Eight of the top-10 highest valued companies saw their combined market value decrease by Rs 2,24,630.45 crore in the previous week, with Reliance Industries and HDFC Bank experiencing the largest declines, following the negative trend in equities.The BSE benchmark index declined by 1,497.2 points, or 1.84 per cent last week.Among the top-10 companies, eight firms…
Gold rate today: Gold prices fell Rs 400 to Rs 1,00,020 per 10 grams in the national capital on Wednesday amid sustained selling by stockists, the All India Sarafa Association said. The yellow metal of 99.9 per cent purity had ended at Rs 1,00,420 per 10 grams in the previous session.In line with the weakness,…
NEW DELHI: Six of the country’s 10 most valued companies saw a combined erosion of Rs 1,36,151.24 crore in market capitalisation last week, dragged down by weak sentiment in equity markets, with Reliance Industries suffering the steepest loss. The BSE Sensex fell for the sixth straight week, shedding 742.12 points or 0.92 per cent, while…
Gold price today: Gold prices declined by Rs 700 to Rs 98,420 per 10 grams in the national capital on Wednesday, tracking weak global cues amid reduced expectations of a near-term rate cut by the US Federal Reserve. According to the All India Sarafa Association, gold of 99.9% purity had settled at Rs 99,120 in…
According to reports, Tesla still trades at huge premiums, as measured by forward price-to-earnings ratios. March 10 was a brutal day for Elon Musk-the world’s wealthiest person . Tesla’s stock took a sharp nosedive, his social media platform X (formerly Twitter) suffered widespread outages due to what he called a “massive cyberattack,” and protests against…
NEW DELHI: Bank credit and deposit growth slowed in the October-December quarter of 2024, according to data released by the Reserve Bank of India. In December 2024, the annual bank credit growth fell to 11.8 per cent, against the 12.6 per cent recorded in September 2024. Similarly, aggregate deposit growth eased to 11 per cent…
According to Nagaraj Shetti of HDFC Securities, if Nifty decisively breaks below 22,800 support levels, it could reach around 22,450 levels. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, tanked in opening trade on Monday before recovering a bit. While BSE Sensex fell over 600 points, Nifty50 went below…
Lingering inflationary pressures and the transition to the Trump administration have introduced additional variables into the Fed’s calculus. US stock markets endured one of their most severe declines of the year on Wednesday after the Federal Reserve signaled a shift in its monetary policy trajectory. The S&P 500 fell 2.9%, narrowly missing its largest loss…
MUMBAI: Foreign investors, who earlier this week had turned net buyers of Indian stocks after nearly two months, sold aggressively on Thursday to pull the sensex down by 1,190 points to 79,044. Except for SBI that closed marginally higher, all 30 sensex constituents closed in the red. The day’s selling left investors poorer by Rs…