New Delhi: Six of the 10 most valued Indian companies together lost ₹ 54,916.4 crore in market valuation last week, with Reliance Industries taking the biggest hit. ITC, HDFC Bank, SBI, HDFC and ICICI Bank were the other companies that witnessed a decline in their market capitalisation (m-cap), while TCS, HUL, Infosys and Kotak Mahindra Bank finished with gains for the trading week ended Friday.
The market valuation of RIL slumped by ₹ 22,153.28 crore to ₹ 7,18,317.52 crore while that of ITC plummeted ₹ 14,877.75 crore to ₹ 3,35,637.09 crore.
M-cap of HDFC went down by ₹ 5,139.73 crore to ₹ 3,35,611.54 crore. SBI’s valuation declined by ₹ 7,987.51 crore to reach ₹ 2,45,783.14 crore. HDFC Bank’s valuation dived by ₹ 3,080.47 crore to ₹ 5,72,419.47 crore while that of ICICI Bank stood at ₹ 2,26,769.52 crore after a loss of ₹ 1,677.66 crore. On the other hand, Tata Consultancy Services (TCS) added ₹ 9,512.30 crore to its market valuation to reach ₹ 7,48,957.23 crore while Infosys gained ₹ 6,356.32 crore to ₹ 2,97,523.86 crore.
M-cap of Hindustan Unilever (HUL) surged ₹ 14,990.19 crore to ₹ 3,94,583.03 crore and that of Kotak Mahindra Bank rose by ₹ 9,516.85 crore to ₹ 2,44,548.88 crore.
In the ranking of top-10 firms, TCS stood at the number one position, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, State Bank of India (SBI), Kotak Mahindra Bank and ICICI Bank in that order.
Last week, the BSE Sensex fell by 521.05 points, or 1.43 per cent, to close at 35,673.25.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)