The combined market valuation of eight of the top 10 most valued companies surged by Rs 2,05,185.08 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers. Last week, the BSE Sensex appreciated by 1,346.5 points, or 1.62 per cent, and the NSE Nifty rose 417.75 points, or 1.64 per cent. … Read more
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened last week, with Bharti Airtel and Tata Consultancy Services taking the biggest hit, in line with the weak trend in equities. In a holiday-shortened last week, the BSE benchmark tanked 722.43 points or 0.86 per … Read more
ET Intelligence Group: Revenue growth of HCL Technologies (HCLTech) for the September quarter was better than expected while the profit growth was in line with expectations. The company resumed sequential revenue growth with a strong print of 2.4% amid demand pressure in constant currency (CC) after a gap of two quarters when it had reported … Read more
The Indian market advanced on Friday, supported by gains in financial heavyweights amid renewed foreign portfolio investor (FPI) inflows over the past three sessions. Optimism ahead of the quarterly earnings season added to the upbeat sentiment, although Tata Consultancy Services (TCS) capped broader gains after reporting weaker-than-expected September-quarter results. The S&P BSE Sensex rose 328.72 … Read more
In an exclusive conversation with ET Now, Parag Thakkar, from Fort Capital shared his perspective on Tata Consultancy Services’ (TCS) latest quarterly results, the company’s strategic shift towards AI and data centre investments, and his bullish stance on the metals and banking sectors. “We have 2.5% weight in TCS and we are not going to … Read more
Indian IT stocks could be down amid current headwinds, but they are the backbone of the domestic economy, generating millions of jobs, foreign exchange reserves while building a tech ecosystem, Gurmeet Chadha, Managing Partner & CIO at Complete Circle Consultants, said, slamming analysts who in his views are “abusing” top IT companies. He said that … Read more
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,06,250.95 crore last week, with Bajaj Finance and Reliance Industries emerging as the biggest gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark jumped 901.11 points, or 1.12 per cent, and the Nifty climbed 314.15 points, … Read more
Equity investors became poorer by Rs 9.69 lakh crore in two days of sharp fall in the stock markets, where the benchmark Sensex tumbled 1,555 points. The additional 25 per cent tariff imposed by the US on India came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 … Read more
The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the … Read more
The combined market valuation of 6 of the top-10 most valued firms diminished by Rs 2.22 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark gauge declined by 294.64 points or 0.36 per cent. “Markets ended lower for the fourth straight … Read more