Top 10 Firms Lose ₹1 Lakh Crore In Market Value

The combined market value of India's top-10 most valued companies fell by around ₹1 lakh crore last week, with Tata Consultancy Services (TCS) suffering the largest loss.

The BSE Sensex fell 489.92 points, or 0.62 per cent, while the NSE Nifty declined 204.65 points, or 0.83 per cent, during the week.

According to Ajit Mishra, SVP, Research at Religare Broking Ltd, higher crude oil prices, renewed geopolitical uncertainty, and mixed global cues weighed on investor sentiment.

Five companies, including Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India (SBI), and TCS, saw their market value decline. TCS lost ₹34,263.28 crore in market capitalisation, bringing its total valuation down to ₹8,53,506.85 crore.

Reliance Industries lost ₹31,869.13 crore, taking its market value to ₹17,70,056.06 crore. SBI's valuation declined by ₹25,891.88 crore to ₹9,85,829.96 crore. HDFC Bank lost ₹7,165.37 crore to settle at ₹11,20,802.10 crore, while ICICI Bank's market value fell ₹2,792.65 crore to ₹10,17,577.98 crore.

On the other hand, the other five companies in the top-10 group together added ₹55,149.45 crore in market value. LIC emerged as the biggest gainer, adding ₹26,438.49 crore to reach ₹5,23,330.31 crore.

Bharti Airtel gained ₹20,592.13 crore, taking its valuation to ₹12,43,016.11 crore. Bajaj Finance added ₹3,548.79 crore, while Larsen & Toubro gained ₹2,490.66 crore. Hindustan Unilever added ₹2,079.38 crore.

Reliance Industries remained India's most valued company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.

The decline in market value of top firms is a significant development in the Indian stock market. It reflects the impact of global cues and domestic factors on the market.

The market value of these companies is an important indicator of the overall health of the economy. The decline in market value of top firms may have implications for investors and the broader economy.

In conclusion, the combined market value of India's top-10 most valued companies fell by around ₹1 lakh crore last week, with TCS suffering the largest loss. The decline in market value of top firms is a significant development in the Indian stock market and may have implications for investors and the broader economy.