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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RIL shares fall 2% after 11.9 lakh shares change hands in a block deal
Shares of Mukesh Ambani-owned Reliance Industries (RIL) today fell by 2% to an intraday low of Rs 1,278.70 on the BSE after 11.9 lakh equity shares of the company changed hands in a block deal. The official parties of the transaction as well as the price at which the securities were traded are not currently…
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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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Mid-cap stocks to buy: Corrections are opportunities, only if you buy right: 5 mid-cap stocks owned by certain business houses with upside potential of up to 49%
Synopsis Nine out of 10 stocks have declined in the past three weeks. Little wonder that doubt, confusion, and fear are the overwhelming feelings on the street. This is the exact opposite of what was happening just a couple of months back. In that extremely bullish period, even cats and dogs were flying with half-billion-dollar…
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Sensex jumps over 150 points, Nifty tops 24,826; banks lead gains
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Tuesday, amid weak global cues, driven by gains in index heavyweights ICICI Bank, Infosys, and Reliance Industries. The BSE Sensex rose 171 points, or 0.21%, to 81,323, while the Nifty50 gained 45 points, or 0.18%, trading at 24,826 at around 9:19 am. From the…
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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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Stock to Watch: Jio Financial shares in focus ahead of Q2 earnings
Shares of Jio Financial will be in focus in Friday’s trade as the company will announce its second quarter earnings later today. In the run up to the results, shares of Jio have been muted with a fall of over 6%. In the last five days, the stock sinked nearly 4% amid an overall bearish…
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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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