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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 Despite an over 17 percent decline in the last 1 year, global brokerage house Goldman Sachs has stated that the recent sell-off in Reliance Industries Ltd. (RIL) shares is “overdone,” with the stock price now nearing its “bear case” valuation. The brokerage firm reiterated its “buy” rating on RIL while reducing its…
Source: Live Mint Reliance Industries, India’s most valuable company by market capitalization, on Thursday, January 9 declared the date for the release of its earnings for the third quarter of financial year 2024-25 (Q3 FY25). Reliance Industries will announce its Q3 FY25 results next week on Thursday, January 16. Read Full Article
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,…
Source: Live Mint With many key events now behind, the Indian stock markets face a challenging year ahead. The benchmark indices Nifty 50 and Sensex are already down nearly 9-10% from their all-time highs reached in September, bringing them close to correction territory. Key headwinds such as foreign institutional outflows, uncertainty over central banks’ rate…
Source: Live Mint Mukesh Ambani-led Reliance Industries Limited (RIL) has acquired a 74% equity stake in Navi Mumbai IIA Private Limited (NMIIA) for ₹1,628.03 crore, it said in a stock exchange filing on Friday. The oil-to-chemical conglomerate has acquired 57.12 crore equity shares representing 74% of Navi Mumbai IIA Private Limited (NMIIA) at Rs. 28.50…
Source: Live Mint The combined market valuation of six out of the top 10 most-valued Indian companies soared by ₹2,03,116.81 crore last week, reflecting an optimistic sentiment on Dalal Street. Tata Consultancy Services (TCS) and HDFC Bank emerged as the biggest gainers, riding the wave of a bullish trend that saw the BSE Sensex climbing…
Source: Live Mint Indian stock market ended another day in the green, fueled by the BJP and its allies securing a decisive victory in the Maharashtra state elections, providing a much-needed boost to the markets, which had been under pressure from weak Q2 earnings and persistent FPI selling. The Nifty 50 extended its winning streak…
Source: Live Mint Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Investors turned wealthier by ₹7.27 trillion in Friday’s relief rally. The recovery was marked by short covering and buying in large-cap stocks…
Source: Live Mint Stocks To Buy: The Nifty 50 has seen a sharp correction, falling almost 11 per cent from its September 2024 peak, driven primarily by sustained outflows from foreign institutional investors (FIIs) and concerns over underwhelming corporate earnings. Amid this market volatility, brokerage firm JM Financial has identified 39 stocks—spanning large-cap, mid-cap, and…
