Posts tagged All News
Is China the only factor for the sharp market correction? (03-11-2024)
This is not the first time that China has extended a stimulus “carrot” to entice investors. Back then in Feb-March, China announced series of stimulus measures targeting property sector and infrastructure investments
Mcap of 6 of top 10 most valued firms up Rs 1 trn; State Bank, ICICI on top (03-11-2024)
The combined market valuation of 6 of the top-10 most-valued firms surged Rs 1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming the biggest gainers.
Leading stock exchanges BSE and NSE conducted a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081.
Last week, the BSE benchmark climbed 321.83 points, or 0.40 per cent.
While Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
The valuation of State Bank of India jumped Rs 36,100.09 crore to Rs 7,32,755.93 crore.
ICICI Bank added Rs 25,775.58 crore to Rs 9,10,686.85 crore in its market valuation.
LIC’s valuation surged Rs 16,887.74 crore to Rs 5,88,509.41 crore and that of Reliance Industries soared Rs 15,393.45 crore to Rs 18,12,12
IT stocks hold the key to pushing Nifty over 50,000 (03-11-2024)
According to data from trade association NASSCOM, the sector’s revenue reached $254 billion in the year ending March 2024, with exports touching $200 billion. Management consulting company Gartner, meanwhile, forecasts that India’s IT spending will grow by 12.2% to reach $146 billion in 2024 and $203 billion by 2028.
Mcap of 6 of top-10 most valued firms jump ₹1 lakh crore; State Bank, ICICI Bank top gainers (03-11-2024)
Reliance Industries remains the most valuable firm of the country followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, ITC, Hindustan Unilever and LIC