Mumbai, Jan 18 (IANS) The combined market valuation of three of India’s top companies surged by Rs 75,855.43 crore last week, even as the overall stock market showed a sluggish trend during the holiday-shortened week. State Bank of India (SBI) and Infosys were the biggest gainers among the top firms. While the Sensex slipped 5.89 points, the Nifty inched up by 11.05 points over the week.Commenting on Nifty technical outlook, an expert said that “immediate resistance is placed at 25,875, foll…
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Mumbai, Jan 4 (IANS) The combined market capitalisation of seven of the top-10 most-valued companies rose by Rs 1.23 lakh crore last week, tracking a positive trend in the equity markets as benchmark indices posted healthy gains.The upbeat sentiment helped the Sensex climb 720.56 points, or 0.84 per cent, during the week — reflecting broad-based buying interest across sectors.Among the top-10 most valuable companies, shares of HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Larsen &a…
Mumbai, Dec 28 (IANS) Bajaj Finance was among the major losers last week as the combined market valuation of seven of India’s top-10 most valued companies fell by Rs 35,439.36 crore amid a muted trend in equities during a holiday-shortened week.The market capitalisation of Bajaj Finance declined by Rs 5,102.43 crore, taking its total valuation to Rs 6,22,124.01 crore, according to official data.The broader market, however, showed limited gains, with the BSE benchmark index rising marginally by…
Washington, Dec 27 (IANS) American technology giants are pouring tens of billions of dollars into India as the country emerges as a key global hub for data centres and Artificial Intelligence (AI) infrastructure, a New York Times report detailed on Saturday.The daily said that investments – led by Microsoft, Amazon, Google, and Meta – are reshaping India’s digital landscape and underscoring the scale of global demand for data storage and computing power.Microsoft has committed $17.5 billion to…
Mumbai, Dec 23 (IANS) Indian equity benchmark indices ended on a mixed note on Tuesday, as weakness in information technology stocks weighed on the market, even as buying in financial, FMCG and metal shares provided some support. Investor sentiment also remained cautious due to the weekly expiry of Nifty derivatives.The Sensex snapped its two-day winning streak and closed marginally lower, slipping 0.05 per cent to settle at 85,524.84.In contrast, the Nifty managed to extend its gains for a thir…
Mumbai, Dec 22 (IANS) Indian stock markets ended on a strong note on Monday, extending the gains seen in the previous session, even as global cues remained mixed. Buying interest in information technology and metal stocks helped push the benchmark indices higher.Positive sentiment was also supported by optimism around the signing of the India–New Zealand free trade agreement, which boosted investor confidence.The Sensex closed at 85,567.48, rising by 638.12 points, or 0.75 per cent. Similarly,…