During the truncated holiday week, the collective market worth of seven out of the top 10 esteemed companies surged by ₹67,259.99 crore, with Reliance Industries emerging as the primary beneficiary amid a general bullish sentiment in the stock market. The BSE index experienced an ascent of 819.41 points or 1.12Read More →
The delisting of ICICI Securities (I-Sec) has been approved by over two-thirds of its public shareholders facilitating its transition into a wholly owned subsidiary of ICICI Bank. Notably, the listing in April 2018 did not yield any material benefit to the parent bank. Thus, the move seems like a courseRead More →
In an unprecedented rally, the BSE benchmark climbed by 374.04 points or 0.50% last week, setting new records. Markets remained closed on Friday for Mahashivratri festivities. Also read: Week Ahead: Inflation data, FII activity, global cues among key market triggers as Nifty 50 eyes 22,800 this week The 30-share BSERead More →
HDFC Bank is expected to overcome its merger overhangs gradually, said domestic brokerage LKP Securities as its recommended a ‘strong buy’ on the private lender’s stock and sees a potential upside of 22 per cent. At a current market price (CMP) of ₹1,443, LKP sees an upside of 22 perRead More →
The combined market valuation of India’s top 10 companies rose by a significant ₹65,302.5 crore last week, mirroring the upward trend in the broader market. This positive sentiment was driven by gains in seven of the top 10 most valuable firms, with Tata Consultancy Services (TCS) and ICICI Bank leadingRead More →
More than four years ago, ICICI Bank, India’s second largest private bank, had crept ahead of SBI, India’s largest bank, in terms of market value. In the past 11 months (10 March 2023 to 7 February 2024), it steadily widened the gap with SBI to a daily average of overRead More →
This strong rally has also propelled the benchmark Nifty 50 to reach another record milestone of 22,215 points. With its substantial 14% weightage in the Nifty 50, today’s surge in HDFC Bank’s stock contributed to 80% of the index’s overall gains. The rally observed in HDFC Bank stock was attributedRead More →
“The PSU story is synonymous with the India saga, a narration of several micro, albeit, powerful reforms (GST, RERA, JAM, digital infra, physical infra, PLI template, Bankruptcy Act, RBI’s inflation targeting and increasing credibility, etc) – each creating a small delta improvement, but in unison react in unpredictable, positive waysRead More →
Leading the pack in this downturn was the state-owned giant, Life Insurance Corporation of India (LIC). Among the top 10, LIC, Tata Consultancy Services (TCS), ITC, Hindustan Unilever, Bharti Airtel, and Reliance Industries collectively experienced this erosion in market value. Conversely, State Bank of India, Infosys, HDFC Bank, and ICICIRead More →
Among the top-10 entities, Reliance Industries, Tata Consultancy Services (TCS), LIC, and SBI experienced gains, collectively adding ₹2,18,598.29 crore to their market capitalization. Conversely, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, Hindustan Unilever, and ITC faced a combined erosion in their valuation amounting to ₹1,06,631.39 crore. The BSE benchmark witnessedRead More →
