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Market cap of 7 most valued stocks jumps a whopping Rs 1.6 lakh crore


Market cap of 7 most valued stocks jumps a whopping Rs 1.6 lakh crore
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Last Updated: May 02, 2021, 05:29 PM IST
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Synopsis
ICICI Bank added Rs 21,033.34 crore taking its valuation to Rs 4,15,348.35 crore and State Bank of India witnessed a rally of Rs 15,171.83 crore to reach the market capitalisation of Rs 3,15,440.39 crore.
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While Reliance Industries, Infosys, Hindustan Unilever Limited, ICICI Bank, Kotak Mahindra Bank, Bajaj Finance and State Bank of India emerged as gainers, Tata Consultancy Services, HDFC Bank and HDFC took losses in their market capitalisation (m-cap).
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NEW DELHI: Seven of the top-10 most-valued companies together added a whopping Rs 1,62,774.49 crore in market valuation last week, with major contribution coming in from Reliance Industries Ltd and Bajaj Finance. Last week, the 30-share BSE benchmark gained 903.91 points or 1.88 per cent. ....

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HDFC Life Insurance Q3: Expect VNB margins to improve, demand for Insurance products to rise


Updated Jan 25, 2021 | 14:04 IST
Cautiously optimistic on VNB margin and expect it to exceed last year level of 25.9%. Demand for Insurance products will rise, says Vibha Padalkar, MD & CEO, HDFC Life Insurance.
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Key Highlights
Need to separately carve out section for insurance, pension and savings in budget
Deduction of purchase price that customer has paid to buy annuity will be good if it comes in budget
HDFC Life Insurance reported a slightly mixed performance in Q3. During Q3 FY21(October-December quarter) quite a few parameters like VNB margins, market share, new business APE and persistency trends improved along with cost control. ....

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HDFC stock falls after Sebi imposes Rs 1 cr fine for violating directions


Shares of HDFC Bank on Friday fell by over 1 per cent in the late morning trade after Sebi imposed a penalty of Rs 1 crore for invoking securities pledged by stock broker BRH Wealth Kreators in violation of the regulator s interim directions.
On the BSE, shares of the private lender were trading at Rs 1,453.35 apiece, falling 1.39 per cent over the previous close.
Likewise, on the NSE, the stock was trading at Rs 1,453.6, down 1.43 per cent.
In an order on Thursday, Sebi noted that the instant proceedings have essentially arisen on account of non-conformity by HDFC Bank with the directions contained in the interim order issued by Sebi against BRH Wealth Kreators and other entities on October 7, 2019. ....

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Market Movers: HDFC, Bajaj twins, metals soar; 29 stocks gave buy signal


Market Movers: HDFC, Bajaj twins, metals soar; 29 stocks gave buy signal
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The Nifty50 index ended 1.7 per cent, or 239.9 points, higher at 14,521.15 points, while Sensex closed at 49,398.29, up 1.7 per cent, or 834.02 points.
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Shares of metal companies rebounded sharply after Monday’s steep correction as investors were enthused by prospects of higher fiscal stimulus and the strong economic growth in China. Nifty Metal index rose nearly 3 per cent.
MUMBAI: After a two-day selling bout, benchmark indices rebounded with some menace today as they clocked their best one-day performance since November 9 helped by optimism for more fiscal stimulus in the US and positive cues from global markets. ....

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