Finance Minister Nirmala Sitharaman on Saturday said LIC will be listed as part of the government disinvestment initiative
The market cap of ITC rose by Rs 2,273.86 crore to Rs 2,94,802.65 crore
Shares of the Internet search giant are up nearly 17% over the last three months, outpacing a broader rally in the S&P 500 index over the same period by 6 percentage points.
TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation
As the Indian equities signed off 2019 on a remarkable note, the market capitalisation (m-cap) of BSE-listed companies rose by Rs 11,05,363.35 crore to Rs 1,55,53,829.04 crore
At the other end of the spectrum, Essel Group topped the list of losers, followed by Vedanta and Munjal (Hero) group
Institutional investors hold 41 per cent of the global market cap, with close to half of it as part of a passive strategy
The Sensex advanced 434.40 points or 1.07 per cent last week
The company could soon break into the top 5 most-valued oil & gas stocks
The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago
So far this year, RIL's share price has jumped 38.46 per cent
Earnings multiple of consumer durable firms at 3.5-year high
Reliance Industries Limited (RIL), HUL, HDFC, ITC, ICICI Bank and SBI were the other firms which witnessed a jump in their market valuation for the week ended Friday
Reliance Industries on Friday added another feather to its cap by becoming the first Indian firm to hit the Rs 9 trillion market valuation mark in intra-day trade
In a report, Bank of America Merrill Lynch said the key drivers to achieve this feat are new commerce ventures in unorganised retail market, entry into SME enterprise space with Microsoft
Apple shares are about five times higher than they were when Tim Cook became CEO of the company in August 2011
The m-cap of Reliance Industries Ltd (RIL) zoomed Rs 28,494.36 crore to Rs 8,57,303.03 crore
In contrast, the valuation of TCS zoomed Rs 31,538.79 crore to Rs 8,43,367 crore and that of Infosys jumped Rs 11,746.94 crore to Rs 3,44,419 crore
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt
The m-cap of Hindustan Unilever Limited (HUL) zoomed Rs 22,145.92 crore to Rs 3,98,290.92 crore and that of HDFC Bank jumped Rs 18,264.93 crore to Rs 6,23,892.08 crore