The combined market valuation of six of the top-10 most valued firms eroded by Rs 78,166.08 crore last week, with Reliance Industries taking the biggest hit, in line with weak trends in equities. Last week, the BSE benchmark dropped 609.51 points or 0.74 per cent and the Nifty declined 166.65 points or 0.66 per cent….
READ MOREUS’ credit ratings downgrade by Moody’s could create a short-term setback for the IT stocks, which have enjoyed a formidable run on the D-Street over the past month, rising by up to 30%. A glimpse of which was seen on Monday where tech counters fell sharply. “Moody’s downgrade comes following Fitch’s earlier action in August…
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