Top Indian Corporations Lose Rs 1.13 Lakh Crore in Market Valuations

Seven of India's ten largest companies saw significant declines in market capitalization last week, with Bharti Airtel and Reliance Industries experiencing the steepest drops amid global interest rate concerns.

30 Aug, 05:51 — 30 Aug, 05:51

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economic-times3d ago

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit

Last week observed a notable decline in market valuations, with seven out of the ten top firms witnessing a reduction of Rs 1.13 lakh crore. The greatest impact was felt by Bharti Airtel and Reliance Industries, linked to concerns over global interest rates and geopolitical instability. Nonetheless, there was robust buying in IT stocks, which facilitated a recovery in the market on Friday.

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Top Indian Corporations Lose Rs 1.13 Lakh Crore in Market Valuations

Sources

7 of top 10 firms shed Rs 1.13 lakh cr in m-cap; Airtel, Reliance worst hit

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