Stock Market: Weakness visible in Indian market in pre-opening, Sensex fell by 127.21, these stocks will be in focus today
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Stock Market Update: A decline is being seen in the Indian market amid global cues on the last trading day of the week. in pre-opening BSE Sensex was trading at the level of 66,138.35 with a fall of 127.21 points. At the same time, Nifty was trading at the level of 19,714.60 with a decline of 12.40 points. The Indian market fell on Thursday after a sluggish start. Whereas, there was tremendous trading in the last one hour. The 30-share Sensex of BSE closed at 66,265.56 points with a gain of 385.04 points or 0.58 percent. Whereas, Nifty of National Stock Exchange also closed at 19,727.05 points with a gain of 116 points or 0.59 percent.
Market capitalization record of BSE listed companies crosses Rs 319 lakh crore
Market capitalization of companies listed in BSE, the country’s main stock exchange (Market Cap) reached its highest ever level of Rs 319.10 lakh crore on Thursday in the bullish phase. BSE’s benchmark index Sensex closed at 66,265.56 points with a gain of 385.04 points or 0.58 percent. This was the fifth consecutive trading session of bullishness in the stock market. In this bullish phase, the Sensex has jumped by a total of 1,434.15 points or 2.21 percent. During this period, the market capitalization of BSE listed companies also increased by Rs 9.50 lakh crore. With this, the total market capitalization of these companies increased to Rs 3,19,10,019.04 crore. Growth has also been seen in medium and small sized companies of BSE. BSE midcap index rose 0.79 percent on Thursday. There was a gain of 0.40 percent in the smallcap index.
The market will keep an eye on these shares
Sterlite Technologies: To accelerate the development of South Carolina’s rural connectivity infrastructure, optical and digital solutions firm has collaborated with broadband services and applications provider TruVista. South Carolina-based TruVista is expanding fiber optic connectivity in rural areas.
LTIMindTree: The company introduced two industry solutions, AdSpark and Smart Service Operations, to help companies reduce time to market on the Salesforce platform. AdSpark helps merchants build their own retail media platforms, while Smart Service Operations combines the power of Salesforce Service Cloud and NXT platforms for customers in manufacturing, construction, transportation, mining, power and utilities, and other industries.
Samvardhana Mother International: Automobile component manufacturer Motherson’s wiring harness factory has been started in Ras Al Khaimah (UAE). Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, opened the facility, which is located in the Ras Al Khaimah Economic Zone (RAKEZ) is located in.
Bajaj Finserv: Gross direct premium underwritten by subsidiary Bajaj Allianz General Insurance Company for August stood at Rs 1,677.87 crore, as against Rs 9,228.81 crore in the current financial year till August. Subsidiary Bajaj Allianz Life Insurance Company’s total premium for August stood at Rs 926.41 crore, and total premium for the current financial year (FY24) till August stood at Rs 3,828.06 crore.
JB Chemicals and Pharmaceuticals: Lakshya Kataria, Chief Financial Officer of the company, has resigned due to personal reasons and will be relieved of his duties by the end of business hours on November 30, 2023.
Vedanta: Vedanta Resources is sending representatives to Singapore and Hong Kong to talk to bondholders as the junk-rated Indian miner prepares to repay about $2 billion in notes next year.
Tata Steel: AVAADA Group announced collaboration with Tata Steel Special Economic Zone Limited (TSSEZL) to set up a green hydrogen and ammonia manufacturing factory in Odisha.
Mazagon Dock Shipbuilders: The state-owned shipyard has signed a Master Ship Repair Agreement (MSRA) with the US government, represented by NAVSUP Fleet Logistics Center (FLC) Yokosuka. This is a non-monetary agreement. There are only two shipyards in the country, one of which, Mazagon Dock, has signed the MSRA. This deal is expected to allow US Navy ships to undergo visit maintenance at Mazagon Dock.
Shemaroo Entertainment: On September 5, CGST and Central Excise Agency searched the company’s premises and detained top officials. However, according to reports, he was later granted bail.
landmark cars:The premium automotive retailer has agreed to build a dealership in Howrah, West Bengal by signing a letter of intent (LOI) with Mahindra & Mahindra. This dealership will be housed in Landmark Mobility, one of the wholly owned subsidiaries of Landmark Cars. This division will sell and service Mahindra’s personal, pickup and Supro vehicles.
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