Market Cap of Top Firms Decreases by ₹2.23 Lakh Crore, Impact on Reliance Industries and LIC

Sunday, 17 March 2024, 06:00
The market witnessed a significant decline in the market cap of top firms last week, with a collective loss of ₹2.23 lakh crore. Amidst this, companies like Reliance Industries and LIC faced challenging times. However, some companies like ITC, Bharti Airtel, TCS, HDFC Bank, and Infosys managed to buck the trend and emerge as gainers during this period. The fluctuations in market capitalization reflected the dynamic nature of stock markets and investors' sentiments.

Market Cap Decline and Winners

The market saw a notable drop in the market cap of top firms by ₹2.23 lakh crore last week.

Gainers:

  • ITC
  • Bharti Airtel
  • Tata Consultancy Services (TCS)
  • HDFC Bank
  • Infosys

The performance of these companies stood out in contrast to the overall market decline.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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