Mumbai, June 7 (IANS) The combined market valuation of seven of the country’s top-10 most valued companies declined by Rs 1.25 lakh crore last week.During the same period, the Sensex fell 532.4 points, or 0.71 per cent, while the Nifty slipped 181.05 points, or 0.76 per cent.Among the major laggards, Reliance Industries Limited saw the sharpest erosion, with its market capitalisation falling by Rs 39,718 crore to Rs 17,47,321.40 crore.The stock continued to remain the most valued listed compan…
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Mumbai, May 31 (IANS) The combined market valuation of seven of India’s 10 most-valued companies declined by Rs 1.54 trillion during the holiday-shortened trading week.During the week, the Sensex fell 639.61 points, or 0.84 per cent, while the Nifty slipped 171.55 points, or 0.72 per cent, as investors remained cautious amid market volatility.Commenting on Nifty technical outlook, experts said that on the upside, immediate resistance levels are placed at 23,900 and 24,100. On the downside, suppo…
Mumbai, May 29 (IANS) Domestic equity markets traded marginally higher in morning trade on Friday as investors and traders closely monitor developments in West Asia and await clarity on a potential extension of the US-Iran ceasefire.Sensex rose as much as 352 points or 0.46 per cent to touch an intraday high of 76,220 in early deals, while Nifty traded around 100 points or 0.40 per cent higher at 24,002.Sectorally, information technology stocks led the gains with Nifty IT rising over 2 per cent,…
New Delhi, May 28 (IANS) The British government is expected to oppose any attempt by Bharti Enterprises Chairman Sunil Bharti Mittal to increase his stake in telecom group BT, citing concerns around maintaining sovereign control over critical national infrastructure, a report has said.A report published in the Financial Times said — citing people familiar with the matter — that the UK government would resist any move by Bharti to expand its ownership in the British telecom operator beyond curr…
New Delhi, May 26 (IANS) Indian benchmark indices ended sharply lower on Tuesday as escalating geopolitical tensions in the Middle East weighed heavily on investor sentiment after fresh US strikes in southern Iran reduced hopes of a possible peace deal.The Nifty settled at 23,913.7, down 118 points or 0.49 per cent, while the Sensex closed at 76,009.7, declining 479.26 points or 0.63 per cent.Commenting on Nifty technical outlook, experts said that 24,000 now becomes the immediate resistance lev…
Mumbai, May 26 (IANS) Indian equity markets traded flat in morning trade on Tuesday after fresh US strikes in southern Iran targeting boats attempting to lay mines and missile launch sites.In early trade, Sensex was at 76,339.29, down 150 points or 0.20 per cent, while Nifty slipped 45 points or 0.19 per cent to 23,986.40. Earlier in the day, the benchmark indices opened at 76,224.14 and 24,004.10, respectively.Among sectoral indices, IT, chemicals, media, PSU banks and metal stocks traded in po…
Mumbai, May 24 (IANS) The combined market valuation of six of the country’s top-10 most valued companies increased by Rs 74,111.57 crore last week, led by gains in ICICI Bank, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC), Bajaj Finance and Larsen & Toubro amid a positive trend in equities.During the week, the BSE benchmark index rose by 177.36 points, or 0.23 per cent.Among the top-10 valued firms, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro and LIC em…
New Delhi, May 19 (IANS) India is not just catching up with the world’s leading digital economies but has the potential to emerge as a global leader in advanced 5G capabilities, the Cellular Operators Association of India (COAI) said on Tuesday after Bharti Airtel launched 5G network slicing technology for its postpaid customers.Welcoming the rollout of 5G slicing capabilities in India, Lt. Gen. Dr. S.P. Kochhar, Director General of COAI, described the development as an important milestone in …
Mumbai, May 18 (IANS) Indian equity benchmarks erased most of their intra-day losses to end marginally higher on Monday, aided by strong buying in information technology stocks even as investors continued to track developments in West Asia.The benchmark Nifty closed 6.45 points, or 0.03 per cent, higher at 23,649.95, while the Sensex gained 77.05 points, or 0.10 per cent, to settle at 75,315.04. Both indices had traded in negative territory for most of the session before recovering in late trade…
Mumbai, May 17 (IANS) The combined market valuation of nine of the country’s top-10 most valued companies declined by Rs 3.12 lakh crore last week amid a sharp sell-off in domestic equities triggered by rising geopolitical tensions, weakness in the rupee, and surging crude oil prices.The broader market sentiment remained under pressure as the 30-share Sensex plunged 2,090.2 points, or 2.7 per cent, during the week, while the Nifty dropped 532.65 points, or 2.2 per cent.Among the top-10 valued …