Live
- New Mizoram Guv likely to take charge next week
- Barroz 3D Movie Review: A Visual Treat for Mohanlal Fans, Mixed for Others
- Donate Blood, Save Lives: BJP Hosts Mega Blood Donation Camp in Aiza
- Azerbaijani Airliner Crashes Near Aktau, Kazakhstan: 32 Survive, Over 30 Feared Dead
- Union Minister Bandi Sanjay Kumar to Visit Jogulamba Gadwal District on December 27, 2024
- Gadwal Lawyers' United Protest: Opposition to District Court Relocation Gains Momentum
- Christmas Celebrations in Jogulamba Gadwal: A Festival of Unity, Charity, and Joy
- Lawyers Seek MP DK Aruna’s Intervention to Prevent District Court Relocation
- Israel, Hamas trade blame for delays in reaching Gaza ceasefire deal
- PM Modi, President Murmu extend Hanukkah greetings to Israeli counterparts
Market mayhem: Top-10 cos lose Rs 4.22 lakh cr in mcap
The 10 most valued domestic companies lost a massive Rs 4,22,393.44 crore in market capitalisation (mcap) last week, with heavyweights TCS and RIL taking the biggest hit.
New Delhi: The 10 most valued domestic companies lost a massive Rs 4,22,393.44 crore in market capitalisation (mcap) last week, with heavyweights TCS and RIL taking the biggest hit.
In a nerve-wracking week for the markets, the BSE Sensex plummeted 3,473.14 points or 9.24 per cent, largely in tandem with global equities which were hammered by panic selling amid the coronavirus pandemic.
In the ranking of the 10 most valued firms, RIL remained at the top, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, Bharti Airtel and Bajaj Finance.
The mcap of TCS dropped by Rs 1,16,549.07 crore to reach Rs 6,78,168.49 crore for the week ended Friday. Reliance Industries' m-cap plummeted Rs 1,03,425.15 crore to Rs 7,01,693.52 crore.
Infosys was another major drag, with its valuation plunging Rs 41,315.98 crore to Rs 2,73,505.62 crore. HDFC Bank's m-cap tanked Rs 34,919.51 crore to reach Rs 5,87,190.43 crore and that of Hindustan Unilever Limited (HUL) tumbled Rs 33,208.35 crore to Rs 4,40,151.42 crore.
The valuation of Kotak Mahindra Bank declined Rs 30,931.1 crore to Rs 2,81,237.76 crore and that of ICICI Bank fell Rs 25,098.54 crore to Rs 2,89,606.69 crore. Likewise, Bajaj Finance witnessed a drop of Rs 16,320.81 crore in its m-cap to reach Rs 2,37,989.09 crore.
Bharti Airtel suffered a decline of Rs 13,611.62 crore in its valuation to stand at Rs 2,69,613.64 crore. The market-cap of HDFC fell by Rs 7,013.31 crore to Rs 3,58,201.28 crore.
