Business · Markets · 15 hrs ago
Eight of India’s 10 most valuable firms lose ₹1.55 lakh crore
In a holiday-shortened trading week in India, eight of the 10 most valuable listed firms lost a combined ₹1.55 lakh crore in market value.
HDFC Bank and Bajaj Finance accounted for the largest falls, losing ₹55,507 crore and ₹34,181 crore in value respectively.
The Sensex fell 2.15% and the Nifty dropped 2.36% over the week.
Across all companies listed on the Bombay Stock Exchange, market value fell by about ₹20.79 lakh crore over four sessions.
Tata Consultancy Services and Larsen & Toubro were the only two among the top 10 to gain value.
Reliance Industries remained India’s most valuable listed firm, followed by Bharti Airtel and HDFC Bank.
The figures cover the week’s trading, and no further developments were stated.
The combined market valuation of eight of India’s 10 most valuable listed firms fell by ₹1,55,671.9 crore last week.
HDFC Bank and Bajaj Finance recorded the largest losses.
Tata Consultancy Services and Larsen & Toubro were the only two of the top 10 firms to gain valuation.
The BSE Sensex fell 1,605.44 points, or 2.15 per cent, and the NSE Nifty dropped 546.15 points, or 2.36 per cent.
The total market capitalisation of BSE-listed firms fell by ₹20,78,774.28 crore over four sessions.
- Who
- Eight of India’s 10 most valuable listed firms lost value; HDFC Bank and Bajaj Finance had the biggest losses.
- What
- Their combined market valuation fell by ₹1,55,671.9 crore.
- When
- Last week, in a holiday-truncated week.
- Where
- India’s listed-equity market, including firms listed on the BSE.
- Why
- The articles link the losses to a weak trend in equities.
This story does not have two clearly opposing sides.
Total market capitalisation of BSE-listed firms was ₹4,72,62,167.42 crore.
Total market capitalisation of BSE-listed firms fell to ₹4,51,83,393.14 crore.
The reports on the losses were published.
- Top 10 firms losing value
- 8
- Combined valuation loss
- ₹1,55,671.9 crore
- HDFC Bank valuation loss
- ₹55,506.95 crore
- Bajaj Finance valuation loss
- ₹34,180.51 crore
- TCS valuation gain
- ₹23,517.56 crore
- BSE-listed firms’ market capitalisation loss
- ₹20,78,774.28 crore