The share of state companies, which generally trail their privately run peers on valuations, surged to about 13% of India s total market capitalisation in the 551 trading sessions the Sensex took to reach the latest milestone, reflecting the investor perception of a reforms-driven government agenda for state companies in industries as diverse as banking, insurance, infrastructure and manufacturing.
Its previous record was hit on September 15 at 20,222.45. In the past one-and-a-half-months, the Nifty Realty was the top gainer, which saw an upside of over 21%. Nifty India Defense gained almost 12%.
PSUs: PSU s petrol sales increased by 7.5% yoy in November. State-run companies have control over 90% of petrol pumps in India. Compared to the November of 2019, petrol and diesel sales by state companies are up 25% and 1%, respectively.
PSU s petrol sales increased by 7.5% yoy in November. State-run companies have control over 90% of petrol pumps in India. Compared to the November of 2019, petrol and diesel sales by state companies are up 25% and 1%, respectively.
BPCL, HPCL, Indian Oil, ONGC, GAIL, Indian Railway Finance Corp, Garden Reach Shipbuilders & Engineers and Ircon International, among others, received notices from BSE and NSE separately, asking them to pay up a fine of ₹5,42,800 each to both the bourses.