Finance
The top 10 most valuable companies saw a combined loss of Rs 2,85,251.65 crore in market valuations last week, mirroring an overall weak broader market trend, with Reliance Industries faring the worst. The Sensex fell 2,225.29 points, or 3.89 percent, in a week, while the Nifty fell 691.30 points, or 4.04 percent.
Reliance Industries’ market valuation fell by Rs 1,14,767.5 crore to Rs 17,73,196.68 crore, the most among the top-10 firms.
Tata Consultancy Services’ market capitalisation (mcap) fell by Rs 42,847.49 crore to Rs 12,56,152.34 crore. The valuation of HDFC Bank fell by Rs 36,984.46 crore to Rs 7,31,068.41 crore, while that of Hindustan Unilever fell by Rs 20,558.92 crore to Rs 5,05,068.14 crore.
The market capitalization of ICICI Bank fell by Rs 16,625.96 crore to Rs 5,00,136.52 crore, while that of Bharti Airtel fell by Rs 16,091.64 crore to Rs 3,90,153.62 crore. HDFC’s valuation decreased by Rs 13,924.03 crore to Rs 3,90,045.06 crore, while State Bank of India’s valuation decreased by Rs 10,843.4 crore to Rs 4,32,263.56 crore.
Infosys’ valuation fell by Rs 10,285.69 crore to Rs 6,49,302.28 crore, while Adani Green Energy’s fell by Rs 2,322.56 crore to Rs 4,49,255.28 crore. Reliance Industries topped the list of top ten companies, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, Adani Green Energy, State Bank of India, Bharti Airtel, and HDFC.
Source:FE
