1 week ago

Four Top Indian Firms Lose ₹87,960 Crore; Airtel Leads Decline

Four Top Indian Firms Lose ₹87,960 Crore; Airtel Leads Decline
Bearish markets wipe out Rs 87,960-cr from top 4 firms · thehansindia.com

Four very large Indian companies became worth less on the stock market last week.

Together, their market value fell by almost ₹88,000 crore.

Bharti Airtel lost the most among the companies that declined.

Tata Consultancy Services, State Bank of India and Hindustan Unilever also lost value.

Six other large companies became more valuable.

Life Insurance Corporation of India gained the most among them.

Reliance Industries remained India’s most valuable company.

The Sensex and Nifty, which track parts of the stock market, both fell.

High crude-oil prices, rising bond yields and geopolitical uncertainty made investors cautious.

Key facts

Combined decline
₹87,960.29 crore across four top-10 companies
Largest loser
Bharti Airtel lost ₹28,052.96 crore; its market capitalisation stood at ₹12,14,963.15 crore
Other decliners
Tata Consultancy Services lost ₹22,070.34 crore, State Bank of India ₹20,861.20 crore and Hindustan Unilever ₹16,975.79 crore
Largest gainer
Life Insurance Corporation of India gained ₹12,650 crore, reaching ₹5,35,980.31 crore
Index performance
The Sensex fell 468.42 points, or 0.60%, while the Nifty fell 114 points, or 0.46%
Most valued company
Reliance Industries, with a market capitalisation of ₹17,78,175.59 crore
Top-10 ranking
Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Services, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India and Hindustan Unilever

Quotes

Market analyst

An analyst commenting on the Nifty’s technical outlook

“Indian equity markets ended the week on a cautious note, extending their recent corrective phase as elevated crude oil prices, rising global bond yields and persistent geopolitical uncertainty weighed on investor sentiment.”
thehindubusinessline.com livemint.com rediff.com thehansindia.com
“On the upside, a decisive move above 24,600 could strengthen recovery momentum and attract fresh buying, while a break below 23,900 may increase selling pressure and weaken the near-term setup.”
thehansindia.com

Sources

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