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Business Standard
3 hours ago
- Business Standard
Demat accounts grow by 2.2 million in May, total hits 196.6 million
May snaps a four-month slide with 2.2 million new accounts, pushing the total towards 200 million Listen to This Article About 2.2 million new dematerialised (demat) accounts were opened in May, raising the total to 196.6 million as stock prices continued their upward trend. This marks the first monthly increase in new account openings since December 2024, following a steady decline from January through April. Industry experts project the total to surpass the 200-million milestone by mid-July. The stock market ecosystem attracted fresh investors amid a share price rally. In May, Indian equities extended their gains, with the benchmark Nifty and Sensex each rising nearly 2 per cent. Broader markets outperformed — the Nifty Midcap 100 climbed 6.1 per cent,
The Print
4 hours ago
- The Print
Market valuation of 9 of top-10 most valued firms jumps Rs 1 lakh cr; Reliance, HDFC Bank shine
From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent. New Delhi, Jun 8 (PTI) Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities. The market valuation of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, the most among top-10 firms. HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore. The market capitalisation (mcap) of ICICI Bank rallied Rs 9,790.87 crore to Rs 10,41,053.07 crore. Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore. The market valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore. Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore. State Bank of India's valuation went up Rs 401.61 crore to Rs 7,25,437.74 crore. However, the mcap of TCS dropped Rs 28,510.53 crore to Rs 12,24,975.89 crore. In the top-10 chart, Reliance Industries remained the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever. PTI SUM TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
United News of India
8 hours ago
- United News of India
Sensex surges by 737.98 points during week
Mumbai, June 7 (UNI) Snapping two week losing Streak Sensex surged 737.98 points or 0.90 per cent to settle at 82,188.99 during the week ended June 6,2025, as the Reserve Bank of India's surprise 50 basis points rate cut and a shift in its monetary policy stance from accommodative to neutral. Easing inflation outlook and strong Q4 FY25 GDP growth of 7.4 per cent boosted investor confidence, signalling a stable and supportive economic environment. Broader markets outperformed, reflecting renewed optimism around domestic demand and lower borrowing costs. Despite global headwinds and geopolitical concerns, sentiment remained upbeat as macroeconomic indicators pointed toward a healthy growth-inflation balance. Nifty jumped 252.35 points or 1.01 per cent to settle at 25,003.05. The BSE Mid-Cap index rallied 2.12 per cent to close at 46,096.51. The BSE Small-Cap soared 1.95 per cent to end at 53,440.26. On Monday, Sensex declined 77.26 points to 81,373.75. Nifty fell 34.10 points to 24,716.60 as global trade jitters resurfaced after U.S. President Donald Trump hinted at hiking tariffs on imported steel and aluminium to 50 per cent. On Tuesday, the Sensex declined 636.24 points to 80,737.51. Nifty dropped 174.10 points to 24,542.50. On Wednesday, supported by broad-based buying across sectors. The Sensex advanced 260.74 points to 80,998.25. Nifty added 77.70 points to settle at 24,620.20. On Thursday, extending their rally for a second straight session. The Sensex advanced 443.79 points to 81,442.04. Nifty jumped 130.70 points to 24,750.90. On Friday, extending their rally for the third straight session in a row, after the RBI cut the repo rate by 50 bps to 5.50 percent Sensex surged 746.95 points to 82,188.99. Nifty jumped 252.15 points to 25,003.05. Auto stock that rose during the week were Mahindra & Mahindra by 4.25 pc, Ashok Leyland by 2.60 pc, Eicher Motors by 1.18 pc, SML Isuzu by 0.94 pc, Hyundai Motor India (HMIL) by 0.56 pc and Bajaj Auto by 0.33 pc. Auto stock that fell during the week were TVS Motor Company by 1.24 pc Tata Motors by 1.07 percent, Force Motors by 1.02 pc , Atul Auto by 1.02 pc .,Hero MotoCorp by 0.83 pc, and Escorts Kubota, which shed 0.68%. Other stocks that rose were AstraZeneca Pharma by 22.53 pc .Servotech Renewable Power System by 26.86 pc. , Railtel Corporation by 11.42 pc , Garden Reach Shipbuilders & Engineers (GRSE) jumped 8 pc and NMDC by 1.82 pc, Larsen & Toubro (L&T) fell 0.70 percent. UNI JS ARN
