Aggregate market capitalization of five largest companies fell by 1 trillion rupees, with TCS recording the largest decline

August 16, 09:01

Over the past week, the BSE Sensex index dropped by 489.92 points, representing 0.62 percent, while the NSE Nifty index fell by 204.65 points, or 0.83 percent. Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd, noted that markets closed lower due to high crude oil prices, renewed geopolitical uncertainty, and ambiguous global signals, which negatively affected investor sentiment.

Among the companies whose valuation declined were Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, and Tata Consultancy Services (TCS). However, among the top 10 companies, Bharti Airtel, Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC), and Hindustan Unilever emerged as winners. These five firms collectively added 55,149.45 crore rupees to their market value.

Specifically, TCS's market value shrank by 34,263.28 crore rupees, reaching 853,506.85 crore rupees. Similarly, Reliance Industries' valuation decreased by 31,869.13 crore rupees, amounting to 1,770,056.06 crore rupees, and State Bank of India lost 25,891.88 crore rupees, bringing its value to 985,829.96 crore rupees.

HDFC Bank's market capitalization slightly decreased by 7,165.37 crore rupees, standing at 1,120,802.10 crore rupees, while ICICI Bank reduced by 2,792.65 crore rupees, reaching 1,017,577.98 crore rupees.

Meanwhile, LIC's value increased by 26,438.49 crore rupees, reaching 523,330.31 crore rupees. Bharti Airtel's market capitalization sharply rose by 20,592.13 crore rupees, reaching 1,243,016.11 crore rupees, and Bajaj Finance grew by 3,548.79 crore rupees, reaching 677,197.34 crore rupees.

Larsen & Toubro added 2,490.66 crore rupees to its valuation, which is now 558,973.11 crore rupees. Hindustan Unilever's market capitalization increased by 2,079.38 crore rupees, reaching 490,888.35 crore rupees. Reliance Industries maintained its status as the most valuable domestic company, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.

www.aajtak.inAugust 12, 09:24

Tata Group shares sharply decline after N. Chandrasekaran's resignation, total loss exceeds 50 billion rupees

N. Chandrasekaran resigned as chairman of Tata Sons. As soon as the resignation became known, all Tata Group shares experienced a significant drop during the day. The shares of Tata Consultancy Services (TCS), Tejas Networks, and Tata Motors were the hardest hit.

The overall decline in Tata Group shares led to a substantial decrease in the group's market capitalization, amounting to over 50,000 crore rupees. N. Chandrasekaran stated that he would not seek the chairmanship position again after leaving the post. He left office before the Tata Group's Annual General Meeting (AGM) scheduled for August 18, but he will remain a member of the board of directors.

Following the announcement of his resignation, TCS shares fell by 5%, becoming the most heavily declining stock among Tata Group's papers. Tejas Networks shares lost 2.17%, and Tata Motors showed a decline of 1.65%.

Tata Communications shares also dropped by 1.25%, and Tata Elexi decreased by 1.19%. Tata Power shares fell by 1.09%, and Tata Steel by 0.99%. Indian Hotels shares declined by 0.83%, Tata Teleservices (Maharashtra) shares by 0.80%, and Voltas by 0.56%. Smaller companies, such as Tata Capital, showed a drop of 0.23%, and Trent by 0.13%.

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Aggregate market capitalization of five largest companies fell by 1 trillion rupees, with TCS recording the largest decline

Tata Group shares sharply decline after N. Chandrasekaran's resignation, total loss exceeds 50 billion rupees