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Mint
2 hours ago
- Mint
Market cap of 6 of top 10 valued firms erodes by ₹70,325.5 cr; check for winners and losers
The combined market valuation of six of India's top-10 most valued companies eroded by ₹ 70,325.5 crore last week. The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 0.74% or 626.01 points, PTI reported. HDFC Bank and ICICI Bank were the worst-hit among the top 10 firms, mirroring the market downturn. Here are a few others: HDFC Bank: Witnessed a steepest decline, with its valuation falling by 19,284.8 crore, bringing its market cap to ₹ 15,25,339.72 crore. 15,25,339.72 crore. ICICI Bank: The bank lost ₹ 13,566.92 crore in its market valuation which stood at ₹ 10,29,470.5 crore. Bajaj Finance: Its valuation dropped by ₹ 13,236.44 crore to ₹ 5,74,977.11 crore. 13,236.44 crore to 5,74,977.11 crore. Life Insurance Corporation of India (LIC): Its market cap shrank by ₹ 10,246.49 crore to ₹ 5,95,277.16 crore. 10,246.49 crore to 5,95,277.16 crore. Tata Consultancy Services (TCS): This firm faced an erosion of ₹ 8,032.15 crore from its market capitalisation which stood at ₹ 12,37,729.65 crore. Bharti Airtel: Its market cap fell by ₹ 5,958.7 crore to ₹ 11,50,371.24 crore. Despite the market downturn, some firms managed to ditch the trend and register gains in their market valuation. The following companies emerged as winners: Reliance Industries: Mukesh Ambani-owned firm was the top gainer, with its valuation jumping by ₹ 15,359.36 crore to ₹ 20,66,949.87 crore. 15,359.36 crore to 20,66,949.87 crore. Infosys: The tech giant added ₹ 13,127.51 crore in its valuation to ₹ 6,81,383.80 crore.


Mint
3 hours ago
- Mint
Market cap of 6 of top 10 valued firms erodes by ₹70,325.5 cr; check for winners and losers
The combined market valuation of six of India's top-10 most valued companies eroded by ₹ 70,325.5 crore last week. The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 0.74% or 626.01 points, PTI reported. HDFC Bank and ICICI Bank were the worst-hit among the top 10 firms, mirroring the market downturn. Here are a few others: HDFC Bank: Witnessed a steepest decline, with its valuation falling by 19,284.8 crore, bringing its market cap to ₹ 15,25,339.72 crore. 15,25,339.72 crore. ICICI Bank: The bank lost ₹ 13,566.92 crore in its market valuation which stood at ₹ 10,29,470.5 crore. Bajaj Finance: Its valuation dropped by ₹ 13,236.44 crore to ₹ 5,74,977.11 crore. 13,236.44 crore to 5,74,977.11 crore. Life Insurance Corporation of India (LIC): Its market cap shrank by ₹ 10,246.49 crore to ₹ 5,95,277.16 crore. 10,246.49 crore to 5,95,277.16 crore. Tata Consultancy Services (TCS): This firm faced an erosion of ₹ 8,032.15 crore from its market capitalisation which stood at ₹ 12,37,729.65 crore. Bharti Airtel: Its market cap fell by ₹ 5,958.7 crore to ₹ 11,50,371.24 crore. Despite the market downturn, some firms managed to ditch the trend and register gains in their market valuation. The following companies emerged as winners: Reliance Industries: Mukesh Ambani-owned firm was the top gainer, with its valuation jumping by ₹ 15,359.36 crore to ₹ 20,66,949.87 crore. 15,359.36 crore to 20,66,949.87 crore. Infosys: The tech giant added ₹ 13,127.51 crore in its valuation to ₹ 6,81,383.80 crore. Hindustan Unilever ltd (HUL): The market cap of this firm climbed ₹ 7,906.37 crore to ₹ 5,49,757.36 crore 7,906.37 crore to 5,49,757.36 crore State Bank of India (SBI): The market valuation went up by ₹ 5,756.38 crore, bringing it to ₹ 7,24,545.28 crore in valuation. Reliance Industries retained the title of the most valued firm of India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd, the news agency reported.


Economic Times
3 hours ago
- Economic Times
Two Trades for Today: An auto ancillary firm for close to 9% surge, a mid-cap engineering stock for almost 6% gain
Consolidation continued in the markets as the Nifty stayed in a capped range, as it ended Friday with a minor gain. The Nifty opened on a positive note and traded in a narrow range in the it experienced modest selling pressure in the afternoon, which pushed it into negative territory. But following a spurt in the late afternoon session, the headline Index went on to close with a gain of 55.70 points (+0.22%).This auto ancillary FONT SIZE SAVE PRINT COMMENT