Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
Last week, nine of the top 10 most valued firms together lost a whopping Rs 2,09,952.26 crore from market valuation. Hindustan Unilever and Reliance Industries Limited took the biggest hit.
Reliance Industries Limited (RIL) reported quarterly consolidated revenue at Rs 2.58 lakh crore for Q2 FY25.
Revenue for Jio Platforms increased by 11.7 per cent Y-o-Y, led by robust subscriber growth of 42.4 million across mobility and homes and benefit of mix improvement in ARPU.
The market construct is favourable for consolidation around current levels and gradual up move, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The markets opened on a soft note this morning. The support for the Nifty is currently at 17,250 and as long as that holds, traders can consider a buy on dips approach for a target of 17,450."
Reliance was the top loser in the Sensex pack, plunging 2.52 per cent, followed by HUL, Asian Paints, Kotak Mahindra, Nestle, NTPC and Power Grid Corp.
Digital and omnichannel are focus areas in Retail where disclosures didn't include segmental details.
During the week, the Sensex declined 438.51 points or 0.87 per cent, while the Nifty shed 32.50 points or 0.21 per cent.
The bench also stayed the single judge order to attach assets of Future Group's Kishore Biyani and others directing them to appear in the court on April 28.
