Such was the situation of veteran shares
Talking about the big stocks, today the shares of Tata Ste, Bajaj Finserv, Reliance, Bajaj Finance and UPL closed on the green mark. On the other hand, shares of Hero MotoCorp, Maruti, Bajaj Auto, M&M and BPCL closed at the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors, except auto, closed on the green mark. These include PSU Bank, Finance Services, FMCG, IT, Bank, Pharma, Private Bank, Metal, Media and Realty.
Zardar gains in Reliance’s stock
The first spectrum auction in five years in India was concluded on Tuesday. During this period, various telecom companies bought spectrum worth Rs 77,814.80 crore. Mukesh Ambani’s company Reliance Jio bought over 50 per cent of the spectrum for Rs 57,123 crore in a two-day auction. After this, Reliance’s stock saw a boom today. After opening at the level of 2,121.05, it closed up 101.10 points (4.80 per cent) at the level of 2,207.10.
Yes Bank shareholders approve to raise Rs 10,000 crore
The shareholders of Yes Bank have approved the bank to raise Rs 10,000 crore. In the information given to the regulator, the bank said that about 98.78 per cent of the vote was given in favor of fund raising by issuing equity shares or other securities. Earlier on January 22, while releasing the December quarter results, the bank said that it was preparing to raise Rs 10,000 crore.
The service sector grew at the fastest pace in a year in February
The month of February witnessed the fastest growth in service related activities in India. However, employment continued to decline during this period and the total expenditure of companies decreased at the fastest pace. A monthly survey said this on Wednesday. The India Services Business Activity Index rose from 52.8 in January to 55.3 in February. This indicates the fastest growth in production in the last one year amid better demand and favorable market conditions.
Nine out of top 10 companies increased market capitalization
Last week, the market capitalization of nine of the top 10 companies of the Sensex fell by Rs 2,19,920.71 crore. Last week, the 30-share BSE Sensex fell by 1,786 points or 3.46 per cent. Among the top 10 Sensex companies, only Reliance Industries’ market valuations rose. Reliance Industries ranked first in the list of top 10 companies of SENSEX. It was followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance respectively.
The market was open with an increase
The stock market opened on the green mark in early trade. The Sensex opened with a gain of 453.06 points (0.90 per cent) at 50,749.95. At the same time, the Nifty opened at 15,060.10, up 141.00 points, or 0.95 per cent.
Market closed on edge on Tuesday
The stock market closed at the edge on Tuesday. The Sensex was up 447.05 points, or 0.90 per cent, to close at the level of 50296.89. At the same time, the Nifty closed at 14919.10, up 157.55 points, or 1.07 percent.