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HDFC Bank leads as top 5 firms shed Rs 1.67 trn in market cap

The Business Guardian

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January 22, 2024

Last week witnessed a collective erosion of Rs 1,67,936.21 crore in the market valuation of five among the top 10 valued firms, with HDFC Bank emerging as the primary laggard.

HDFC Bank leads as top 5 firms shed Rs 1.67 trn in market cap

During the week, the 30-share BSE benchmark experienced a decline of 1,144.8 points, marking a 1.57% decrease. Both the NSE and BSE conducted regular trading sessions on January 20.

Among the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever, and State Bank of India encountered a reduction in their valuation. On the other hand, ICICI Bank, Infosys, Bharti Airtel, Life Insurance Corporation of India (LIC), and ITC saw gains.

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