JSW Steel has joined the elite club of companies with Rs 1.5-trillion market capitalization (market-cap) on the BSE, after its share price rallied 14 per cent to hit an all-time high of Rs 638.90 in intra-day trade on Thursday.
With the market-cap of Rs 1.54 trillion at 2 pm, JSW Steel stood at 24th position in overall market-cap ranking, the BSE data shows. Today, JSW Steel surpassed Bajaj Finserv, Sun Pharmaceutical Industries and HDFC Life Insurance Company in market-cap ranking during intra-day trade.
In the past one month, JSW Steel outperformed the market by surging 57 per cent as compared to 0.81 per cent decline in the S&P BSE Sensex. The company today informed the stock exchanges that it achieved crude steel production of 4.19 million tons in January-March quarter of the financial year 2020-21 (4QFY21), registering a growth of 2 per cent sequentially and 6 per cent on year on year (YoY). The company’s average capacity utilisation improved from 91 per cent of Q3FY21 to 93
Indian shares tumbled and the rupee weakened on Monday as daily coronavirus infections reached a record high and fresh curbs were imposed in the financial capital of Mumbai, sparking worries about the pace of the country's economic recovery.
At 11.22 am, S&P BSE Sensex was trading at 48,699.16 after falling 1,322.07 points due to a sharp rise in market volatility. Here are some reasons why both Sensex and Nifty fell sharply on Monday:
Sensex, Nifty Plunge As Rising Covid-19 Cases Stoke Growth Fears Selling pressure was broad-based as nine of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index s 4% decline.
Updated: April 05, 2021 4:19 pm IST
The Indian equity benchmarks plunged on Monday as rising Covid-19 cases and fresh curbs in Maharashtra sparked worries about the pace of the country s economic recovery, analysts said. The Sensex fell as much as 1,449 points and Nifty 50 index tumbled below its important psychological level of 14,500, the index dropped as much as 408 points at the day s lowest level. The country s coronavirus caseload jumped by more than 1 lakh to surpass 12.5 million on Monday. Maharashtra imposed stringent curbs including a complete lockdown on weekends.