Five of top 10-firms lose ₹86,447 crore in m-cap; Infosys, TCS, SBI hit hard
The Hindu
Infosys, Tata Consultancy Services and State Bank of India took the biggest hit last week as five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation.
Five of the top 10 most valued firms together lost ₹86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit.
Last week, the BSE benchmark fell 462.8 points or 0.79%.
While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains.
The market capitalisation (mcap) of Infosys tumbled by ₹25,217.2 crore to ₹5,72,687.97 crore.
The valuation of State Bank of India fell ₹21,062.08 crore to ₹4,51,228.38 crore, and that of TCS tanked ₹21,039.55 crore to ₹11,42,154.59 crore.
The mcap of Reliance Industries declined by ₹13,226.53 crore to ₹14,90,775.40 crore, and HDFC Bank dipped ₹5,901.76 crore to ₹8,71,416.33 crore.
However, ICICI Bank added ₹10,905.18 crore, taking its valuation to ₹5,94,888.25 crore.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday
Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
Meta’s poaching of Apple's Alan Dye underscores its push to expand consumer hardware beyond its smart glasses