Six of top-10 firms lose ₹34,590 crore in m-cap, HUL shines1 min read . Updated: 09 Jun 2019, 10:25 AM IST
- 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.
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