Pedestrians stroll previous the Bombay Stock Exchange (BSE) constructing, in Mumbai
| Photo Credit: PTI
The mixed market valuation of seven of the top-10 most-valued firms eroded by ₹1.16 lakh crore final week, with HDFC Bank rising because the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 factors or 1.37 per cent.
Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Life Insurance Corporation of India (LIC), Hindustan Unilever, ITC and State Bank of India have been the laggards, ICICI Bank, Infosys and Bharti Airtel emerged because the gainers.
The market valuation of HDFC Bank fell by ₹32,661.45 crore to Rs 10,90,001.31 crore. LIC’s valuation tumbled by ₹20,682.74 crore to Rs 5,71,337.04 crore. The market valuation of TCS eroded by ₹19,173.43 crore to ₹13,93,439.94 crore and that of SBI plunged by ₹16,599.77 crore to ₹5,46,989.47 crore.
ITC’s valuation diminished by ₹15,908.1 crore to ₹5,68,262.28 crore and that of Hindustan Unilever declined by Rs 9,210.4 crore to Rs 5,70,974.17 crore. The market capitalisation (m-cap) of Reliance Industries dipped by ₹1,928.22 crore to ₹18,33,737.60 crore. However, the m-cap of Bharti Airtel jumped ₹20,727.87 crore to ₹6,52,407.83 crore.
Infosys added Rs 9,151.75 crore taking its valuation to ₹6,93,457.65 crore, and the m-cap of ICICI Bank climbed ₹1,137.37 crore to Rs 7,08,511.16 crore.
In the rating of the most-valued firms, Reliance Industries retained the primary place adopted by TCS, HDFC Bank, ICICI Bank, Infosys, Bharti Airtel, LIC, Hindustan Unilever, ITC and SBI.
