Finance
The combined market valuation of seven of the ten most valuable companies fell by Rs 1,16,053.13 crore last week as equities fell overall, with Reliance Industries taking the biggest hit.
The Sensex fell 672 points, or 1.15 percent, last week.
While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance, and HDFC were among the top-10 losers, TCS, Hindustan Unilever, and Infosys emerged as winners.
Reliance Industries’ valuation fell by Rs 41,706.05 crore to Rs 16,08,601.05 crore.
The value of State Bank of India has dropped by Rs 17,313.74 crore to Rs 4,73,941.51 crore.
ICICI Bank’s market capitalisation (mcap) fell by Rs 13,806.39 crore to Rs 6,01,156.60 crore, while HDFC Bank’s fell by Rs 13,423.6 crore to Rs 7,92,270.97 crore.
HDFC’s mcap fell by Rs 10,830.97 crore to Rs 4,16,077.03 crore, while Bajaj Finance’s fell by Rs 10,240.83 crore to Rs 4,44,236.73 crore.
The value of Bharti Airtel has dropped by Rs 8,731.55 crore to Rs 4,44,919.45 crore.
However, Infosys’ market valuation increased by Rs 20,144.57 crore to Rs 5,94,608.11 crore.
Tata Consultancy Services (TCS) increased its valuation to Rs 10,99,398.58 crore by adding Rs 7,976.74 crore.
Hindustan Unilever’s mcap increased by Rs 4,123.53 crore to Rs 6,33,649.52 crore.
Reliance Industries remained the most valuable Indian company in terms of market valuation, followed by TCS, HDFC Bank, Hindustan Unilever, ICICI Bank, Infosys, State Bank of India (SBI), Bharti Airtel, Bajaj Finance and HDFC.
Source:BS
