Top Share of the Day: BSE’s market capitalization reached a new peak of 317.33 lakh crore, today these stocks will be watched
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Top Share of the Day: On Thursday, the Indian stock market has started flat amidst weak global signals. The BSE Sensex was trading at 65,803.74, down 76.78 points, and the Nifty was down 22.70 points at 19,588.30. Today Dr Reddy’s Laboratories, L&T, ONGC, Maruti Suzuki And Adani Ports Nifty’s top gainer. There itself Tata Consumer Products, Power Grid Corporation, JSW Steel, Tata Steel And IndusInd Bank Nifty was the top loser. Meanwhile, the market capitalization (market cap) of BSE’s listed companies has reached its all-time high of Rs 317.33 lakh crore on Wednesday amid strong investor sentiment. The 30-share BSE Sensex rose 100.26 points, or 0.15 percent, to close at 65,880.52 at the end of trading. This was the fourth consecutive trading session of growth in the stock market. In four days, there has been a jump of 1,049.11 points i.e. 1.61 percent.
Investor capital increased by Rs 7,74,665.67 in four sessions
Investors’ capital has increased by Rs 7,74,665.67 in these four sessions of market boom. With this, the total market capitalization of companies listed on BSE has increased to Rs 3,17,33,804.37 crore. This is the new highest level of market capitalization of BSE listed companies. The previous high level of capitalization was made a day earlier on Tuesday itself when the total capitalization of companies listed on BSE stood at Rs 3,16,64,085.18 crore.
These stocks will be monitored in the market
Tata Consultancy Services: The country’s largest IT service provider has formed a strategic alliance with the digital division of JLR. TCS will assist JLR in developing a new future-ready, strategic IT architecture to support the Reimagine vision. The new collaboration is worth £800 million over the next five years.
Hero MotoCorp: Through rights sale, the electric carmaker raised Rs 900 crore from existing investors Hero MotoCorp and GIC. The funds will be used to develop new products and expand the company’s charging infrastructure and retail network.
lupine: The pharmaceutical company has established a partnership with the Mark Cuban Cost Plus Drug Company and the COPD Foundation, both of which are dedicated to improving the lives of COPD sufferers. This collaboration aims to improve access to health care by making Tiotropium Bromide Inhalation Powder, 18 mcg/Capsule available for patients with COPD (Chronic Obstructive Pulmonary Disease) in the United States.
Reliance Industries: A subsidiary of Reliance Retail Ventures has signed a joint venture agreement for 51% stake with Alia Bhatt’s children’s and maternity wear business, Add-a-Mamma. In addition, the subsidiary received Rs 8,278 crore as subscription fee from Qatar Holding LLC (QIA) and issued 6,86,35,010 equity shares to QIA.
biocon: subsidiary Biocon Biologics completed the integration of the acquired biosimilar business of Viatris in North America on 1 September. Biocon Biologics recently acquired the global biosimilar business of its long-term partner Viatris to strengthen its leadership in the global biosimilar industry and provide a complete end-to-end solution. Ultimate efficiencies for patients and consumers.
AU Small Finance Bank: Bank has signed bancassurance agreement with Star Health & Allied Insurance Company to provide health insurance solutions to its customers and with Bajaj Allianz Life Insurance Company to provide life insurance solutions to its customers.
Tata Consumer ProductsTata Consumer is in talks to buy at least 51% stake in Haldiram, according to a note to the markets on Reuters news. The company said that they are not in talks for stake in Haldiram, and Haldiram also denied the stake sale allegations saying that they are not in touch with Tata Consumer.
Shriram Finance: Small cap World Fund Inc sold 20.26 lakh shares in the non-banking finance firm for Rs 380.96 crore at an average price of Rs 1,880.28 per share, while New World Fund Inc sold 26.77 lakh shares for Rs 503.47 crore at the same average price. price.
Solara Active Pharma: Spiraka Ventures LLP increased its position in the pharma company to 7.36 lakh shares or 2.04% at an average price of Rs 367.46 per share. However, promoter Karuna Business Solutions LLP was the seller in the block deal, despite controlling 2.34% of the firm till June 2023.
Paytm: According to reports, Paytm is dropping the plan to start insurance business. The company will focus solely on payments and loan disbursements.
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