Top firms see ₹3 lakh cr market cap erosion
after close1 source ↓written by the desknot a recommendation
- last week
- ₹3 lakh cr
- valuations dropping
- ₹90,198.92 cr
- respectively
- ₹70,780.23 cr
- benchmark declined
- 953.64 points
- 1.14%
The combined market valuation of six of the top 10 valued firms fell by ₹3 lakh cr last week, driven by a bearish trend in equities. TCS and Infosys were the largest laggards, with valuations dropping by ₹90,198.92 cr and ₹70,780.23 cr respectively. Other affected firms included HDFC Bank and Reliance Industries.
The BSE benchmark declined by 953.64 points, or 1.14%, highlighting the overall market weakness. Immediate implications suggest cautious sentiment among investors as major players face significant valuation losses.
Not investment advice. For informational purposes only.