Nifty99000 100%

Sensex99000 100%

Exclusive

Eight of top-10 firms add Rs 1.34 lakh cr in m-cap

Author: PTI/Wednesday, November 6, 2019/Categories: Exclusive

Rate this article:
No rating
Eight of top-10 firms add Rs 1.34 lakh cr in m-cap

Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation (m-cap) for the week ended Friday, while Kotak Mahindra Bank and ICICI Bank finished with losses.

The market valuation of Tata Consultancy Services (TCS) jumped Rs 28,893.36 crore to Rs 8,26,293.87 crore.
Infosys' m-cap soared by Rs 24,704.61 crore to Rs 2,98,535.04 crore, while State Bank of India (SBI) gained Rs 28,469.51 crore to Rs 2,79,786.57 crore.

RIL's m-cap zoomed Rs 16,671.95 crore to Rs 9,23,613.71 crore while that of Hindustan Unilever Limited (HUL) spurted Rs 7,977.33 crore to reach Rs 4,71,864.08 crore.

HDFC's market valuation advanced by Rs 4,428.96 crore to Rs 3,67,534.58 crore, and ITC added Rs 16,525.33 crore to its valuation to stand at Rs 3,21,045.99 crore.
The valuation of HDFC Bank increased by Rs 6,739.43 crore to reach Rs 6,78,932.19 crore.

On the other hand, the m-cap of Kotak Mahindra Bank dipped Rs 1,456.04 crore to Rs 3,01,837.35 crore while that of ICICI Bank plunged Rs 4,519.55 crore to Rs 2,98,535.04 crore.

In terms of ranking of the top-10 firms, RIL retained the top spot, followed by TCS, HDFC Bank, HUL, HDFC, ITC, Kotak Mahindra Bank, ICICI Bank, Infosys and SBI. During the week, the Sensex rose by 1,106.97 points or 2.83 per cent.

Foreign institutional investors (FIIs) purchased a Rs 533.37 crore in the capital market, on Friday, while domestic institutional investors sold shares worth Rs 136.50 crore, data available with stock exchange showed. According to experts, better liquidity from FIIs and mutual funds will maintain a positive sentiment in the market given de-escalation in geopolitical risks and focus on upcoming reforms to revive growth.

Globally, bourses in Shanghai, Hong Kong and Seoul were trading higher on optimism over the US-China trade deal after China's commerce ministry on Saturday announced that top Chinese and US trade negotiators "reached consensus on principles". Indices in Tokyo, however, were in the red.

Shares on Wall Street too ended higher after data showing the US economy continued to add jobs at a steady clip despite turbulence from the trade war with China. PTI

Print

Number of views (127)/Comments (0)

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free