The Indian market managed to carve out gains for the week even as sentiment in global markets were subdued with China crashing by nearly 5% on reports that probe into brokers had widened. The December series has started off with a positive note after a disappointing November series where the Nifty lost close to 3% on an expiry to expiry basis.
Relative outperformance from banks was overshadowed by price destruction in Pharma, IT and capital goods space after earnings and events disappointments. The combined market valuation of top eight Sensex companies surged by Rs. 31,922 crore last week, says a report. RIL's mcap rose by Rs. 10,721.28 while SBI added Rs. 5,084.62 crore to its valuation. Sun Pharma gained Rs. 3,236.65 crore while Infosys market cap was up by by Rs. 3,077.91.
HDFC Bank's valuation rose by Rs. 2,457.71 crore while Coal India saw its market cap rising by Rs. 1,831.74 crore. ONGC added Rs. 1,368.88 crore to its valuation. On the flip side, TCS's saw value erosion to the tune of Rs. 8,453.14 crore. ITC also shed some market weight over the weeek.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717
0 comments:
Post a Comment