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.
Bu hikaye The Business Guardian dergisinin February 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin February 19, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Swati Maliwal assault case: Court seeks response of Bibhav Kumar on plea
A Session court at Tis Hazari, on Monday sought the response of accused Bibhav Kumar in the AAP MP Swati Maliwal assault case on Delhi police's plea.
There is decline of native fish in Yamuna, rise of exotic species: NGT
In its order dated November 7, a bench of NGT Chairperson Justice Prakash Shrivastava noted that the CIFRI had filed its reply dated September 19, which supported the plea for a decrease in local fish species.
Yasin Malik ends hunger strike, receives medical aid: Tihar to HC
The Tihar jail authorities informed the Delhi High Court on Monday that separatist leader and convicted Yasin Malik ended his hunger strike on November 8, 2024, and is being provided with the necessary medical treatment in accordance with jail rules.
JD(S) condemns 'Racial Slurs' by Minister Against Kumaraswamy
Janata Dal Secular on Monday strongly condemned the \"racist remarks\" made by Karnataka Minister Zameer Ahmed Khan for Union Minister HD Kumaraswamy.
Malabar Gold & Diamonds Launches 'Swarnakriti' - An Exquisite Collection of Handcrafted Gold Jewellery
Malabar Gold & Diamonds, the responsible jeweller and one of the world's largest gold and diamond retail chains, announces the launch of its exclusive new collection, 'Swarnakriti'.
Govt urges LG to hire 10K bus marshals amid rising crimes against women
Delhi Chief Minister Atishi on Monday said her government is sending a proposal to Lieutenant Governor VK Saxena for the formulation of a policy on retaining 10,000 bus marshals on a permanent basis.
LG approves hiring of 1,463 healthcare workers
Lieutenant Governor of Delhi VK Saxena on Monday had approved the recruitment of 1463 healthcare professionals, including 701 nurses and 762 paramedical staff, on an outsourced basis in order to address the shortage of personnel and improve Delhi's public healthcare infrastructure.
Delhi Police busts inter-state gun syndicate, 18 arrested
The Delhi Police has busted an inter-state syndicate of gun dealers and arrested 18 members of the gang in a month-long operation, officials said on Monday.
BJP criticises the AAP for mishandling the situation of civil defense volunteers
The Delhi unit of the Bharatiya Janata Party (BJP) has criticized the Aam Aadmi Party (AAP) for allegedly mishandling the situation of civil defense volunteers.
Uttarakhand High Court Allows Wife's Plea To Become Guardian Of Comatose Husband
The Uttarakhand High Court in the case Kamakshee Bisht Versus State Of Uttarakhand & others observed and has allowed the application of a wife who sought guardianship of her husband who is in a state of coma and deeply bedridden.
