The combined market valuation of eight of the top-10 most valued firms surged by Rs 1,87,497.45 crore in a holiday-shortened last week, with Bharti Airtel emerging as the biggest gainer, in line with a positive trend in equities. Last week, the BSE benchmark Sensex jumped 943.29 points or 1.21 per cent, and the NSE Nifty…
The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty…
Markets surged sharply on Wednesday, extending gains for the fourth consecutive session, supported by favourable geopolitical cues. While the sharp rally is encouraging, analysts say its sustainability will depend on continued follow-through buying and stability in crude oil prices and global cues. In today’s trade, shares of TCS, HDFC Bank, ITC Hotels, Hyundai India, Adani…
The combined market valuation of seven of the top-10 most valued firms tumbled by Rs 1.75 lakh crore in a holiday-shortened last week, with Reliance Industries taking the biggest hit, in tandem with a weak trend in equities. Last week, the BSE benchmark Sensex lost 949.74 points or 1.27 per cent, and the NSE Nifty…
Dalal Street witnessed a sharp selloff on Thursday, led by a steep fall in HDFC Bank, India’s largest private lender. The share price plunged by up to 9%, erasing over Rs 1 lakh crore in market value in a single session and marking its worst single-day decline since March 2020. The trigger was the resignation…
Indian equity markets extended their decline following the prior session’s relief rally, as escalating US-Iran tensions disrupted key Middle Eastern oil and gas supplies, driving crude prices higher. Analysts say a sustained rise in oil prices could weigh on investor sentiment and adversely affect India’s twin deficits, inflation trajectory, and the RBI’s monetary stance. An…
The combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem with a weak trend in equities. Last week, the BSE benchmark tanked 2,368.29 points, or 2.91 per cent. “Markets ended the holiday-shortened week with steep…
Benchmark stock indices Sensex and Nifty bounced back on Thursday, closing higher by more than 1% in line with a rebound in global equities after recent sharp losses due to the conflict in West Asia. Snapping its four-day decline, the 30-share BSE Sensex rebounded 900 points to settle at 80,015, while the 50-share NSE Nifty…
French multinational bank BNP Paribas on Friday bought 5.28 lakh shares worth Rs 64 crore in State Bank of India (SBI) via a block deal. The seller in the deal was Societe Generale. The shares were bought via its investment arm BNP Paribas Financial Markets at a price of Rs 1,204 apiece versus the Thursday…
Amid the ongoing volatility and market-wide corrections, investors are grappling with the dilemma of where to allocate capital: largecaps, or the more volatile mid and smallcaps. Weighing in on this debate, Gurmeet Chadha, Managing Partner and Chief Investment Officer at Complete Circle Consultants, shared his perspective on X, urging investors to adopt a medium- to…