BSE Total Market Capitalisation Reaches Historic Milestone of ₹500 Lakh Crore

The Indian equity market has scripted a new history. The total market capitalisation of companies listed on the BSE has crossed the ₹500 lakh crore mark. According to a report by India Today, the Sensex witnessed a massive surge of 2,100 points, maintaining its bullish trend for six consecutive sessions. Simultaneously, the Nifty has risen above the 24,540 level. This market rally was primarily driven by strong gains in the real estate, automobiles, and financial services sectors.

In the corporate world, internal friction has emerged within the Sir Dorabji Tata Trust. Former trustee Molly Mistry has challenged the decision to remove him from the position, raising governance-related questions regarding Venu Srinivasan. On another front, the cyber security agency CERT-In has warned of serious vulnerabilities in Tata Motors' connected car applications. Following this warning, the company has released the necessary software patches.

In the commodity market, gold and silver prices recorded a significant decline ahead of Dhanteras, showing a major correction after the highs of January. Meanwhile, Adani Ports has announced the acquisition of European liquid storage firm EVOS BV at an enterprise value of 2.56 billion Euro.

In the political sphere, a dispute has erupted between the BJP and the Aam Aadmi Party over stubble burning incidents amidst rising pollution levels in Delhi. Between September 15 and November 4, 2,347 incidents were recorded in Punjab, accounting for approximately 49% of the total regional farm fires. However, there has been a decline of over 90% in the long term compared to 2020. The administration has registered around 650 FIRs against defaulting farmers and collected fines worth ₹40 lakh. The AAP has accused the BJP of taking political vendetta against farmers, while the BJP has alleged that the AAP failed to control pollution.

Elsewhere, the Prime Minister met with athletes of the Asian Para Games. The Indian contingent recorded the country's best-ever performance in this event, winning a total of 114 medals. These athletes achieved this success by overcoming numerous challenges and hardships.

On the security front, a network linked to Pakistani terrorist Shahzad Bhatti, who targets Indian youth through social media platforms like Instagram, has been exposed. This gang lured youth with financial assistance and fake passports to involve them in target killings and criminal activities. Investigations revealed that operatives first made contact via Instagram Reels and subsequently communicated on encrypted platforms such as WhatsApp and Signal. The Uttar Pradesh Anti-Terrorism Squad has apprehended three operatives from Lucknow and one minor, recovering foreign pistols and live ammunition. These individuals were planning the assassination of police and army personnel under the direction of Pakistani handler Rana Bhai. Security agencies have intensified action against several operatives targeting and attacking police personnel in Punjab.

In Bengaluru's Freedom Park, leaders of the India Bloc and Congress held a protest. A mock arrest of Chief Election Commissioner Gyanesh Kumar was carried out over the Special Intensive Revision controversy. Protesters paraded a person wearing a mask of Gyanesh Kumar along with an artist dressed as a police officer in handcuffs and khaki shorts through the streets. The leaders demanded the restoration of deleted voters, the cancellation of the electoral roll revision, and the resignation of the Chief Election Commissioner.