Six of top-10 Indian firms lose ₹26,624 crore in m-cap, ICICI Bank worst hit
ICICI Bank's valuation tumbled ₹6,883.44 crore to ₹3,48,532.24 crore, taking the steepest hit among the top-10 firmsReliance Industries, HDFC Bank, HUL, Kotak Mahindra Bank and SBI were the other bluechip firms which saw a drop in their market capitalisation for the week ended Friday
NEW DELHI : Six of the 10 most valued Indian companies suffered a combined erosion of ₹26,624.10 crore in market valuation last week, dragged down by ICICI Bank.
Reliance Industries Limited (RIL), HDFC Bank, HUL, Kotak Mahindra Bank and SBI were the other bluechips which saw a drop in their market capitalisation (m-cap) for the week ended Friday, while TCS, HDFC, Infosys and ITC ended in the green.
ICICI Bank's valuation tumbled ₹6,883.44 crore to ₹3,48,532.24 crore, taking the steepest hit among the top-10 firms.
The m-cap of Kotak Mahindra Bank dropped ₹5,197.08 crore to ₹3,16,763.68 crore and that of Hindustan Unilever Limited (HUL) plunged ₹4,589.4 crore to ₹4,17,538.13 crore.
HDFC Bank's market cap tanked ₹3,724.38 crore to ₹6,94,541.80 crore and that of State Bank of India (SBI) fell ₹3,123.61 crore to ₹2,97,858.91 crore.
The valuation of RIL decreased by ₹3,106.21 crore to ₹9,74,494.06 crore.
In contrast, Infosys added ₹3,960.45 crore to its m-cap to stand at ₹3,17,730.27 crore.
ITC's valuation climbed ₹1,843.66 crore to ₹2,93,081.89 crore and that of HDFC went up by ₹1,772.25 crore to ₹4,24,432.18 crore.
The m-cap of Tata Consultancy Services (TCS) spurted ₹844.29 crore to ₹8,25,674.73 crore.
In terms of ranking, RIL retained its number one position, followed by TCS, HDFC Bank, HDFC, HUL, ICICI Bank, Infosys, Kotak Mahindra Bank, SBI and ITC.
During the last week, the Sensex slipped 110.53 points or 0.26 per cent. PTI SUM ABM
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