Top 10 firms lose ₹1.55 trillion in mcap as HDFC Bank, Bajaj Finance fall
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The combined market valuation of eight of the top 10 most valuable firms fell by ₹1.55 trillion last week.
- ✓HDFC Bank and Bajaj Finance led the losses as the BSE Sensex tumbled 1,605.44 points.
- ✓While many stocks fell, Tata Consultancy Services and Larsen & Toubro managed to show gains instead.
Story at a Glance
- Category
- MARKET
- Reported By
- Business Standard
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The combined market valuation of eight of the top 10 most valuable firms fell by ₹1.55 trillion last week, with HDFC Bank and Bajaj Finance accounting for most of the losses.
In a holiday-truncated week, the 30-share BSE Sensex tumbled 1,605.44 points, or 2.15 per cent, while the 50-share NSE Nifty slumped 546.15 points, or 2.36 per cent.
Tracking the weak trend in equities, the total market capitalisation of BSE-listed firms fell by ₹20,78,774.28 crore over four sessions to ₹4,51,83,393.14 crore from ₹4,72,62,167.42 crore recorded on October 16.
Among the top 10 listed companies, eight lost ₹1,55,671.9 crore, while two, Tata Consultancy Services and Larsen & Toubro, closed the week with valuation gains.
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