Latest Updates Around The World
The combined market valuation of six of the top 10 most valued companies eroded by over Rs 3 lakh crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards amid a bearish trend in equities.The benchmark BSE has fallen 953.64 points or 1.14 percent in the past week. […]
Indian benchmark indices ended with cuts on Thursday led by massive selling pressure on IT stocks. The other notable laggards were energy and real estate stocks. While Nifty ended at 25,807.20, down 146.65 points or 0.57%, the BSE Sensex fell 558.72 points or 0.66% to 83,674.92. Meanwhile, the volatility gauge India VIX ended at 11.73, […]
Market veteran Gurmeet Chadha has said that five years ago, it was difficult to imagine that the State Bank of India (SBI) would overtake IT heavyweights such as Tata Consultancy Services (TCS) and Infosys in terms of market capitalization. While the Managing Partner and CIO of Complete Circle Consultants stopped short of writing down the […]
Leading public sector lender State Bank of India (SBI) has overtaken IT services firm Tata Consultancy Services (TCS) to become the country’s fourth-largest listed company by market capitalization, riding on a sharp post-earnings recovery and renewed optimism around public sector banks.SBI’s market capitalization now stands at almost Rs 10.92 lakh crore, compared to TCS at […]
The combined market valuation of eight of the country’s top 10 most valued companies rose by Rs 4.55 lakh crore last week, tracking a strong rally in equities with Reliance Industries emerging as the biggest gainer.According to PTI, the benchmark BSE rose 2,857.46 points or 3.53 percent during the week.Among the top 10, Reliance Industries, […]
The combined market valuation of eight of the top 10 most valued companies rose by as much as Rs 4.55 lakh crore last week, with Reliance Industries emerging as the biggest gainer, in line with a notable rally in equities.Last week, the benchmark BSE rose 2,857.46 points or 3.53 percent. Among the top 10, Reliance […]
Reliance Industries Chairman Mukesh Ambani on Tuesday made a strong case for diverting Indian households’ savings to the capital markets, arguing that the country’s long-standing preference for physical assets such as gold has slowed the production of productive wealth at a time when India is entering a robust growth phase.In a conversation with BlackRock CEO […]
The India-US trade deal provided a strong boost to domestic equities, with benchmark indices ending the session with broad gains across sectors. Financial, auto, real estate and chemicals sectors emerged as the best performers, while Reliance Industries and HDFC Bank were the largest individual contributors to the frontline indices. The Nifty closed at 25,727.55, up […]
Billionaire Mukesh Ambani-backed shares of Reliance Industries (RIL) rose 7% to a day’s high of Rs 1,489 on BSE, while shares of Adani Group rose up to 13% on Tuesday after US President Donald Trump announced a landmark trade deal between India and the US that cuts tariffs from 50% to 18% and opened the […]
Benchmark indices Nifty and Sensex rose 4.7% and 4.4% respectively, in one of the biggest single-day gains after India and the US announced a long-awaited trade deal, easing concerns over tariffs that have weighed on Indian markets for months. The benchmark BSE Sensex rose nearly 3,500 points, or 4.4%, to 85,323 in early trade, while […]
