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Top 10 Indian firms lose Rs 1.52 lakh cr in m-cap
The Business Guardian
|October 23, 2023
In the past week, India’s top 10 most valuable companies witnessed a collective drop in market capitalization, with significant losses incurred primarily by Reliance Industries and Tata Consultancy Services (TCS), as the equity market faced a period of weakness.
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The BSE benchmark index, Sensex, reported a decline of 885.12 points, equivalent to a 1.33 percent decrease in the last week. This downturn significantly impacted the combined market valuation of the top 10 companies, resulting in a staggering loss of Rs 1,52,979.78 crore.
Reliance Industries, a conglomerate with interests in petrochemicals, retail, and telecommunications, took a substantial hit, with its market valuation plunging by Rs 34,876.78 crore, reducing it to Rs 15,55,531.53 crore.
Dit verhaal komt uit de October 23, 2023-editie van The Business Guardian.
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