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 →
In the holiday shortened week, the BSE benchmark saw a decline of 982.56 points, equivalent to 1.37 percent. Also read: IPOs next week: Six new issues, 10 listings to keep primary market busy Among the top-10 companies by market value, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life InsuranceRead More →
The Q3 results for most private banks were in-line with estimates, but showed challenges with respect to their profitability as they found difficulties in mobilizing low-cost deposits to meet the strong credit growth. Declining margins were a key concern among these lenders during the October-December quarter and analysts believe theRead More →
Last week witnessed a positive trend in the market, with the BSE benchmark surging 542.3 points or 0.75 percent. Five out of the top 10 most-valued firms collectively gained ₹1,99,111.06 crore in market valuation, buoyed by bullish sentiments. Reliance Industries (RIL) retained its position as the most-valued firm, followed byRead More →
National Payments Corporation of India (NPCI) has announced the launch of an ASBA-like facility in the secondary market. Set to begin next week in its beta phase for the equity cash segment, the ‘UPI for Secondary Market’ initiative is supported by key stakeholders, including clearing corporations, stock exchanges, depositories, stockbrokers,Read More →
AstraZeneca Pharma India: The company plans to launch Enhertu in India in January 2024. The drug is used in the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer who have received a prior anti-HER2-based regimen. Mazagon Dock Shipbuilders: The Ministry of Defence has signed a ₹1,614.89-crore dealRead More →
However, in the first sign of caution in a blistering rally, retail and wealthy investors initiated cumulative short positions of 11,738 contracts on Nifty and Bank Nifty futures on Monday, after being net buyers for over two months. To be sure, foreign portfolio investors (FPIs) cut their cumulative net shortsRead More →
Shares of banks and non-banking finance companies (NBFC) including Bajaj Finance, SBI Card, ICICI Bank, HDFC Bank, among others witnessed selling pressure on Friday after the Reserve Bank of India (RBI) tightened norms for personal loans and credit cards. The Bank Nifty index dropped over 0.7%, while Nifty Financial ServicesRead More →
Global funds are now beginning to pay more attention to Indian market, said Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed & Fear report. This is because the market now has 30 companies with a market capitalisation of over $25 billion, it informed. As aRead More →
The combined market valuation of five of the top-10 most valued firms jumped ₹86,234.73 crore in a holiday-shortened last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer. The holiday-shortened week witnessed a jump in the market valuation of five of top-ten most valued firms ₹86,234.73 crore. OutRead More →
