8 of top 10 most-valued firms lose nearly Rs 2 lakh crore in m-cap
Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities. Last week, BSE benchmark Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were…
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Mcap of 4 of top-10 most valued firms jumps Rs 81,151 cr last week; ICICI, HDFC Bank biggest gainers
Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers,…
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Sebi clarifies on 3-in-1 accounts usage for public issue applications
Markets regulator Sebi on Friday clarified that investors can continue using 3-in-1 accounts to apply online for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitised debt instruments. This is in addition to the existing modes of application, Sebi said in a circular. A three-in-one trading account combines a savings…
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LIC increases stake in Bank of Maharashtra from 4.05% to 7.1% via QIP
Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the company informed the exchange in a filing. In an official statement on Saturday, LIC announced that it has raised its shareholding in the bank from 4.05 per cent to 7.10 per cent following a Qualified Institutional Placement (QIP). “..the Life…
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Mcap of 6 of top-10 most valued firms jumps Rs 1.97 lakh cr; ICICI Bank, HDFC Bank major winners
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63…
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M-cap of 9 of top 10 most valued firms jumps by Rs 2 lakh crore; Airtel sparkles
Nine of the top-10 most valued firms together added Rs 2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Last week, the BSE benchmark jumped 1,707.01 points or 2.10 per cent. The 30-share BSE Sensex hit its lifetime high of 83,116.19 on Thursday. Bharti Airtel’s…
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European shares gain on boost from oil, resources sectors
European shares opened higher on Wednesday, boosted by the oil and gas, and the basic resources sectors, while investors awaited a key U.S. inflation reading for clues on the Federal Reserve’s interest rate decision next week. The pan-European STOXX 600 index was up 0.3%, as of 0710 GMT. All regional indexes were trading in the…
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European shares muted ahead of more economic data
European shares were flat on Tuesday as gains in industrials were offset by losses in miners, while investors awaited a raft of economic data that will shed more light on the monetary policy path for the euro zone and the United States. The pan-European STOXX 600 index was flat by 0717 GMT, with German stocks…
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