Weekly Flashback: Top News That You Might Have Missed

Published : 21 July 2023

By : Sachin Gupta

1. Indian Market Hits All Times High 

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. 

1. Indian Market Hits All Times High 

However, before the Nifty 50 could reach the historic 20,000 mark, Infosys stock unexpectedly crashed 10% in Friday's session.

2. Jio Financial Services Demerger from RIL 

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. 

2. Jio Financial Services Demerger from RIL 

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.

3. JSW Q1 Results FY2024

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.

3. JSW Q1 Results FY2024

The company's revenue from operations also increased by 11% to reach Rs 41,771 cr. on account of higher volume growth.