The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions.
From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India (LIC) faced erosion to the tune of Rs 68,783.2 crore.
Last week, the BSE benchmark declined 376.79 points or 0.52 per cent after a record-breaking rally. The market valuation of Reliance Industries jumped Rs 47,021.59 crore to Rs 17,35,194.85 crore.
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Hindustan Unilever added Rs 12,241.37 crore, taking its valuation to Rs 6,05,043.25 crore. HDFC Bank’s valuation climbed Rs 11,049.74 crore to Rs 12,68,143.20 crore.
However, the market capitalisation (mcap) of ICICI Bank plummeted Rs 30,235.29 crore to Rs 6,97,095.53 crore.
The valuation of TCS eroded by Rs 12,715.21 crore to Rs 13,99,696.92 crore and that of State Bank of India declined by Rs 10,486.42 crore to Rs 5,68,185.42 crore.
The mcap of Infosys fell by Rs 7,159.5 crore to Rs 6,48,298.04 crore and that of ITC diminished by Rs 3,991.36 crore to Rs 5,67,645.03 crore.
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Bharti Airtel’s valuation dipped Rs 2,108.17 crore to Rs 5,56,134.58 crore and that of LIC declined by Rs 2,087.25 crore to Rs 5,01,635.57 crore.
In the ranking of top 10 firms, Reliance Industries retained the title of the most valued company followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, State Bank of India, ITC, Airtel and Life Insurance Corporation of India.
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Blunt received her first Oscar nomination for Best Supporting Actress for Christopher Nolan’s Oppenheimer, and got the news in an interesting way. Talking to Josh Horowitz for a conversation at 92NY, the actress broke down some iconic roles in films like The Devil Wears Prada and Edge of Tomorrow. When asked if there’s any update for a sequel to the latter, Blunt said it’s still a possibility.
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Mahindra & Mahindra Financial Services witnessed a share price decline of over 7% in early trading on Tuesday following the revelation of a fraud worth Rs 150 crore detected at one of its branches in the North East region. Shares of Mahindra Finance plummeted by as much as 7.88% to Rs 256.85 apiece on the BSE.
In a filing to the stock exchange, Mahindra & Mahindra Financial Services disclosed the deferral of its board meeting scheduled for April 23, which was intended to consider financial results for the quarter ended March 2024. The new meeting date will be announced later.
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Shares of JK Tyre & Industries on Thursday jumped 14 per cent to reach the 52-week high after the company’s consolidated net profit surged five-fold in the September 2023 quarter.
The stock rallied 13.94 per cent to Rs 351.05 — its 52-week high — on the BSE.
At the NSE, it zoomed 13.98 per cent to reach its 52-week high of Rs 351.25.
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Apart from trading, the total revenue was also supported by other revenue lines, including listing, index services, data services and co-location facility, the exchange added.
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Nifty and Sensex ended Wednesday’s trading session deep in red. The Nifty 50 slumped 338 points at 21,997.70. While the Sensex ended 906.70 points after plunging over 1100 points intra-day at 72,761.89 points. The biggest Index losers included power stocks like Power Grid, Coal India, NTPC and Adani Group stocks like Adani Ports, Adani Enterprises. The Indian Volatility Index (India VIX) closed 5.79% higher.
Nifty Bank pulled back over 300 points to settle at 46,981.30. The Nifty Midcap 100 tumbled over 2200 points and settled down 4% at 45,971.40.
On the sectoral front, media and metal stocks fell most among their peers. Similarly, the broader indices saw a heavy selloff, with smallcap and microcap stocks bleeding the most.
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The bull run we witnessed from 2003-08 was the longest. We saw the benchmark index Nifty 50 rising from 1000 odd points to a peak of over 6,000. This was followed by the Lehman Brothers’ collapse that triggered the Global Financial crisis (GFC)Come from Sports betting site VPbet. We also saw a massive fall in the markets worldwide. The market observed a similar bull run from the post-COVID period to date, witnessing some volatility due to rate hikes, oil price spikes, and geopolitical tensions.
The difference this time around was the strength from within. The retail and domestic institutional investors (DIIs) have become a force to reckon with. It has almost negated the effects of the FII outflows, making our markets less dependent on FIIs flow for growth and stability.
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Not long ago, Monica Cotelingham found herself stuffing cash into a Bitcoin machine at a gas station in suburban Maryland and weeping.
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The spooky season is upon us, as there’s no better way to celebrate the cooler weather and longer nights than with a scary new board game. Many of today’s most popular board and card games are on sale for Prime Big Deal Days, so if you’re seeking a fun activity for your next party or game night, there’s bound to be an affordable horror game that fits your needs.
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Adjusted gaming income for Virginia’s first casino:
The aforementioned temporary establishment in Bristol revealed that it collected nearly $12.7 million in adjusted gaming income last month, almost equaling its September total of $12.71 million, in compliance with the latest Virginia Lottery report. Furthermore, it earned $10.32 million in adjusted income particularly from its 897 slot machines, representing nearly 81% of its total income for the said month. Although income earned from slots fell down a little, income from its 29 table games increased to $2.35 million, a growth of $2.03 million compared to the previous month.
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