India’s top 10 companies lose combined ₹1.66 lakh crore in market value; Reliance, LIC biggest laggards

India’s top 10 companies lose combined ₹1.66 lakh crore in market value; Reliance, LIC biggest laggards

In a turbulent week for Indian markets, eight of the top 10 most valuable companies saw their combined market capitalization shrink by ₹1,66,954.07 crore. This decline mirrored the overall weakness in equities, with the BSE benchmark index dropping 1,276.04 points or 1.57 per cent. Reliance Industries and Life Insurance Corporation of India (LIC) were the … Read more

Niva Bupa IPO: Will investors overlook the competition to chase growth?

Niva Bupa IPO: Will investors overlook the competition to chase growth?

Two is better than one. That’s certainly true for India’s standalone health insurance (SAHI) sector, which currently has only one listed company, Star Health and Allied Insurance Co Ltd. The upcoming listing of Niva Bupa Health Insurance Co will provide another option to investors looking to participate in the SAHI growth story. Based on net … Read more

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

Market capitalization of three of top-10 most valued firms rises by ₹1.06 lakh crore; HDFC Bank and ICICI Bank lead

Last week, during the holiday-shortened period, the combined market capitalization of three of the top-10 most valued firms surged by ₹1,06,125.98 crore. HDFC Bank and ICICI Bank emerged as the largest gainers. The BSE benchmark Sensex rose by 217.13 points or 0.28 per cent over the week. Among the top-10 firms, HDFC Bank, ICICI Bank, … Read more