SBI Leads Decline Despite Marginal Rise in Benchmark Indices
The combined market capitalisation of seven of the ten most valued Indian companies declined by ₹35,439.36 crore during the holiday-shortened week, reflecting a subdued trend in equities. The decline came even as the broader market posted marginal gains.During the week, the BSE benchmark index advanced by 112.09 points, marking a modest rise of 0.13 percent.Seven Heavyweights See Valuation Erosion
Among the top-10 companies, Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India witnessed a decline in their market valuations.State Bank of India recorded the steepest drop...