Top 10 Firms Lose ₹1.55 Lakh Crore In Market Value, HDFC Bank And Bajaj Finance Emerge As Biggest Laggards
New Delhi: Eight of India's 10 most valuable companies witnessed a combined erosion of Rs 1.55 lakh crore in market capitalisation last week, as weak stock market sentiment dragged down major stocks. HDFC Bank and Bajaj Finance suffered the biggest losses, while Tata Consultancy Services (TCS) and Larsen & Toubro (L&T) managed to register gains. Sensex, Nifty Fall Sharply The Indian stock market…
Eight of India's ten most valuable companies experienced a combined loss of Rs 1.55 lakh crore in market capitalization during a recent trading week, according to market reports. Weak sentiment in the stock market contributed to the decline in major stocks. HDFC Bank and Bajaj Finance suffered the most significant losses, while TCS and Larsen & Toubro managed to increase their market values.
The BSE Sensex fell by 1,605.44 points (2.15%), and the NSE Nifty dropped by 546.15 points (2.36%). The total market capitalization of BSE-listed companies decreased by Rs 20.79 lakh crore across four trading sessions, falling from Rs 4,72,62,167.42 crore to Rs 4,51,83,393.14 crore. HDFC Bank emerged as the biggest loser, losing Rs 55,506.95 crore in market valuation, with its market capitalization dropping to Rs 10,67,121.12 crore.
Bajaj Finance experienced a valuation loss of Rs 34,180.51 crore, reducing its market capitalization to Rs 5,77,146.21 crore. Reliance Industries, Life Insurance Corporation of India (LIC), Bharti Airtel, State Bank of India, Infosys, and ICICI Bank also faced pressure in the market. Despite the overall market weakness, TCS and L&T managed to register gains, with TCS gaining Rs 23,517.56 crore and L&T adding Rs 1,788.66 crore.
Reliance Industries remained India's most valuable listed company, followed by Bharti Airtel and HDFC Bank.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Mcap of eight of the top-10 firms erodes by ₹1.55 lakh cr; HDFC Bank, Bajaj Fin biggest laggards thehindubusinessline.com
- Market recap: Eight of top 10 firms lose Rs 1.55 lakh crore timesofindia.indiatimes.com
