Stock market ends lower amid selling in select heavyweights
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
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 the top 10 domestic firms eroded sharply by Rs 4.48 lakh crore last week. Major banks, including the State Bank of India and HDFC Bank, took the biggest hit.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
At close, the Sensex was down 1,097 points or 1.37% at 78,918.90, and the Nifty was down 315.45 points or 1.27% at 24,450.45.
They also emphasised the need for the central bank to strengthen its supervisory mechanisms to detect such frauds early and effectively.
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.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
The top gainers from the pack were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Bajaj Finance.
ICICI Bank reported a 14.8% year–on–year (Y-o-Y) increase in net profit to Rs 11,792 crore in the quarter-ended December (Q3FY25), due to steady growth in net interest income (NII) and a robust increase in non-interest income, according to an official release.
