Finance
Last week, five of the top ten most valuable companies collectively lost Rs 86,447.12 crore in market valuation, with Infosys, Tata Consultancy Services, and State Bank of India suffering the most.
The BSE benchmark fell 462.8 points, or 0.79 percent, last week.
While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India saw their valuations fall, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC, and Bharti Airtel saw theirs rise.
Infosys’ market capitalisation (mcap) fell by Rs 25,217.2 crore to Rs 5,72,687.97 crore.
State Bank of India’s valuation fell by Rs 21,062.08 crore to Rs 4,51,228.38 crore, while TCS’s fell by Rs 21,039.55 crore to Rs 11,42,154.59 crore.
Reliance Industries’ market capitalization declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore.
ICICI Bank, on the other hand, added Rs 10,905.18 crore, bringing its total valuation to Rs 5,94,888.25 crore.
Hindustan Unilever’s valuation increased by Rs 7,542.19 crore to Rs 5,82,816.11 crore, while ITC increased by Rs 3,664.01 crore to Rs 4,70,360.22 crore.
Bharti Airtel’s mcap increased by Rs 2,787.57 crore to Rs 4,24,964.64 crore, while HDFC’s increased by Rs 384.89 crore to Rs 4,69,845.34 crore.
TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India, and Bharti Airtel rounded out the top ten most valuable companies.
Source:BS
