Finance
Last week, the aggregate market valuation of seven of the top ten most-valued corporations fell by Rs 65,656.36 crore, with Reliance Industries taking the greatest blow, amid a sluggish trend in domestic stocks.
The BSE benchmark rose 45.42 points, or 0.07 percent, last week, while the Nifty rose 34.75 points, or 0.18 percent.
While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, Infosys, and HDFC lagged, Hindustan Unilever, State Bank of India, and Bharti Airtel saw increases in market valuations.
Reliance Industries’ market capitalization fell by Rs 34,910.54 crore to Rs 16,60,923.11 crore.
The value of ICICI Bank decreased by Rs 9,355.65 crore to Rs 6,55,197.93 crore, while that of Infosys fell by Rs 7,739.51 crore to Rs 5,38,923.48 crore.
TCS’s market capitalisation (mcap) fell by Rs 7,684.01 crore to Rs 12,10,414.19 crore, while HDFC Bank’s fell by Rs 5,020.13 crore to Rs 8,97,722.23 crore.
ITC’s valuation fell by Rs 621.4 crore to Rs 5,50,809.75 crore, while HDFC’s fell by Rs 325.12 crore to Rs 4,88,141.04 crore.
Hindustan Unilever, on the other hand, increased its valuation to Rs 6,38,231.22 crore by adding Rs 15,213.6 crore.
Bharti Airtel’s market capitalization increased by Rs 10,231.92 crore to Rs 4,66,263.37 crore, while State Bank of India’s increased by Rs 1,204.82 crore to Rs 5,24,053.21 crore.
Reliance Industries was ranked first among the top ten corporations, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, HDFC, and Bharti Airtel.
Source:BS
