The market capitalisation of BSE-listed companies on Thursday crossed the historic Rs 200 lakh crore mark for the first time, driven by a continuous rally in the broader market. Riding high on the bullish investor sentiment, the market capitalisation of BSE-listed companies reached a record Rs 2,00,47,191.31 crore at close of trade. The 30-share BSE index closed the day with a gain of 358.54 points or 0.71 per cent at its lifetime peak of 50,614.29. This is the fourth consecutive day of gains for the markets.
As the Indian equities signed off 2019 on a remarkable note, the m-cap of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore.
Prime Minister Narendra Modi arrived in Washington, DC, on Wednesday on an official visit to the United States during which he will hold the first face-to-face meeting with President Joe Biden and his deputy Kamala Harris, attend the maiden in-person Quad summit and address the 76th session of the United Nations General Assembly in New York.
The 77-year-old former US vice president will become the 46th president of the United States, CNN reported, after a victory in Pennsylvania, the state where he was born put him over the 270 electoral votes needed to win.
Ajit Singh represented a bridge between a constituency that represented a more traditional era in politics and a modern, forward-looking, India, remembers Aditi Phadnis.
United States President George W Bush has hailed the selection of Alaska's little-known female governor Sarah Palin as the running mate of Republican presidential nominee John McCain, calling her a 'proven reformer who is a wise steward' of taxpayers' dollars."I applaud Senator McCain for selecting Governor Palin. This decision is yet another example of why the American people can trust him to make wise decisions and to confidently lead this country," he said.
"In terms of India, in terms of South Asia, you cannot find a more knowledgeable person than Joe Biden. And indeed, right now, the Biden-Lugar legislation on Pakistan is the most important piece of legislation in terms of foreign policy on the Hill. It's trying to reorient our foreign policy toward that country to make it more comprehensive -- not just one that was individual-based and transactional as it was before."
In an obvious bid to leave everyone guessing on her political heir, Bahujan Samaj Party (BSP) president and Uttar Pradesh Chief Minister Mayawati appointed a second national vice-president of the party, late Tuesday night.
According to police, it appears to be a case of murder due to monetary and property dispute and they are searching for both the accused.
At BSE, 1,799 scrips declined and 714 advanced, while 184 remained unchanged.
ONGC was the top gainer in the Sensex pack, rallying over 13 per cent, followed by HCL Tech, Hero MotoCorp, NTPC, TCS, M&M, Infosys and Maruti. NSE Nifty soared 306.55 points, or 3.21 per cent, to 9,859.90.
Lula Mohanty, vice president, IBM India talks about the experiences that shaped her career and offers advice on how to be a good leader.
Other gainers included SBI, Kotak Bank, Sun Pharma, Tata Motors, M&M and Tata Steel, rising up to 5.19 per cent.
Tata Steel was the top loser in the Sensex pack, sinking over 5 per cent, followed by SBI, IndusInd Bank, Bajaj Finance, HDFC Bank and NTPC. NSE Nifty tanked 371 points to 16,614.20.
Incoming International Cricket Council (ICC) president Sharad Pawar does not want former Australian Prime Minister and cricket aficionado John Howard as his deputy in the interim.
The broader Nifty closed at 11,993.05, falling by 233.60 points, or 1.91 per cent. On the Sensex chart, Bajaj Finance was the top loser, dropping 4.63 per cent, followed by SBI, IndusInd Bank, Maruti, HDFC, Hero MotoCorp, Axis Bank, ICICI Bank and RIL
In four days, Sensex has fallen by 5,815.25 points. From the 30-share pack, 22 companies closed the day lower, led by Bajaj Finance, Maruti Suzuki India, Axis Bank, M&M, Tech Mahindra and ONGC, plunging up to 10.24 per cent.
Government think-tank body Niti Ayog CEO Amitabh Kant supported the industry demand and called for setting up of a single window clearance system for expeditious approval of projects. Start-ups and small medium enterprises requested the prime minister to provide support in low-cost capital at the virtual launch of space and satellite industry body Indian Space Association (ISpA).
The win took the Highlanders to the second spot with eight points as they remained unbeaten from four matches.
Shehzad Poonawalla, an office-bearer of the Maharashtra Congress, said he would also contest the election if it was conducted in a "genuine" manner.
Bajaj Finance was the top laggard in the Sensex pack, dropping over 9 per cent, followed by Axis Bank, IndusInd Bank, HDFC, ICICI Bank and M&M. Reliance Industries, however, capped the losses by rallying over 3 per cent. Sun Pharma, Hero MotoCorp, L&T, PowerGrid and Bajaj Auto were also among the gainers.
The bankruptcy tribunal had on July 5, prevented the Directorate General of Civil Aviation from deregistering the Boeing 777 plane, which has been under the possession of a Dutch cargo provider since April.
The stock, which is a play on the growth story of Indian Railways, has corrected 15 per cent from its 52-week high level of Rs 2,072.95 scaled on March 9. Yet, this has not deterred brokerages from holding a bullish view on the stock.
United States vice president-elect Joe Biden will lead a bipartisan Congressional delegation on a visit to Southwest Asia before he takes office alongside Barack Obama on January 20. For security reasons, details of the trip and the countries to be visited have not been released. Biden would be accompanied by Senator John Kerry, the former Democratic Presidential candidate and the incoming Chairman of the powerful Senate Foreign Relations Committee.
'Art has no religion. An artist is an artist.'
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
World leaders from across the political spectrum congratulated Joe Biden who became the president-elect of the United States, and Kamala Harris who made history as the first female to serve as the vice president.
Financial creditors shall submit their claims with proof by electronic means only, resolution professional Ashish Chhawchharia of Grant Thornton said in a public notice.
The self-balancing concept bike left everybody awestruck at Auto Expo 2018.
The Congress has almost made up its mind to nominate Vyricherla Kishore Chandra Suryanarayana Deo for the Vice President's post.
Seema Verma, who was confirmed by the Senate on a vote of 55-43, will play a key role in the government's bid to repeal and replace" Obamacare and head the Centers of Medicare and Medicaid Services that provides health services to 130 million people.
Presumptive US Republican presidential nominee John McCain is expected to meet soon with Louisiana Governor Bobby Jindal, a recent report said. McCain is expected to travel to Louisiana on Wednesday. The timing and the haste with which the visit is arranged, has caught some members of Jindal's team by surprise, the report added.
Axis Bank was the top gainer in the Sensex pack, surging over 13 per cent, followed by ICICI Bank, IndusInd Bank, Maruti, TCS, Kotak Bank and Reliance Industries. On the other hand, Nestle India, HUL, Tech Mahindra and Sun Pharma ended in the red. NSE Nifty zoomed 273.95 points, or 3.03 per cent, to finish at 9,266.75.
Top gainers in the Sensex pack included Yes Bank, Sun Pharma, IndusInd Bank, Tata Steel, HUL, Vedanta, Tata Motors, ICICI Bank, ITC, HDFC and Bajaj Auto, that rose up to 3.75 per cent.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
"We will decide our stand after (the presidential poll on) July 19," party spokesman and Member of Parliament Sanjay Raut told PTI in the backdrop of the strain in the Sena's ties with the BJP following its decision to back Pratibha.
However, the tribunal rejected the plea by the Netherlands based vendors for filing an intervention application, saying the Dutch district court had no jurisdiction to order bankruptcy of Jet Airways.
At the BSE, 1,879 companies declined, while 685 advanced and 131 remained unchanged.
The other dominant fear among the people is the irrational behaviour of people, once the lockdown is lifted.
