Nine of the top-10 most valued firms together added Rs 2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. Last week, the BSE benchmark jumped 1,822.83 points or 2.36 per cent. The BSE Sensex recorded the best monthly gain in June by climbing 7.14 per cent. The Sensex breached the historic 79,000 mark on Thursday. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India (LIC) emerged as the laggard. The market capitalisation (mcap) of Reliance Industries jumped Rs 1,52,264.63 crore to Rs 21,18,951.20 crore. TCS added Rs 34,733.64 crore taking its valuation to Rs 14,12,845.09 crore. The mcap of ICICI Bank soared Rs 30,286.99 crore to Rs 8,44,201.88 crore and that of Bharti Airtel surged Rs 18,267.7 crore to Rs 8,22,530.35 crore. The market valu
Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for further cues. "Potential volatility in the stock market is anticipated this week. Elevated valuations remain a concern, with investors now focusing on monsoon progress and its impact on the rural economy. The upcoming Union Budget in July has become the next focal point, with high expectations for growth-oriented policies," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Market sentiment will be gauged by closely monitoring foreign and domestic institutional investors' activity (FII and DII) and crude oil prices, he said. On the global front, the US market has experienced some profit-booking from higher levels. Key ..
Christopher Wood, global head of equity strategy at Jefferies added GMR Airports in his kitty earlier this month by trimming stakes in two private sector lenders
Stocks to watch on June 27: SEBI has initiated an investigation into Sanjiv Bhasin, associated with IIFL Securities. Officials have reportedly seized Bhasin's digital devices
ICICI Bank share price news: On Wednesday, June 26, ICICI Bank shares hit a fresh record high for the third consecutive day, rising 2 per cent on the BSE in the intraday trade
Stocks to watch on June 24: USFDA has issued six observations for Cipla's Goa facility following an inspection from June 10 to June 21, 2024
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent. While HDFC Bank, ICICI Bank and Infosys were the gainers from the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India, Life Insurance Corporation of India (LIC), Hindustan Unilever and ITC faced a combined erosion to the tune of Rs 1,01,769.1 crore. The market capitalisation (mcap) of HDFC Bank zoomed Rs 52,091.56 crore to Rs 12,67,056.69 crore. ICICI Bank added Rs 36,118.99 crore taking its valuation to Rs 8,13,914.89 crore. The mcap of Infosys climbed Rs 17,915.43 crore to Rs 6,35,945.80 crore. However, the market valuation of Reliance Industries tumbled Rs 32,271.31 crore to Rs 19,66,686.57 crore. LIC lost Rs 27,260.74 crore from its mcap which stood at Rs 6,47,
Stock market Highlights on Friday, June 21: On BSE, Bharti Airtel, Infosys were among the top gainers while UltraTech Cement and L&T were among the top laggards
Some market participants said that the RBI intervened in the foreign exchange market by dollar sales during the last hour of trade, which reversed some losses
Stock market Highlights on Thursday, June 20, 2024: Among sectors, the Nifty Metal index edged 1,8 per cent higher, the Nifty Realty 2 per cent, and the Nifty Private Bank 1.16 per cent
India's benchmark 10-year yield is likely to move in a 6.95 per cent-6.99 per cent range
The Burman group acquired an additional 5.7% stake in REL in September last year triggering the open offer requirement as their stake surpassed the 26% threshold
Stock market Highlights today, June 19, 2024: The BSE Sensex hit an all-time high of 77,852 in the intraday trade, while the Nifty50 touched 23,664
Stock market Highlights today, June 18: The m-cap of all BSE listed companies settled at Rs 423 trillion or $5.24 trillion
Consumers are expected to remain watchful of price movements, says ICRA
We believe that further acquisitions are indeed possible considering Ambuja Cement's strong balance sheet, said analysts
Stocks to Watch on Friday, June 14: Vodafone Idea (Vi) has decided to offer a Rs 2,458 crore stake to long-term vendors Nokia and Ericsson in a bid to partially clear outstanding dues
Stocks to Watch today, Friday, June 14: Ambuja Cements will acquire Hyderabad-based Penna Cement Industries Ltd (PCIL) at an enterprise value of Rs 10,422 crore
Stock Market Highlights on June 13: The BSE Sensex ended 204 points higher (at 76,811), while the Nifty closed 76 points up (near 23,400)
Stocks to Watch, Thursday, June 13, 2024: USFDA has issued Form 483 to Torrent Pharma with five observations