BackMcap of 9 of top-10 most valued firms tumbles by over ₹2.48 lakh cr; RIL, HDFC biggest losers
HDFC Bank's valuation came down by ₹54,843.3 crore to ₹8,76,528.42 crore and Tata Consultancy Services (TCS) saw an erosion of ₹37,452.9 crore
PremiumThe combined market valuation of nine of the top-10 most valued companies fell by ₹2,48,542.3 crore last week in line with a weak broader market trend, with Reliance Industries and HDFC Bank emerging as the biggest laggards.
Last week, the BSE benchmark Sensex tumbled by 1,514.69 points or 2.49 per cent. On the top-10 list, ICICI Bank was the only gainer.
The market valuation of Reliance Industries Ltd (RIL) declined by ₹56,741.2 crore to reach ₹16,09,686.75 crore.
HDFC Bank's valuation came down by ₹54,843.3 crore to ₹8,76,528.42 crore and Tata Consultancy Services (TCS) saw an erosion of ₹37,452.9 crore in its worth at ₹12,57,233.58 crore.
The valuation of Infosys plunged by ₹27,678.78 crore to ₹7,01,731.59 crore and that of Kotak Mahindra Bank was down by ₹27,545.09 crore at ₹4,03,013 crore.
The market capitalisation (Mcap) of Bajaj Finance dipped by ₹18,774.8 crore to ₹4,46,801.66 crore and that of Hindustan Unilever Ltd (HUL) tanked by ₹14,356 crore to ₹5,62,480.40 crore.
HDFC's valuation declined by ₹10,659.37 crore to ₹5,14,217.69 crore and State Bank of India (SBI) mcap fell by ₹490.86 crore to ₹4,48,372.48 crore.
In contrast, ICICI Bank added ₹30,010.44 crore, taking its valuation to ₹5,56,507.71 crore.
In the ranking of top-10 firms, RIL remained the most valued company followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, HDFC, SBI, Bajaj Finance and Kotak Mahindra Bank.
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