Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. HDFC Bank and ICICI Bank emerged as the largest gainers. The BSE benchmark Sensex rose by 217.13 points or 0.28 per cent over the week. Among the top-10 firms, HDFC Bank, ICICI Bank, … Read more

When mkt crashes, defensives like HUL, Nestle, Hero stand tall

When mkt crashes, defensives like HUL, Nestle, Hero stand tall

On a day when several stocks hit the lower circuit triggering a trading halt, there were some fast-moving consumer goods and auto names that stood tall. This hints at investors fleeing to defensive bets in a highly volatile market. On Tuesday, India VIX jumped 28%. Shares of Hindustan Unilever Ltd, Nestle India Ltd, Britannia Industries … Read more