Stock market update: Equity market benchmark indices Sensex and Nifty rebounded in early trade after staying on the back foot for the past five straight sessions, helped by value buying at lower levels and rally in blue-chips Infosys, Tata Consultancy Services and Reliance Industries.
Reliance Industries, led by Mukesh Ambani, is set to reveal its Q4 results and dividend declaration today after market hours. With shares soaring by 30% in the last six months, nearing record highs, investors eagerly anticipate insights into the company's financial performance.
State Bank of India (SBI) has climbed the ranks to become India's fifth most valuable firm, overtaking Infosys in market capitalisation. With its shares rising by 1.51 per cent and hitting a 52-week high during trading, SBI's market capitalisation reached Rs 6,88,578.43 crore.
The BSE Sensex recorded a substantial decline of over 450 points, while the NSE Nifty dipped below the 19,400 mark.
Reliance Industries retained its top spot in the list of the most valued Indian firms, followed by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bajaj Finance, Adani Transmission and ITC.
In the ranking of most valued firms, Reliance Industries was leading the pack, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, State Bank of India, Adani Transmission, Bajaj Finance and HDFC.
Sensex jumped nearly 245 points in early trade on Tuesday, tracking gains in index majors HDFC, TCS and Infosys and supported by positive macroeconomic indicators.
Zomato got bids for 344.76 crore shares against 71.92 crore shares on offer, stock exchange data showed.
Equity benchmark Sensex inched higher by 55 points in early trade on Tuesday, tracking gains in index heavyweights HDFC twins, Bajaj Finance and Infosys amid sustained foreign fund outflows.
Equity benchmark Sensex and Nifty opened on a positive note on Friday amid a firm trend in global markets.
Sensex dropped over 185 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, Infosys, TCS and Reliance.
Equity benchmark Sensex surged over 250 points in opening trade on Tuesday, tracking gains in index heavyweights Infosys, Asian Paints and HDFC amid a positive trend in global markets.
Country's largest software exporter Tata Consultancy Services (TCS) on Monday surpassed Reliance Industries Ltd to become the country's most valued firm by market capitalisation.
Eight of the 10 most valued Indian companies together added Rs 90,844.8 crore in market valuation last week in an overall strong broader market, with RIL topping the list.
The cumulative erosion suffered by the three companies was higher than the combined gain of Rs 97,498.38 crore made by the rest of the seven firms.
The equity market witnessed a severe drubbing last week, with the BSE benchmark Sensex falling sharply by 1,850.15 points to end at 34,376.99.
Today's gains increased Ambani’s wealth to more than $42 billion. India’s richest man owns close to 47 per cent in RIL—the owner of the world’s largest oil refining complex.
Avenue Supermarts on Monday joined the elite club of companies that have seen their market capitalisation soar past Rs 1 trillion on the exchanges.
NEW DELHI: The combined market valuation of eight of the top-10 most valued Indian firms advanced Rs 47,491.18 crore last week, with TCS emerging as the biggest gainer.Barring SBI and HDFC Bank, the rest of
New Delhi: The top eight most valued Indian companies together added Rs. 32,825 crore in their market capitalisation (m-cap) last week, with ICICI Bank and ONGC witnessing the maximum rise in valuation.Except Infosys and ITC,
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