Finance
Last week, the market valuation of eight of the top ten firms fell by Rs 1,03,732.39 crore, with Reliance Industries and ICICI Bank taking the biggest hit amid an overall weak trend in equities.
During the holiday-shortened week, the 30-share BSE Sensex fell 673.84 points, or 1.12%, on concerns about the size of the US Federal Reserve’s next interest rate hike.
Except for Bharti Airtel and ITC, eight companies saw their market capitalisation fall (mcap).
Reliance Industries’ market capitalization fell by Rs 41,878.37 crore to Rs 15,71,724.26 crore, the most among the top ten firms.
ICICI Bank’s market capitalization fell Rs 18,134.73 to Rs 5,88,379.98 crore.
HDFC Bank’s valuation fell by Rs 15,007.38 to Rs 8,86,300.20 crore, while State Bank of India’s fell by Rs 12,360.59 to Rs 4,88,399.39 crore.
The market capitalization of HDFC has dropped by Rs 6,893.18 crore to Rs 4,77,524.24 crore.
The valuation of Tata Consultancy Services (TCS) has dropped by Rs 4,281.09 to Rs 12,18,848.31 crore.
Infosys’ valuation fell by Rs 3,555.83 crore to Rs 6,19,155.97 crore, while Hindustan Unilever’s dropped by Rs 1,621.22 crore to Rs 5,78,739.57 crore.
Bharti Airtel, on the other hand, added Rs 5,071.99 crore, bringing its total valuation to Rs 4,31,230.51 crore.
ITC’s market capitalization increased by Rs 4,036.2 crore to Rs 4,81,922.33 crore.
Reliance Industries continued to be the most valuable company, followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, ITC, HDFC and Bharti Airtel.
Source:BS
