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 13 (IANS) Benchmark equity indices ended little changed on Monday, recovering from their intra-day lows as gains in information technology stocks helped offset weakness in FMCG and metal shares.The Sensex closed 47.01 points, or 0.06 per cent, higher at 77,616.40, while the Nifty edged up 4.10 points, or 0.02 per cent, to settle at 24,211.Commenting on Nifty technical outlook, experts said that the 24,300–24,400 region now stands as the immediate resistance zone, with the upper en…
Mumbai, July 12 (IANS) Investors will closely track the ongoing Q1 FY27 earnings season, movement in crude oil prices, foreign fund flows and developments in West Asia next week after the Indian stock market ended its four-week winning streak amid heightened geopolitical tensions and volatile global cues.Benchmark indices closed the week with marginal losses as renewed tensions in West Asia and a spike in crude oil prices dented investor sentiment.However, a strong recovery in the final two trad…
Mumbai, July 10 (IANS) Indian benchmark equity indices opened sharply higher on Friday, tracking gains in global markets as a rally in chip stocks boosted investor sentiment, with information technology shares emerging as the biggest gainers.During early trade, the Sensex was trading 701.73 points, or 0.91 per cent, higher at 77,443.55. The Nifty advanced 200.85 points, or 0.84 per cent, to 24,162.25.Commenting on Nifty technical outlook, experts said that the 24,100–24,200 region is expected …
New Delhi, July 10 (IANS) A court in Maharashtra’s Nashik has granted bail to former Tata Consultancy Services (TCS) employee Nida Khan, who was arrested in connection with alleged sexual harassment and religious conversion cases linked to the company’s Nashik office. While granting relief, the court observed that no woman should have to endure the trauma of delivering a child in prison, drawing a comparison with the circumstances surrounding the birth of Lord Krishna. Khan, who is around five m…
Mumbai, July 9 (IANS) Tata Consultancy Services (TCS), India’s largest software services exporter, on Thursday reported a consolidated net profit of Rs 13,349 crore for the first quarter of FY27, down around 3 per cent from Rs 13,718 crore recorded in the January-March quarter of the previous financial year (Q4 FY26). On a year-on-year basis, however, net profit rose 5 per cent from Rs 12,760 crore reported in the corresponding quarter last year (Q1 FY26).Revenue from operations increased 14 per…
Mumbai, July 7 (IANS) The upcoming streaming series ‘The Tatas’ is set to tell the story of one of the most influential business clans of India, who helped in nation building. The series is envisioned as a premium multi-season drama, and is adapted from Girish Kuber’s book, ‘The Tatas: How a Family Built a Business and a Nation’. The series will chronicle the architecture of a family whose corporate ethos, industrial breakthroughs, and philanthropic institutions became deeply intertwined w…
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 5 (IANS) The Indian stock market is expected to take cues from the start of the June quarter earnings season, global geopolitical developments, crude oil price movement, foreign investor activity and currency trends in the coming week. After extending gains for a third consecutive session on Friday, benchmark indices will also be closely watched for their response to domestic macroeconomic indicators and global market sentiment.Indian benchmark indices ended higher for the third str…