Eight of top 10 firms lose Rs 1.57 lakh cr in market valuation

NEW DELHI: Eight of the top 10 valued firms witnessed a combined erosion of Rs 1,57,277.53 crore in market valuation last week, with Reliance Industries Limited emerging as the biggest laggard. Last week, the Sensex lost 1,457.16 points or 3.83 per cent. Only Infosys and HCL Technologies emerged as gainers …

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Private banks, IT stocks dominate Jefferies’ 19-stock India model portfolio

Mumbai: Jefferies’ India model portfolio is heavily loaded with private banks and IT companies and insurers, and the brokerage believes it is a ‘buy on dips’ market. After a 57 per cent rally from the March lows, Nifty has shed 4 per cent in last three days. “…we believe it’s …

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New acquisition strengthens HCL Technologies in APAC but lacks zing

“Be bold, be right”. The famous parting advice of Steve Ballmer to the current chief executive officer of Microsoft Corp Satya Nadella works to an extent for HCL Technologies Ltd now. HCL Technologies Ltd’s acquisition of Australia-based IT services company DWS Ltd ticks the “be right” box. The consideration of …

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Share market update: 55 stocks hit 52-week highs on NSE

NEW DELHI: Around 55 stocks rose to touch their 52-week highs on NSE in Monday’s session. Among the stocks that touched their 52-week highs were Advanced Enzyme Technologies, Ashapura Minechem, Bafna Pharmaceuticals, Balaxi Ventures, Brooks Laboratories,Capri Global Capital, Dr. Reddy’s Laboratories, Dynemic Products, Firstsource Solutions, HCL Technologies, Infosys, Karda Constructions, …

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