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Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint The combined market capitalization of six out of the ten most valuable companies surged by ₹1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the top gainers, aligning with the positive trend in equities. During the week, the BSE benchmark rose by 354.23 points (0.45%), while the Nifty gained…
Source: Live Mint Stock markets celebrated the Donald Trump administration’s pause on tariff hikes on Canada and Mexico, adding nearly ₹6 trillion of wealth as investors bet that a full-fledged trade war is unlikely. In the best day for the stock markets in a month, the Nifty ended up 1.6% at 23,739.25, while the Sensex…
Source: Live Mint The big boys of the Indian IT sector plan to ramp up hiring in the next financial year (FY26), driven by green shoots in demand and signs of healthy economic growth in key Western markets. In the recently concluded December quarter, the big four IT companies—TCS, Infosys, HCL Technologies, and Wipro—announced their…
Source: Live Mint Even though the December quarter (Q3FY25) earnings of domestic IT majors TCS, Infosys, HCL Tech, and Wipro were mixed, they did not bring many disappointments. This has raised hopes that the worst may be behind for the IT sector. While it might be too early to draw definitive conclusions, experts remain largely…
Source: Live Mint Stock market today: India’s main stock indices dropped on Friday, primarily due to declines in IT giant Infosys and private lender Axis Bank following their quarterly earnings reports. Conversely, Reliance Industries Ltd surged almost 5% after announcing a 7.4% increase in net profit for the December quarter. The leading stock rose 4.44…
Source: Live Mint IT major Infosys posts 11.4% YoY rise in net profit to ₹6,806 crore Read Full Article
Source: Live Mint The combined market capitalization of five of the top-10 most-valued companies fell by ₹1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed…
Source: Live Mint The third quarter earnings season kicked off last week with Tata Consultancy Services (TCS) announcing its Q3 results on January 9. Investors are expected to closely monitor the earnings reports for the December quarter (Q3FY25) that will be released next week, with over 60 companies set to announce their results between January…
Source: Live Mint The combined market capitalisation of four of the top 10 most valuable companies declined by ₹96,605.66 crore last week, with HDFC Bank experiencing the sharpest loss. Among the top firms, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, and State Bank of India saw their valuations decrease, while Reliance Industries, Bharti Airtel,…
