Mumbai, March 1 (IANS) The market capitalisation of Tata Consultancy Services (TCS) dropped by Rs 18,180.89 crore last week, bringing its total valuation down to Rs 9,53,872.59 crore, as equity markets remained under pressure.Overall, nine of the top-10 most valued companies together lost Rs 2,18,902.09 crore in market valuation during the week — reflecting a bearish trend in the stock market.The BSE benchmark index declined sharply by 1,527.52 points, or 1.84 per cent, over the same period.Acc…
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New Delhi, Feb 25 (IANS) Credit card spending remained subdued at Rs 1,990 billion in January 2026, growing 8.1 per cent year-on-year, a report has said on Wednesday.However, data compiled by Asit C. Mehta Investment Intermediates Limited showed that it has declined by 2.7 per cent compared to the previous month.The report noted that the sequential decline in spending was largely driven by lower spends from the top four banks.State Bank of India saw the biggest drop, with spending falling by Rs …
Mumbai, Feb 22 (IANS) The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers.The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore.State Bank of India added Rs 16,0…
Mumbai, Feb 15 (IANS) The market valuation of Tata Consultancy Services (TCS) tumbled by Rs 90,198.92 crore to Rs 9,74,043.43 crore this week, emerging as the biggest laggard among India’s top companies amid a broader bearish trend in equities.The combined market capitalisation of six of the top 10 most valued firms declined by more than Rs 3 trillion during the week, as stock markets remained under pressure.The BSE benchmark index fell by 953.64 points, or 1.14 per cent — reflecting weak inv…
Mumbai, Feb 12 (IANS) Indian stock markets ended lower on Thursday as heavy selling in major IT stocks pulled the benchmark indices into negative territory. Weak sentiment in the technology sector outweighed gains seen in select banking and finance stocks.The Sensex closed at 83,674.92, slipping 558.72 points, or 0.66 per cent. Meanwhile, the Nifty settled at 25,807.2, down 146.65 points, or 0.57 per cent, from the previous close.“As long as Nifty trades below the 25,840–25,900 resistance ba…
Mumbai, Feb 2 (IANS) Indian equity markets bounced back strongly in the final hour of trade on Monday, helped by late buying in heavyweight stocks such as Adani Ports, Bharat Electronics, L&T, Mahindra & Mahindra, ICICI Bank and HDFC Bank.The Sensex recovered sharply from its intra-day low of 80,387.25. It jumped as much as 1,345 points to touch a high of 81,732 before closing at 81,666. The index ended the day up 944 points, or 1.17 per cent.Similarly, the Nifty moved in a wide range du…
New Delhi, Jan 27 (IANS) Public sector banking operations are likely to be disrupted on Tuesday as bank employee unions called for a nationwide strike, demanding a five-day work week. Private banks, however, will not be affected by the day-long strike.Several public sector banks have already informed stock exchanges about the possible impact of the strike.The United Forum of Bank Unions (UFBU) went ahead with its nationwide strike. The UFBU is a joint platform of nine unions representing officer…
New Delhi, Jan 26 (IANS) Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as the United Forum of Bank Unions (UFBU) goes ahead with its nationwide strike demanding a five-day work week.The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.The UFBU is a joint platform of nine unions representing officers and employees of public sector banks.The timing of the strik…
Mumbai, Jan 25 (IANS) Bajaj Finance’s market capitalisation fell by over Rs 14,000 crore last week as weak market sentiment dragged down most of India’s top-valued companies.The sharp fall came amid a broader sell-off in equities, driven by global uncertainties, foreign investor outflows and pressure on the rupee.The combined market valuation of nine of the top-10 most valued companies declined by Rs 2.51 lakh crore last week — reflecting a sharp downturn in the stock market.Bajaj Finance w…
Mumbai, Jan 22 (IANS) Indian stock markets ended higher on Thursday, snapping a three-day losing streak, as positive global cues and easing geopolitical tensions boosted investor confidence.Market sentiment improved after US President Donald Trump said he would not impose tariffs on European Union nations on February 1.He mentioned that a ‘framework for a future deal’ had been reached with NATO on Greenland.His remarks about a ‘great’ trade deal between the US and India further encourage…