Business EconomyPosted at: Mar 15 2026 3:04PM


Market valuation of top 10 firms erode sharply by Rs 4.48 lakh Cr.

New Delhi, March 15 (UNI) Last week, the combined market valuation of top 10 domestic firms eroded sharply by Rs 4.48 lakh Crore. Banking majors including State Bank of India and HDFC Bank took the biggest hit.
The market valuation of State Bank of India tumbled Rs 89,306.22 Cr. to Rs 9,66,261.05 Cr. while the HDFC Bank faced an erosion of Rs 61,715.32 Cr. to Rs 12,57,391.76 Cr.
The valuation of Bajaj Finance dived Rs 59,082.49 Cr. to Rs 5,32,053.54 Cr. while the market capitalisation of ICICI Bank dropped by Rs 42,205.04 Cr. to Rs 8,97,844.78 Cr.
The M-cap of LIC diminished by Rs 31,245.49 Cr. to Rs 4,88,985.57 Cr.
The valuation of Tata Consultancy Services (TCS) tanked Rs 53,312.52 Cr. to Rs 8,72,067.63 Cr. and that of Infosys declined by Rs 24,230.96 Cr. to Rs 5,06,315.58 Cr.
Hindustan Unilever's M-cap dipped by Rs 15,401.57 Cr. to Rs 5,07,640.94 Cr. while that of Reliance Industries' valuation fell by Rs 33,289.88 Cr. to Rs 18,68,293.17 Cr.
In a rank-wise analysis, Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Hindustan Unilever, Infosys and LIC.
On Friday, the bears were leading as the Nifty was dragged below 23,150 intra-day amid broad-based selling.
At close, the Sensex was down 1,470.50 points or 1.93pc at 74,563.92, and the Nifty was down 488.05 points or 2.06pc at 23,151.10. During the week, both the indices declined over 5pc, recording their biggest weekly fall in more than a year. UNI VK SAS KK
Please log in to get detailed story.
Tags: #Market valuation of top 10 firms erode sharply by Rs 4.48 lakh Cr.
More News

Tea bodies urge PM Modi to scrap mandatory auction norms, seek market freedom

17 Apr 2026 | 7:29 PM

Siliguri, Apr 17 (UNI) Four major tea industry bodies from Assam and North Bengal have jointly appealed to Prime Minister Narendra Modi, seeking urgent amendments to existing regulations mandating the compulsory sale of tea through public auctions, warning that the policy is placing severe financial and operational strain on producers.

see more..

17 Apr 2026 | 4:59 PM

New Delhi, Apr 17 (UNI) India may face mounting pressure on its current account deficit (CAD), which could rise to around 2 per cent of GDP if global oil prices increase, according to a report by CRISIL.

see more..

Markets rebound: Sensex jumps 505 pts, Nifty tops 24,300

17 Apr 2026 | 4:36 PM

New Delhi, April 17 (UNI) The Indian stock market on Friday recouped losses and ended higher. Nifty was above 24,300, supported by positive geopolitical developments. At close, the Sensex was up 504.86 points or 0.65 percent at 78,493.54, and the Nifty was up 156.80 points or 0.65 percent at 24,353.55.

see more..

ASMS, UAL Biotech Sign MoU to Promote Sustainable Agriculture

17 Apr 2026 | 3:30 PM

Hyderabad, Apr 17 (UNI): Avio Smart Market Stack Limited (ASMS), formerly known as Bartronics India Limited, on Friday said it has signed a Memorandum of Understanding (MoU) with UAL Biotech Pte Ltd, a Singapore-based bio-innovation company, to explore opportunities in sustainable agriculture and rural ecosystem development.

see more..

FSSAI directs States to intensify checks on use of prohibited fruit ripening agents

17 Apr 2026 | 3:07 PM

New Delhi, Apr 17 (UNI) The Food Safety and Standards Authority of India (FSSAI) has directed all States and union Territories to step up surveillance and enforcement against the use of unauthorized and hazardous artificial ripening agents in fruits, reiterating that substances such as calcium carbide are strictly prohibited.

see more..