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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Hedging against swings in Indian bank stocks suddenly looks cheap
Options traders are getting less skeptical about Indian banks after months of underperformance. The cost of hedging against volatility in the NSE Nifty Bank Index is near its lowest level since January relative to the broader NSE Nifty 50 Index, indicating less demand for protection. Meanwhile, the number of bearish options outstanding on the banking…
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Nifty Bank underperforms Nifty50, most sectoral peers. Should you still bet on financials?
While Nifty Bank has logged in double digit returns over the last 1 year, its performance against broader Nifty50 and its other sectoral peers remains subpar. With rising deposit cost and moderation in net interest margins (NIMs), experts remain wary of the pack, toning down their expectations from the sector that has the largest weight…
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M-cap of 8 of top-10 most valued firms rises Rs 1.53 lakh crore; Airtel, Infosys biggest gainers
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,53,019.32 crore last week, with Bharti Airtel and IT majors Infosys, Tata Consultancy Services emerging as the biggest gainers, in line with a record rally in equities. Last week, the BSE benchmark jumped 1,279.56 points or 1.57 per cent. Rallying for…
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13 high conviction stock ideas from InCred Equities to add in your portfolio – Top Picks
Indian Railway Finance Corporation Share Price 180.92 04:04 PM | 8 Aug 2024 -1.5(-0.82%) One97 Communications Share Price 508.5 03:59 PM | 8 Aug 2024 2.65(0.53%) YES Bank Share Price 23.92 04:00 PM | 8 Aug 2024 -0.13(-0.55%) ITC Share Price 494.75 03:59 PM | 8 Aug 2024 2.11(0.43%) HDFC Bank Share Price 1642.7 04:04…
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M-cap of 8 of top 10 firms plunges Rs 1.28 lakh crore; TCS, Infosys biggest laggards
Eight of the top-10 most valued firms together lost Rs 1,28,913.5 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards, amid weak trend in equities. The valuation of TCS tumbled Rs 37,971.83 crore to Rs 15,49,626.88 crore, the most among the top-10 firms. The…
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Vedanta gets clearance from 75% secured lenders for demerger
In a key step for its proposed demerger, Vedanta has received approval from 75% of its secured creditors to obtain a clearance from stock exchanges. The natural resources major will then file the demerger scheme with the National Company Law Tribunal. The company is also in talks with some of these lenders to prepay their…
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A play on revival of capex cycle: 5 PSU banks with an upside potential of up to 36%
Synopsis After a gap of almost three months, PSU banks witnessed an across the board up move. If one looks deeper, even in the last three months of correction or rather consolidation, the cut in PSU stocks was not very high. They moved in a sideways range. This is very different if one takes into…
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Mcap of 6 of top-10 valued firms jumps Rs 1.85 lakh cr; LIC, Infosys biggest winners
The combined market valuation of six of the top 10 valued firms jumped Rs 1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers. Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent. The valuation of LIC surged Rs 44,907.49 crore to Rs 7,46,602.73…
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