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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HDFC Bank, RIL lift Sensex over 100 points higher, Nifty above 24,550
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points,…
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Sensex extends losses to 2nd session, drops over 150 points; Nifty below 24k mark
Domestic benchmark equity indices extended losses for the second consecutive day on Tuesday, following their steepest decline in a month the previous day, weighed down by index heavyweights HDFC Bank, Reliance Industries, and Infosys. The BSE Sensex fell over 150 points, or 0.23%, to 78,599.28, while the Nifty50 slipped 54.80 points, or 0.23%, to 23,940.55…
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The rise and rise of ex-China EM funds can bring big flows to D-Street
Mumbai: In the global money hubs, the EM menu now has a pretty varied spread – and Chinese isn’t the staple dish any longer. The number of ex-China EM funds has nearly doubled to 70 worldwide in two years, Morningstar data showed, reflecting a robust investor appetite for such assets outside of China. And Mumbai…
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Stocks to buy today: HDFC Bank, Paytm among top 10 trading ideas for October 28, 2024
The Indian market is likely to edge higher on Monday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.97% at 24,215 levels on Friday. On the options front, the maximum Call OI is placed at 25,000, followed by the 24,500 strikes, while the maximum Put OI is at 23,500 and then…
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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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Bulls back in action as Sensex rises over 500 points; all eyes on inflation data, RIL, HCL Tech Q2
Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%,…
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Block deals worth over Rs 16,400 crore this week. DMart, HDFC Bank among stocks with major action
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on…
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Sensex drops 150 pts as Q2 earnings kick off on a subdued note; Nifty below 25K
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
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SpiceJet shares rally 10% as co to add 10 new aircraft to fleet by November-end
Shares of SpiceJet surged 9.5% to its dayβs high of Rs 63 on BSE after the company announced that it will add 10 new planes to bolster its fleet and operations. βSpiceJet is set to significantly expand its fleet by the end of November with the induction of ten aircraft, marking a major step in…
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