Finance
In keeping with the muted trends in stocks, the aggregate market valuation of six of the top ten most valued companies fell by Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank suffering the most losses.
Even while the BSE benchmark reached an all-time high of 72,561.91 on January 1, it fell 214.11 points, or 0.29 percent, last week.
TCS’s market valuation dropped by the most of the top ten companies, from Rs 20,929.77 crore to Rs 13,67,661.93 crore.
The market capitalization (mcap) of HDFC Bank decreased to Rs 12,77,435.56 crore from Rs 20,536.48 crore.
Hindustan Unilever’s valuation dropped from Rs 10,114.99 crore to Rs 6,15,663.40 crore.
Infosys’s market capitalization decreased by Rs 4,129.69 crore to Rs 6,36,222.11 crore, while ICICI Bank by Rs 1,608.05 crore to Rs 6,97,357.42 crore.
State Bank of India’s valuation decreased by Rs 89.24 crore to Rs 5,72,826.22 crore.
Reliance Industries’ market capitalization increased to Rs 17,63,644.77 crore from Rs 14,816.85 crore, while ITC’s worth increased to Rs 5,91,219.09 crore with an addition of Rs 14,409.32 crore.
The market value of Bharti Airtel increased to Rs 5,88,846.09 crore from Rs 8,200.55 crore.
Life Insurance Corporation of India’s (LIC) market capitalization increased to Rs 5,34,082.81 crore from Rs 7,020.75 crore.
In terms of market value, Reliance Industries remained at the top, with TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, Bharti Airtel, State Bank of India, and LIC following in order of importance.
Source:FE
