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The combined market valuation of eight of the top 10 most valuable firms fell by Rs 1.55 lakh crore last week, with HDFC Bank and Bajaj Finance accounting for most of the losses. In a holiday-truncated week, the 30-share BSE Sensex tumbled 1,605.44 points, or 2.15 per cent, while the 50-share NSE Nifty slumped 546.15 points, or 2.36 per cent. Tracking the weak trend in equities, the total market capitalisation of BSE-listed firms fell by Rs 20,78,774.28 crore over four sessions to Rs 4,51,83,393.14 crore from Rs 4,72,62,167.42 crore recorded on October 16. Among the top 10 listed companies, eight lost Rs 1,55,671.9 crore, while two, Tata Consultancy Services and Larsen & Toubro, closed the week with valuation gains. Among major losers, the market valuation of HDFC Bank tumbled Rs 55,506.95 crore to Rs 10,67,121.12 crore. The company's stock fell 5 per cent during the last week. Bajaj Finance's valuation eroded by Rs 34,180.51 crore to Rs 5,77,146.21 crore. The market valuation of
The combined market valuation of nine of the top-10 most valued firms surged by Rs 3.65 lakh crore last week, with TCS, Bharti Airtel and Infosys emerging as the biggest winners, amid a bullish trend in equities. Last week, the BSE benchmark Sensex surged 2,256.94 points, or 3.11 per cent, and the NSE Nifty jumped 625.7 points, or 2.77 per cent. "Indian equity markets extended their recovery during the week, with the Nifty-50 and Sensex recording their strongest weekly performance in approximately six months. The Nifty-50 advanced around 2.8 per cent, while the Sensex gained approximately 3.1 per cent. "The rally was primarily driven by a sharp rebound in information technology stocks following encouraging September quarter earnings, supported by renewed buying interest in several heavyweight stocks," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, Tata Consultancy Services (TCS), State Ba
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.13 lakh crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as concerns over global interest rates, geopolitical uncertainty and volatility surrounding the new closing auction session weighed on investor sentiment," Ajit Mishra -- SVP, Research, Religare Broking Ltd, said. Although markets recovered sharply on Friday, supported by strong buying in IT stocks following upbeat global technology cues, the benchmark indices remained under pressure for the third consecutive week, he added. While Reliance Industries, Bharti Airtel, HDFC Bank, Bajaj Finance, Larsen & Toubro, Life Insurance ..
The combined market valuation of four of the top-10 most valued firms eroded by Rs 87,960.29 crore last week, with Bharti Airtel taking the biggest hit, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 468.42 points, or 0.60 per cent, and the NSE Nifty dipped 114 points, or 0.46 per cent. "Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of Bharti Airtel dropped Rs 28,052.96 crore to Rs 12,14,963.15 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) faced an erosion of Rs 22,070.34 crore from its valuation, which stood at Rs 8,31,436.51 crore. The market capitalisation (mcap) of the State Bank of India declined Rs 20,861.2 crore to Rs 9,64,968.76 crore and that of Hindustan Unile
The combined market valuation of five of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with IT bellwether TCS taking the biggest hit, amid a bearish trend in domestic equities. Last week, the BSE benchmark Sensex declined 489.92 points, or 0.62 per cent, and the NSE Nifty dipped 204.65 points, or 0.83 per cent. "Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. While Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India and Tata Consultancy Services (TCS) faced erosion from their valuation, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners from the top-10 pack. These five firms together added Rs 55,149.45 crore in market valuation. The market valuation of TCS eroded by Rs 34,263.28 crore to Rs 8,53,506.85 crore. Reliance ...
The combined market valuation of four of the top-10 most valued firms jumped Rs 1.43 lakh crore last week, with State Bank of India emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of Rs 1.23 lakh crore from their valuation. State Bank of India added Rs ...