Finance
Last week, the combined market valuation of seven of the ten most valuable companies fell by Rs 1,34,139.14 crore, with Reliance Industries taking the biggest hit.
Last week, the Sensex fell 741.87 points, or 1.26 percent, as equities fell overall.
Other members of the top-10 club, with the exception of Hindustan Unilever Limited (HUL), Bajaj Finance, and ITC, saw their market valuations erode.
Reliance Industries’ valuation has dropped by Rs 40,558.31 crore to Rs 16,50,307.10 crore.
The market capitalisation (mcap) of HDFC Bank fell by Rs 25,544.89 crore to Rs 8,05,694.57 crore.
Adani Transmission’s valuation fell by Rs 24,630.08 crore to Rs 4,31,662.20 crore, while ICICI Bank’s fell by Rs 18,147.49 crore to Rs 6,14,962.99 crore.
The mcap of State Bank of India fell by Rs 9,950.94 crore to Rs 4,91,255.25 crore, while Tata Consultancy Services (TCS) fell by Rs 9,458.65 crore to Rs 10,91,421.84 crore.
Infosys’ mcap fell by Rs 5,848.78 crore to Rs 5,74,463.54 crore.
Hindustan Unilever (HUL) on the other hand, added Rs 35,467.08 crore, bringing its valuation to Rs 6,29,525.99 crore.
ITC’s valuation increased by Rs 20,381.61 crore to Rs 4,29,198.61 crore, while Bajaj Finance’s increased by Rs 13,128.73 crore to Rs 4,54,477.56 crore.
Reliance Industries remained the most valuable Indian company, followed by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bajaj Finance, Adani Transmission, and ITC.
Source:BS
