iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Indian Indices Rise, TCS Market Cap Hits ₹15 Lakh Crore

6 Feb 2024 , 02:17 PM

Indian benchmark indices recorded marginal gains in Tuesday's trade, driven by IT index heavyweights. Nifty IT and auto sectors saw up to a 1% increase in the early trade, while financials and FMCG sectors experienced declines.

Sensex rose by 0.62% to 72,172.95 points, and Nifty increased by 0.69% to 21,921.70 points. Advancing shares numbered 1936, declining shares were 1307, and 64 shares remained unchanged.

TCS achieved a market capitalization exceeding ₹15 Lakh Crore for the first time, reaching record highs on February 6, with the stock trading 3.7% higher at ₹4,125.

Nifty IT index led sectoral indices with a 2.23% gain, while TCS became the top Nifty IT gainer, following Wipro, HCL Tech, and Mphasis, which each rallied over 3%.

HDFC Bank gained attention as RBI granted approval to acquire a holding of up to 9.50% in six banks, resulting in the stock trading flat.

Jio Financial Services shares dropped over 7% after clarifying that it is not in talks with troubled One 97 Communications to acquire Paytm wallet.

The rupee remained steady at 83.03 against the US dollar in early trade on Tuesday, supported by positive sentiment in the domestic equity markets and consistent foreign fund inflows.

Paytm shares continued their decline for a fourth consecutive session after reports of India's federal anti-fraud agency investigating potential violations of foreign exchange rules by platforms run by the company.

The stock fell 9.9% to a record low of ₹395 on the National Stock Exchange before recovering slightly to trade down 6%. Paytm shareholders have suffered losses of up to $2.8 billion since the central bank's order for Paytm Payments Bank to wind down most of its business by Feb. 29.

For feedback and suggestions, write to us at editorial@iifl.com



Related Tags

  • FMCG sectors
  • news
  • nifty
  • Nifty IT
  • TCS market cap
sidebar mobile


Read More

Most Read News

NHPC net profit declines 18%, shares down
18 May 2024|10:24 AM
Indian markets end the day in Green
18 May 2024|12:12 AM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.