Eight of India’s top-10 most valued firms saw their market capitalizations (Mcap) surge by a combined Rs 1,83,290.36 crore last week, buoyed by a rally in equities led by IT giants Tata Consultancy Services (TCS) and Infosys.
The BSE benchmark index jumped 963.87 points, or 1.21%, during the week.
TCS, the largest gainer among the top-10 firms, saw its market valuation rise by Rs 38,894.44 crore to reach Rs 14,51,739.53 crore. Infosys followed closely, adding Rs 33,320.03 crore to its mcap, which stood at Rs 6,83,922.13 crore by the end of the week.
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Reliance Industries’ market capitalization climbed by Rs 32,611.36 crore to Rs 21,51,562.56 crore, while ICICI Bank’s valuation zoomed by Rs 23,676.78 crore to Rs 8,67,878.66 crore.
Among other firms, Life Insurance Corporation of India (LIC) saw its market cap rally by Rs 16,950.99 crore to Rs 6,42,524.89 crore, and Hindustan Unilever surged by Rs 16,917.06 crore to Rs 5,98,487.89 crore.
ITC’s market capitalization rose by Rs 10,924.13 crore to Rs 5,41,399.95 crore, while State Bank of India’s valuation climbed by Rs 9,995.57 crore to Rs 7,67,561.25 crore.
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However, HDFC Bank’s market cap fell by Rs 26,970.79 crore to Rs 12,53,894.64 crore, and Bharti Airtel’s declined by Rs 8,735.49 crore to Rs 8,13,794.86 crore.
Reliance Industries retained its position as the most valued firm, followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.
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Fast X has made another personnel change in adding new cast member Alan Ritchson (Jack Reacher, Titans). Deadline was the first to report.
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It looks like Rockstar’s Grand Theft Auto V is finally slowing down in terms of its sales pace Come from Sports betting site VPbet . For parent company Take-Two’s latest quarter (July-September), GTA V shipped fewer than 1 million units.
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Outcry over unchecked antisemitic content and commentary on social media site X, some of it endorsed by the platform’s owner Elon Musk, reached a tipping point on Friday, with large advertisers such as Apple Inc. pulling ads and the White House chastising the billionaire.
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Motilal Oswal’s latest report on the capital market highlights a notable surge in demat account registrations during February. According to estimates, approximately 43 lakh new demat accounts were added, pushing the overall tally to 14.80 crore accounts. This uptick contrasts with the average monthly additions of 21 lakh accounts witnessed in FY23.
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By Mr. Ajit Mishra
Markets have been maintaining a positive tone and inching gradually towards their record high. The majority of the sectors are witnessing rotational buying, which is not only keeping the participants busy but also capping the downside in the index amid consolidation. Besides, the broader indices are also attracting noticeable interest and trading at their record-high levels.
This week is a holiday-shortened one and we expect volatility to remain high due to the scheduled expiry of November month derivatives contracts. Apart from domestic factors, we are closely eyeing the performance of the US markets for cues and indications are in favor of the prevailing up move to continue. We are expecting the Dow Jones Industrial Average (DJIA) to inch toward the previous swing high i.e. 35,679 and the 34,800-35,000 zone would restrict the decline in case of any profit taking.
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GMP
The shares of Orient Technologies were fetching a premium of 15.5% in the grey market. It is an unofficial place where shares change hands illegally ahead of listing. Market participants keep an eye on GMP to track listing gains.
Issue Size
The company wants to raise a total of Rs 214.76 crore from the investors by offering them a combination of 5.8 million fresh shares and an offer for sale of 4.6 million shares.
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Samvat 2079 was a year filled with global uncertainties, but the Indian market was able to absorb all the chaos and turn in decent returns of almost 10% — higher than the average inflation rate of 5.85%. The total investor wealth grew by Rs 46 trillion or 17% to Rs 320.3 trillion.
It was tough year globally – geopolitical tension due to the Russia-Ukraine war and more recently, Israel-Hamas conflict. Inflation spiralled across the world leading to strong interest rate action from central bankers. US bond yields and threat of rising crude oil prices remain a worry.
Foreign portfolio investors (FPIs), who have started pulling out money in the recent months, were bullish for most part of the Samvat 79. They purchased stocks worth Rs 1.45 trillion ($17.7 billion) while domestic institutional investors pumped in Rs 1.78 trillion.
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Release date
You won’t have too long to wait, as Capcom announced at the 2022 The Game Awards that Street Fighter 6 will release on June 2, 2023.
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A new Spirit Board event is now live in Super Smash Bros. UltimateCome from Sports betting site VPbet. This event runs through April 13 and introduces several new Spirits based on Super Mario 3D World + Bowser’s Fury, the expanded Switch port of the acclaimed Wii U Mario game.
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