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Market valuation of nine of top-10 firms tanks Rs 1 33 lakh cr

URL copied Image Source : PTI Nine of the 10 most valued companies witnessed a combined erosion of Rs 1,33,433. 64 crore from market valuation in-tandem with a weak broader market trend last week. Nine of the 10 most valued companies witnessed a combined erosion of Rs 1,33,433. 64 crore from market valuation in-tandem with a weak broader market trend last week. Hindustan Unilever Ltd was the biggest loser with its market cap plunging by Rs 34,914. 58 crore to reach Rs 5,42,292 crore at close on Friday. Tata Consultancy Services lost 30,887. 07 crore in valuation to Rs 11,50,331 crore. During the last week which was holiday truncated, the 30-share BSE Sensex declined by 953. 58 points or 1.95 percent.

SpiceXpress Airlifts 800 Oxygen Concentrators From Hong Kong To India; Looks To Bring In 10,000 Units From Across The Globe

A SpiceJet validation flight from the new runway (Pic via Twitter) SpiceJet s freight carrier SpiceXpress has airlifted into India 800 oxygen concentrators in a bid to help address the acute shortage of medical oxygen in different parts of the country which are battling a surging wave of fresh COVID-19 cases, SpiceJet s chairman and managing director Ajay Singh said that the airline along with its sister company SpiceHealth is looking to bring into India more than 10,000 oxygen concentrators in the coming days from across the globe. The development gains significance as it comes at a time when several other private sector majors have also joined the national effort to cope against the surge in fresh COVID-19 cases in different parts of the country. These include the likes of N Chandrasekharan led Tata Group, Mukesh Ambani led Reliance Industries Limited (RIL), Sanjiv Puri led ITC Limited, Gautam Adani led Adani Group, Sajjan Jindal led JSW Group, and many more.

Market valuation of nine of top-10 firms tanks Rs 1 33 lakh crore

Market valuation of nine of top-10 firms tanks Rs 1.33 lakh crore PTI New Delhi | Updated on April 25, 2021 HUL was the biggest loser Nine of the 10 most valued companies witnessed a combined erosion of Rs 1,33,433.64 crore from market valuation in-tandem with a weak broader market trend last week. Hindustan Unilever Ltd (HUL) was the biggest loser with its market cap plunging by Rs 34,914.58 crore to reach Rs 5,42,292 crore at close on Friday. Tata Consultancy Services (TCS) lost 30,887.07 crore in valuation to Rs 11,50,331 crore. During the last week which was holiday-truncated, the 30-share BSE Sensex declined by 953.58 points or 1.95 per cent. Among other losers, the valuation of Reliance Industries (RIL) diminished by Rs 18,764.75 crore to Rs 12,07,283.32 crore and that of HDFC tumbled Rs 13,755.09 crore to Rs 4,50,499.54 crore.

Uncertain times with a downward bias in stock markets worldwide

Uncertain times with a downward bias in stock markets worldwide 5 hours ago Picture used for illustrative purpose. It was a short four-day week identical to the previous one, with a mid-week holiday on Wednesday. Markets were under pressure and lost on three of the four trading days. Dow Jones lost 174.41 points or 0.51 per cent to close at 34,043.49 points. There seems to be confusion in the US markets and they seem to be alternating between losses and gains on alternate days as was witnessed last week. Markets on a daily basis saw negative 123 points on Monday, negative 256 points on Tuesday, positive 316 points on Wednesday, negative 321 points on Thursday and positive 228 points on Friday.

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