Mukesh Ambani remains the country's wealthiest promoter as his stake in Reliance is now worth Rs 3.25 trillion!
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
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Mutual funds continued to buy into oil and gas, banking and finance, telecom, and media stocks in April
As record stock market rally continues, the value of shares directly owned by next-generation business leaders at 20 major corporate houses has soared over 18 per cent to Rs 17,000 crore.
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
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
As the virus ravaged rural areas, the state BJP figured out it was impossible to underplay or escape its impact on its political plans.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.
Pune-based entrepreneur's unlisted company is already the largest vaccine manufacturer in the world and the networth has been helped by vaccine distribution and manufacturing potential of his business, it added. Recentrly, Serum struck an agreement with AstraZeneca to manufacture 1 billion doses of coronavirus vaccine being developed by Oxford University.
Gains were led by index heavyweights with Reliance Industries contributing the most.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
The markets opened in the positive terrain but slipped and are trading flat as selling was seen in banking and pharma stocks
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Jeff Bezos of Amazon tops the list for the second consecutive year with networth of $147 billion.
The Sensex slipped into negative territory, after opening 14 points up at 7,765.
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.
Investors will remain cautious ahead of F&O expiry.
Days before US President Barack Obama's high-powered visit here, the US-India CEO Forum has been reconstituted with Cyrus Mistry replacing Ratan Tata as its co-chairman
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
The markets opened firm with tech, bank and pharma scrips making steady gains.
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
The 30-share Sensex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.
The 30-share Sensex ended up 165 points at 29,044 and the 50-share Nifty gained 54 points to close at 8,834.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
The Sensex, after moving in a narrow-range throughout the trading session, ended 10 points lower at 3,612.
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.
