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Bharti Airtel's market capitalization surged to 11.44 lakh crore, surpassing Tata Consultancy Services to claim the third-largest company position in India. According to NSE data, TCS's market cap stood at 11.42 lakh crore. Reliance Industries leads with 19.3 lakh crore, followed by HDFC Bank at 15.34 lakh crore.
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SEBI has conditionally lifted the trading ban on Jane Street after the firm deposited 4,844 crore in an escrow account. Stock exchanges are directed to closely monitor Jane Street's dealings to prevent manipulative activities during the ongoing investigation. Jane Street maintains that SEBI's order reflects a misunderstanding of standard hedging practices.
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Reliance Industries' shares experienced a decline of over 3% on Monday. This followed the release of Q1 earnings that were lower than anticipated. Investors reacted to the results and a deferred IPO plan. Despite the dip, brokerages maintain a positive outlook on the company. They foresee potential growth triggers in the near future.
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