HDFC Bank took the biggest hit as its valuation tumbled Rs 56,124.48 crore to Rs 12,01,267.28 crore.
The combined market valuation of five of the top-10 most-valued firms last week eroded by Rs 1 lakh crore with the valuation of these five firms eroded by Rs 1,02,771.87 crore.
HDFC Bank took the biggest hit as its valuation tumbled Rs 56,124.48 crore to Rs 12,01,267.28 crore.
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The gainers in the pack were Reliance Industries, Bharti Airtel, State Bank of India, Infosys, and Life Insurance Corporation of India (LIC) while the losers were HDFC Bank, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever.
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The market capitalisation (mcap) of TCS declined Rs 7,127.63 crore to Rs 8,64,940 crore while Infosys added Rs 2,473.79 crore taking its mcap to Rs 5,08,789.37 crore.
HDFC Bank’s valuation tumbled Rs 56,124.48 crore to Rs 12,01,267.28 crore and that of ICICI Bank edged lower by Rs 6,171.72 crore to Rs 8,91,673.06 crore. State Bank of India climbed Rs 10,707.52 crore to Rs 9,76,968.57 crore while Bajaj Finance lost Rs 15,338.42 crore to Rs 5,16,715.12 crore.
The market valuation of LIC edged higher by Rs 2,624.88 crore to Rs 4,91,610.45 crore.
The valuation Reliance Industries jumped Rs 45,942.75 crore to Rs 19,14,235.92 crore while Bharti Airtel surged Rs 24,462.03 crore to Rs 10,52,893.75 crore.
In a rank-wise analysis, Reliance Industries remained the most-valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Infosys, LIC and Hindustan Unilever Ltd.
On Friday, the stock market ended on a positive note with Nifty above 23,100 amid selective buying after Thursday’s massive losses. At close, the Sensex was up 325.72 points or 0.44 percent at 74,532.96, and the Nifty was up 112.35 points or 0.49 percent at 23,114.50.
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