Market valuation of 8 of top 10 most valued firms erode by over Rs 3 trillion
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
India's largest private lender HDFC Bank on Wednesday reported a 2.2 per cent rise in its net profit for Q3 this fiscal, as its gross non-performing assets (NPA) ratio rose during the quarter.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing.
India equity indices closed in the deep red on Thursday amid conflict in the Middle East.
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.