Seven of India’s top 10 most-valued listed companies see their combined market capitalisation decline over a recent, holiday-shortened week, with Reliance Industries taking the biggest hit. Across the period, the BSE Sensex falls by 639.61 points (about 0.84%) and the NSE Nifty drops by 171.55 points (about 0.72%), according to reports. Valuations weaken for Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever. Reliance’s market cap drops by about Rs 39,718 crore to Rs 46,078.3 crore (figures vary by outlet) to around Rs 17.47 lakh crore to Rs 17.87 lakh crore. HDFC Bank’s valuation erodes by roughly Rs 33,333 crore to about Rs 11.47 lakh crore. Bharti Airtel and TCS also decline, with respective losses reported at about Rs 18,736 crore to Rs 25,408.96 crore (Airtel) and about Rs 20,134.66 crore to Rs 22,920.58 crore (TCS). Some large-cap firms post gains, including State Bank of India and LIC, while Larsen & Toubro is reported as increasing in market value. Despite declines, Reliance Industries retains the top position by market capitalisation.
Seven of India’s top-10 firms lose about Rs 1.5 lakh crore market value in a week
Seven of India’s top 10 most-valued listed companies see their combined market capitalisation decline over a recent, holiday-shortened week, with Reliance Industries taking the biggest hit. Across the...
- Seven of the top 10 most-valued Indian listed firms collectively lose market value of about Rs 1.25 lakh crore to Rs 1.54 lakh crore over the week (figures vary by outlet).
- Reliance Industries records the largest decline among the group, with its market cap reported down by roughly Rs 39,718 crore to Rs 46,078.3 crore to around Rs 17.5–17.9 lakh crore.
- The BSE Sensex falls by 639.61 points (about 0.84%) and the NSE Nifty declines by 171.55 points (about 0.72%) during the period, per reports.
- HDFC Bank, Bharti Airtel, ICICI Bank, TCS, Bajaj Finance and Hindustan Unilever are reported to have declining valuations, while SBI and LIC are reported as gaining and Larsen & Toubro as increasing.
- Reliance Industries remains the most-valued domestic firm by market capitalisation in these reports despite the week’s decline.
Indian equities surged last week, with the top 10 most-valued companies collectively gaining Rs 1.90 lakh crore. ICICI Bank led the rally, adding over Rs 56,000 crore to its market cap. This upturn, driven by global sentiment and RBI measures, saw most major firms post gains, with Reliance Industries retaining its top spot.
2 hours agoThe combined market valuation of seven of the country's top-10 most valued companies declined by Rs 1.25 lakh crore last week.During the same period, the Sensex fell 532.4 points, or 0.71 per cent, while the Nifty slipped 181.05 points, or 0.76 per cent.Among the major laggards, Reliance Industries Limited saw the sharpest erosion, with its market capitalisation falling by Rs 39,718 crore to Rs 17,47,321.40 crore.The stock continued to remain the most valued listed company in the country despite the decline.Tata Consultancy Services also witnessed a significant drop in valuation, losing Rs 20,134.66 crore to settle at Rs 7,95,346.09 crore.Similarly, Bharti Airtel saw its market capitalisation decline by Rs 18,736.04 crore, bringing it down to Rs 10,96,150.49 crore.Infrastructure major Larsen & Toubro also faced pressure, with its valuation slipping Rs 16,880.2 crore to Rs 5,43,956.44 crore.Insurance giant Life Insurance Corporation of India lost Rs 14,610.74 crore, taking its market value down to Rs 5,05,873.32 crore.In the financial sector, Bajaj Finance saw a decline of Rs 9,681.36 crore, while Hindustan Unilever Limited lost Rs 5,909.23 crore in market capitalisation over the week.However, a few large-cap banking stocks provided some support to the market. State Bank of India gained Rs 12,692.09 crore in valuation, rising to Rs 9,02,523.63 crore.ICICI Bank added Rs 4,484.86 crore to its market capitalisation, while HDFC Bank climbed Rs 4,101.47 crore, taking its valuation to Rs 11,50,743.31 crore.Despite the mixed performance, Reliance Industries retained its position as the most valued domestic company, followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever among the top-10 firms by market capitalisation.
1 week agoMarket valuation of Reliance Industries dropped ₹39,718 crore to ₹17,47,321.40 crore
1 week agoSeven of India's top 10 companies experienced a combined market valuation drop of Rs 1.54 lakh crore last week, with Reliance Industries leading the decline. This occurred as the BSE Sensex and NSE Nifty saw minor dips. Despite the losses, Reliance Industries maintained its position as the country's most-valued firm.
2 weeks agoThe combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit.In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent.From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers.The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore.HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore.The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore.The market capitalisation (mcap) of Hindustan Unilever diminished by Rs 13,169.46 crore to Rs 5,04,210.54 crore.Bajaj Finance's valuation declined by Rs 7,253.24 crore to Rs 5,63,262.33 crore and that of ICICI Bank dipped by Rs 6,311.41 crore to Rs 9,00,589.91 crore.However, the mcap of Larsen & Toubro jumped Rs 20,608.43 crore to Rs 5,60,836.64 crore.State Bank of India's mcap climbed Rs 13,753.62 crore to Rs 8,89,831.54 crore and that of LIC went up by Rs 6,040.37 crore to Rs 5,20,484.06 crore.Reliance Industries remained the most valued domestic firm followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever.
2 weeks agoThe combined market valuation of seven of the top 10 valued firms eroded by Rs 1.54 lakh crore last week, with Reliance Industries taking the biggest hit. In a holiday-shortened last week, the BSE benchmark Sensex dropped 639.61 points, or 0.84 per cent, and the NSE Nifty declined 171.55 points, or 0.72 per cent. From the top 10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever faced erosion in their valuations, while State Bank of India, Larsen & Toubro and Life Insurance Corporation of India (LIC) were the gainers. The market valuation of Reliance Industries dropped by Rs 46,078.3 crore to Rs 17,87,039.40 crore. HDFC Bank's valuation eroded by Rs 33,333.06 crore to Rs 11,46,641.84 crore. The valuation of Bharti Airtel tumbled Rs 25,408.96 crore to Rs 11,14,886.53 crore and that of TCS dived Rs 22,920.58 crore to Rs 8,15,480.75 crore. The market capitalisation (mcap) of Hindustan Unilever ...
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