Market capitalisation of top 10 valued companies plummets by ₹1.36 lakh crore, Reliance worst hit
Extending losing streak for the sixth consecutive week, the BSE benchmark index, Sensex, dropped 742.12 points or 0.92 per cent, and the NSE Nifty declined 202.05 points or 0.82 per cent.
Despite the valuation drop, RIL remains the most valued company in the country, followed by private sector lender HDFC Bank, IT company Tata Consultancy Services (TCS), telecom major Bharti Airtel, banking major ICICI Bank, public sector lending leader State Bank of India (SBI), IT giant Infosys, FMCG leader Hindustan Unilever (HUL), insurance behemoth Life Insurance Corporation of India (LIC), and financing major Bajaj Finance.
From the top 10 pack, Reliance, HDFC Bank, Airtel, ICICI Bank, Infosys and HUL faced erosion in their valuations, the report added. RIL valuation tumbled ₹ 34,710.8 crore to ₹ 18,51,174.59 crore.
34,710.8 crore to 18,51,174.59 crore. HDFC Bank's mcap tanked ₹ 29,722.04 crore to ₹ 15,14,303.58 crore.
29,722.04 crore to 15,14,303.58 crore. The mcap of ICICI Bank fell by ₹ 24,719.45 crore to ₹ 10,25,495.69 crore.
24,719.45 crore to 10,25,495.69 crore. Infosys value dropped by ₹ 19,504.31 crore to ₹ 5,91,423.02 crore.
19,504.31 crore to 5,91,423.02 crore. The valuation of Bharti Airtel declined by ₹ 15,053.55 crore to ₹ 10,59,850.32 crore.
15,053.55 crore to 10,59,850.32 crore. HUL lost ₹ 5,87,021.88 crore to tumble to ₹ 12,441.09 crore.
Meanwhile, among the top 10, TCS, SBI, LIC, and Bajaj Finance were the gainers. The mcap of LIC jumped ₹ 17,678.37 crore to ₹ 5,77,187.67 crore.
17,678.37 crore to 5,77,187.67 crore. The valuation of TCS climbed ₹ 11,360.8 crore to ₹ 10,97,908.66 crore.
11,360.8 crore to 10,97,908.66 crore. SBI added ₹ 9,784.46 crore, taking its valuation to ₹ 7,42,649.34 crore.
9,784.46 crore, taking its valuation to 7,42,649.34 crore. Bajaj Finance went up by ₹ 186.43 crore to ₹ 5,45,148.52 crore.
(With inputs from PTI)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
2 hours ago
- Mint
Dividend Stocks: InterGlobe Aviation, Akzo Nobel, ICICI Bank, among others to trade ex-dividend next week; Full list
Dividend Stocks: Shares of major companies, including InterGlobe Aviation, Akzo Nobel India, Grasim Industries, ICICI Bank, Reliance Industries, Castrol India, Container Corporation of India and Kalyani Steels, are among others that will trade ex-dividend in the week starting Monday, 11 August 2025. The ex-dividend date is when the equity share price adjusts itself to reflect the next dividend payout. This day, the stock becomes ex-dividend, which means the shares do not carry the value of their next dividend payment from that day forward. The dividend issue will be payable to all the shareholders whose names appear on the company's list by the end of the record date. According to BSE data, many companies also announced other corporate actions, including bonus issues and stock splits. Akzo Nobel India Ltd, Castrol India Ltd, Globus Spirits Ltd, GPT Infraprojects Ltd, Indo Count Industries Ltd, Jio Financial Services Ltd, K.P. Energy Ltd, KPI Green Energy Ltd, Kalyani Steels Ltd, Neelamalai Agro Industries Ltd, Rashi Peripherals Ltd, Shri Dinesh Mills Ltd, Starteck Finance Ltd, and Tainwala Chemicals and Plastics (India) Ltd. Arvind Fashions Ltd, Axtel Industries Ltd, Dwarikesh Sugar Industries Ltd, Grasim Industries Ltd, H.G. Infra Engineering Ltd, ICICI Bank Ltd, India Pesticides Ltd, KIFS Financial Services Ltd, NGL Fine Chem Ltd, and RITES Ltd. Brigade Enterprises Ltd, Container Corporation of India Ltd, Crestchem Ltd, Dai-Ichi Karkaria Ltd, Godrej Consumer Products Ltd, HEG Ltd, InterGlobe Aviation Ltd, MPS Ltd, NBCC (India) Ltd, Page Industries Ltd, Pidilite Industries Ltd, Hitachi Energy India Ltd, QGO Finance Ltd, RailTel Corporation of India Ltd, Rain Industries Ltd, South Indian Bank Ltd, and Sun TV Network Ltd. Action Construction Equipment Ltd, Alkali Metals Ltd, Amal Ltd, Anuh Pharma Ltd, Arunis Abode Ltd, Astral Ltd, Bandhan Bank Ltd, Bharat Electronics Ltd, Bhagiradha Chemicals & Industries Ltd, Denta Water and Infra Solutions Ltd, Everest Kanto Cylinder Ltd, Electrosteel Castings Ltd, Emcure Pharmaceuticals Ltd, Excel Industries Ltd, Five-Star Business Finance Ltd, Gland Pharma Ltd, Godawari Power and Ispat Ltd, Hindustan Petroleum Corporation Ltd, Housing & Urban Development Corporation Ltd, International Gemmological Institute India Ltd, Jindal Drilling & Industries Ltd, Kovai Medical Center & Hospital Ltd, LG Balakrishnan & Bros Ltd, Lloyds Engineering Works Ltd, Maharashtra Seamless Ltd, Manappuram Finance Ltd, Mangalore Chemicals & Fertilizers Ltd, Mangalam Cement Ltd, Mahanagar Gas Ltd, Minda Corporation Ltd, Morganite Crucible India Ltd, Munjal Auto Industries Ltd, Murudeshwar Ceramics Ltd, Nath Bio-Genes (India) Ltd, NCC Ltd, NMDC Ltd, REC Ltd, Reliance Industries Ltd, Repco Home Finance Ltd, Rossell India Ltd, Raghav Productivity Enhancers Ltd, Sahyadri Industries Ltd, Shiva Texyarn Ltd, Star Cement Ltd, Tourism Finance Corporation of India Ltd, Uniparts India Ltd, Vaibhav Global Ltd, West Coast Paper Mills Ltd, ZEN Technologies Ltd, and Zinema Media And Entertainment Ltd. VRL Logistics Ltd: declared a bonus issue of shares at a ratio of 1:1. Shares will trade ex-bonus on Thursday, 14 August 2025. A bonus issue is a corporate action that allows existing shareholders to subscribe for additional shares. Instead of increasing the dividend payout, companies offer to distribute additional shares to the shareholders. For example, the company may give out one bonus share for every ten shares held. India Glycols Ltd will undergo a stock split from ₹ 10 to ₹ 5. Shares will trade ex-split on Tuesday, 12 August 2025. Sprayking Ltd will undergo a stock split from ₹ 2 to Re 1. Shares will trade ex-split on Tuesday, 12 August 2025. A stock split is a corporate action that occurs when a company issues additional shares to shareholders to boost liquidity. The total number of shares issued is increased by a specified ratio based on previously held shares. However, if the number of shares outstanding increases by a specific multiple, the total value (in rupees) of all shares outstanding remains the same because a split does not change the company's value. Most common split ratios are 2-for-1 or 3-for-1 (marked as 2:1 or 3:1). For every share held before the split, each stockholder will have two or three shares, respectively, after the split. Capital Infra Trust: Income Distribution (InvIT) on Monday, 11 August 2025. Ind-Swift Ltd: Amalgamation on Thursday, 14 August 2025. Interise Trust: Income Distribution (InvIT) on Thursday, 14 August 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
2 hours ago
- Business Standard
ICICI Bank faces netizen ire for raising min balance requirement to ₹50,000
ICICI Bank, India's second-largest private sector lender, is facing significant backlash from customers on social media after raising the minimum monthly average balance (MAB) for new savings accounts in metro and urban areas to ₹50,000, effective 1 August. As per the bank, in metro and urban areas, the MAB will be ₹50,000, up from the earlier ₹10,000. Similarly, in semi-urban branches, it will rise to ₹25,000 from ₹5,000, while in rural branches, the requirement will double to ₹10,000 from ₹5,000. MAB is the simple average of day-end balances for a calendar month. 'Majority of Indians earn below ₹25,000 monthly. So ICICI Bank wants them to keep two months' salary as minimum balance in their account,' wrote a social media user on 'X'. Another user wrote on X, 'Every bank should have a basic savings account without any requirement of balance.' Meanwhile, on LinkedIn, a user wrote, '₹50,000 is 2–3 months' income for millions of Indians. In rural India, ₹10,000 is the difference between survival and debt. The role of banks should be financial inclusion — helping more people access the system, build savings, and grow wealth. ICICI Bank is doing the exact opposite: shutting the door on those who need it most.' Other large private sector lenders such as HDFC Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, Yes Bank, and others have a lower MAB requirement of ₹10,000 in metro and urban centres. In contrast, state-owned lenders such as State Bank of India, Bank of Baroda, Union Bank of India, and others have waived the minimum account balance requirements recently for customer convenience. Another user on LinkedIn wrote, 'This major hike (in MAB) is expected to impact customers, especially from rural and semi-urban areas. Customers who are not able to maintain the required balance may face penalty charges, which could cause financial strain for low-income holders.'
Mint
2 hours ago
- Mint
Market capitalisation of top 10 valued companies plummets by ₹1.36 lakh crore, Reliance worst hit
A bearish drag on equities pulled the cumulative market capitalisation (m-cap) of the top 10 most valued companies in India sharply by ₹ 1.36 crore ( ₹ 1,36,151.24 crore) over the past week, with conglomerate Reliance Industries (RIL) taking the worst hit, according to a report by PTI. Extending losing streak for the sixth consecutive week, the BSE benchmark index, Sensex, dropped 742.12 points or 0.92 per cent, and the NSE Nifty declined 202.05 points or 0.82 per cent. Despite the valuation drop, RIL remains the most valued company in the country, followed by private sector lender HDFC Bank, IT company Tata Consultancy Services (TCS), telecom major Bharti Airtel, banking major ICICI Bank, public sector lending leader State Bank of India (SBI), IT giant Infosys, FMCG leader Hindustan Unilever (HUL), insurance behemoth Life Insurance Corporation of India (LIC), and financing major Bajaj Finance. From the top 10 pack, Reliance, HDFC Bank, Airtel, ICICI Bank, Infosys and HUL faced erosion in their valuations, the report added. RIL valuation tumbled ₹ 34,710.8 crore to ₹ 18,51,174.59 crore. 34,710.8 crore to 18,51,174.59 crore. HDFC Bank's mcap tanked ₹ 29,722.04 crore to ₹ 15,14,303.58 crore. 29,722.04 crore to 15,14,303.58 crore. The mcap of ICICI Bank fell by ₹ 24,719.45 crore to ₹ 10,25,495.69 crore. 24,719.45 crore to 10,25,495.69 crore. Infosys value dropped by ₹ 19,504.31 crore to ₹ 5,91,423.02 crore. 19,504.31 crore to 5,91,423.02 crore. The valuation of Bharti Airtel declined by ₹ 15,053.55 crore to ₹ 10,59,850.32 crore. 15,053.55 crore to 10,59,850.32 crore. HUL lost ₹ 5,87,021.88 crore to tumble to ₹ 12,441.09 crore. Meanwhile, among the top 10, TCS, SBI, LIC, and Bajaj Finance were the gainers.
