Mcap of 6 of top-10 most-valued firms erode Rs 1.55 trn; RIL top laggard

Q: How long will it take to read this news story?

The story "Mcap of 6 of top-10 most-valued firms erode Rs 1.55 trn; RIL top laggard" has 431 words across 17 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Mcap of 6 of top-10 most-valued firms erode Rs 1.55 trn; RIL top laggard" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 299 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23487214</li><li>URL: https://beamstart.com/news/mcap-of-6-of-top-17312177171966</li></ul>

Business Standard Logo Business Standard 1w ago

Mcap of 6 of top-10 most-valued firms erode Rs 1.55 trn; RIL top laggard - Business Standard

Quick Summary:

While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.

The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.

The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore.