Mumbai: The combined market valuation of six of the 10 most valued Indian companies declined by ₹ 74,034.26 crore last week, led by IT major Tata Consultancy Services (TCS) which took the largest hit of ₹ 25,140.37 crore. For the trading week ended Thursday, Reliance Industries Ltd (RIL), TCS, HUL, Infosys, SBI and ICICI Bank witnessed a decline in their market capitalisation (m-cap), while HDFC Bank, ITC, HDFC and Maruti Suzuki India were on the gainer’s side.
Stock markets were closed Friday for ‘Gurunanak Jayanti’.
The market valuation of TCS slumped ₹ 25,140.37 crore to ₹ 6,81,151.63 crore at close on Thursday. The m-cap of RIL dropped ₹ 15,614.92 crore to ₹ 6,99,044.08 crore and that of Infosys by ₹ 13,103.81 crore to ₹ 2,71,037.19 crore.
ICICI Bank’s valuation tumbled ₹ 9,818.94 crore to ₹ 2,26,607.06 crore and that of SBI went down by ₹ 6,871.16 crore to ₹ 2,52,208.84 crore.
The m-cap of Hindustan Unilever Ltd (HUL) fell by ₹ 3,485.06 crore to ₹ 3,62,502.94 crore.
On the other hand, ITC added ₹ 5,192.92 crore to ₹ 3,43,374.92 crore in its m-cap.
Maruti’s valuation advanced by ₹ 2,353.81 crore to ₹ 2,23,839.81 crore and that of HDFC Bank rose by ₹ 1,899.11 crore to ₹ 5,45,035.11 crore.
The m-cap of HDFC went up by ₹ 1,754.38 crore to ₹ 3,21,993.38 crore.
In the ranking of top-10 firms, RIL stood at number one place followed by TCS, HDFC Bank, HUL, ITC, HDFC, Infosys, State Bank of India (SBI), ICICI Bank and Maruti in that order.
Over the last week, the BSE 30-share index fell by 476.14 points to close at 34,981.02 on Thursday.