Four Of Top 10 Firms Lose Rs 55,682 Crore In Market Cap; TCS, HUL Worst Hit
In the list of top-10 firms, RIL was at the numero-uno place followed by TCS, HDFC Bank, HUL, and HDFC.
Four of the top 10 most valued companies suffered a combined erosion of Rs 55,681.8 crore in market valuation last week, with Tata Consultancy Services Ltd. and Hindustan Unilever Ltd. taking the sharpest hit.
Reliance Industries Ltd. and ITC Ltd. were the other frontline companies that suffered a drop in their market capitalisation for the week ended Friday, while ICICI Bank Ltd., Housing Development Finance Corporation Ltd., HDFC Bank Ltd., Infosys Ltd., Kotak Mahindra Bank Ltd. and State Bank India were on the gainers side.
However, the cumulative gain by these companies, which was at Rs 54,875.04 crore, was less than the total loss by the four firms.
The valuation of TCS tumbled Rs 26,900.6 crore to Rs 6,22,401.90 crore, making it the top loser among the pack.
It was followed by HUL, whose m-cap valuation plunged Rs 20,230.2 crore to Rs 4,51,633.92 crore.
RIL lost Rs 7,383.37 crore crore in m-cap to stand at Rs 9,16,230.34 crore, while ITC's valuation dropped Rs 1,013.61 crore to Rs 3,20,032.38 crore.
In contrast, the market cap of ICICI Bank rallied Rs 17,760.52 crore to reach Rs 3,16,295.56 crore.
HDFC's valuation zoomed Rs 17,594.97 crore to Rs 3,85,129.55 crore and that of HDFC Bank jumped Rs 7,854.78 crore to Rs 6,86,786.97 crore.
Infosys added Rs 5,747.24 crore to Rs 3,04,282.28 crore in its m-cap and Kotak Mahindra Bank witnessed a rise of Rs 3,820.24 crore to Rs 3,05,657.59 crore.
The market valuation of SBI went up by Rs 2,097.29 crore to Rs 2,81,883.86 crore.
In the list of top-10 firms, RIL was at the numero-uno place followed by TCS, HDFC Bank, HUL, HDFC, ITC, ICICI Bank, Kotak Mahindra Bank, Infosys and SBI.
During the last week, the Sensex advanced 158.58 points or 0.39 percent.