Eight of the ten most valued firms suffered a mixed erosion of Rs 2,48,372.97 crore of their market valuation final week in step with a weak broader market development, with Reliance Industries taking the biggest hit. Last week, Sensex lost 2,041.96 factors or 3.72 per cent.
While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, State Bank of India, HDFC and Bharti Airtel have been the laggards, Hindustan Unilever Limited and Kotak Mahindra Bank emerged as gainers. The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to achieve Rs 16,42,568.98 crore.
State Bank of India’s market capitalisation (mcap) tanked Rs 35,073.72 crore to Rs 3,97,189.84 crore. The valuation of ICICI Bank plummeted by Rs 29,279.72 crore to Rs 4,70,856.80 crore and that of Infosys eroded by Rs 16,869.36 crore to Rs 6,32,432.92 crore.
HDFC Bank’s market valuation diminished by Rs 14,427.28 crore to Rs 7,16,641.13 crore and that of Bharti Airtel declined by Rs 11,533.26 crore to Rs 3,78,620.36 crore. The mcap of Tata Consultancy Services went decrease by Rs 7,153.45 crore to Rs 12,48,998.89 crore and that of HDFC fell by Rs 3,408.48 crore to Rs 3,86,636.58 crore.
In distinction, Hindustan Unilever added Rs 10,514.42 crore taking its valuation to Rs 5,15,582.56 crore. The market capitalisation of Kotak Mahindra Bank jumped Rs 1,231.33 crore to Rs 3,53,200.33 crore.
In the rating of top-10 firms, Reliance Industries remained probably the most valued agency, adopted by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel and Kotak Mahindra Bank.