Last week, the market valuation of seven of the top10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened week.
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Last week, the market valuation of seven of the top10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened week.
Bharti Airtel and Tata Consultancy Services took the biggest hit, in line with the weak trend in equities.
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State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) were the gainers, while Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Hindustan Unilever faced erosion from their valuation.
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The market valuation of Bharti Airtel tumbled Rs 30,506.26 crore to Rs 11,41,048.30 crore while TCS faced an erosion of Rs 23,680.38 crore from its valuation, which stood at Rs 10,82,658.42 crore.
Hindustan Unilever witnessed a drop by Rs 12,253.12 crore to Rs 5,67,308.81 crore, and Reliance Industries declined by Rs 11,164.29 crore to Rs 20,00,437.77 crore.
HDFC Bank’s mcap dipped by Rs 7,303.93 crore to Rs 15,11,375.21 crore, and the valuation of ICICI Bank declined by Rs 1,587.78 crore to Rs 9,59,540.08 crore. However, the mcap of LIC climbed Rs 18,469 crore to Rs 5,84,366.54 crore.
The market valuation of State Bank of India jumped Rs 17,492.02 crore to Rs 8,82,400.89 crore. Valuation of Bajaj Finance went up by Rs 14,965.08 crore to Rs 6,63,721.32 crore.
In a rank-wise analysis, Reliance Industries remained the most valued domestic firm. It was followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, LIC and Hindustan Unilever.
On Friday, the market recovered from the day’s low to end with little change in the volatile session after the rebound in metal, banking and broader indices.
At close, the Sensex was down 94.73 points or 0.11 per cent at 83,216.28, and the Nifty was down 17.40 points or 0.07 per cent at 25,492.30.
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