2 weeks ago

Top Firms Lose Rs 1 Lakh Crore Amid Crude, Geopolitics

Top Firms Lose Rs 1 Lakh Crore Amid Crude, Geopolitics
Crude, geopolitics weigh on markets; top 10 firms lose over Rs 1 lakh cr in m-cap in a week · financialexpress.com

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.

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

Sources

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