Mcap of five of 10 most valued firms climbs Rs 60,675.94 cr; SBI, HDFC Bank biggest winners
The market capitalization of five of the top ten firms increased last week. State Bank of India and HDFC Bank were the top gainers. Reliance Industries retained its position as the most valued firm. However, LIC, Bajaj Finance, ICICI Bank, TCS and Hindustan Unilever experienced a decline in market capitalization.
FPIs dump Indian equities worth Rs 21,000 cr in first half of Aug
Foreign investors offloaded nearly Rs 21,000 crore in Indian equities in the first half of August, bringing the year’s total outflow to Rs 1.16 lakh crore. Trade tensions, weak earnings, and a weakening rupee contributed to this trend. However, a potential credit rating upgrade and easing US-Russia tensions could improve FPI sentiment.