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Promoter family to offload 2.9% stake in Suzlon Energy via block deal: Report

Promoter family to offload 2.9% stake in Suzlon Energy via block deal: Report

Economic Times4 hours ago

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M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine
M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine

Economic Times

timean hour ago

  • Economic Times

M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine

Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank Bajaj Finance , and Hindustan Unilever Ltd were the market valuation of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, the most among top-10 Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 market capitalisation (mcap) of ICICI Bank rallied Rs 9,790.87 crore to Rs 10,41,053.07 Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 market valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 Bank of India's valuation went up Rs 401.61 crore to Rs 7,25,437.74 the mcap of TCS dropped Rs 28,510.53 crore to Rs 12,24,975.89 the top-10 chart, Reliance Industries remained the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever.

FIIs turn sellers again in June, but markets ignore the Rs 3,565 cr exit
FIIs turn sellers again in June, but markets ignore the Rs 3,565 cr exit

Economic Times

time2 hours ago

  • Economic Times

FIIs turn sellers again in June, but markets ignore the Rs 3,565 cr exit

Foreign institutional investors (FIIs), after purchasing equities worth Rs 19,860 crore in May, have turned net sellers in early June. According to exchange data, FIIs sold shares worth Rs 3,565 crore in the cash market through June 6. This trend highlights their cautious stance amid global cues and domestic uncertainties. ADVERTISEMENT In sharp contrast—and unsurprisingly—domestic institutional investors (DIIs) have stepped up their buying, turning into sustained buyers on every trading day so far in June. Their cumulative purchases have reached Rs 25,510 crore, effectively offsetting the selling pressure from FIIs. This strong DII support is helping keep the markets stable despite global headwinds. FIIs have also been consistently selling in the debt market due to the narrow differential between US and Indian bond yields, analysts said. Higher yields in the US have made Indian debt less attractive, contributing to continued outflows. Meanwhile, market sentiment received a major boost from the Reserve Bank's unexpected monetary policy action. The central bank implemented a 50 basis point repo rate cut along with a 100 basis point reduction in the cash reserve ratio (CRR). VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, remarked, 'With growth prospects in the US and China looking bleak, India stands out as a resilient economy that can deliver over 6% growth in FY26. The only concern is the high valuations, which leave little room for the rally to continue.' Markets consolidated for the third consecutive week but managed to close higher, thanks to the RBI's pro-growth stance. ADVERTISEMENT Looking ahead, investors are expected to monitor key macroeconomic data, particularly CPI inflation, and the progress of the monsoon—both of which could influence rural consumption trends."Technical charts suggest that the Nifty is poised for a breakout above 25,200, which could open the door to further gains," said Ajit Mishra, SVP of Research at Religare Broking. However, support remains strong around 24,400–24,600. ADVERTISEMENT With DII inflows overshadowing FII selling and the RBI signaling confidence in growth, market experts suggest a "buy on dips" approach—while staying cautious in sectors exposed to global headwinds. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT

M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine
M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine

Time of India

time2 hours ago

  • Time of India

M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine

Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities. Last week, the BSE benchmark Sensex surged 737.98 points, or 0.90 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chuck Norris Begs Seniors: Avoid These 3 Foods Like The Plague Roundhouse Provisions Watch Now From the top-10 pack, Tata Consultancy Services (TCS) emerged as the only laggard, while Reliance Industries, HDFC Bank, Bharti Airtel , ICICI Bank , State Bank of India , Infosys , Life Insurance Corporation of India , Bajaj Finance , and Hindustan Unilever Ltd were the gainers. The market valuation of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, the most among top-10 firms. HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Live Events Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore. The market capitalisation (mcap) of ICICI Bank rallied Rs 9,790.87 crore to Rs 10,41,053.07 crore. Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore. The market valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore. Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore. State Bank of India's valuation went up Rs 401.61 crore to Rs 7,25,437.74 crore. However, the mcap of TCS dropped Rs 28,510.53 crore to Rs 12,24,975.89 crore. In the top-10 chart, Reliance Industries remained the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance , and Hindustan Unilever.

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