Six Of Top 10 Most Valuable Companies Lose Rs 74,034 Crore In Market Cap
The combined market valuation of six of the 10 most valued Indian companies declined by Rs 74,034 crore last week, led by IT major Tata Consultancy Services Ltd. which took the largest hit of Rs 25,140 crore.
For the trading week ended Thursday, Reliance Industries Ltd., TCS, Hindustan Unilever Ltd., Infosys Ltd., State Bank of India Ltd. and ICICI Bank Ltd. witnessed a decline in their market capitalisation, while HDFC Bank Ltd., ITC Ltd., HDFC Ltd. and Maruti Suzuki India Ltd. were on the gainer's side.
Stock markets were closed on Friday for Guru Nanak Jayanti.
The market valuation of Tata Consultancy Services slumped Rs 25,140 crore to Rs 6,81,152 crore at close on Thursday.
The market value of RIL dropped Rs 15,615 crore to Rs 6,99,044 crore and that of Infosys by Rs 13,104 crore to Rs 2,71,037 crore.
ICICI Bank's valuation tumbled Rs 9,819 crore to Rs 2,26,607 crore and that of SBI went down by Rs 6,871 crore to Rs 2,52,209 crore.
The market cap of Hindustan Unilever fell by Rs 3,485 crore to Rs 3,62,503 crore.
On the other hand, ITC added Rs 5,193 crore to Rs 3,43,375 crore.
Maruti Suzuki’s valuation advanced by Rs 2,354 crore to Rs 2,23,840 crore and that of HDFC Bank rose by Rs 1,899 crore to Rs 5,45,035 crore.
The m-cap of HDFC went up by Rs 1,754 crore to Rs 3,21,993 crore.
In the ranking of top-10 firms, RIL stood at No. 1, followed by TCS, HDFC Bank, HUL, ITC, HDFC, Infosys, State Bank of India, ICICI Bank and Maruti Suzuki in that order.
Over the last week, the BSE 30-share index fell 476.14 points to close at 34,981.02 on Thursday.