New Delhi: Last week, nine out of the top-10 most valuable companies collectively saw a huge decrease of Rs 4,74,906.18 crore in market value, mainly due to Reliance Industries and HDFC Bank facing the biggest losses, reflecting the overall poor performance of the stock market. Last week, markets experienced significant declines due to escalating tensions in the Middle East and foreign money leaving the market. During a shortened holiday week, the BSE benchmark plunged by 3,883.4 points, representing a decrease of 4.53 percent.
Reliance Industries' worth decreased by Rs 1,88,479.36 crore, bringing it down to Rs 18,76,718.24 crore. HDFC Bank's market capitalization dropped by Rs 72,919.58 crore to Rs 12,64,267.35 crore. Bharti Airtel's market worth decreased by Rs 53,800.31 crore to Rs 9,34,104.32 crore while ICICI Bank's value dropped by Rs 47,461.13 crore to Rs 8,73,059.59 crore. The worth of Life Insurance Corporation of India (LIC) dropped by Rs 33,490.86 crore to Rs 6,14,125.65 crore while Hindustan Unilever's value decreased by Rs 27,525.46 crore to Rs 6,69,363.31 crore. ITC's market capitalisation decreased by Rs 24,139.66 crore to Rs 6,29,695.06 crore, while Tata Consultancy Services (TCS) saw a drop of Rs 21,690.43 crore to Rs 15,37,361.57 crore in their market capitalisation.
The valuation of State Bank of India decreased by Rs 5,399.39 crore to Rs 7,10,934.59 crore. Nonetheless, the market capitalization of Infosys increased by Rs 4,629.64 crore to reach Rs 7,96,527.08 crore. Reliance Industries maintained their position as the firm with the highest value, with TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC, and LIC following closely behind.
FIRST Business Portal addressing the potential of business capability of North East Region.
