Tuesday, December 24

Tag: market valuation

Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh crore; HDFC Bank biggest gainer
31Dec By adminNo Comments
Business

Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh crore; HDFC Bank biggest gainer

NEW DELHI: The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally.Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28.Equity markets were closed on Monday for Christmas.While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards.HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack.The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 cro...
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M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers
10Dec By adminNo Comments
Business

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities. Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80. HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation. HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore. The market capitalisation (mcap) of Life Insuran...
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In a first, NSE listed companies’ market capitalisation surpass USD 4 trillion mark
3Dec By adminNo Comments
Business

In a first, NSE listed companies’ market capitalisation surpass USD 4 trillion mark

NEW DELHI: The market capitalisation of listed companies on the NSEhas surpassed the USD 4 trillion (Rs 334.72 trillion) mark for the first time ever, with the benchmark Nifty hitting its all-time high of 20,291.55 last Friday. The benchmark Nifty climbed 134.75 points or 0.67 per cent to settle at an all-time high of 20,267.90 on Friday. During the day, the benchmark reached its intra-day record high of 20,291.55. The Nifty-500 index also touched an all-time high of 18,141.65 on the same day, indicating that the equity market rally is not restricted to only the large-cap stocks. "The achievement of this milestone is a testament of the vision outlined for the Amrit Kaal which includes a technology-driven and knowledge-based economy with strong public finances, and a robust financial sect...
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Indian markets hit historic $4 trn market cap milestone for the first time
29Nov By adminNo Comments
Business

Indian markets hit historic $4 trn market cap milestone for the first time

Indian markets on Wednesday hit the historic $4 trillion market cap milestone for the first time. Currently, there are only three countries in the $4-trillion-plus mcap club--US, China and Japan. Hong Kong too, is part of the club. However, a large contribution is on account of companies belonging elsewhere, mainly China. Market value of all BSE-listed companies currently is at a record high of Rs 333 trillion, translating into $4 trillion.   With a market cap of almost $48 trillion US is by-far the world's largest equity market. Followed by China ($9.7 trillion) and Japan ($6 trillion).   According to Bloomberg data, India’s market cap has risen nearly 15 per cent so far this calendar year, even as China’s has seen a 5 per cent erosion in its market cap. The U...
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M-cap of 4 of top-10 firms decline by Rs 23,417 cr; TCS biggest laggard
12Nov By adminNo Comments
Business

M-cap of 4 of top-10 firms decline by Rs 23,417 cr; TCS biggest laggard

The combined market valuation of four of the top-10 most valued firms fell by Rs 23,417.15 crore last week, with IT majors Infosys and Tata Consultancy Services (TCS) taking the biggest hit. Last week, the BSE benchmark advanced 540.9 points or 0.84 per cent. While Reliance Industries Ltd, TCS, Hindustan Unilever Ltd and Infosys faced erosion from their market capitalisation (mcap), HDFC Bank, ICICI Bank, ITC, Bharti Airtel, State Bank of India and Bajaj Finance witnessed a combined addition of Rs 17,386.45 crore. The market valuation of Infosys fell by Rs 8,465.09 crore to Rs 5,68,064.77 crore, the most among the top-10 firms. The mcap of TCS declined by Rs 6,604.59 crore to Rs 12,19,488.64 crore. Hindustan Unilever's mcap diminished by Rs 5,133....
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