Mcap of 8 of 10 most-valued firms erode Rs 1.65 trn; SBI, HDFC top losers

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Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities.

State Bank's market valuation eroded by Rs 34,984.51 crore to Rs 7,17,584.07 crore.

The valuation of HDFC Bank tanked by Rs 46,729.51 crore to Rs 12,94,025.23 crore.

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Category: BusinessFinance

Markets: India

Topics: Bharti Airtel Ajit Mishra Svp TATA CONSULTANCY SERVICES Infosys RELIGARE HDFC Bank Health Insurance ICICI Bank NIFTY 50 Life Insurance Corporation Reliance Industries HDFC Life Banks (NEC) Life Insurance HINDUSTAN UNILEVER Personal Products (NEC) State Bank of India Research Nanak Jayanti SVP Life Insurance Corporation of India Wireless Telecoms Service Providers BSE SENSEX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 10:21:14 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23624811

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