Published : 21 July 2023
By : Sachin Gupta
Indian equity benchmarks were at an all-time high this week during Tuesday's Session. BSE Sensex rose significantly, gaining over 350 points and achieving a peak of 66,986. Similarly, NSE Nifty also climbed around 100 points to reach an impressive record high of 19,811.
However, before the Nifty 50 could reach the historic 20,000 mark, Infosys stock unexpectedly crashed 10% in Friday's session.
Post the demerger of Jio Financial Services (JFSL) from Reliance, during a special trading session on 20th July, its shares were valued at Rs 261.85 per share with the market capitalization reaching a staggering ₹1.66 lakh crore.
JFSL’s market cap has already surpassed that of well-established lenders like IndusInd Bank, Bank of Baroda, PNB, and Canara Bank. It has also become the 3rd largest NBFC in India.
Jindal South West (JSW) Steel posted a consolidated net profit of Rs 2,248 for the April-June quarter, FY24. This is 189% higher than Rs 956 cr. reported in Q1FY23.
The company's revenue from operations also increased by 11% to reach Rs 41,771 cr. on account of higher volume growth.