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28 May: Nifty on the new peak, 300 point gain in Sensex, big news

On May 28, the last trading day of the week, the Indian stock market bounced. The benchmark indices BSE Sensex and NSE Nifty were up….

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28 May: Nifty on the new peak, 300 point gain in Sensex, big news

On May 28, the last trading day of the week, the Indian stock market bounced. The benchmark indices BSE Sensex and NSE Nifty were up around 0.6% at the close of the market. Most of the energy sector stocks rose amid good signals from overseas markets. Let’s see what was important in the market on Friday-

After the boom, the Sensex has now come to around 51,500. At the same time, the Nifty 50 index closed near 15,450, making a new peak.

Big things of business on May 28-

The BSE Sensex saw a gain of 307 points on the last day of the week. At the same time, the NSE Nifty 50 index gained 98 points.

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At the time of closing the market, 17 out of 30 stocks of the Sensex pack remained in the red mark. 27 shares gained in 50 of the Nifty pack.

The NSE Nifty index closed at its new peak after a boom. Earlier the highest level of Nifty was 14,431.

Shares of SBI, Grasim and Bajaj Finserv made their 52-week peak in the Nifty Pack.

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The Nifty Midcap 100 index weakened 0.04%. At the same time, the Nifty Smallcap 100 index lost nearly 0.7%.

The Volatility Index (VIX) has reached 17.40 after a decline of 12.61%.

Market Movement

Nifty

Open – 15,421.20

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Close – 15,435.65

Variation – (+ 0.64%)

High – 15,469.65

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Lo- 15,394.75

Sensex

Open – 51,381.27

Close – 51,422.88

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Variation – (+ 0.60%)

High – 51,529.32

Lo- 51,258.69

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What was the reason behind the market boom?

Good signs from overseas markets were important behind the May 28 rally in the Indian stock market. Bulls made gains in the market due to continuous improvement in the position of Kovid. Trade in the market has also been largely stock and sector based. Investors seem happy with the fourth quarter results. Foreign investors continue to perform weakly in the market.

Which sector did how well?

On Friday, Nifty Bank, Auto, Financial Services, FMCG, Metal and Realty index strengthened by 0.35%. At the same time, the energy sector gained 1.41%. Nifty Pharma 1.15% while IT index weakened 0.15%.

Nifty-50 shares seen the fastest in these stocks

Reliance (+ 5.99%)

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Adani Ports (+ 3.41%)

Grasim (+ 3.38%)

Mahindra & Mahindra (+ 2.22%)

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Coal India (+ 1.76%)

These shares of Nifty-50 are broken.

Sun Pharma (-3.84%)

Shree Cement (-1.66%)

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Bajaj Finserv (-1.38%)

Dr. Reddy Labs (-1.31%)

Bajaj Finance (-1.17%)

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Stocks that remain most active-

According to Value, Reliance, SBI and Tata Steel were the three most active stocks in the Nifty. SBI, IOC and Sun Pharma’s stock dominated the market by volume.

What is the sign next?

The constantly growing Corona cases can be worrying for the market. Investors will also be watching the fourth quarter results for the next few days. Investors should trade with caution.

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Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

Net Worth

Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

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Alan Patricof Net Worth 2024: How Much is the American Investor Worth?

Who is Alan Patricof?

Alan Patricof is a prominent figure in the American investment landscape, renowned for his contributions to venture capital. With a career spanning over four decades, Patricof has been instrumental in shaping the growth of numerous global companies, including America Online, Apple Computer, and Audible. His legacy extends beyond business, with involvement in community organizations and government initiatives.

Alan Patricof Career

Alan Patricof’s career in venture capital began in the industry’s early days. He founded Patricof & Co. Ventures Inc., a precursor to Apax Partners, one of the world’s leading private equity firms. Later, he established Greycroft Partners, focusing on early and expansion-stage investments in digital media. Throughout his career, Patricof’s vision and leadership have played a pivotal role in advancing the venture capital field.

Alan Patricof’s Net Worth

As of May 3, 2024, Alan Patricof’s estimated net worth stands at over $1 million. His wealth is derived from various investments, including holdings in Boston Properties Inc. and successful ventures in digital media. Despite humble beginnings, Patricof’s entrepreneurial spirit and strategic acumen have propelled him to financial success.

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Alan Patricof Age

Born in 1934, Alan Patricof is currently in his late eighties. Despite his advanced age, he remains active in the business world, leveraging his wealth of experience to mentor emerging entrepreneurs and drive innovation.

Alan Patricof Family: Wife and Children

Alan Patricof has been married to his wife Susan for over 48 years. Together, they have three children and seven grandchildren. Family holds great importance to Patricof, and he credits his upbringing and heritage for shaping his values and work ethic.

Alan Patricof Height and Weight

While specific details about Alan Patricof’s height and weight are not readily available, his stature in the investment community is undeniable. Patricof’s impact transcends physical measurements, as he continues to leave a lasting legacy in venture capital and philanthropy.

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Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Net Worth

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

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Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

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