Finance
Seven of the ten most valuable companies had a decline in market worth of Rs 1.16 lakh crore last week, with HDFC Bank being the largest underperformer.
The week with fewer holidays saw a 1.37 percent or 982.56 point decline in the BSE benchmark.
ICICI Bank, Infosys, and Bharti Airtel were the winners among the top ten most valuable companies; Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC, and State Bank of India were the laggards.
The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore.
LIC’s valuation tumbled by Rs 20,682.74 crore to Rs 5,71,337.04 crore.
The market valuation of TCS eroded by Rs 19,173.43 crore to Rs 13,93,439.94 crore and that of State Bank of India plunged by Rs 16,599.77 crore to Rs 5,46,989.47 crore.
ITC’s valuation diminished by Rs 15,908.1 crore to Rs 5,68,262.28 crore and that of Hindustan Unilever declined by Rs 9,210.4 crore to Rs 5,70,974.17 crore.
Reliance Industries’ market capitalization (mcap) decreased to Rs 18,33,737.60 crore from Rs 1,928.22 crore.
But Bharti Airtel’s market capitalization increased to Rs 6,52,407.83 crore from Rs 20,727.87 crore.
With the addition of Rs 9,151.75 crore, Infosys’ valuation increased to Rs 6,93,457.65 crore, while ICICI Bank’s market capitalization increased by Rs 1,137.37 crore to Rs 7,08,511.16 crore.
Reliance Industries remained at the top of the list of the most valuable companies, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, LIC, Hindustan Unilever, ITC, and State Bank of India.
Source:FE
