After climbing to 50,000, stock markets have scaled a new peak -- the market capitalisation of all BSE-listed equities touched Rs 200 lakh crore for the first time in opening trade. The revenue of Indian Railways dipped by Rs 36,993 crore in 2020, in the wake of coronavirus pandemic. Read for more top stories from the world of business and economy:
DIPAM Secretary Tuhin Kanta Pandey said that a lot of opportunistic behaviour has been witnessed around the ETFs which impact the long-term valuation of the CPSE stocks.
The jaunt to 50,000 from pandemic lows of March'20 has been aided by a sharp recovery in corporate earnings, benign global liquidity and a much-needed investment-led budget.
Future Retail Ltd (FRL), in a late-night regulatory filing on Wednesday, February 3, said the order "will have no impact on the ongoing Scheme of Arrangement of the company".
In November 2020, the brokerage had given a Sensex target of 50,000 for 2021-end.
'Total traffic revenue of railways in the current year to end of December 2020 has declined by Rs 36,993.82 crore compared to corresponding period of last year,' Union railway Minister Piyush Goyal informed the Parliament.