Top 10 Most-Valued Firms Lose Over Rs 52,600 Crore In Market Cap

The top 10 most-valued firms lost a cumulative Rs 52,673.8 crore in market valuation on Wednesday, with Tata Consultancy Services Ltd. and HDFC Bank Ltd. emerging as the biggest losers.

TCS witnessed a steep fall among the top 10 most-valued firms with a loss of Rs 23,300.5 crore, bringing its market capitalisation down to Rs 14.6 lakh crore. HDFC Bank saw a reduction of Rs 19,501.7 crore in its market cap, which now stands at Rs 12.8 lakh crore.

Reliance Industries Ltd. and State Bank of India lost Rs 11,773.2 crore and Rs 8,166 crore respectively. Infosys Ltd.'s market capitalisation fell Rs 5,418.7 crore to Rs 7.97 lakh crore, while ICICI Bank Ltd. saw a decrease of Rs 176.5 crore, bringing its market cap to Rs 8.91 lakh crore.

Hindustan Unilever Ltd. was the biggest gainer, and recorded an uptick of Rs 9,163.4 crore, taking its market cap to Rs 5.73 lakh crore. Bharti Airtel Ltd. experienced a rise of Rs 4,898.4 crore, bringing its market cap to Rs 9.15 lakh crore.

ITC Ltd. saw an increase of Rs 1,126.1 crore in its market cap, bringing it to Rs 5.63 lakh crore. HCL Technologies Ltd.'s market cap grew Rs 474.9 crore bringing it to Rs 5.24 lakh crore.

RIL retained its position as the most-valued firm, followed by TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, SBI, HUL, ITC and HCLTech.

The Indian equities ended lower for the second day in a row on Thursday as investors shed their risk appetite and raised guard before the start of the third-quarter earnings season.

The NSE Nifty 50 ended 162.45 points or 0.69% lower at 23,526.5, while BSE Sensex lost 528.28 points or 0.68% to close at 77,620.21. During the session, the Nifty declined as much as 0.78% to an intraday low of 23,503.05, while the Sensex fell 0.77% to 77,542.92

Oil & Natural Gas Corp. was the top loser among the Nifty stocks after gaining for two consecutive days. Bajaj Auto Ltd. rose the most among Nifty stocks after CLSA's rating upgrade to 'outperform'.