Mukesh Ambani-controlled Reliance companies' market cap now exceeds $100 billion (as also Arcelor Mittal's). The new generation winners operate in a myriad sectors, including telecom, commodities such as steel and cement.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Aditya Birla group is close to buying the Reddy family's 66.32 per cent stake in Apollo Sindhoori Capital Investments (ASCIL), marking a re-entry of the group into the broking business.
The Sensex zoomed past the 3,800-mark and closed with a gain of 65 points at 3,807.
Within IIP, the capital goods sub-index has contracted for seven continuous months, suggesting investment demand continues to be weak.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The index, however, could not hold gains as persistent selling in banking, cement and realty stocks dragged the index into the negative zone. Heavy selling in the Reliance counter in late noon trades saw the index slide to a low of 13,405 - down 467 points from the day's high. The NSE Nifty shed 96 points to end at 4,041.
After opening lower at 5,168, the Sensex slipped a bit to touch a low of 5,158. However, fresh buying at these lower levels led the index spurt to a high of 5,191
A study of the top ten mutual funds' equity portfolios as on March 30 reveals that funds bought huge chunks of metal major SAIL, engineering stock KEC Infrastructures, while diluted their exposure to FMCG major ITC.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Mutual funds continued to buy into oil and gas, banking and finance, telecom, and media stocks in April
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
Among Sensex components, shares of Reliance Industries, India's largest company by market value, stole the show by surging 1.61 per cent to their highest in over three months.
The Sensex opened marginally lower at 13,139, down 20 points.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Investors cheered a sharp decline in the Current Account Deficit, which stands at a 4 year low as exports picked up and gold imports reduced.
The Nifty advanced 21 points to to close at 2,144. Reliance Energy vaulted 11.33% (Rs 67) to Rs 658. Reliance Industries zoomed 4.92% (Rs 30) to Rs 630.\n\n
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
In power, Mamata Banerjee has tried to bury the ghost of the past, but it might still be work-in-progress. Big-ticket and eye-grabbing (in terms of investment size) projects are still few and far between, reports Ishita Ayan Dutt.
The Sensex, after moving in a narrow-range throughout the trading session, ended 10 points lower at 3,612.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
The Sensex registered a healthy gain of 29 points to open at 5,955, and spurted to a high of 5,992 on all-round buying support. The index is firm and is currently up 59 points at 5,975.
Buying at lower levels in most of the sectors lifted the index to a high of 5,377. The Sensex is now up 50 points at 5,366.
The Ambanis are the only Indian family on the top 10 richest families list in Asia.
Mukesh Ambani-led company will squeeze market shares and margins of existing players
The Indian indices also offer one of the lowest dividend yields.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
The markets displayed volatility in the opening bell. After opening nine points higher over its yesterday's close at 6,317, the index moved up to touch an early high of 6,330.
The Sensex opened a point higher at 5,104. The index slipped into negative zone and is now at 5,077 - down 26 points. The Nifty is at 1,597 - down seven points.
Sustained selling pressure at select index heavyweights and pharma stocks have pushed the Sensex back to lower levels. The index is now down 32 points at 5,071.
The Sensex is now down 4 points at 5,136. The Nifty is up one point at 1,608.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances