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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.

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