M-cap of 8 of top-10 most valued firms erodes by Rs 2 lakh crore
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 2,01,699.77 crore last week.
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 2,01,699.77 crore last week.
At close, the Sensex was down 151.48 points or 0.18% at 82,201.16, and the Nifty was down 53.60 points or 0.21% at 25,145.10.
The indices, however, recovered most of their losses during the session, thanks to gains in shares of Reliance Industries, Hindustan Unilever, and Asian Paints.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
At close, the Sensex was down 4.40 points or 0.01% at 82,555.44, and the Nifty was up 1.10 points at 25,279.80.
HUL, Sun Pharma, Dr Reddy and Bajaj FinServ were the only laggards.
The S&P BSE Sensex ended 529.36 points or 1.14 per cent higher at 46,973.54 with Axis Bank being the top gainer, rising around 3 per cent.
1. ONGC led the losers by tanking around 9 per cent. IndusInd Bank, M&M, SBI, NTPC, ITC, Axis Bank and PowerGrid shed up to 7 per cent. 2. India has suspended all flights from the UK between December 23-31.
IndusInd was the top laggard in the Sensex pack, shedding 3 per cent, followed by HDFC, ONGC, Kotak Mahindra, Bajaj Finance, Maruti Suzuki and Bharti Airtel.
SBI in a research report raised India's GDP growth forecast to (-) 7.4 per cent in FY21 from previously predicted (-) 10.9 per cent.
