Market check Index Current Pt. Change % Change S&P BSE SENSEX 36,096.53 +298.52 +0.83 S&P BSE SENSEX 50 11,560.30 +108.88 +0.95 S&P BSE SENSEX Next 50 37,306.32 +252.68 +0.68 S&P BSE 100 11,538.42 +103.76 +0.91 S&P BSE Bharat 22 Index 3,874.63 +53.72 +1.41 (Source: BSE) World Bank needs to restore the credibility of 'ease of doing biz' rankings The World Bank’s chief economist, Paul Romer, kicked up a storm a couple of weeks ago when, in an interview to The Wall Street Journal, he claimed that the bank’s flagship ranking, mapping the ease of doing business across the world, was unfairly manipulated. Since the time they were launched in 2003, the Doing Business rankings were typically treated with great respect, with several national governments making it one of their top priorities to move up the ladder. CLICK HERE FOR FULL STORY Reliance Industries zooms 95%; 10 Sensex stocks rally over 50% in one year Reliance Industries (RIL) hit a new high of Rs 990 on Tuesday, rallying 95% in past one year from Rs 507 level on December 23, 2017. The market capitalisation of RIL touches Rs 6.25 trillion after 8% surge in market price in past three trading session post December quarter (Q3FY18) results. RIL is likely to be the first Indian company to touch the $100 billion market capitalisation mark. READ MORE Indian Oil gains 4% on bonus issue proposal Indian Oil Corporation (IOC) was up 4% to Rs 399 on BSE in intra-day trade on Tuesday after the company announced the board may consider issue of bonus shares in its forthcoming meeting on January 30, 2018. This is further to our letter dated 17th January, 2018 notifying that a board meeting of the Company is scheduled on Tuesday, the 30th January, 2018, to consider and approve the unaudited financial results of the company for the third quarter ended 31st December, 2017. It is further notified that the board of directors of the Company may consider issue of bonus shares in the aforesaid board meeting, IOC said in a regulatory filing. READ MORE Netflix crosses $100-bn m-cap as subscribers surge due to content strategy Netflix Inc snagged 2 million more subscribers than Wall Street expected in the final three months of 2017, tripling profits at the online video service that is burning money on new programming to dominate internet television around the world. The results drove Netflix to a market capitalisation of more than $100 billion for the first time. Shares jumped 9 per cent to over $248 in after-hours trading on Monday after rallying throughout the month and rising 53 per cent last year. The company has signed up more than half of all US broadband households and is building its customer base in 190 countries by spending billions on programming. READ MORE Market Check S&P BSE Sensex 36,093.42 0.83% Nifty 50 11,086.80 1.10% S&P BSE 200 4,876.21 0.86% Nifty 500 9,883.30 0.98% S&P BSE Mid-Cap 18,056.69 1.01% S&P BSE Small-Cap 19,675.75 0.35%
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