The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities.
The global backdrop remains the biggest problem. US yields above 5%, a firm dollar, higher crude prices and rupee weakness make India more vulnerable.
The momentum had picked up sharply from August, after a muted first four months of FY27, as stronger listing gains and steady liquidity pulled investors
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