Market Valuation Rollercoaster: Winners and Losers in India's Stock Market
April 9, 2024, 9:45 pm
Location: India, Maharashtra, Navi Mumbai
Employees: 10001+
Founded date: 1966
Total raised: $22.14M
Last week, the market valuation of top companies in India experienced a wild ride, with some soaring to new heights while others plummeted into losses. Four of the top 10 firms added a whopping Rs 1,71,309.28 crore to their market valuation, led by HDFC Bank and LIC. On the flip side, six companies from the top 10 pack took a hit of Rs 78,127.48 crore, with Reliance Industries bearing the brunt of the losses.
The BSE benchmark climbed 596.87 points, hitting an all-time high of 74,501.73. Gainers from the top 10 pack included Tata Consultancy Services (TCS), HDFC Bank, State Bank of India, and LIC. Meanwhile, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC, and Hindustan Unilever faced losses in their valuation.
HDFC Bank's market valuation soared by Rs 76,880.74 crore, reaching Rs 11,77,065.34 crore, while LIC added Rs 49,208.48 crore, bringing its valuation to Rs 6,27,692.77 crore. TCS saw a rise of Rs 34,733.64 crore in its mcap, reaching Rs 14,39,836.02 crore, and State Bank of India's valuation went up by Rs 10,486.42 crore to Rs 6,82,152.71 crore.
However, Reliance Industries took a nosedive, losing Rs 38,462.95 crore in valuation, dropping to Rs 19,75,547.68 crore. Bharti Airtel's mcap eroded by Rs 21,206.58 crore, ICICI Bank's valuation dived by Rs 9,458.25 crore, and Infosys and ITC also faced declines in their market valuation.
Despite the ups and downs, Reliance Industries remained the most valued domestic firm by market valuation, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC, and Hindustan Unilever. The market saw winners and losers, showcasing the volatile nature of the stock market.
On the other hand, India's overall market capitalization crossed the Rs 400 trillion mark for the first time, driven by a rebound in small-cap companies. The Nifty Smallcap 100 index rallied over 12% during its 12-session gaining streak, inching closer to a new high. The Sensex and Nifty also hit fresh record highs, reflecting the overall positive trend in equities.
Market players attributed the gains to strong domestic macro and inflows, with vibrant participation from retail investors. The market's journey was a rollercoaster of highs and lows, showcasing the unpredictable nature of the stock market.
The BSE benchmark climbed 596.87 points, hitting an all-time high of 74,501.73. Gainers from the top 10 pack included Tata Consultancy Services (TCS), HDFC Bank, State Bank of India, and LIC. Meanwhile, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC, and Hindustan Unilever faced losses in their valuation.
HDFC Bank's market valuation soared by Rs 76,880.74 crore, reaching Rs 11,77,065.34 crore, while LIC added Rs 49,208.48 crore, bringing its valuation to Rs 6,27,692.77 crore. TCS saw a rise of Rs 34,733.64 crore in its mcap, reaching Rs 14,39,836.02 crore, and State Bank of India's valuation went up by Rs 10,486.42 crore to Rs 6,82,152.71 crore.
However, Reliance Industries took a nosedive, losing Rs 38,462.95 crore in valuation, dropping to Rs 19,75,547.68 crore. Bharti Airtel's mcap eroded by Rs 21,206.58 crore, ICICI Bank's valuation dived by Rs 9,458.25 crore, and Infosys and ITC also faced declines in their market valuation.
Despite the ups and downs, Reliance Industries remained the most valued domestic firm by market valuation, followed by TCS, HDFC Bank, ICICI Bank, State Bank of India, Bharti Airtel, LIC, Infosys, ITC, and Hindustan Unilever. The market saw winners and losers, showcasing the volatile nature of the stock market.
On the other hand, India's overall market capitalization crossed the Rs 400 trillion mark for the first time, driven by a rebound in small-cap companies. The Nifty Smallcap 100 index rallied over 12% during its 12-session gaining streak, inching closer to a new high. The Sensex and Nifty also hit fresh record highs, reflecting the overall positive trend in equities.
Market players attributed the gains to strong domestic macro and inflows, with vibrant participation from retail investors. The market's journey was a rollercoaster of highs and lows, showcasing the unpredictable nature of the stock market.