Eight of the 10 most valued firms together added Rs 42,173.42 crore in market valuation last week, with ICICI Bank, Infosys and TCS emerging as the biggest gainers. Barring Reliance Industries and Hindustan Unilever Limited, rest eight firms, including HDFC Bank, ICICI Bank, State Bank of India and HDFC, made gains in their valuation. Last week, the BSE benchmark Sensex dipped 131.56 points or 0.21 per cent. The market valuation of ICICI Bank jumped Rs 9,706.86 crore to stand at Rs 6,41,898.91 crore. Infosys added Rs 9,614.89 crore to reach Rs 6,70,264.99 crore. The valuation of Tata Consultancy Services (TCS) climbed Rs 9,403.76 crore to Rs 12,22,781.79 crore. The market capitalisation (mcap) of Bharti Airtel advanced Rs 5,869.21 crore to Rs 4,65,642.49 crore and that of HDFC increased Rs 3,415.33 crore to Rs 4,85,234.16 crore. HDFC Bank's mcap climbed Rs 1,508.95 crore to Rs 8,99,489.20 crore and that of State Bank of India (SBI) grew by Rs 1,383.32 crore to Rs 5,37,841.73 ...
VST Industries Limited, Suzlon Energy Limited, Sudarshan Chemical Industries Limited, Caplin Point Laboratories Limited, are reflecting upside on moving averages
If the indices fail to reverse the downward trend, these stocks may further plunge up to 10 per cent
Global events will be crucial in deciding the trend for the equity market this week amid rising concerns of trade headwinds, say experts. Markets are currently reeling under global trade worries and domestic political concerns. "Q3 results have given some signs of improvement in corporate earnings. The long term outlook for the domestic market continues to be strong. However, rising concerns of global trade headwinds, domestic NPA issues and upcoming state elections will keep market on tenterhooks. US FED policy meet this week is the key event," said Vinod Nair, Head of Research, Geojit Financial Services. "The FOMC meet, lined up this week, will be important to watch out from the global markets view point," said Vikas Jain - Senior Analyst, Reliance Securities. SAMCO Securities, Founder & CEO, Jimeet Modi said, "Global headwinds are negative and will decide the direction in the short-term". Over the last week, the Sensex recorded a fall of 131.14 points, or 0.39 per cent, and ..