Finance
Last week, the total market valuation of seven of the top ten valued corporations fell by Rs 80,200.24 crore due to a sluggish equities trend, with Tata Consultancy Services and HDFC Bank appearing as the largest laggards. The BSE benchmark declined 373.99 points, or 0.57 percent, in a holiday-shortened week last week.
Reliance Industries, Hindustan Unilever, and Infosys were among the top ten gainers, while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance saw their valuations fall.
Tata Consultancy Services (TCS)’s market valuation fell by Rs 29,894.45 crore to Rs 12,32,240.44 crore. The value of HDFC Bank has dropped by Rs 19,664.06 crore to Rs 12,02,728.20 crore.
Bajaj Finance’s market capitalization fell by Rs 12,233.5 crore to Rs 4,15,763.47 crore, while ITC’s fell by Rs 8,338.45 crore to Rs 5,50,821.26 crore.
The market capitalization (mcap) of Bharti Airtel declined by Rs 8,081.38 crore to Rs 4,78,730.70 crore, while that of State Bank of India fell by Rs 1,026.33 crore to Rs 5,11,424.89 crore. ICICI Bank’s mcap fell by Rs 962.07 crore to Rs 6,65,550.83 crore.
Hindustan Unilever, on the other hand, added Rs 12,347.1 crore, bringing its market worth to Rs 6,00,250.08 crore.
Infosys’ mcap increased by Rs 6,972.87 crore to Rs 5,76,379.26 crore and that of Reliance Industries climbed Rs 5,886.09 crore to Rs 17,29,764.68 crore.
Reliance Industries was the most valuable company in the top ten, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance.
Source:FE
