Finance
The aggregate market capitalization of seven of the top ten most valuable companies fell by Rs 35,439.36 crore in a holiday-shortened past week, with State Bank of India taking the greatest blow, in line with a muted trend in equities.
Last week, the BSE benchmark gained 112.09 points, or 0.13 percent.
Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, SBI, Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) all saw their valuations fall, while HDFC Bank, Bharti Airtel, and Infosys rose.
The market value of State Bank of India fell from Rs 12,692.1 crore to Rs 8,92,046.88 crore.
Reliance Industries’ valuation dropped by Rs 8,254.81 crore to Rs 21,09,712.48 crore.
Bajaj Finance lost Rs 5,102.43 crore, bringing its market worth to Rs 6,22,124.01 crore.
Larsen & Toubro’s market capitalisation (mcap) decreased by Rs 4,002.94 crore to Rs 5,56,436.22 crore, while ICICI Bank’s mcap fell by Rs 2,571.39 crore to Rs 9,65,669.15 crore.
The market capitalization of LIC fell by Rs 1,802.62 crore to Rs 5,37,403.43 crore, while that of TCS fell by Rs 1,013.07 crore to Rs 11,86,660.34 crore.
However, the valuation of HDFC Bank increased by Rs 10,126.81 crore to Rs 15,26,765.44 crore.
Infosys’ market capitalization increased by Rs 6,626.62 crore to Rs 6,87,818.84 crore, while Bharti Airtel’s rose by Rs 5,359.98 crore to Rs 12,00,692.32 crore.
Reliance Industries is the most valuable company, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Larsen & Toubro, and LIC.
Source: BS
