Market cap News
Nvidia’s latest surge wraps up an incredible year for the company.
Infosys recorded a smaller increase, with a gain of Rs 519.27 crore, bringing its total market capitalisation to Rs 6,49,739.73 crore.
The sharp correction earlier this month was triggered by US President Donald Trump’s announcement of reciprocal tariffs, which had a ripple effect across global markets, including India.
Taiwan Semiconductor Manufacturing Company (TSMC) retains its position as APAC’s largest company, boasting a remarkable market cap of $850.3 billion, a 69.7 per cent year-on-year (YoY) growth.
However, the mcap of State Bank of India climbed Rs 26,907.71 crore to Rs 7,42,126.11 crore.
According to SEBI chairperson Madhabi Puri Buch, the record valuation of Indian stocks is "an emphatic vote of confidence by foreign portfolio investors (FPI) in India's growth prospects."
Brokerage house ICICI Securities has said that India’s first USD 1trn mcap stock could emerge by 2032 driven by peak ‘PAT/GDP’ ratio.
Infosys Ltd on Thursday reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following turmoil in the US banking sector.
Tata Consultancy Services (TCS) was the lone gainer among the 10 frontline companies, while the rest nine saw their market capitalisation (m-cap) plummet for the week ended Friday.
Extending losses for the sixth straight session, the BSE benchmark Sensex tanked 1200 points.
Seven of the top-10 most valued Indian firms together added Rs 40,799.71 crore in market valuation last week, led by RIL that emerged as the biggest gainer
Seven of the 10 most valued listed companies together added Rs 49,642.58 crore in market valuation last week, with HDFC Bank stealing the show with the maximum gain.
Five of the top-10 most valued Indian companies suffered a cumulative loss of Rs 39,593.68 crore in market valuation last week, with RIL taking the steepest hit.
Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.
Boosted by a rally in stocks, the total market valuation of listed companies at the BSE regained the Rs 100 lakh crore mark.
Markets finished the day on a high note after Sensex rose to 2-month high and the Nifty settled above 7,600 in trades today
IT major Infosys has surpassed private sector lender HDFC Bank, becoming the third most valued Indian firm in terms of market valuation, with TCS leading the top 10 companies chart, followed by RIL.
The m-cap of TCS tumbled Rs 12,663.17 crore to reach Rs 5,05,048.22 crore. Rival Infosys' valuation plunged Rs 12,624.58 crore, to Rs 2,37,699.32 crore.
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