Finance
In a holiday-shortened past week, the aggregate market valuation of seven of the top ten most valuable corporations fell by Rs 88,635.28 crore, with Bharti Airtel and Tata Consultancy Services suffering the greatest damage, reflecting the negative trend in stocks.
In a holiday-shortened past week, the BSE benchmark fell 722.43 points, or 0.86 percent, while the Nifty fell 229.8 points, or 0.89 percent.
SBI, LIC, Bajaj posts gain
While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Hindustan Unilever faced erosion from their valuation, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC)were the gainers from the top-10 pack.
The market valuation of Bharti Airtel tumbled Rs 30,506.26 crore to Rs 11,41,048.30 crore.
TCS faced an erosion of Rs 23,680.38 crore from its valuation, which stood at Rs 10,82,658.42 crore.
The market capitalisation (mcap) of Hindustan Unilever dropped by Rs 12,253.12 crore to Rs 5,67,308.81 crore, and that of Reliance Industries declined by Rs 11,164.29 crore to Rs 20,00,437.77 crore.
HDFC Bank, Infosys see minor value dip
HDFC Bank‘s mcap dipped by Rs 7,303.93 crore to Rs 15,11,375.21 crore, and that of Infosys edged lower by Rs 2,139.52 crore to Rs 6,13,750.48 crore.
The valuation of ICICI Bank declined by Rs 1,587.78 crore to Rs 9,59,540.08 crore.
However, the mcap of LIC climbed Rs 18,469 crore to Rs 5,84,366.54 crore.
The market valuation of State Bank of India jumped Rs 17,492.02 crore to Rs 8,82,400.89 crore, and that of Bajaj Finance went up by Rs 14,965.08 crore to Rs 6,63,721.32 crore.
Reliance Industries remained the most valued domestic firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, LIC and Hindustan Unilever.
Source: FE
