
The market valuations of several top Indian companies have seen significant increases, with Tata Consultancy Services (TCS) leading the gains by adding Rs 62,574.82 crore to its market valuation, reaching Rs 16,08,782.61 crore. HDFC Bank followed with an increase of Rs 45,338.17 crore, bringing its valuation to Rs 14,19,270.28 crore. Infosys also saw a rise of Rs 26,885.8 crore, taking its market value to Rs 7,98,560.13 crore. These gains come amidst a broader market rally, particularly in midcap and smallcap sectors, signaling a robust return of risk appetite among India's retail investors following two months of market declines. The Bloomberg India Micro Cap index hit a record high last week, reflecting this renewed investor confidence. Additionally, the Indian market for initial public offerings (IPOs) is expected to remain strong in 2025, suggesting continued growth in market activity. In early trade, the Sensex rose 60.88 points to 81,770, while the Nifty advanced 23.10 points to 24,700.90, despite the Reserve Bank of India (RBI) cutting its growth forecast and raising inflation estimates.
Sensex rises 60.88 points to 81,770 in early trade; Nifty advances 23.10 points to 24,700.90
Sensex, Nifty Open Muted As RBI Cuts Growth Forecast, Raises Inflation Estimates #stockmarket #sharemarket #sensex #nifty #rbi https://t.co/PomWeX7ZL3
Risk appetite among India’s mom-and-pop investors is firmly back after two months of market declines. The Bloomberg India Micro Cap index hit a record high last week. Read for free with your email on what else could move markets today https://t.co/p6Hd6ODTHM