Share Market: Capital of listed companies in BSE at a record level of 315 lakh crores, today these stocks will be under watch


share market: Market capitalization of companies listed on the country’s major stock exchange BSE (market cap) On Monday, due to the strong sentiment of investors, it reached the record level of Rs 315 lakh crore so far. BSE’s 30-share benchmark index Sensex closed at 65,628.14 points, up 240.98 points, or 0.37 percent. This was the second consecutive trading session of growth in the stock market. Prior to this, on Friday also the Sensex had gained 555.75 points i.e. 0.86 percent. Investors’ capital increased by Rs 5,41,951.7 crore in these two trading sessions of strength. With this, the total market capitalization of companies listed on BSE increased to Rs 3,15,01,090.40 crore. This is the highest level of market capitalization of companies listed on BSE.

Stock market rises for second consecutive day, Sensex rises 241 points

On Monday, both the benchmark indices Sensex and Nifty closed with gains for the second consecutive trading session on the back of encouraging macro-economic data at the domestic level amid a strong trend in global markets. According to traders, increased foreign capital inflows and buying in information technology (IT) and metals companies also boosted market sentiment. BSE’s 30-share Sensex climbed 240.98 points, or 0.37 percent, to close at 65,628.14 points. At one point during the trading, it jumped up to 296.75 points to reach 65,683.91 points. The National Stock Exchange (NSE) index Nifty also rose by 93.50 points, or 0.48 percent, to close at 19,528.80 points.

Mahindra & Mahindra, ITC, Axis Bank declined

Vinod Nair, Head of Research, Geojit Financial Services, said that the recent macro-economic data has presented a positive picture regarding the domestic markets. He said profit-booking took place after the Nifty Auto index hit a record high, but the market maintained its strength on the back of buying in IT stocks. Among Sensex companies, Wipro registered the highest gain of 4.34 per cent. Apart from this, HCL Tech, UltraTech Cement, Tata Steel, Tech Mahindra, NTPC, Infosys, Power Grid, Tata Consultancy Services and State Bank of India also gained momentum. On the other hand, Mahindra & Mahindra, ITC, Axis Bank, Nestle, Kotak Mahindra Bank and Asian Paints declined. In the broader market, the BSE Midcap index climbed 0.96 per cent, while the Smallcap index gained 0.84 per cent.

These stocks will be watched in the market today

Tata PowerTata Power Renewable Energy, a subsidiary of Tata Power, has signed a power distribution agreement (PDA) with NeoSim Industries for a 26 MW AC cluster captive solar plant. Neosim Industries is an Indian manufacturer of Gray and SG Iron Castings. The project at Ahmednagar (Maharashtra) will be commissioned in March 2024, with an estimated annual capacity of 59 million units.

Escorts Kubota: The agricultural machinery business segment of the company will increase the prices of its tractors from 16 September. The price increase will vary between models, variants and regions.

Ramco Cements: Out of the total capacity of 12 MW, the cement company has commissioned the remaining capacity of 3 MW waste heat recovery system at Kolimigundla plant. As a result, the total working capacity of the company’s waste heat recovery system has increased to 43 MW.

Mahindra & Mahindra Financial: The non-banking financial company increased disbursements by 15% year-on-year to Rs 4,400 crore in August. Total disbursements year-on-year (up to Aug FY24) stood at Rs 20,950 crore, a growth of 22% over the previous year.

oil india: The board of directors of the state-run oil and gas company has approved equity contribution of Rs 1,738 crore in joint venture company North East Gas Distribution Corporation (NeGDCL). Oil India will hold 49% stake in the joint venture formed to carry out City Gas Distribution (CGD) projects, while Assam Gas Company will hold the remaining 51%.

Tata Motors: The country’s largest commercial vehicle maker has received approval from the allotment committee for allotment of 4,55,218 equity shares in lieu of stock options at a price of Rs 345 per share to eligible employees.

CiplaCipla South Africa, a wholly owned subsidiary of Cipla, has signed a binding term sheet to acquire Actor Pharma (Pty) Limited from Actor Holdings (Pty).

spicejet: Low-cost carrier SpiceJet issued over 48.1 million shares to nine aircraft lessors to settle outstanding debt of Rs 231 crore.

Delta Corp: European financial services organization, Societe Generale has bought 23.42 lakh equity shares or 0.88% of the casino gaming company through an open market transaction at an average price of Rs 182 per share. On the other hand, Zerodha Broking sold 25.5 lakh shares or 0.95% of the company’s shares at an average price of Rs 182.12 per share.

Mrs. Bector’s Food Specialties: Arnav Jain has been named Chief Financial Officer of the bakery products maker effective August 11, 2023. On September 29, the company will hold its 28th Annual General Meeting.

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