&w=3840&q=100)
Mcap of 6 top valued cos erodes by ₹70,325.5 cr; HDFC, ICICI major laggards
Last week, the BSE benchmark Sensex dropped 626.01 points or 0.74 per cent.
In the top-10 pack, Reliance Industries, State Bank of India, Infosys and Hindustan Unilever Ltd were the gainers, while HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market valuation.
The valuation of Bajaj Finance dropped by ₹13,236.44 crore to ₹5,74,977.11 crore and that of LIC diminished by ₹10,246.49 crore to ₹5,95,277.16 crore.
TCS faced an erosion of ₹8,032.15 crore from its market capitalisation (mcap) which stood at ₹12,37,729.65 crore.
The mcap of Bharti Airtel fell by ₹5,958.7 crore to ₹11,50,371.24 crore.
However, the market valuation of Reliance Industries jumped ₹15,359.36 crore to ₹20,66,949.87 crore.
Infosys added ₹13,127.51 crore in its valuation to ₹6,81,383.80 crore.
The mcap of Hindustan Unilever climbed ₹7,906.37 crore to ₹5,49,757.36 crore and that of State Bank of India went up by ₹5,756.38 crore to ₹7,24,545.28 crore.
In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance and Hindustan Unilever Ltd.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Mukesh Ambani bets big on US gas as Trump's trade war reshapes global energy, all you need to know
Mukesh Ambani, Asia's richest man, is racing to buy American ethane gas as a shield against President Trump's trade war. His company Reliance Industries imports 1.6 million tonnes yearly from US shale fields, shipped in giant tankers to Gujarat factories. This cheap gas replaces costlier oil-based naphtha for making plastics, saving $450 million annually. With Trump threatening 26% 'reciprocal tariffs' on Indian goods by July 9, Ambani's bet positions India as a key buyer of US energy, potentially easing tensions over India's $43 billion trade surplus with America. His fleet of six specialized ethane tankers now anchors this strategy, according to a Bloomberg report. India's state-run GAIL is also trying to replicate Ambani's tactics to stay ahead in the race. It just sought 20-year contracts for US ethane tankers after government policies slashed its natural gas supply, hurting profits. Like Reliance, GAIL will pipe ethane to its chemical plants to replace naphtha. The shift is urgent: Ethane costs half as much as naphtha and produces more plastic per tonne. Even Qatar now charges extra for ethane in gas sold to India, forcing firms like GAIL to seek US alternatives. Analysts call this a 'permanent shift' as shale gas floods global markets. Trump's trade wars make Ambani's move timely. China once bought most US ethane, but Trump's tariffs and 'decoupling' push have stalled deals. India now grabs this surplus, though it can't match China's Apple's plan to make iPhones in India faces Trump's wrath over 'massive tariffs,' showing New Delhi's precarious position. By boosting US energy purchases, India hopes to avoid auto and textile tariffs. Reliance's pipeline network and new ships strengthen its role as a 'pressure valve' in US-India trade talks. The Ambani-Trump connection runs deep. Ivanka attended Ambani's son's $600 million wedding, while Trump hosted the family at his pre-inauguration gala. Now, their interests align commercially: Trump needs foreign buyers for US shale gas, while Ambani seeks cheap raw materials. As Reliance orders three more ethane tankers, experts warn India's oil refineries may become obsolete.
India.com
3 hours ago
- India.com
Anil Ambani's precious thing, which he kept with himself even when he lost all his money, it is worth Rs...
Business tycoon and chairman of Reliance Industries, Mukesh Ambani's younger brother, Anil Ambani, was once the sixth richest person in the 2000s. However, his fate had something else in store for him. He had a wealth of 42 billion dollars, but wrong decisions, poor policies to expand his business, and debt broke him so much that he declared himself bankrupt. The businessman witnessed many highs and lows as debt of millions of crores of rupees kept piling up on him. However, even during these days, Anil Ambani had a special possession which he did not leave. Scroll down to read about it. When Anil Ambani Declared Himself Bankrupt In 2020, Anil Ambani declared himself bankrupt in front of a London court and said that he did not have enough money to bear his expenses or pay the lawyer's fees. He said that his wife and family members were taking care of him. Anil Ambani's Secret Possession Anil Ambani, who was struggling with such a shortage of money, had a priceless thing even in that era, which he kept close to his heart. Even during those tough times, Anil Ambani had a luxurious 17-storey house, which he inherited from his father. Anil Ambani's most valuable possession is his house. Anil Ambani's 17-storey private bungalow built in Mumbai's posh area, Pali Hill, is not just a house but a proof of richness and luxury. This 17-storey building has all the facilities that make it no less than a palace. Price of Anil Ambani's House If reports are to be believed, then Anil's home is said to be worth Rs 5000 crore. This 17-storey house has a helipad on its roof. Its structure is no less than a five-star hotel. The luxury facilities of this house make it one of the most extravagant homes in India. The name of Anil Ambani's luxurious bungalow is Abode. It is built in a huge area of 16,000 square feet. From a helipad, gym, swimming pool to a garage for dozens of vehicles, lounge area — you name it and it is present in the home. Despite going bankrupt, Anil Ambani lives a lavish life. Anil Ambani's Luxurious Possessions Not only does he have a house worth Rs 5000 crore, Anil Ambani also has a personal jet plane. The price of Anil Ambani's luxury private jet is said to be around Rs 311 crore. Apart from this, he has a collection of luxury cars like Rolls Royce Phantom, Lexus XUV, Audi Q7, and Mercedes GLK350.
India.com
3 hours ago
- India.com
Anil Ambani's most prized possession that he didn't let go of even during his days of poverty, its price will leave you shocked, it is...
Business tycoon and chairman of Reliance Industries, Mukesh Ambani's younger brother, Anil Ambani, was once the sixth richest person in the 2000s. However, his fate had something else in store for him. He had a wealth of 42 billion dollars, but wrong decisions, poor policies to expand his business, and debt broke him so much that he declared himself bankrupt. The businessman witnessed many highs and lows as debt of millions of crores of rupees kept piling up on him. However, even during these days, Anil Ambani had a special possession which he did not leave. Scroll down to read about it. When Anil Ambani Declared Himself Bankrupt In 2020, Anil Ambani declared himself bankrupt in front of a London court and said that he did not have enough money to bear his expenses or pay the lawyer's fees. He said that his wife and family members were taking care of him. Anil Ambani's Secret Possession Anil Ambani, who was struggling with such a shortage of money, had a priceless thing even in that era, which he kept close to his heart. Even during those tough times, Anil Ambani had a luxurious 17-storey house, which he inherited from his father. Anil Ambani's most valuable possession is his house. Anil Ambani's 17-storey private bungalow built in Mumbai's posh area, Pali Hill, is not just a house but a proof of richness and luxury. This 17-storey building has all the facilities that make it no less than a palace. Price of Anil Ambani's House If reports are to be believed, then Anil's home is said to be worth Rs 5000 crore. This 17-storey house has a helipad on its roof. Its structure is no less than a five-star hotel. The luxury facilities of this house make it one of the most extravagant homes in India. The name of Anil Ambani's luxurious bungalow is Abode. It is built in a huge area of 16,000 square feet. From a helipad, gym, swimming pool to a garage for dozens of vehicles, lounge area — you name it and it is present in the home. Despite going bankrupt, Anil Ambani lives a lavish life. Anil Ambani's Luxurious Possessions Not only does he have a house worth Rs 5000 crore, Anil Ambani also has a personal jet plane. The price of Anil Ambani's luxury private jet is said to be around Rs 311 crore. Apart from this, he has a collection of luxury cars like Rolls Royce Phantom, Lexus XUV, Audi Q7, and Mercedes GLK350.
