Sunday 21 September 2008

72K cr gain in a week!

Shares of over 340 companies including blue chips like Reliance Industries, ONGC and Bharti braved the global financial crisis and gained Rs 72,000 crore in market valuation in the past week.

Interestingly, banking stocks including HDFC Bank, Kotak Mahindra Bank, Punjab National Bank, Yes Bank, Axis Bank, Bank of Baroda and Oriental Bank also saw their market valuations swell up.

Surprisingly, country's largest private sector housing finance company HDFC gained over Rs 3,000 crore in marketcap in the past five trading sessions. Its marketcap stood at Rs 65,613 crore on Friday last week as against Rs 61, 934 crore at the end of previous week.

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.