Top firms lose ₹1 lakh crore in market value; TCS hit hardest
pre-market1 source ↓written by the desknot a recommendation
- last week
- ₹1 lakh crore
- largest drop
- ₹34,263.28 crore
- falling
- 489.92 points
- amid rising crude
- 204.65 points
- now stands
- ₹8,53,506.85 crore
The combined market valuation of five of the top-10 most valued firms declined by ₹1 lakh crore last week, with TCS facing the largest drop of ₹34,263.28 crore. This decline is attributed to bearish trends in equities, with the BSE Sensex falling 489.92 points and the NSE Nifty dropping 204.65 points amid rising crude oil prices and geopolitical uncertainties.
• TCS market valuation now stands at ₹8,53,506.85 crore
• Other firms like Reliance, HDFC Bank, and ICICI Bank also saw significant losses.
• Conversely, Bharti Airtel and Bajaj Finance gained in valuation, adding ₹55,149.45 crore collectively.
Not investment advice. For informational purposes only.