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The combined market valuation of six of the top-10 most-valued firms increased by Rs 2,03,116.81 crore last week, driven by gains from Tata Consultancy Services (TCS) and HDFC Bank. The BSE benchmark rose by 1,906.33 points, or 2.38%, while the NSE Nifty climbed 546.7 points, or 2.26%. TCS's market valuation surged by Rs 62,574.82 crore, reaching Rs 16,08,782.61 crore.
Nifty and Sensex traded flat on December 6 as the RBI maintained the repo rate at 6.5% for the eleventh consecutive time, while cutting the CRR by 50 basis points to inject Rs 1.16 lakh crore into the system. PSU banks, auto, and FMCG stocks gained, with Bajaj Auto, Axis Bank, Titan Company, BPCL, and ITC leading the Nifty's top gainers. The market showed resilience amid a choppy session, with 2,076 shares advancing against 1,289 declining.
Nifty and Sensex opened flat on December 6 as investors awaited the RBI MPC meeting outcome. While auto and FMCG stocks gained, IT and realty sectors weighed down the indices. The Sensex fell 61 points to 81,704.86, and Nifty dropped 19.90 points to 24,688.50, with a mixed market breadth.
The stock market experienced a significant rebound, with the Sensex rising by 1,961.32 points (2.54%) to 79,117.11 and the Nifty up by 557.35 points (2.39%) to 23,907.25. Key sectors such as IT, PSU banks, and realty saw gains of 2-3%, driven by stocks like State Bank of India and TCS. Analysts noted that the rally was fueled by short covering in underperforming sectors ahead of crucial state election results, with potential for further gains or volatility depending on the election outcome.
The Q2 earnings season is in full swing, with major companies like TCS, HCL Technologies, and Infosys having reported their results. Today, firms including Maruti Suzuki, Adani Enterprises, and Cipla are set to announce their earnings. Notably, Honeywell Automation and Godrej Agrovet reported profit declines of 5.6% and 7.8%, respectively.
ITC
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Top Firms Gain Rs 2 Lakh Crore as TCS and HDFC Bank Lead
HDFC Bank Ltd
Hindustan Unilever Limited
Life Insurance Corporation of India
Tata Consultancy Services Limited
Reliance Industries Ltd
ICICI Bank Ltd
State Bank of India
Infosys Ltd
Bharti Airtel Ltd.
ITC
IND
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07:01 08.12.2024
RBI Holds Repo Rate Steady as PSU Banks Gain Amid Market Fluctuations
08:21 06.12.2024
Nifty and Sensex Open Flat as Investors Await RBI MPC Meeting Outcome
05:09 06.12.2024
tock market surges as key sectors rebound ahead of election results
TCS
State Bank of India
UltraTech Cement Limited
ITC
Titan Company Limited
IND
Jay Thakkar
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13:27 22.11.2024
Q2 earnings season underway with major companies reporting financial results
Zomato Limited
Biocon Limited
HUL
Havells India Limited
Axis Bank Limited
Tech Mahindra Limited
Bharti Airtel Limited
PVR INOX Limited
Bajaj Auto Limited
V-Mart Retail Limited
Reliance Industries Limited
Cipla Limited
BPCL
The Tata Power Company Limited
TVS Motor Company Limited
ITC
HCL Technologies Limited
Piramal Pharma Limited
Nestlé India Limited
Paytm
Procter and Gamble Hygiene and Health Care
Aditya Birla Capital Limited
Adani Enterprises Limited
Coal India Limited
Marico Limited
Wipro Limited
ICICI Bank Limited
Infosys Limited
Maruti Suzuki India Limited
Dabur India Limited
HDFC Bank Limited
Larsen & Toubro Limited
Apple Inc.
Punjab National Bank
JSW Steel Limited
Tata Consultancy Services Limited
IND
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07:06 29.10.2024
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