Last week, eight of India’s top 10 firms faced a significant market valuation decline, losing a total of ₹1.65 lakh crore. This loss aligns with the bearish trend in the equity market. The BSE Sensex fell 628.15 points (0.82%), and Nifty dropped 133.35 points (0.58%).
TCS suffered the largest hit in the financial downturn, with its market value dropping by ₹53,185.89 crore to ₹13,69,717.48 crore, making it the most affected firm last week. Despite this loss, TCS remains one of India’s most valued firms based on market capitalization.
Hindustan Unilever (HUL) lost ₹17,962.62 crore in market valuation to reach ₹5,26,684.38 crore. Infosys dropped by ₹17,086.61 crore to settle at ₹7,53,700.15 crore. Bharti Airtel suffered a ₹44,407.77 crore decrease in market cap to end at ₹9,34,223.77 crore, while ICICI Bank’s valuation fell by ₹18,235.45 crore to ₹8,70,579.68 crore.
ITC’s market capitalization reduced by ₹11,949.42 crore to ₹5,01,750.43 crore, HDFC Bank’s valuation decreased by ₹2,555.53 crore to ₹12,94,152.82 crore, and SBI’s value dropped by ₹401.61 crore to ₹6,43,955.96 crore amidst last week’s bearish market trends in India.
Amid overall losses, Reliance Industries and Bajaj Finance defied the trend. Reliance’s market cap grew by ₹14,547.3 crore to ₹16,61,369.42 crore, while Bajaj Finance saw an increase of ₹384.33 crore to ₹5,20,466.75 crore amidst the financial market turbulence in India.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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