MARKET CAP OF BSELISTED COMPANIES HITS $5 TRILLION FIRST TIME EVER;CLIMB OF OVER $633 BILLION SINCE THE START OF THE YEAR.

Welcome to Personal Finance's Private Community

MARKET CAP OF BSE-LISTED COMPANIES HITS $5 TRILLION FIRST TIME EVER;CLIMB OF OVER $633 BILLION SINCE THE START OF THE YEAR.

StockMarket 📈

StockMarket 📈- Grapevine

Amazon hits $2trn market cap! For the first time ever :)

Software Developer

Welcome to Indian Startups's Private Community

Nvidia had reached 1 trillion market cap

Welcome to News Discussion's Private Community

- 360 One Asset, an investor in India's National Stock Exchange (NSE), has increased its valuation of the stock exchange to $29.9 billion.
- This new valuation is significantly higher than the $18 billion to $19 billion price tag from private transactions last year.
- The wealth manager disclosed this updated valuation in June, reflecting growing confidence in India's economic prospects and a surge in public listings.
- NSE reported a revenue of $1.94 billion for the financial year ending in March, a 28% increase from the previous year.
- The increase in valuation highlights India's growing prominence in global financial markets, with NSE being the world's largest derivative exchange. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/23/360-one-lifts-its-valuation-of-indias-national-stock-exchange-to-29-9b/)

360 One Lifts Valuation of India's National Stock Exchange to $29.9B

Journalist

- India has overtaken China in the MSCI All-Country World index, with a weighting of 2.33% compared to China's 2.06%.
- This shift makes India the sixth-largest weighting in the index, driven by strong demand in India's stock market.
- Indian companies are capitalizing on the booming market, with significant IPOs like Ola Electric and Bajaj Housing Finance.
- Over $38bn has been raised in India's equity market this year, the highest in Asia.
- Analysts caution that India's high valuations could reverse if Chinese company valuations recover. 

 Source: [Financial Times](https://www.ft.com/content/72864f6a-8b48-4638-84e1-1da5f03d3484)

India overtakes China in world’s biggest investable stock benchmark

Indian stock market hits new highs: 

->BJP-led NDA leads pre-poll surveys
->Strong global cues,ECB rate cut expectations
->FII buying activity
->Anticipated RBI rate cuts
->Broad-based rally in small/mid-cap stocks

Market ATH

If jio platforms get listed today then will be 4th largest firm in India by mcap.

Profit $4B last year
Subscribers - 500M ( more than usa population)
Revenue 1.2 lac crore++
Arpu touching 200inr

Amazing numbers that too within 10y of ops in a competitive segment of telecom.

Jio Valuation crossedb $ 100B

Senior Consultant

Nvidia crosses $3 Trillion in market cap. They crossed Apple.

Product Owner

Mcap vs GDP comparison.

Tata group is 1st conglomerate to hit 30 lac crore mark... ahead of ril, adani, godrej, and Mahindra etc.

India Business News: NEW DELHI: The combined market capitalization of Tata Group companies is now larger than the Gross Domestic Product (GDP) of Pakistan.

At over $365 billion, Tata Group now bigger in size than Pakistan's GDP - Times of India

Tata Group > Pakistan Economy

- Infra.Market, backed by Tiger Global and Accel, has chosen eight investment banks for its upcoming IPO, aiming to raise over $500 million.
- The selected banks include Kotak Mahindra Capital, IIFL Capital, Goldman Sachs, Jefferies, ICICI Securities, HSBC Securities, Motilal Oswal Financial Services, and Nuvama Wealth Management.
- The IPO is expected to be a mix of fresh issue and secondary sales, providing an exit for top VC investors.
- The issue size is projected to be between $500 million and $700 million, with potential for a higher amount based on market conditions.
- Infra.Market's subsidiary, RDC Concrete, plans its own public market debut in January 2025 after divesting a 10% stake worth $20 million in 2023. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/ipo/tiger-global-accel-backed-infra-market-picks-8-i-bankers-for-mega-500-mn-plus-ipo-12811099.html)

Infra.Market Selects 8 Investment Banks for $500M+ IPO

Curious to learn about what sectors will see more action in the run up to 2030 where we are slated to become a $5trn economy and lots of companies have done Capex investments across sectors. What specific sectors, companies (listed or startups ) will benefit. Collective logic and name taking might help us all

5 trn economy, which sectors will benefit in startups and stock markets

Growth Manager

How do MF manage such shocks? 
Damn, didn't know that so many MF had exposure. I think many of them may not buy more if other payment players start poaching merchants. 

Intresting to see SBI payments reacting to news. 


https://www.livemint.com/mutual-fund/paytm-stock-crash-mutual-funds-schemes-likely-to-face-music-with-navs-under-pressure-rbi-bse-paytm-shares-markets-11706776025430.html

[Paytm] Many MF will face the wrath next week

Product Manager

"Only when the tide goes out do you discover who's been swimming naked." - Warren Buffet

I want to appreciate Swiggy for whatever they've done in the last year. Everyone's had a tough time, and through the bear market (which we are still in), everyone lost valuation majorly. 

You need to have a super strong business to be able to maintain strength (given we're still not in a bull). When in this market, somebody almost doubles their valuation, it's a feat.

I know there's layoffs and everything that happened there too, but just happy to see all of this happen as an avid user and a small founder who's realized how tough it's been these last 1-2 years.

Swiggy's valuation crosses $10Bn again. After going as low as $5.5Bn last year. A small note:

Founder

Sharechat raises 50M USD via Convertible Debentures from existing investors. The picture isn't as rosy as what it seems. Plus, twitter bio suggests that they are now positioning as an AI powered content platform? Welcome to the peak AI era. Time to jump off the AI bandwagon when normies start chanting AI AI AI.

Sharechat valuation slashed by 60% 🚨

- India's Nifty 50 index rose to record highs on Monday, driven by strong performance in the IT sector.
- The NSE Nifty 50 climbed 0.4% to a record high of 24,598, while the S&P BSE Sensex added 0.2% to 80,654 points.
- Strong buying in IT stocks, particularly after TCS's positive results, provided a significant boost to the market.
- HCLTech saw a 3.5% rise in shares after reporting increased revenue and growth projections for the ongoing quarter.
- Indian IT companies have benefited from expectations of a U.S. rate cut, with the odds of a 25 basis point cut rising to 90%. 

 Source: Reuters

IT Stocks Lead Rise in India's Nifty 50 to Record Highs

Hello folks. While I'd like to remain anonymous very much, here's what I can share about myself.

1. Working in consumer finance.
2. Love personal finance and helping people out with it.
3. Have published 10,000+ pieces of financial content in the mainstream media.
4. Wrote a best-selling book on money management. It was No. 1 on Amazon once upon a time. 
5. Lately been appearing on TV regularly for personal finance discussions.
6. Saved like crazy through my 20s and 30s, brought two apartments; have an 8-figure net worth mostly thanks to my mutual fund investments. It's not much but it's hard-earned.
7. My unrealised aspiration is travel and I'm working on it now.

No, I'm not selling anything. No commissions, no referral links, no finfluencing. 

Just want to talk, exchange ideas, and learn from you all. Maybe I'll feature you in my next book. :)

Ask me anything.

Let's talk money habits.

Corporate Strategist

I'm sure you guys must have heard about BlackRock controlling the world from different YouTube videos or other sources. Yet it's market cap is less than 100 Billion. Google, Apple and a few other have 1 Trillion+ Market cap, which is more than 10x. 

Does BlackRock really have that much control over the world as what is perceived? If yes why is it's valuation so low? What kind of influence does the company actually have?

BlackRock Market Cap

Software Engineer

- IndiQube is in advanced talks to finalize merchant bankers and aims to file its DRHP within three months.
- The startup plans to raise INR 1,000 Cr – INR 1,500 Cr from its IPO, mainly through fresh share issuance.
- IndiQube posted a profit of INR 60 Cr in FY24 on an operating revenue of around INR 850 Cr.
- Founded in 2015, IndiQube offers managed office spaces and counts WestBridge Capital and Helion Ventures among its backers.
- The company competes with Awfis and Smartworks, with the latter also filing its DRHP recently. 

 Source: [Inc42](https://inc42.com/buzz/exclusive-coworking-space-provider-indiqube-in-talks-with-bankers-for-inr-1500-cr-ipo/)

IndiQube Eyes INR 1,500 Cr IPO Amidst Indian Bourse Boom

Maharashtra has become the 1st state in India 

To cross $500 billion economy.

For reference the size of the Indian economy in year 2002 was 500 billion.

Maharashtra is further ahead of any state

- OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
- The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
- OpenAI's move to seek exclusive relationships with investors could limit rivals' access to capital and strategic partnerships.
- The company's latest funding round was led by Thrive, a venture capital firm founded by Joshua Kushner.
- OpenAI plans to use the new funding to double down on its leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.

Source: [Financial Times](https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a)

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals

Sad state of Indian Edtech. Next would be Unacademy.

BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in BlackRock has cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022.

StockMarket 📈

Discover More

FAANG on

by Kalan Lee

Amazon

Amazon hits $2trn market cap! For the first time ever :)

Indian Startups on

by Karilyn Olive

Stealth

Nvidia had reached 1 trillion market cap

News Discussion on

by Isaiah Lee

Grapevine

360 One Lifts Valuation of India's National Stock Exchange to $29.9B

News Discussion on

by Isaiah Nadeen

Grapevine

India overtakes China in world’s biggest investable stock benchmark

Personal Finance on

by Dezi Lee

Student

Market ATH

Indian Startups on

by Kendall Carmden

TCS

Jio Valuation crossedb $ 100B

News Discussion on

by Jordon Lee

Cred

Nvidia crosses $3 Trillion in market cap. They crossed Apple.

Memes on

by Jordon Lee

TCS

Tata Group > Pakistan Economy

News Discussion on

by Isaiah Lee

Grapevine

Infra.Market Selects 8 Investment Banks for $500M+ IPO

Personal Finance on

by Coy Olive

Startup

5 trn economy, which sectors will benefit in startups and stock markets

Personal Finance on

by Jordon Lee

Stealth

[Paytm] Many MF will face the wrath next week

Indian Startups on

by Karilyn Lee

Stealth

Swiggy's valuation crosses $10Bn again. After going as low as $5.5Bn last year. A small note:

Indian Startups on

by Dezi Lee

Gojek

Sharechat valuation slashed by 60% 🚨

News Discussion on

by Karilyn Gabriel

Grapevine

IT Stocks Lead Rise in India's Nifty 50 to Record Highs

Personal Finance on

by Anise Lee

Stealth

Let's talk money habits.

Personal Finance on

by Blair Lee

Dunzo

BlackRock Market Cap

News Discussion on

by Karilyn Olive

Grapevine

IndiQube Eyes INR 1,500 Cr IPO Amidst Indian Bourse Boom

Mumbai on

by Aaron Taye

Accenture

Maharashtra is further ahead of any state

News Discussion on

by Karilyn Lee

Grapevine

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals

Indian Startups on

by Blair Taye