This shift matters for the market. IT, at roughly 9% weight, remains the second-largest sector in the benchmark Nifty 50 index, while BFSI dominates with about 37% weight. In theory, BFSI’s expanding profit share and heavier index presence should have cushioned broader market weakness. In practice, however, IT’s slide has exerted an outsized drag on…
SBI Share Price: On the basis of strong quarterly results and continuous better performance, SBI has left TCS behind in terms of market value… highlights The strong results of December quarter have filled new energy in the shares of State Bank of India. Due to the recent growth, the bank has left IT giant TCS…
TCS on 1 year low: Earlier this week, the country’s largest government bank SBI had left the country’s top IT company Tata Consultancy Services (TCS) behind in terms of market cap. Now today i.e. on 12th February, ICICI Bank has also overtaken TCS in terms of market cap. Actually, this decline in the shares of…
State Bank of India (SBI), the country’s largest government bank, has become the fourth largest company in the country in terms of market cap. At market close, the market cap of SBI increased to Rs 10.9 lakh crore, which is more than the market cap of Tata Consultancy Services (TCS) of Rs 10.53 lakh crore….
SBI market cap: State Bank of India (SBI) has surged past Tata Consultancy Services (TCS) to become India’s fourth-largest listed company by market capitalisation, following a sharp rally in its stock after stronger-than-expected December-quarter earnings. At close on February 10, SBI’s market capitalization stood at around ₹10.9 lakh crore, exceeding TCS’s valuation of about ₹10.53…
The combined market valuation of nine of the top-10 most valued firms slumped by ₹2.51 lakh crore last week, with Reliance Industries taking the biggest hit, in line with a weak trend in equities. Last week, the BSE benchmark Sensex tanked 2,032.65 points or 2.43 per cent. “Markets witnessed a sharp sell-off during the week,…
