Top companies that contribute market-cap gain in 2017

Reliance Industries, HDFC Bank Ltd, Maruti Suzuki (India)Ltd, Hindustan Unilever Ltd and Bharti Airtel Ltd are recognized as the top five companies that have contributed more than half of the gain in market capitalization (M-cap) recorded by S&P BSE Sensex companies so far in the calendar year 2017. The S&P BSE Sensex ended at 33,463 on Friday, and has rallied 26 percent or 6,836 points so far in 2017. By comparison, these five stocks surged between 56% and 72% during the period.  Total M-cap of Sensex companies increased by Rs 11.49 lakh crore to Rs 58.16 lakh crore. Of these gain, the aforesaid five companies accounted for 63%, or Rs 7.18 lakh crore gain during the period.

ICICI Securities Ltd files DRHP for IPO

Capital market company, ICICI Securities Limited, a subsidiary of private sector lender ICICI Bank, has filed a DRHP with the market regulator Sebi for an Initial Public Offering (IPO) to raise an estimated Rs 3,000 – 4,000 cr.

The issue constitutes a public offer of up to 6.44 cr  equity shares with a face value of Rs. 5.00 each, representing about 20% of the company’s equity capital. The offer includes reservation of upto 32.21 lakh shares for individual investors and Hindu Undivided Family (HUF) and shareholders of ICICI Bank.

The ICICI Bank Board, on Nov 7 had approved the sale of a part of its shareholding in ICICI Securities.  The bankers to manage the issues include Citigroup Global Markets, CLSA, BoAML, Edelweiss Financial Services and IIFL Holdings. 

Yes Bank included in S&P BSE Sensex from Monday

Yes Bank Limited will be included the list of 30-most tracked stocks S&P BSE Sensex with effect from 18-December 2017,  Yes Bank stated in a regulatory filing.

The S&P BSE Sensex is the most tracked bellwether index of India Stock Market. It is designed to gauge the performance of the 30-largest, most liquid and financially sound companies across key sectors of the Indian economy that are listed at BSE Limited.

Shares of Yes Bank Limited closed 3.98% up at Rs. 316.05 on BSE, while the Sensex ended 216.27 points higher at 33,462.97.