Market valuation of 4 of top-10 firms surge by Rs 2.20 lakh crore
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
Hindustan Unilever added Rs 5,462.81 crore taking its mcap to Rs 5,49,393.18 crore.
At the close, the Sensex settled 1,068.74 points, or 1.28 per cent, lower at 82,225.92, while the broader Nifty ended at 25,424.65, down 288.35 points, or 1.12 per cent.
The announcement comes days after Airtel Money was granted NBFC license by the Reserve Bank of India on February 13.
The combined market valuation of eight of the top 10 most valued firms jumped Rs 1,72,148.89 crore last week.
In a holiday-shortened last week, the combined market valuation of five of the top 10 most valued firms increased by Rs 60,675.94 crore. State Bank of India and HDFC Bank emerged as the lead gainers in line with a positive trend in equities.
The combined market valuation of eight of the top 10 valued firms eroded by Rs 2,07,501.58 crore last week.
The Indian stock market outlook for next week will be guided by several domestic and international cues such as retail inflation, quarterly results, US jobless claims data and others.
In the last week, the combined market valuation of eight of the top 10 most valued firms eroded by Rs 1,60,314.48 crore.
