In a triumphant display of resilience, Indian benchmark indices powered through the current week, extending their bullish run for the fifth consecutive week, representing the longest weekly advance in CY24 so far. The recent indications of a potential rate cut by the US Federal Reserve, a rebound in FPI inflows, […]
Infosys
Rahul Ghose, the CEO of Hedged.in, believes that while the Nifty 50 may continue its positive momentum, it may not yield similar returns as in the last six months. He expects to see a consolidation in the broader indices. Nifty 50 can be in a broader range of 25,000 on […]
The market capitalisation of nine out of the top ten most valued companies in the Indian stock market collectively added ₹2,89,699.42 crore to their market valuation last week, with Reliance Industries emerging as the top gainer. This rise aligns with a broader rally in equities. The BSE benchmark index saw […]
The Indian market is experiencing relentless bullish momentum characterized by a series of record highs, frequent milestone achievements, and the establishment of new benchmarks. On Thursday, June 27, the benchmark Nifty breached the 24,000 mark for the first time. Continuing the rally, the Nifty 24,100 points for the first time, […]
Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. HDFC Bank and ICICI Bank emerged as the largest gainers. The BSE benchmark Sensex rose by 217.13 points or 0.28 per cent over the week. Among the top-10 […]
Global technology giant Accenture’s latest earnings sparked excitement among investors in Indian IT stocks. In Q3 FY24, Accenture clocked constant-currency (CC) revenue growth of 1.4% year-on-year, slightly above the mid-point of its adjusted guidance band. Accenture follows a September-August financial year. The Indian IT sector has been grappling with uncertain […]
During the period, the BSE benchmark Sensex rose by 299.41 points or 0.39 per cent, reaching an all-time high of 77,145.46 on June 13. Among the gainers were Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and LIC, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, Hindustan Unilever, […]
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Eight of India’s ten most valued companies collectively gained ₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers. Overall, RIL maintained its position as the most valued company, followed by TCS, […]
IT stocks, including TCS, Infosys, HCL Tech, and Tech Mahindra, traded with healthy gains in early trade on Friday, June 7, boosting their sectoral index, Nifty IT. The Nifty IT index was 2 per cent up, while the equity benchmark Nifty 50 was 0.5 per cent up at 9:40 am. […]