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The combined market valuation of six of the 10 most valued domestic firms eroded by ₹78,163 crore last week, with Reliance Industries taking the biggest hit.
Last week, the 30-share BSE Sensex declined 271.32 points or 0.46 per cent.
While Reliance Industries, Bharti Airtel, ICICI Bank, HUL, Bajaj Finance and SBI saw a drop in their valuation, TCS, HDFC Bank, Infosys and HDFC emerged as the gainers.
However, the combined gain of the four firms at ₹30,467.03 crore was less than the total loss suffered by the six companies.
The market valuation of index heavyweight Reliance Industries tanked ₹42,113.47 crore to reach ₹16,04,069.19 crore.
Bharti Airtel lost ₹15,159.81 crore to stand at ₹4,26,226.99 crore.
The market capitalisation (mcap) of ICICI Bank declined by ₹8,272.37 crore to ₹6,06,317.50 crore and that of Hindustan Unilever Ltd (HUL) fell by ₹5,404.06 crore to ₹6,05,219.47 crore.
Bajaj Finance’s valuation dipped ₹4,268.28 crore to ₹4,40,295.38 crore and that of State Bank of India (SBI) went lower by ₹2,945.12 crore to ₹4,70,371.66 crore.
From the gainers’ pack, TCS added ₹11,965 crore, taking its valuation to ₹11,33,446.05 crore.
Infosys’s mcap jumped ₹9,383.46 crore to reach ₹6,20,254.82 crore.
The valuation of HDFC Bank climbed ₹5,792.76 crore to ₹8,02,686.8 crore and that of HDFC advanced ₹3,325.71 crore to ₹4,26,135.93 crore.
In the ranking of the most valued Indian firms, Reliance Industries retained its top spot, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, Bharti Airtel and HDFC.
This story has been published from a wire agency feed without modifications to the text.
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John Miller has been writing about science, gaming, and tech culture for over a decade. He’s a top-rated reviewer with extensive experience helping people find the best deals on tech and more.
