SIGN UP FOR POSTSCARD'S MORNING NEWSLETTER

The best stories of the day, in your inbox

Six of Top 10 Companies Witness a Rs 71,414-Crore Erosion in Market Value; LIC and TCS Among Biggest Laggards

top 10 companies

In a week marked by market volatility, six of India’s top-10 most valued companies experienced a collective erosion of Rs 71,414.03 crore in their market capitalization. The impact was particularly pronounced for Life Insurance Corporation of India (LIC) and Tata Consultancy Services (TCS), which emerged as the biggest laggards.

The Winners and Losers among Top 10 Companies:

The Laggards:

  1. LIC: The state-owned insurer saw its market valuation decline by Rs 26,217.12 crore, bringing it down to Rs 6,57,420.26 crore.
  2. TCS: The IT giant’s market valuation tumbled by Rs 18,762.61 crore, settling at Rs 14,93,980.70 crore.
  3. ITC: ITC’s market capitalization eroded by Rs 13,539.84 crore, now standing at Rs 5,05,092.18 crore
  4. Hindustan Unilever: The FMCG major witnessed a dip of Rs 11,548.24 crore, with its market valuation at Rs 5,58,039.67 crore.
  5. Bharti Airtel: The telecom company’s market value declined by Rs 703.60 crore, reaching Rs 6,30,340.9 crore.
  6. Reliance Industries: Mukesh Ambani’s conglomerate faced a decrease of Rs 642.62 crore, bringing its market cap to Rs 19,76,493.92 crore.

The Gainers:

  1. State Bank of India (SBI): SBI’s market valuation surged by Rs 27,220.07 crore, reaching Rs 6,73,585.09 crore.
  2. Infosys: The IT services company added Rs 13,592.73 crore, taking its valuation to Rs 7,06,573.08 crore.
  3. HDFC Bank: HDFC Bank’s market cap climbed by Rs 12,684.58 crore, now at Rs 10,78,493.29 crore.
  4. ICICI Bank: ICICI Bank’s valuation increased by Rs 8,541.48 crore, reaching Rs 7,17,796.25 crore.

Market Trends

Despite the challenges faced by individual companies, the BSE benchmark managed to climb 831.15 points or 1.16% during the same period.

Stay tuned for further updates as the market continues to evolve.

The Ministry of Commerce and Industry has issued a crucial advisory to

The Jallianwala Bagh massacre of 1919 remains etched in history

Amid escalating tensions in the Middle East, the United States

Tragedy struck the bustling city of Sydney today as a

The highly anticipated big-budget Ramayana film, starring Ranbir Kapoor, is

The United Kingdom has significantly increased the minimum income required

PM Narendra Modi, in a groundbreaking move, recently engaged with

Ashneer Grover, the co-founder and former managing director of BharatPe, is

A resurgence of whooping cough, a highly contagious respiratory illness,

The Andhra Pradesh Board of Intermediate Examination (BIEAP) has officially declared

In a significant breakthrough, the National Investigation Agency (NIA) has apprehended two

Bade Miyan Chote Miyan, the latest Bollywood offering, has hit

A tragic accident in Balochistan, Pakistan, has claimed the lives

In a significant political development, former Congress spokesperson Rohan Gupta has crossed

Narnaul, Haryana: In a heart-wrenching incident, six school children lost

In a highly anticipated development, Elon Musk, the visionary entrepreneur behind Tesla,

In a significant move to address the labor shortage faced

In a candid interview with Newsweek magazine, Prime Minister Narendra Modi emphasized

Truecaller, the popular caller identity and spam detection app, has

Marcelino Abad, a remarkable man hailing from the serene landscapes

At the recent Google Cloud Next 2024 event, the tech giant unveiled

The Supreme Court has once again refused to accept an

Professor Peter Higgs, the brilliant physicist renowned for his groundbreaking

In a significant development, Paytm, the digital payment and financial services

In a tragic incident that has sent shockwaves through the

In a significant move, Turkey has imposed export restrictions on 54 vital products destined

Get daily updates in your inbox. Subscribe to our newsletter.