The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard.
In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37 per cent.
Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC and State Bank of India were the laggards, ICICI Bank, Infosys and Bharti Airtel emerged as the gainers.
The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore.
LIC’s valuation tumbled by Rs 20,682.74 crore to Rs 5,71,337.04 crore.
The market valuation of TCS eroded by Rs 19,173.43 crore to Rs 13,93,439.94 crore and that of State Bank of India plunged by Rs 16,599.77 crore to Rs 5,46,989.47 crore.
ITC’s valuation diminished by Rs 15,908.1 crore to Rs 5,68,262.28 crore and that of Hindustan Unilever declined by Rs 9,210.4 crore to Rs 5,70,974.17
Posts in category Business Standard
M-cap of 7 of most-valued firms erode by Rs 1.16 trn; HDFC biggest laggard (28-01-2024)
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The price of 22-carat climbed Rs 100, with the yellow metal selling at Rs 57,800
Asian stocks drop after 6-day winning streak; Chinese shares decline (26-01-2024)
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
Asian stocks drop after 6-day winning streak; Chinese shares decline (26-01-2024)
A gauge of US-listed Chinese companies slipped Thursday amid declines for Baidu Inc, Yum China Holdings Inc. and Alibaba Group Holding Ltd
BLS E-Services IPO opens on Jan 30; price band set at Rs 129-135 per share (26-01-2024)
Technology-backed service provider BLS E-Services Ltd has set a price band of Rs 129-135 per share for its initial public offering (IPO), that will open for bidding on January 30.
The issue will open for public subscription on January 30, and close on February 1, 2024, a company release said.
The firm is offering up to 2.3 crore equity shares, excluding pre-IPO placement in the offering.
Anchor investor bidding will be on January 29, it added.
Investors can bid for a minimum of 108 equity shares and in multiples of 108 thereafter, the company said.
“The company proposes to utilise net proceeds from fresh issue of equity shares to strengthen its technology infrastructure to develop new capabilities and consolidate its existing platforms; funding initiatives for organic growth by setting up of BLS Stores; achieving inorganic growth through acquisitions; and general corporate purposes,” it said.
Republic Day 2024: Indian stock market to remain closed on January 26 (26-01-2024)
The markets will also remain closed for the next two days on account of weekend holidays. This means the trading will resume on Monday, January 29
Faasos, Behrouz Biryani’s parent Rebel Foods aiming to get listed in 2025 (26-01-2024)
With this, Rebel Foods would become the country’s first cloud kitchen business to go public
Gold falls Rs 50, silver jumps Rs 700; yellow metal trading at Rs 62,950 (26-01-2024)
The price of 22-carat gold witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,700
Sebi streamlines reporting norms for depository participants, custodians (25-01-2024)
Markets regulator Sebi on Thursday streamlined the reporting requirements for designated depository participants and custodians.
The decision has been taken after reviewing various reports submitted by the Designated Depository Participants (DDPs) and custodians in order to have uniform compliance standards, for ease of compliance reporting and for regulatory purposes.
In a circular, the Securities and Exchange Board of India (Sebi) said that reports about Foreign Portfolio Investors (FPIs) non-compliant with legal entity identifier requirements and FPIs who have not submitted granular beneficial ownership details should be submitted on a quarterly basis.
Various other reports also need to be submitted to the regulator.
Sebi has provided the reporting requirements along with periodicity in the circular.
The reports should be on monthly, quarterly, half-yearly and annual basis as specified by the regulator.
“The monthly and quarterly reports shall be uploaded within 15 calendar d