Mumbai, July 26 (IANS) The combined market valuation of nine of India’s 10 most-valued listed companies declined by Rs 2.74 lakh crore last week as a sharp sell-off in domestic equities weighed on heavyweight stocks, with HDFC Bank emerging as the biggest laggard.The decline in market capitalisation came in line with a weak broader market, as the Sensex plunged 2,091.68 points, or 2.67 per cent, during the week, while the Nifty dropped 566.85 points, or 2.32 per cent.Among the country’s top-10 m…
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Mumbai, July 19 (IANS) The combined market valuation of five of India’s 10 most-valued companies surged by Rs 1.54 lakh crore last week with IT major Tata Consultancy Services (TCS) emerging as the biggest wealth creator amid a positive trend in domestic equities.The broader market remained upbeat during the week, with the Sensex gaining 582.06 points, or 0.75 per cent, while the Nifty advanced 127.4 points, or 0.52 per cent.Among the top-10 firms by market capitalisation, Reliance Industries, I…
Mumbai, July 12 (IANS) The combined market valuation of four of India’s 10 most-valued companies increased by Rs 92,995.48 crore during the last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, even as the broader equity market ended lower.During the week, the Sensex declined 194.52 points, or 0.25 per cent, while the Nifty slipped 63.95 points, or 0.26 per cent.Among the country’s 10 most-valued companies, Reliance Industries, HDFC Bank, Bharti Airtel, and Life Insurance …
New Delhi, July 10 (IANS) The Department of Posts and the Telecom Regulatory Authority of India (TRAI) signed a Memorandum of Understanding (MoU) on Friday to conduct a nationwide app-based survey to assess the mobile network performance of Telecom Service Providers (TSPs) – Bharti Airtel, Reliance Jio, Vodafone Idea, and BSNL – across over 5.68 lakh villages in India as part of an initiative to improve rural telecom services and strengthen Digital India.Under the MoU, the Department of Posts wi…
Mumbai, July 9 (IANS) Benchmark equity indices rebounded on Thursday, with the Sensex gaining over 238 points and the Nifty closing above the 23,960 mark as buying in realty, consumer durables and PSU bank stocks lifted investor sentiment.The Sensex rose 238.22 points, or 0.31 per cent, to settle at 76,741.82, while the Nifty advanced 80.75 points, or 0.34 per cent, to close at 23,962.80.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 range remains an immediate resis…
Mumbai, July 5 (IANS) The combined market valuation of six of India’s 10 most-valued companies rose by more than Rs 1 lakh crore last week, led by a sharp gain in Bharti Airtel, as benchmark equity indices extended their winning streak amid sustained investor optimism.The rally came as the Sensex advanced 663.44 points, or 0.86 per cent, during the week, while the Nifty gained 214.85 points, or 0.89 per cent.Among the top gainers, Bharti Airtel recorded the biggest increase in market valuation, …
Mumbai, July 2 (IANS) Indian equities traded higher in the morning session on Thursday, supported by easing crude oil prices, strong auto sales data and optimism over first-quarter earnings.Sensex surged as much as 0.38 per cent or about 300 points to hit an intraday high of 77,218.78 in early trade. Nifty climbed 0.35 per cent or 86 points to 24,092.05.Sectorally, IT emerged as top gainer, with Nifty IT index jumping over 3 per cent, followed by Nifty MidSmall IT & Telecom, Nifty Consumer D…
Mumbai, June 28 (IANS) The combined market capitalisation of six of India’s 10 most-valued companies increased by Rs 88,678 crore during the holiday-shortened week.During the week, the Sensex advanced 297.57 points, or 0.38 per cent, while the Nifty rose 42.9 points, or 0.17 per cent.Among the top-valued firms, HDFC Bank, ICICI Bank, State Bank of India, Bajaj Finance and Larsen & Toubro registered gains in their market capitalisation, while Bharti Airtel, Tata Consultancy Services, Life Ins…
Mumbai, June 26 (IANS) Indian stock exchanges — the National Stock Exchange (NSE) and the BSE — remained closed on Friday on account of Muharram, with trading suspended across all equity market segments, including equity derivatives, currency derivatives, securities lending and borrowing (SLB).Meanwhile, in the commodity segment, the Multi Commodity Exchange (MCX) remained closed during the morning session from 9 am to 5 pm.Trading on the commodity exchange will resume in the evening session f…
Mumbai, June 21 (IANS) The combined market valuation of nine of India’s 10 most-valued companies surged by Rs 2.15 lakh crore last week after a strong rally in domestic equities amid improving global risk sentiment.Among the top 10 firms, Bharti Airtel recorded the highest increase in market capitalisation, with its valuation rising by Rs 52,432.67 crore to Rs 11.63 lakh crore.State-owned Life Insurance Corporation of India (LIC) was the second-biggest gainer, adding Rs 51,675.23 crore to take i…