HDFC share news: After the $40 billion reverse merger deal concerning the HDFC twins, the new shares of HDFC Bank that were issued to shareholders of HDFC Ltd have listed on the bourses of the country on Monday. With this, the bank has secured a spot in the exclusive global club of companies with $100 billion market capitalisation, Economic Times reported., Companies News, Times Now
M-cap of nine of 10 most-valued firms tanks Rs 1.33 lakh crore
Hindustan Unilever Ltd was the biggest loser with its market cap plunging by Rs 34,914.58 crore to reach Rs 5,42,292 crore at close on Friday. Tata Consultancy Services lost Rs 30,887.07 crore in valuation to Rs 11,50,331 crore
PTI | April 25, 2021 | Updated 11:30 IST
Nine of the 10 most valued companies witnessed a combined erosion of Rs 1,33,433.64 crore from market valuation in-tandem with a weak broader market trend last week.
Hindustan Unilever Ltd was the biggest loser with its market cap plunging by Rs 34,914.58 crore to reach Rs 5,42,292 crore at close on Friday. Tata Consultancy Services lost Rs 30,887.07 crore in valuation to Rs 11,50,331 crore.
BENGALURU (Reuters) - Indian shares extended their post-budget gains to a second session on Tuesday, led by advances in finance and infra stocks, as investors cheered the government s move to step up spending to aid the economy s recovery from the COVID-19 pandemic. The NSE Nifty 50 index rose 2.14% to 14,586.55 by 0352 GMT, while the benchmark S&P BSE Sensex was up 2.1% at 49,621.80. Both the indexes had gained 4.7% and 5%, respectively, after the federal budget was announced on Monday. India boosted healthcare spending by 135%, lifted caps on foreign investment in its vast insurance market, and increased capital expenditure for 2021/2022 by 35% in its federal budget.