Stock Market At All-Time High: Sensex Crosses 60,000

Stock Market at All-Time High: Sensex crosses 60,000 for the first time, Nifty also made a new record.

Sensex has crossed the 60 thousand mark for the first time in the stock market. On Friday, the last day of the week, Sensex reached a new peak making an intraday high of 60,333 points.

Shares of more than half a dozen companies including Infosys, L&T are on the green mark. The biggest fall was recorded in the stock of NTPC.

At the time of writing the news, the Sensex was trading at 60,240 above the level of 59,885.36 yesterday.

Nifty 50 was also trading higher at 17,920 above yesterday’s close of 17,822.95 points. Nifty 50 Index has also made an intraday high of 17,947.65.

Market Capitalization 261.73 Lakh Crore.

Earlier on Thursday, with a strong rally in the stock markets, the market capitalization of BSE-listed companies has reached an all-time record high of Rs 261.73 lakh crore.

The 30-share BSE Sensex closed at an all-time high of 59,885.36, up 958.03 points, or 1.63 percent, due to all-around buying.

At one point during trading, it had gained 1,029.92 points to reach the level of 59,957.25.

Highest market cap.

The market capitalization of BSE-listed companies rose by Rs 3,16,778.1 crore to an all-time high of Rs 2,61,73,374.32 crore, driven by a rally in the stock market.

Devang Mehta, head of the equity advisory at Centrum Broking, said the US Federal Reserve chief’s statement was well received by the market, with the central bank saying it may announce changes in the bond-buying schedule in November.

Sentiment improved on encouraging news coming in about the crisis of the Chinese real estate company. This improved the sentiment at the local level.

Along with this, the reduction in the cases of Kovid-19 in the country and a strong vaccination program also had a favorable effect on the investors.

Aditya Birla Sun Life AMC IPO: IPO of this MF company is coming soon, know this important information including price band.

IPO investors have a much better chance to invest in the coming days.

In the coming days, the Board of Directors of Aditya Birla Capital (ABCL) has given its approval for Initial Public Offering (IPO) through Proposal for Sale of Aditya Birla Sun Life AMC (ABSL AMC).

This IPO of Aditya Birla Sun Life AMC will be open for anchor investors on September 28.

At the same time, it will be open for general investors on September 29. The company’s public offering will close on October 1.

The price band for the IPO has been fixed at Rs 695 to 712 per share and the minimum bid lot has been fixed at 20 equity shares.

The company has informed in a filing that, the IPO consists of an offer for sale of 28,50,880 equity shares.

Aditya Birla Sun Life AMC (ABSL AMC), consists of the sale of 3,60,29,120 equity shares of the face value of Rs 5 each by Sun Life held by Sun Life in the Company.

Together these two make up a paid-up share capital of 13.50 percent.