Stock market ends lower amid selling in select heavyweights
At the close, the Sensex was 142 points, or 0.19%, lower at 75,867.80, while the Nifty 50 settled with a nominal loss of 7 points, or 0.03%, at 23,907.15.
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week. Reliance Industries emerged as the biggest gainer.
On the gaining side were Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance while HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the losers.
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Reliance Industries added Rs 1,39,655.8 crore taking its market valuation to Rs 19,36,303.30 crore.
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In a rank-wise analysis, Reliance Industries remained the most valued domestic firm followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
The valuation of State Bank of India dropped Rs 30,922.57 crore to Rs 9,85,829.96 crore.
The market capitalisation (mcap) of ICICI Bank eroded by Rs 45,364.62 crore to Rs 9,04,980.78 crore while the mcap of HDFC Bank diminished by Rs 20,951.31 crore to Rs 11,87,274.17 crore
The valuation of LIC declined by Rs 8,222.49 crore to Rs 5,04,798.07 crore
Larsen & Toubro dipped by Rs 178.83 crore to Rs 5,51,993.05 crore and that of Hindustan Unilever edged lower by Rs 18,420.79 crore to Rs 5,28,799.01 crore.
Bharti Airtel’s valuation surged Rs 43,503.51 crore to Rs 11,49,222.13 crore.
The market valuation of TCS jumped Rs 27,569.83 crore to Rs 8,94,933.95 crore and that of Bajaj Finance climbed Rs 9,432.32 crore to Rs 5,83,123.13 crore.
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