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 26 (IANS) The Indian stock market is expected to remain driven by global cues in the coming week, with investors closely tracking the US Federal Reserve’s interest rate decision, a fresh round of June quarter earnings, movements in crude oil prices and developments in the Middle East. Market participants will also keep an eye on foreign fund flows and the rupee, as elevated geopolitical risks continue to influence sentiment.The benchmark indices ended the previous week with sharp lo…
New Delhi, July 20 (IANS) Larsen & Toubro (L&T) on Monday announced that its minerals and metals business has secured multiple domestic orders, including contracts from public sector companies, with the combined value falling in the company’s ‘mega’ category of Rs 10,000 crore to Rs 15,000 crore.In a regulatory filing, the engineering and construction major said the orders have been awarded by leading companies in the metals and mining sector and include projects aimed at expanding iron …
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 14 (IANS) Domestic equity benchmark indices opened lower on Tuesday, tracking weak global markets after a sharp rebound in crude oil prices to the $85-a-barrel mark amid escalating tensions in the Middle East.Sensex opened 344.06 points or 0.44 per cent lower at 77,272.34, while Nifty fell over 100 points or 0.59 per cent to 24,068.00 at the opening bell.Among the sectoral indices, financial and auto stocks led the decline.Nifty Financial Services Ex-Bank slipped 1.12 per cent, foll…
Thiruvananthapuram, July 13 (IANS) Alleging that a broad daylight robbery had taken place in the name of the Ayodhya Ram Temple, AICC Media and Publicity Department Chairman, Pawan Khera, on Monday demanded a Supreme Court-monitored probe into the alleged misappropriation of donations and financial irregularities linked to the temple trust.At the KPCC headquarters here, Khera alleged that Prime Minister Narendra Modi had constituted the Ram Temple Trust and that while the Prime Minister and the …
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 12 (IANS) Union Commerce and Industry Minister Piyush Goyal will lead a high-level Indian business delegation on a five-day visit to Spain, Belgium and Finland from July 13 to 17, as India seeks to deepen its economic engagement with Europe through enhanced cooperation in trade, investment, technology, innovation and sustainability, it was announced on Sunday.The delegation will include leading Indian companies from sectors such as advanced manufacturing, clean energy, digital te…
Bhopal, July 9 (IANS) The Madhya Pradesh government on Thursday said the 108-foot-tall ‘Statue of Oneness’ dedicated to Adi Shankaracharya at Omkareshwar is structurally safe and built as per international engineering standards. The clarification comes amid a controversy after the Opposition Congress alleged that cracks had appeared in the statue and demanded an independent technical inspection.In a statement, chief engineer and project director of ‘Ekatma Dham’ Rajiv Srivastava said the multi-m…
Mumbai, July 8 (IANS) Domestic equity markets opened lower on Wednesday, tracking weak global cues amid renewed geopolitical tensions in the Middle East.Sensex opened 364.27 points or 0.46 per cent lower at 77,816.45, while Nifty slipped 139.15 points or 0.57 per cent to 24,259.55.Among sectoral indices, Nifty Oil & Gas led the losses, declining more than 1 per cent.Nifty Media, Nifty PSU Bank, Nifty Realty, Nifty Cement, Nifty Metal, Nifty Auto and Nifty FMCG also declined by up to almost 1…