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Clues by NC Team • 20 Mar 2019, Wednesday

Oil-to-telecom major Reliance Industries retained its tag of 'largest listed firm' in India as the company hit $127 billion in market cap on March 20 intraday. The stock in the current calendar year (January-February-March) has performed far better than last whole year. It has surged 24%, so far, in 2019 against 22% in 2018. The current market capitalisation of the company stands at Rs 8,74,739.75 crore, which is equal to $127 billion, higher than that of TCS (Rs 7.6 lakh crore) and HDFC Bank (Rs 6.2 lakh crore).

Read More at Moneycontrol
Clues by NC Team • 17 Mar 2019, Sunday

8 of the 10 most valued firms together added over Rs 1,42,643 crore in market valuation last week. Reliance Industries (RIL) and HDFC Bank were the biggest gainers. TCS, HDFC, Infosys, SBI, ICICI Bank and Kotak Mahindra Bank were other gainers, while HUL and ITC suffered losses. Market value of RIL surged by Rs 35,500 crore, and HDFC Bank added nearly Rs 33,725 crore.

Read More at The Economic Times
Clues by NC Team • 16 Mar 2019, Saturday

HDFC Bank crossed the $100 billion market capitalization mark on Thursday based on the price of its American Depositary Receipts (ADRs). HDFC Bank’s market cap is now bigger than the combined market value of Japan’s No.1 financial banking group, Mitsubishi UFJ Financial, and the top German lender, Deutsche Bank. Only banks in the US, China, the UK and Canada are now valued more than India’s largest private sector lender. HDFC Bank also became the third Indian company to cross the Rs 6-lakh crore market cap on the basis of domestic share prices.

Read More at The Economic Times
Clues by NC Team • 14 Mar 2019, Thursday

HDFC Bank become the third Indian company to cross the Rs 6 lakh crore market capitalization mark on Wednesday. The other two companies are Reliance Industries and TCS. HDFC Bank hit a lifetime high of Rs 2,233 during the day before settling at Rs 2,226 per share. HDFC Bank shares were among the top gainers on the Sensex, ending the day with a market capitalisation of Rs 6.06 lakh crore. 

Read More at The Economic Times
Clues by NC Team • 13 Mar 2019, Wednesday

Bank Nifty index has hit an all-time high on March 13 after trading in a narrow range for the last two months. The rise was supported by heavyweights like HDFC Bank, Kotak Mahindra Bank, IndusInd Bank , and Axis Bank. Bank Nifty index has gained 2.9% so far this year. With growth in credit demand and improvement in asset quality, banks are expected to lead the rally for the broader markets.

Read More at Moneycontrol
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