"Top Companies Lose ₹2 Lakh Crore in Market Value as Stocks Slide; Only HDFC Bank Gains"

Nine of India’s 10 most valuable companies lost a total of ₹2,09,952 crore in market value last week, as the stock market took a sharp hit. Hindustan Unilever and Reliance Industries were among the biggest losers. Meanwhile, the BSE Sensex dropped 1,822 points, showing a 2.24% decline.

According to Prashanth Tapse, Senior VP at Mehta Equities, weak second-quarter earnings and ongoing foreign investor sell-offs are adding to investor worries, making things tougher for the market.

HDFC Bank was the only top-10 company to see a rise in value, gaining ₹46,891 crore.

Here’s a quick look at the losses:

• Hindustan Unilever: Lost ₹44,195 crore; now valued at ₹5,93,870 crore.
• Reliance Industries: Dropped by ₹41,994 crore, now worth ₹17,96,726 crore.
• State Bank of India (SBI): Lost ₹35,117 crore, with its value down to ₹6,96,655 crore.
• Bharti Airtel: Fell by ₹24,108 crore, now at ₹9,47,598 crore.
• Tata Consultancy Services (TCS): Lost ₹23,137 crore; new value at ₹14,68,183 crore.
• Life Insurance Corporation (LIC): Lost ₹19,797 crore, standing at ₹5,71,621 crore.
• Infosys: Fell by ₹10,629 crore, now worth ₹7,69,496 crore.
• ITC: Down by ₹5,690 crore, new value at ₹6,02,991 crore.
• ICICI Bank: Lost ₹5,280 crore, now valued at ₹8,84,911 crore.

Among these giants, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, ITC, Hindustan Unilever, and LIC.

Sources: Internet Sources & Twitter X 

Disclaimer: This article is posted after analysing the article which already available to the internet. We just add our view point in addition to the information available in the public sources. We never endorsed or motivate or prove any authenticity of the article from which it originally originated. We just add our flavour to the News already available to the internet or any other public sources. Thank You 😊