The combined market valuation of nine of the top 10 most valued companies fell by Rs 2,18,902.09 crore last week, with Bharti Airtel taking the biggest hit in line with a bearish trend in equities.Last week, the benchmark BSE fell 1,527.52 points or 1.84 percent. “Equity markets ended the week under significant pressure as continued […]
The combined market valuation of six of the top 10 most valued companies rose by Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest gainers.The 30-share BSE Sensex rose 187.95 points, or 0.22 percent, in the past week. Larsen & Toubro, State Bank of […]
Shares of Kwality Wall (India) fell 5% to hit the day’s low of Rs 27.95 on the NSE on the second day of listing on the stock exchanges. The stock is now down 30% from its debut price of Rs 40.20 post-split.The shares were sold relentlessly, with over 3 crore shares changing hands on the […]
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. […]
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 […]
Fractal Analytics on Friday said it has raised Rs 1,249 crore from anchor investors ahead of its proposed initial public offering (IPO), after allotting 1,38,69,499 shares to 52 anchor investors at the top end of the price band of Rs 900 per share.The IPO opens for public subscription on Monday, February 9 and closes on […]
The December quarter earnings season continues on Thursday, with no fewer than 198 companies set to announce their third quarter results. Key results to look out for include Airtel, Tata Motors PV, LIC, Nykaa, Hero MotoCorp, and several others.What to expect from Airtel Q3 results Telecom giant Bharti Airtel is expected to report a steady […]
The government is actively considering further reducing its stake in insurance giant LIC through a public offer in the next financial year, Financial Services Minister M. Nagaraju said on Monday.Currently, the government has a 96.5 percent stake in Life Insurance Corporation (LIC). It had sold 3.5 percent through an initial public offering (IPO) in May […]
As markets digested the Union Budget amid mixed reactions, industry leaders offered a longer-term perspective on the government’s priorities and growth agenda. Speaking to ET Now, R Doraiswamy, CEO and MD, LIC, described the Budget as a forward-looking roadmap that aligns with India’s ambition to become one of the three largest economies in the world.“This […]
Gold and silver continued their sharp sell-off on MCX, with futures down 6% at the Feb. 1 open, dragging gold ETFs down as much as 16% in early Friday trading.Gold futures for April delivery fell 6% – down Rs 9,140 per 10 gram – to open at Rs 1,43,205, a sharp three-session decline of nearly […]