Six of India's top 10 most valued firms, including LIC and TCS, lost a combined market value of over 71,414 crore in one week. LIC emerged as the biggest laggard, with its market valuation falling by ₹26,217.12 crore to ₹6,57,420.26 crore.
TCS's market valuation tumbled by ₹18,762.61 crore to ₹14,93,980.70 crore. The market capitalisation of ITC eroded by 13,539.84 crore to ₹5,05,092.18 crore, while that of Hindustan Unilever diminished 11,548.24 crore to ₹5,58,039.67 crore. Market valuation of Bharti Airtel declined 703.60 crore to ₹6,30,340.9 crore, and that of Reliance Industries dipped by 642.62 crore to ₹19,76,493.92 crore. On the other hand, State Bank of India, Infosys, HDFC Bank and ICICI Bank emerged as the gainers, collectively adding ₹62,038.86 crore. However, in the same week, the BSE benchmark climbed 831.15 points or 1.16 per cent.
The stock market has been on a rollercoaster ride in recent months, with investors grappling with a range of uncertainties, including the impact of the pandemic, inflation, and geopolitical tensions. The market's volatility has been reflected in the performance of some of India's top companies, with many seeing their market valuations fluctuate wildly in recent weeks. While some companies have managed to weather the storm, others have seen their fortunes take a turn for the worse.
The recent decline in the market value of six of India's top companies is a reminder of the challenges that businesses face in today's uncertain economic climate.
Despite the recent decline in the market value of some of India's top companies, there are reasons to be optimistic about the future.
Denne historien er fra February 19, 2024-utgaven av The Business Guardian.
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Denne historien er fra February 19, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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LG direct for immediate appointment of 2,346 Home Guards
Delhi Lieutenant Governor, Vinai Kumar Saxena has directed for the immediate appointment of 2,346 Home Guards, who have qualified for their Physical Measurement and Efficiency Test (PMET) and written test, even as other vacancies amounting to 7,939 await outcome of two pending court cases, said an official statement from Lieutenant Governor office on Tuesday.
'Discoms colluding with AAP for windfall gains'
The Delhi BJP on Tuesday submitted a memorandum to Lieutenant Governor VK Saxena, calling for an investigation into alleged financial irregularities in the power distribution companies, or discoms.
Delhi faces unusually high temperatures in Nov
This year, however, daytime temperatures have not fallen below 30 degrees Celsius, with the lowest recorded so far at 31 degrees Celsius.
SUPREME COURT DIRECTED PUNJAB GOVT, SEC TO NOTIFY MUNICIPALITY ELECTIONS IN 2 WEEKS; TO BE COMPLETED IN 8 WEEKS THEREAFTER
The Supreme Court in the case The State of Punjab and Ors. Versus Beant Kumar And Anr modified the Punjab and Haryana High Court order which directed that Punjab municipality elections be notified within 15 days.
HC pulls up Delhi Govt Finance Dept for delayed funds to Asha Kiran
During the hearing, the bench expressed strong disapproval, stating, \"The urgency is not impressed upon you... 14 people have died... You should have called the MCD official and asked him the queries.\"
Govt. distributes heaters to curb winter pollution and help night workers
The Aam Aadmi Party (AAP) government has launched a campaign to distribute electric heaters to night security guards in an effort to reduce air pollution in Delhi.
OVER 2.7 LAKH VEHICLES FINED FOR LACK OF PUC SINCE JAN 1
Delhi Traffic Police has issued over 2.70 lakh challans to vehicle owners for driving without a pollution under control (PUC) certificate between January 1 and October 31 this year, the highest in three years, official data showed.
AAP TO CONDUCT SURVEY FOR ALL SEATS
Ahead of the polls, Kejriwal and other senior AAP leaders are holding gatherings at the district level to prepare the party workers for campaigning. No matter who contests on AAP ticket, the party workers should think as though the former chief minister was fighting on all the 70 seats and should have their allegiance to him only, Kejriwal has said.
MCD fines Rs 2.69 cr for violations of dust pollution norms
The Municipal Corporation of Delhi (MCD) has issued fines amounting to Rs 2.69 crore for violation of dust control norms during construction and demolition (C&D) activities between April and October this year, according to official data.
Supreme Court Dismissed Man's Petition To Deactivate 'Machine' Controlling His Brain: 'Bizarre'
The Supreme Court in the case observed and has dismissed a petition filed by a man who alleged that his brain was being controlled by other persons through a machine.
