The Indian stock market exhibited a mixed trend last week when six of the top 10 most valued companies saw their market valuation jumping significantly. The collective market capitalization of these six firms along with HDFC Bank, Bharti Airtel, and Infosys rose a staggering Rs 1,18,151.75 crore.HDFC Bank and Bharti Airtel emerged as major beneficiaries of the session. This added Rs 32,639.98 crore to their market value and Rs 31,003.44 crore to their market value respectively. HDFC Bank’s value touched a whopping Rs 13,25,090.58 crore, whereas Bharti Airtel value is at Rs 9,56,205.34 crore.“I see the recent trends in the Indian market with lots of caution since I am an old stock investor. All is going in the right direction. Rising market valuations of key players in HDFC Bank, Bharti Airtel, and Infosys are really great positive signs suggesting increased investor confidence in those sectors.Of course, I am equally concerned about the erosion in valuation of other top-10 firms like TCS, State Bank of India, and Hindustan Unilever. The fact is, volatility means the market is still navigating through choppy waters and investment decisions must be taken with caution.The Indian market varies from sector to sector, and it’s also evident that the sectors are behaving differently. So, while certain sectors like banking and telecom have been doing alright, there has been headwind in others, such as IT and FMCG. An investor needs to study all these trends in sectors minutely and readjust the strategy of investment based on this reading.I shall now wait and watch, close on the lookout for market and economic trends, with diversification in the portfolio so that one may avoid the risk and obtain optimum returns. For the long term, I am very positive on the Indian market, while caution will remain my mantra for the short run.” – Mr. Ranajoy , Stock Market Analysist and Investor discussed this with True to life journalist.Other gainers of the list among top 10 are Bajaj Finance, Infosys, Reliance Industries, and ICICI Bank. The market capitalization for Bajaj Finance increased by Rs 29,032.08 crore to Rs 5,24,312.82 crore and Infosys jumped by Rs 21,114.32 crore to Rs 7,90,074.08 crore.Reliance Industries, the most-valued domestic firm, added Rs 2,977.12 crore in market capitalisation to Rs 17,14,348.66 crore. ICICI Bank’s market valuation rose by Rs 1,384.81 crore to Rs 8,87,632.56 crore.Not everyone in the top 10 smiled their way to a market value increase, however. Tata Consultancy Services, State Bank of India, Hindustan Unilever and ITC saw a collective decline of Rs 1.15 lakh crore.ITC’s market valuation fell by Rs 39,474.45 crore to Rs 5,39,129.60 crore. That of Hindustan Unilever fell by Rs 33,704.89 crore to Rs 5,55,361.14 crore. State Bank of India fell by Rs 25,926.02 crore to Rs 6,57,789.12 crore, while TCS fell by Rs 16,064.31 crore to Rs 14,57,854.09 crore.Indian markets have shown mixed trends wherein some sectors are doing well, like the IT sector, and some sectors are not so great. Even the latest trends suggest that there is growing caution, and the market will experience further volatility in the coming days.By Anusmita Bhatta Reporting for True To Life News Media Pvt. Ltd.
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