The market valuation of nine of the top 10 valued firms eroded by Rs 3.12 trillion last week. Reliance Industries took the biggest hit with its market valuation tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore.
Photo:SNS
The market valuation of nine of the top 10 valued firms eroded by Rs 3.12 trillion last week. Reliance Industries took the biggest hit with its market valuation tumbled Rs 1,34,445.77 crore to Rs 18,08,420.81 crore.
In a rank-wise analysis, Reliance Industries remained the most valued firm. It was followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
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Bharti Airtel emerged as the only winner as the market valuation of the company jumped Rs 42,470.13 crore to Rs 11,60,525.16 crore.
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State Bank of India’s valuation eroded by Rs 52,245.3 crore to Rs 8,88,862.32 crore, and that of Bajaj Finance dived Rs 27,892.28 crore to Rs 5,66,717.74 crore.
The valuation of Tata Consultancy Services (TCS) tanked Rs 47,415.04 crore to Rs 8,19,062.65 crore.
The mcap of HDFC Bank dropped by Rs 20,630.01 crore to Rs 11,82,069.25 crore while that of ICICI Bank by Rs 14,290 crore to Rs 8,92,385.39 crore.
Larsen & Toubro’s valuation edged lower by Rs 9,078.87 crore to Rs 5,37,542.34 crore, and that of Hindustan Unilever fell by Rs 3,970.8 crore to Rs 5,33,592.18 crore.
The Indian Stock Market on Friday ended lower amid weakness in select sectors while the Indian rupee also touched record low that weighed on market sentiment.
At close, the Sensex fell 160.73 points or 0.21 percent to settle at 75,237.99, while the Nifty declined 46.10 points or 0.19 percent to close at 23,643.50. BSE 150 Midcap index fell 0.48%, while the BSE 250 Smallcap index declined 0.37%.
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