The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.
Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent.
While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.
The valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore.
Bharti Airtel’s valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore.
The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore.
LIC’s market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went low
Posts in category All News
Mcap of 6 of top-10 most-valued firms erode Rs 1.55 trn; RIL top laggard (10-11-2024)
E2E Networks Ltd – Listed small Cloud computing player (10-11-2024)
Coreweave IPO next year…comes closest to e2e
These 7 penny stocks surge 15-35% in a week (10-11-2024)
Despite a 0.30% decline in Sensex, 7 penny stocks gained 15-35%, meeting criteria of market cap under Rs 1000 crore.
Wall Street turns to 2016, while stock market has to live in ‘24 (10-11-2024)
When Trump ran for president in early 2016, US equities were on shaky footing, posting their worst start to a year since the financial crisis with a drop of more than 5% in January. By the time of his inauguration, the S&P 500 was coming off a 9.5% gain in 2016 after ending 2015 in the red. The index was trading at 17 times projected earnings. The yield on 10-year Treasuries was around 2.5%, and the fed funds rate sat at 0.75%.
Macroeconomic data, Q2 earnings to guide markets this week: Analysts (10-11-2024)
A host of macroeconomic data announcements, the last batch of September quarter earnings, global trends, and trading activity of foreign investors will be the major driving factors for the equity market this week, according to analysts.
Equity markets would remain closed on Friday for Guru Nanak Jayanti.
“India is set to release CPI and IIP data on November 12, with WPI data expected on November 14. Globally, the US inflation report on November 13 will be critical, as it may influence the Federal Reserve’s upcoming policy stance,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
With major global events and Q2 earnings (of blue-chip companies) behind, the market focus will shift to key macroeconomic data and the last round of results, Meena said.
Bank of India, BEML, Hindalco Industries, ONGC, Apollo Tyres, and Brainbees Solutions — the parent firm of online e-commerce platform FirstCry — among others will announce their quarterly earnings this week.
“The performa
Han Dongfang, Once China’s ‘Worst Nightmare,’ Refuses to Back Down (10-11-2024)
Neither jail nor exile to Hong Kong has stopped Han Dongfang, a former Tiananmen Square protest leader, from championing workers’ rights. “If you’re born stubborn, you go everywhere stubborn.”
Azad Engineering – A stock picker’s dream! (10-11-2024)
Order book can be any big number. How much gets executed and realized as revenue and profit is what matters. Need to wait and watch the management’s execution capability.