The Silver Lining of Economic Turbulence : Top 10 firms gain over Rs. 20,000 crores in market cap

-

There is a silver lining to the economic turbulence in Indian markets. Net effect of the economic turbulence is that top 10 firms in fact notched up their market valuations.

Breaking its six-week long losing trend, country's top 10 club added over Rs. 20,000 crores to the combined market valuation in the past week, even as Reliance Industries and Infosys suffered losses.

The top 10 companies together gained Rs. 23,273 crores in market cap last week, while country's most valued firm Reliance Industries alone lost Rs. 24,063 crores from its valuation. Also IT bellwether Infosys' valuation declined to Rs. 6,371 crores in the past week.

At the end of Friday's trade, the total market value of the 10 most valued firms, comprising six from public sector and four private sector entities, stood at Rs. 10,15,150 crores, up from Rs. 9,91,877 crores a week ago.

...

As per the elite list of top 10 firms, RIL is followed by ONGC (Rs. 1,58,619 crores), NTPC (Rs. 1,24,671 crores), Bharti Airtel (Rs. 1,23,379 crores), SBI (Rs. 79,312 crores), Infosys (Rs. 72,728 crores), BHEL (Rs. 68,782 crores), MMTC (Rs. 68,726 crores), ITC (Rs. 65,908 crores) and NMDC (Rs. 61,810 crores).

Source: Top 10 firms gain over Rs. 20,000 croress in market cap

Does it mean, more investors are moving to stable and large firms from volatile small and medium stocks?

Comments

Post a Comment

Popular posts from this blog

Newsworthy News in Red October : Dow Jones & Tax Dodgers

-
Dow Jones Index crosses the symbolic 10000 figure. U.S. stocks rallied, sending the Dow Jones Industrial Average above 10,000 for the first time in a year, on better-than-estimated earnings at JPMorgan Chase & Co. and Intel Corp. Bank of America Corp., American Express Co. and JPMorgan more than doubled since the Dow slid to a 12-year low on March 9 as global financial firms began recovering from $1.6 trillion in writedowns and credit losses. International Business Machines Corp. and Hewlett-Packard Co. jumped at least 54 percent since March 9 on signs the nation was recovering from the worst recession in seven decades. Source: Bloomberg And, about 7500 International Tax dodgers file for IRS Amnesty to avoid jail Some 7,500 international tax dodgers have applied for an amnesty program that promises no jail time and reduced penalties for tax cheats who come forward, the Internal Revenue Service announced Wednesday. … The program is part of a larger eff
Read more

USCIS Selects Final H1B Petitions by Random Selection - Almost a 50% chance for each Application

-
U.S. Citizenship and Immigration Services (USCIS) announced today that on April 12 it conducted the computer-generated random selection process to determine which H-1B petitions, subject to the congressionally mandated H-1B cap for fiscal year 2008 (FY 2008), would continue to final processing. USCIS completed this determination ahead of the preliminary schedule noted on April 3, when it announced it had received enough petitions to meet the cap for FY 2008. The 123,480 cap-subject petitions received on April 2 and 3 were labeled with unique numerical identifiers and selected randomly by computer. The chosen numerical identifiers were then transmitted to the appropriate service center for further processing. Source: USCIS Announcement Number 123,480 looks a lot better keeping in view initial estimates. A good 50% chance for each application to be selected.  Update: 3rd May 2007 Hello friends, I understand your anxiety. But don’t loose your hope and/or temper yet. Please wait ti
Read more

Wanna-be an Entrepreneur? Get Started

-
Nothing teaches and prepares you to take on the World better than your own experience. So don't wait. Just Get Started, the moment you think You wanna be an entrepreneur.   These are a few books, PDFs, Podcasts, Presentations etc from my notebook, I believe will be a great help to get started. Get a hint about Markets: Future of Web Applications (Podcasts) Annual MIT Venture Capital Conference Videos ( Videos , List ) See What Others Are doing: Proto.in   ( Links , Videos ,  Notes ) Demo Techcrunch Understand What it Takes: The Art of The Start by Guy Kawasaki ( PDF , Video ) Cost of BootStrapping ( PDF , MP3 ) Go for it: Getting Real ( HTML ) How to be Creative ( PDF ) OnStartups ( Blog ) Its not that easy and all. But its a good start. Stay tuned for more. If you have a link to a resource that You think will be useful wanna-be's please add to it. ( Add as a comment or message to me). Technorati tags: inspions , startup , entrepreneur
Read more