Business

7 of top 10 firms lost ₹1.32 lakh crore in market-cap, starting with Reliance

Seven of the 10 most valued firms suffered a mixed erosion of 1,32,535.79 crore in market valuation final week, with Reliance Industries rising because the worst hit.

In the holiday-truncated week, the Sensex tumbled 1,108.25 factors or 1.86 per cent.

While Reliance Industries Ltd (RIL), TCS, HDFC Bank, Infosys, HUL, Bajaj Finance and HDFC have been the laggards from the top-10 pack, ICICI Bank, SBI and Adani Green Energy have been the gainers.

Adani Green Energy had on Monday final week entered the checklist of the top-10 most valued home firms.

The market capitalisation (m-cap) of Reliance Industries plummeted by 43,491.37 crore to succeed in 17,26,714.05 crore.

The valuation of Infosys dived 27,953.78 crore to 7,35,611.35 crore.

HDFC Bank’s market valuation eroded by 27,866.34 crore to 8,12,338.57 crore and that of HDFC tumbled 14,631.11 crore to 4,31,028.49 crore.

The m-cap of Tata Consultancy Services (TCS) tanked 9,348.88 crore to face at 13,39,688.48 crore.

The valuation of Hindustan Unilever (HUL) declined by 7,119.26 crore to 5,05,737.77 crore and that of Bajaj Finance diped by 2,125.05 crore to 4,43,685.79 crore.

In distinction, the brand new entrant Adani Green Energy added 84,581.99 crore, taking its valuation to 4,48,050.99 crore.

ICICI Bank’s market capitalisation jumped 5,559.02 crore to 5,29,739.59 crore and that of State Bank of India (SBI) rose 1,249.45 crore to 4,61,848.65 crore.

In the rating of top-10 firms, Reliance Industries maintained its top position, adopted by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Adani Green Energy, Bajaj Finance and HDFC.

Stock markets have been closed on (*10*) for Mahavir Jayanti and Dr Babasaheb (*7*) Jayanti, in addition to on Friday on account of Good Friday. 

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