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.
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.
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.
Mcap of 7 of top-10 most-valued firms erodes ₹1.13 lakh crore; Airtel, Reliance worst hit
Seven of India's top-10 firms lost ₹1.13 lakh crore in market value, with Airtel and Reliance experiencing the largest declines.
Mcap of 7 of top-10 most-valued firms erodes ₹1.13 lakh crore; Airtel, Reliance worst hit
Seven of India's top-10 firms lost ₹1.13 lakh crore in market value, with Airtel and Reliance experiencing the largest declines.
last updated on 31 Aug 05:35