(Photo: ANI)
(Photo: ANI)

Six of top-10 firms lose 34,590 crore in m-cap, HUL shines

  • SBI's m-cap dropped 9,727.83 crore to 3,04,909.35 crore
  • In the ranking of top-10 firms, RIL remained at the number one position

New Delhi: Six of the 10 most valued domestic firms together lost 34,590 crore in market valuation last week in a sluggish broader market.

While Reliance Industries Ltd (RIL), TCS, ITC, SBI, Kotak Mahindra Bank and ICICI Bank suffered an erosion in market capitalisation (m-cap) for the week ended Friday, HDFC Bank, HUL, HDFC and Infosys finished with gains.

State Bank of India's (SBI) m-cap dropped 9,727.83 crore to 3,04,909.35 crore and that of RIL tumbled 9,159.92 crore to 8,33,773.72 crore.

The market valuation of Tata Consultancy Services (TCS) tanked 6,716.76 crore to reach 8,17,625.87 crore and that of ICICI Bank plunged 4,224.43 crore to 2,68,847.85 crore.

ITC's market cap declined by 3,371.12 crore to 3,38,215.65 crore and that of Kotak Mahindra Bank fell by 1,389.95 crore to 2,88,708.23 crore.

In contrast, the m-cap of Hindustan Unilever Limited (HUL) zoomed 10,055.5 crore to 3,96,504.96 crore and that of HDFC Bank jumped 7,211.09 crore to 6,68,007.04 crore.

HDFC added 4,614.95 crore in its valuation to stand at 3,80,389.02 crore while Infosys gained 1,092.24 crore to reach 3,23,016.95 crore.

During the last week, the Sensex fell 98.30 points to 39,615.90.

In the ranking of top-10 firms, RIL remained at the number one position, followed by TCS, HDFC Bank, HUL, HDFC, ITC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.