
Last week, eight out of India’s ten most valuable companies saw a combined loss of ₹1.60 lakh crore in market value, due to an overall decline in the stock market. The BSE benchmark index (Sensex) dropped by 1,047.52 points, or 1.30%, during the week.
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Reliance Industries suffered the biggest loss, with its market capitalisation falling by ₹59,799 crore to ₹18.64 lakh crore. ICICI Bank’s value dropped by ₹30,185 crore to ₹9.90 lakh crore, while HDFC Bank lost ₹27,063 crore, bringing its valuation down to ₹14.46 lakh crore. State Bank of India also declined by ₹18,429 crore to ₹6.96 lakh crore. Other companies like Bajaj Finance, ITC, Bharti Airtel, and TCS also saw dips in their market values — losing ₹13,799 crore, ₹8,322 crore, ₹2,138 crore, and ₹579 crore respectively. On the positive side, only two companies managed to gain in value.
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Hindustan Unilever’s market value increased by ₹2,538 crore to ₹5.48 lakh crore, and Infosys gained ₹415 crore to reach ₹6.26 lakh crore. Despite the losses, Reliance Industries continued to hold its position as India’s most valuable company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, Bajaj Finance, and ITC.
Disclaimer: This article is for informational purposes only and not financial advice. Please do your own research and consult a financial advisor before making any investment decisions.