Five of top 10 most valued firms lose together ₹91,699 crore m-cap; RIL worst hit
The combined market valuation of five of top-10 most valued firms declined by ₹91,699 crore last week, with heavyweight Reliance Industries emerging as the worst hit. While Reliance Industries Ltd (RIL), Infosys, HDFC, ICICI Bank and Bharti Airtel suffered losses in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Limited, Kotak Mahindra Bank and Bajaj Finance were the gainers.
RIL's market valuation tumbled by ₹60,829.21 crore to ₹12,23,416.97 crore.
The market capitalisation of HDFC plummeted ₹13,703.75 crore to ₹4,05,996.11 crore. Bharti Airtel's valuation declined ₹11,020.23 crore to ₹2,52,755.97 crore and that of ICICI Bank went lower by ₹5,090.54 crore to ₹3,26,225.04 crore.
The market capitalisation of Infosys dipped by ₹1,055.27 crore to ₹4,68,779.17 crore.
In contrast, HDFC Bank added ₹20,482.86 crore to ₹7,93,336.55 crore. Bajaj Finance's market capitalisation rose by ₹11,181.01 crore to ₹2,95,466.65 crore.
The valuation of TCS gained ₹7,335.91 crore to ₹10,05,320.15 crore and that of Hindustan Unilever jumped by ₹4,135.22 crore to ₹5,02,147.16 crore.
Kotak Mahindra Bank added ₹2,538.64 crore to ₹3,76,485.84 crore.
During the last week, the Sensex advanced by 267.47 points or 0.60 per cent.
RIL was leading the chart of top-10 most valued firms, followed by TCS, HDFC Bank, Hindustan Unilever Ltd, Infosys, HDFC, Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel.
