Top Companies Experience Market Value Drop: HDFC Bank Leads
Understanding the Recent Market Changes
New Delhi: Last week, eight of the top ten most valuable companies saw a significant drop in their market value. In total, these companies lost Rs 1,65,501.49 crore. HDFC Bank experienced the largest decrease. This happened as the overall stock market also declined.
How the Stock Market Performed
The BSE benchmark dropped by 1,070.39 points. This is a decrease of 1.30%. However, not all companies were affected equally. Some performed better than others.
Companies That Lost Value
Here are the companies that saw a decrease in their market value:
- HDFC Bank lost Rs 47,075.97 crore
- ICICI Bank lost Rs 30,677.44 crore
- Reliance Industries lost Rs 21,516.63 crore
- State Bank of India lost Rs 18,250.85 crore
- Hindustan Unilever Ltd lost Rs 16,388.4 crore
- Bharti Airtel lost Rs 15,481.22 crore
- Life Insurance Corporation of India (LIC) lost Rs 13,693.62 crore
- Bajaj Finance lost Rs 2,417.36 crore
Companies That Gained Value
Not all news was bad. Some companies saw their market value increase:
- TCS gained Rs 22,215.06 crore
- Infosys gained Rs 15,578.3 crore
Current Top 10 Most Valuable Companies
Here are the current top 10 most valuable companies:
- Reliance Industries Ltd
- HDFC Bank
- TCS
- Bharti Airtel
- ICICI Bank
- State Bank of India
- Infosys
- Life Insurance Corporation of India (LIC)
- Bajaj Finance
- Hindustan Unilever Ltd
Despite these changes, Reliance Industries remains the most valuable company. HDFC Bank and TCS are close behind.
