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Wiping out yesterday's sharp gains, the NSE Nifty plunged to eight-month low on across-the-board selling by losing 159.10 points and settled below 8,000-level. Earlier, the bourses opened positive on a sharp fall in Current Account Deficit (CAD), but soon drained the momentary firmness following volatility witnessing huge selling pressure amid late monsoon worries as well as caution over key macro data -- IIP and CPI -- to be be released tomorrow. Sectorally, PSU banks fell 2.69 per cent, followed by realty (2.45 pc), auto (2.41 pc), bank (2.28 pc), energy (2.27 pc), financials (2.21 pc), infra (2.22 pc), IT (1.53 pc), pharma (1.47 pc) and metal (1.28 pc). The broader market also saw unwinding as mid-cap fell 2.28 per cent and small-cap dropped 1.74 per cent. Elsewhere, Asian markets closed higher tracking overnight gains in the US markets. The broader 50-share barometer opened higher at 8,157.30 and traded between 8,163.05 and 7,958.25 before finishing at 7,965.35, a fall of 159.10 points or 1.96 per cent. Stock-wise the major losers were Tata Power (5.21 pc), Idea (4.56 pc), Asian Paints (4.16 pc), Kotak Bank (4.02 pc), Bosch (3.84 pc), Tata Motors (3.67 pc), Yes Bank (3.46 pc), RIL (3.16 pc), Axis Bank (3.14 pc) and SBI (2.53 pc). Meanwhile, foreign investors sold shares worth Rs 482.11 crore yesterday. Turnover in the cash segment rose to Rs 15,405.69 crore compared with Rs 13,509.87 yesterday. A total of 8,198 lakh shares changed hands in 68,96,028 trades and the total market capitalisation of the NSE stood at Rs 94,13,420.40 crore.


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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.
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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…