Dedicated emerging market (EM) foreign investors, Wood noted, may no longer be ‘overweight’ on India given a combination of sustained outperformance and strong domestic inflows prompting a potential shift in foreign investor sentiment. However, Chris Wood continues to have a positive structural view on India’s domestic demand cycle. Another reason […]
HDFC Bank
Last week witnessed significant market valuation gains, with eight of the top-10 most valued firms collectively adding ₹1,47,935.19 crore. Notably, Life Insurance Corporation of India (LIC) and Reliance Industries stood out as the primary beneficiaries of this surge. During the same period, the BSE benchmark surged by 1,341.47 points, marking […]
However, in the second half of today’s trade, the market took a U-turn, led by gains in bluechip stocks, rise in broader markets as well as in most sectoral indices. The Sensex jumped as much as 611 points to its day’s high of 74,070.84, surpassing the crucial 74,000 levels while […]
A significant 77.5% of this investment was concentrated in just 10 companies. HDFC Bank took the lead with mutual funds increasing their stake from 16.28% in FY22 to 23.17% in FY24, marking an impressive investment of ₹1.2 trillion and a 6.9% increase. Reliance Industries also witnessed a robust increase, with […]
Last week saw a collective decline in the market valuation of six out of the top-10 most valued companies, amounting to a substantial ₹1,73,097.59 crore. This trend was largely influenced by weak equities, as indicated by the BSE benchmark plummeting by 1,213.68 points or 1.64 percent during the same period. […]