Mcap of 8 of top 10 most valued firms rise by Rs.1.90 lakh crore; ICICI Bank biggest gainer
New Delhi, June 14 -- The combined market capitalisation of eight of India's 10 most valuable companies increased by Rs.1.90 lakh crore last week, led by a strong performance from ICICI Bank, as domestic equities rallied.
During the week, the BSE Sensex gained 1,284.61 points, or 1.73%, while the NSE Nifty advanced 256.2 points, or 1%.
Ajit Mishra, SVP - Research at Religare Broking, said Indian equity markets ended a volatile week on a positive note, breaking a two-week losing streak amid improving global sentiment and supportive RBI measures aimed at boosting foreign currency inflows.
"Investor confidence improved on optimism surrounding a potential U.S.-Iran peace deal, which raised hopes of easing geopolitical tensions and stabilis...
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