HDFC bank, Reliance Industries
Market valuation plummets: Top 10 firms lost Rs 4.74 trn, Reliance and HDFC bank hit hard
Nine of India's top 10 most valued firms collectively lost a staggering Rs 4,74,906.18 crore in market capitalization last week as Reliance Industries and HDFC Bank have taken the biggest blows in this turbulent equity market.
Market Meltdown: Mcap of nine of top-10 most valued firms erodes by ₹4.74 lakh crore, Reliance, HDFC worse hit
HDFC Bank, another heavyweight, wasn't spared either, with its valuation dropping by ₹ 72,919.58 crore to ₹ 12,64,267.35 crore. Bharti Airtel and ICICI Bank also felt the heat, losing ₹ 53,800.31 crore and ₹ 47,461.13 crore in market cap, respectively, as per the report.
HDFC Bank, LIC, 2 other firms lose nearly Rs 3.5 lakh crore mcap in a week
Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities.
M-cap of nine of top 10 firms drops by nearly Rs 5 lakh crore; RIL, HDFC Bank worst hit
Nine of the top 10 most valued firms lost a total of Rs 4,74,906.18 cr in market value last week. The largest losses were seen by Reliance Industries and HDFC Bank. Market trends were weak due to tensions in the Middle East.
Nine of top-10 most valued firms shed over Rs 4000 crore in market valuation
The valuation of Reliance Industries declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore while the HDFC Bank's market valuation slumped by Rs 72,919.58 crore to Rs 12,64,267.35 crore.
Nine most-valued firms lost Rs 4.74 lakh crore in combined market valuation; RIL, HDFC Bank biggest losers
The Sensex dropped about 1,600 points from day’s high, while the Nifty looked poised to test the sub-25,000 level in a brisk selling on October 4 afternoon amid fears Israel was planning a significant retaliation following Iran’s missile attacks,
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