2 weeks ago
Top Firms Lose Rs 1 Lakh Crore Amid Crude, Geopolitics
Imagine the biggest companies in India are like big piggy banks that people put money into.
Last week, five of the ten biggest piggy banks got lighter, losing more than Rs 1 lakh crore of value together.
The total value of all of a company's shares is called market capitalisation, and it changes when investors feel happy or worried.
Investors felt worried because oil prices were high, global peace felt less certain, and markets around the world were sending mixed signals.
The company called TCS lost the most value, followed by Reliance Industries and the State Bank of India.
But not everything went down - LIC and Bharti Airtel actually grew in value, which helped balance things out a little.
The Sensex and Nifty, which measure how the whole Indian market is doing, ended the week lower.
Even after losing money, Reliance Industries stayed India's most valuable company.
This shows that the value of big companies can go up or down every week depending on what is happening in the world.
Combined market capitalisation of five of India's 10 most valued companies fell by more than Rs 1 lakh crore last week.
TCS recorded the biggest decline, losing Rs 34,263.28 crore, followed by Reliance Industries (Rs 31,869.13 crore) and SBI (Rs 25,891.88 crore).
The BSE Sensex fell 489.92 points (0.62%) and the NSE Nifty declined 204.65 points (0.83%) during the week.
Elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment, according to Ajit Mishra of Religare Broking.
LIC (up Rs 26,438.49 crore) and Bharti Airtel (up Rs 20,592.13 crore) led gains, while Reliance Industries remained India's most valued company.
- Who
- India's 10 most valued listed companies, including TCS, Reliance Industries and SBI, along with equity investors tracking weekly market capitalisation moves.
- What
- The combined market capitalisation of five of the top 10 firms fell by over Rs 1 lakh crore, while the BSE Sensex and NSE Nifty ended the week lower.
- Where
- Indian equity markets, tracked by the BSE Sensex and NSE Nifty.
- When
- Last week, as covered by a PTI report on weekly market movements.
- Why
- Elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment.
Key facts
- Market cap erosion
- Over Rs 1 lakh crore (five companies)
- Biggest loser
- TCS (-Rs 34,263.28 crore)
- Most valued company
- Reliance Industries (Rs 17,70,056.06 crore)
- Sensex change
- -489.92 points (-0.62%)
- Nifty change
- -204.65 points (-0.83%)
- Biggest gainer
- LIC (+Rs 26,438.49 crore)
- Total gains by five firms
- Rs 55,149.45 crore
- Pressure factors
- Elevated crude oil prices, geopolitical uncertainty, mixed global cues
Quotes
Ajit Mishra
SVP, Research, Religare Broking Ltd
“"Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment"”
financialexpress.com










