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Mcap of 7 of top-10 valued firms erodes by Rs 1.54 lakh cr; Reliance takes biggest hit
In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent.
Mcap of 7 top valued firms erodes by ₹1.54 trn, Reliance takes biggest hit
The combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
FD Interest Rates: Private Lenders To SFBs — Top Banks Offering Highest Returns On One-Year Deposits
FDs come with flexible tenures.
India Inc deepens AI adoption to stay ahead of legal curve
Major Indian corporations are swiftly integrating artificial intelligence into their legal departments. This approach is enhancing the efficiency of contract assessments, monitoring compliance and automating routine legal tasks. Firms such as the Aditya Birla Group and Adani Group are harnessing AI technologies to reduce legal expenditures and optimise operations.
Why Stock Market Crashed At 3 PM Today? Sudden Sensex Fall Explained - NDTV
Why Stock Market Crashed At 3 PM Today? Sudden Sensex Fall ExplainedNDTVWhy did stock market crash in the final hours of trade today? Sensex, Nifty50 plunge - check top reasonsThe Times of IndiaWhy stock market crashed today? Sensex sinks 1,100 points, Nifty below 23,550. 4 key factorsThe Economic TimesClosing Bell: Nifty below 23,550, Sensex tanks 1,092 pts as auto, metal, oil & gas stocks dragMoneycontrol.comStock Market Crash News Highlights: Sensex Logs Worst May Since 2020, Nifty Worst Since 2022 As West Asia Crisis Remains An OverhangNDTV ProfitStock Market Highlights, May 27: Markets end lower amid cautious sentiment over fragile US-Iran truceBusinessLineSensex Today | Stock Market Highlights: Sensex ends 1,092 points lower; Nifty slips below 23,600CNBC TV18Sensex crashes 1,100 points, investors lose ₹6 lakh crore; what drove the stock market down today?MintStock Market Highlights: BSE Sensex tanks 1,092 points; Nifty 50 slips below 23,600The Times of India
Banks, pharma, IT: Where this CIO is placing his bets right now
Ajit Banerjee, CIO of Shriram Life Insurance, says weak monsoon forecasts, rising food inflation and elevated crude oil prices could keep markets volatile in the near term. Despite global uncertainty, he remains cautiously optimistic on India, favouring large-cap banks, pharma, IT, FMCG and upstream oil & gas stocks. Banerjee believes India can still deliver returns if crude remains in the $85-90 range and earnings growth improves.
Listed banks earned a record profit of ₹4 lakh crore in FY26
Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.
Listed banks earned a record profit of ₹4 lakh crore in FY26
Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders SBI, HDFC Bank, and ICICI Bank contributed over half of this aggregate. Private banks slightly outpaced state-run banks in profit share. This growth faced headwinds from rising bond yields and a cap on net open positions.
Q4 earnings roundup: Raymond Realty, MCX among 19 companies that delivered 100%+ growth in sales and PAT
A select group of 19 large-cap BSE-listed companies achieved triple-digit growth in both profit and revenue during Q4FY26, indicating strong business momentum. Raymond Realty and 63 Moons Technologies were among the top performers, showcasing robust execution and demand. While many firms saw significant profit jumps, only a few managed to double both revenue and profit simultaneously.
Zydus Life hikes buyback price to ₹1,260; cuts size to 87.30 lakh equity shares
The buyback price has been increased from ₹1,150/share to ₹1,260; the maximum number of equity shares proposed to be bought back has been reduced from 95.65 lakh to 87.30 lakh. Shares of Zydus Lifesciences Ltd ended at ₹1,085.95, up by ₹7, or 0.65%, on the BSE today, May 27.
Aditya Birla Fashion: Motilal Oswal Trims Target Price Despite Strong Q4 Results — Here's Why
Aditya Birla Fashion delivered a strong Q4, with 16% YoY revenue growth and 29% YoY comparable Ebitda growth, driven by a healthy growth in Pantaloons and losses reducing in TCNS and TMRW.
Sensex falls 70 points, Nifty below 23,900 as US-Iran tensions simmer
Indian stock markets opened lower on Wednesday. Sensex and Nifty saw minor declines. Investors are watching US strikes on Iran and their effect on peace deal hopes. Broader markets are performing better. India VIX, a volatility measure, dropped. Top Sensex losers included HDFC Bank and Infosys. Sun Pharma shares led gains. Midcap and smallcap indices saw small gains.