Retail sees red as smids lose ₹26 trillion in three weeks

Retail sees red as smids lose ₹26 trillion in three weeks

Mumbai: Investors pumping in money into stocks of small- and mid-sized companies or smids have seen their wealth erode by a staggering ₹26 trillion since 20 September, when the market capitalisation of the relevant indices hit record highs. Comparatively, provisional data from the BSE shows that the top 10 companies by market capitalisation have cumulatively … Read more

Mcap of 8 of top 10 most valued firms’ plunge by ₹2.08 lakh crore; Reliance, TCS most hit

Mcap of 8 of top 10 most valued firms' plunge by ₹2.08 lakh crore; Reliance, TCS most hit

Eight of the top-10 most valued firms’ combined market valuation plunged by ₹2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit, reported news agency PTI on 2 May. Along with RIL, TCS and Infosys, other firms whose m-cap declined include ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti … Read more