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The BSE benchmark Sensex today crossed the 21,000-mark after nearly three years but frittered away the gains to close 42 points down as cautious investors booked profits ahead of next week's RBI monetary policy meet and monthly expiry of derivative contracts. The bluechip index, which had surged to 21,039.42 at the outset for the first time since November 2010, gave up gains to close down 42.45 points, or 0.20 per cent, at 20,725.43. 19 Sensex stocks declined led by Reliance Industries, Infosys, Tata Consultancy Services and Wipro. Coal India, BHEL, Bajaj Auto, Hero MotoCorp, Dr Reddy's, Jindal Steel, NTPC and Tata Steel also saw losses. "The Sensex opened on a strong note despite negative global cues. A sharp drop in crude oil prices may have aided market sentiments," said Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities. On similar lines, the 50-scrip National Stock Exchange index Nifty fell by 14 points, or 0.23 per cent, to 6,164.35, after climbing to 6,252.45. Also, SX40 index, the flagship index of MCX-SX, closed at 12,331.32, down 7.5 points. Across the market, IT, Power and Realty shares ended the session in negative zone while Capital Goods, Auto and Consumer Durables closed in the green. Brokers said the rally fizzled out as investors judged the rally as overdone. Also, a section of the market appeared worried after recent disappointments in earnings led by Jet Airways and Ambuja Cements and booked profits, they added. Sectorally, the IT sector index suffered the most by losing 1.77 per cent, followed by Teck index (1.53 per cent), Power index (1.14 per cent) and Realty index (1.12 per cent).


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Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
- Axis Bank emerged as the worst performer among Sensex components, tumbling 9.52 per cent following a spike in ba…


The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
There are 29 pu…