The combined market capitalisation (m-cap) of the top 10 companies in India tanked by ₹1.55 lakh crore or ₹1,55,721.12 crore last week, with Reliance Industries (RIL) taking the biggest hit among stocks, according to a PTI report on the weekly equities trend.
The overall BSE benchmark fell by 237.8 points or 0.29 per cent last week, it added.
Bharti Airtel, Hindustan Unilever (HUL), ICICI Bank, ITC, Life Insurance Corporation of India (LIC), and RIL were the biggest laggards in terms of market valuation, while HDFC Bank, Infosys, State Bank of India (SBI), and Tata Consultancy Services (TCS) were the biggest gainers.
Among the top 10, RIL remained the country’s most-valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, ITC, HUL and LIC.
The Indian primary market is poised to witness significant market activity related to the listing of much-awaited initial public offerings (IPOs) such as Swiggy, Sagility India, ACME Solar Holdings, and Niva Bupa Health Insurance.
Looking ahead, the list of upcoming IPOs next week includes the opening of one mainboard IPO and two small and medium enterprise (SME) IPOs for public bidding starting Tuesday, November 12. These are aiming to raise funds in the second week of November from the public markets.
