New Delhi: The combined market valuation of six of the 10 most valued companies slumped by ₹ 38,152.86 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit.
While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC suffered losses in their market capitalisation (m-cap) for the week ended Friday, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank made gains.
RIL’s market valuation tumbled by ₹ 16,955.65 crore to ₹ 6,96,639.64 crore.
The m-cap of Hindustan Unilever Ltd (HUL) dropped ₹ 8,626.12 crore to ₹ 3,85,361.63 crore and that of TCS dived ₹ 8,198.96 crore to ₹ 7,03,178.13 crore.
HDFC’s valuation took a beating of ₹ 1,501.96 crore to reach ₹ 3,38,933.58 crore and that of ITC fell by ₹ 1,469.63 crore to ₹ 3,43,832.17 crore.
The market cap of HDFC Bank declined by ₹ 1,400.54 crore to ₹ 5,75,922.41 crore.
In contrast, ICICI Bank added ₹ 2,906.87 crore to its valuation to reach ₹ 2,35,444.07 crore.
SBI’s valuation went up by ₹ 2,722 crore to ₹ 2,65,506.48 crore and Infosys gained ₹ 1,376.12 crore to ₹ 2,88,658.41 crore.
Kotak Mahindra Bank added ₹ 391 crore to stand at ₹ 2,37,787.86 crore.
In the ranking of top-10 firms, TCS was at the number one position, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.
Over the last week, the Sensex fell 381.62 points, or 1.05 per cent.
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