Last week, five of the top-10 most valued firms collectively gained ₹85,582.21 crore in market valuation, driven by a positive trend in equities, with Life Insurance Corporation of India leading the gains. Among the gainers were Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and LIC, while Tata Consultancy Services, ICICI Bank, Infosys, Hindustan Unilever, and ITC saw …
Except mostly for HDFC Bank and Reliance Industries, for most stock market participants, it was a week not to remember. TCS, Infosys, SBI, ITC, HUL, and ICICI Bank dropped as much as ₹ 1.4 lakh crore in market capitalisation last week. Among the banks in the top 10 list, ICICI Bank market capitalisation fell by ₹26,423.74 crore to ₹7,49,023.89 crore. …
Seven of the 10 most valued domestic companies witnessed a combined erosion of ₹1,07,566.64 crore from their market valuation last week, with Reliance Industries accounting for around half of the losses. The market capitalisation of Bajaj Finance plunged ₹16,197.55 crore to ₹3,12,327.04 crore and that of State Bank of India went lower by ₹12,494.45 crore to ₹3,18,697.88 crore. Kotak Mahindra …
India is set to end the year with five companies valued at more than ₹5 trillion each as foreign investors pumped a record $18.5 billion into Indian stocks in the December quarter, boosting valuations. Hindustan Unilever Ltd and Infosys Ltd entered the ₹5 trillion market capitalization club this year, joining Reliance Industries Ltd, Tata Consultancy Services Ltd and HDFC Bank …
Eight of the top-10 most valued domestic companies together added Rs 1,25,229.25 crore in market valuation past week in-line with a bullish broader market trend, with HDFC, TCS and Bajaj Finance emerging as the biggest gainers. Only Reliance Industries Limited and Hindustan Unilever Limited witnessed erosion from their market valuation, rest eight companies including HDFC Bank and Infosys made gains. …