Finance
Last week, the market capitalisation (mcap) of eight of India’s top ten most valuable firms fell by a total of Rs 1,28,913.5 crore, led by major falls in IT heavyweights Tata Consultancy Services (TCS) and Infosys.
TCS saw the greatest drop, with its valuation decreasing by Rs 37,971.83 crore to Rs 15,49,626.88 crore. Infosys’ market capitalization declined from Rs 23,811.88 crore to Rs 7,56,250.47 crore.
ITC’s valuation dropped by Rs 16,619.51 crore to Rs 6,11,423.11 crore, while State Bank of India’s market capitalization fell by Rs 13,431.54 crore to Rs 7,56,717.85 crore. Reliance Industries’ valuation has dropped by Rs 13,125.49 crore to Rs 20,28,695.57 crore. Bharti Airtel’s market capitalization fell by Rs 11,821.5 crore to Rs 8,50,389.88 crore, while ICICI Bank suffered a drop of Rs 7,843.75 crore to Rs 8,42,176.78 crore. Hindustan Unilever’s valuation decreased by Rs 4,288 crore to Rs 6,32,862.41 crore.
In comparison, HDFC Bank’s market capitalisation rose by Rs 32,759.37 crore to Rs 12,63,601.40 crore. Life Insurance Corporation of India (LIC) increased its valuation by Rs 1,075.25 crore, to Rs 7,47,677.98 crore.
Last week, the BSE benchmark index dropped by 350.77 points, or 0.43 percent.
Reliance Industries is the most valuable company, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Hindustan Unilever, and ITC.
Source:FE
