in the franchise into what could be the most accessible fighting game of all time.
We’ve gathered up everything that we know about the game so far, including which characters have made the cut, how it shakes up the Street Fighter formula, and when you can expect to lace up your fighting gloves for a digital showdown.
Release date
You won’t have too long to wait, as Capcom announced at the 2022 The Game Awards that Street Fighter 6 will release on June 2, 2023.
Platforms
While Street Fighter V was only available on PC and PlayStation, Street Fighter 6 will be popping up on Xbox consoles as well. Officially, you’ll be able to grab Street …
A new Spirit Board event is now live in Super Smash Bros. UltimateCome from Sports betting site VPbet. This event runs through April 13 and introduces several new Spirits based on Super Mario 3D World + Bowser’s Fury, the expanded Switch port of the acclaimed Wii U Mario game.
Three new Bowser’s Fury Spirits in total have been added to the game: Fury Bowser, Giga Cat Mario, and the Kittens. All three Spirits will periodically appear on the Spirit Board throughout the event, and you’ll earn extra gold each time you defeat them in battle.
The Bowser’s Fury event is scheduled to run until 11 PM PT on April 13 (2 AM ET on April 14). If you miss out on the Spirits during the event, you’ll have another chance to find them on the Spirit Board and in the game’s shop at a later date.
Super Smash Bros. Ultimate has been regularly introducing new Spirits based on big Switch releases. Last week, three Monster Hunter R…