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 →
Interestingly, these funds bought ICICI Securities shares at a premium to the value of ICICI Bank shares they will get in exchange, if the delisting of ICICI Securities goes through. For every 100 shares of ICICI Securities, shareholders will get 67 shares of ICICI Bank, translating to a share swapRead 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 →
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 →
Shares of ICICI Bank, Mahindra & Mahindra, Tata Consumer, Adani Ports & Special Economic Zone, Cipla hit their fresh 52 wk highs today. Nifty 50 was up by 195.6(0.89%) points and Sensex was up by 621.68(0.86%) points at 01 Mar 2024 10:59:55 IST.Bank Nifty was up by 507.45(1.1%) at 01Read 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 →
Last week witnessed a significant surge in the market valuation of eight out of the top 10 most valued firms, totaling an impressive ₹1,10,106.83 crore, with Reliance Industries Ltd (RIL) leading the pack as the biggest gainer. During the same period, the 30-share BSE Sensex benchmark saw a rise ofRead More →
Mumbai: The stock market’s engines may have more steam left despite Nifty’s new peak fuelling valuation jitters, analysts said. This is because even as valuations exceed the historic average, earnings of Nifty companies have raced ahead as well. On Monday, bulls kept up the momentum amid thin volumes to driveRead 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 →
