Last week, the value of eight of the ten richest companies in India fell by a huge amount—Rs 2 lakh crore! This drop happened as the entire stock market was struggling. The stock market index shows a continuous slide, with the Sensex and Nifty both going down for eight days straight.
The BSE Sensex decreased by 2,644.6 points, which is about 3.36%, and the Nifty went down by 810 points, or 3.41%. Many big companies saw their market values shrink. For example:
– Reliance Industries lost Rs 67,526.54 crore, dropping its value to Rs 16,46,822.12 crore.
– Tata Consultancy Services (TCS) lost Rs 34,950.72 crore, now valued at Rs 14,22,903.37 crore.
– HDFC Bank lost Rs 28,382.23 crore, bringing it down to Rs 12,96,708.35 crore.
– ITC’s value dropped by Rs 25,429.75 crore to Rs 5,13,699.85 crore.
– Infosys lost Rs 19,287.32 crore and is now at Rs 7,70,786.76 crore.
– State Bank of India saw a decline of Rs 13,431.55 crore to Rs 6,44,357.57 crore.
– Hindustan Unilever’s value dipped by Rs 10,714.14 crore to Rs 5,44,647 crore.
– Bajaj Finance fell by Rs 4,230.4 crore to Rs 5,20,082.42 crore.
On the brighter side, Bharti Airtel and ICICI Bank were two companies that gained some value during this tough week. Bharti Airtel added Rs 22,426.2 crore to its worth, reaching Rs 9,78,631.54 crore. ICICI Bank increased by Rs 1,182.57 crore, now valued at Rs 8,88,815.13 crore.
As of now, Reliance Industries is still the number one most valuable firm in India, followed closely by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, Bajaj Finance, and ITC.
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