The combined market valuation of six of the top-10 most valued firms declined by Rs 64,734.46 crore last week. Bharti Airtel taking the biggest hit, reflecting the broader weakness with its market valuation eroding by Rs 29,993.07 crore to Rs 10,20,420.26 crore.
In a holiday-shortened last week, the BSE benchmark Sensex declined 263.67 points, or 0.35 per cent, and the NSE Nifty fell 106.5 points, or 0.46 per cent.
In a rank-wise analysis, Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, State Bank of India, Tata Consultancy Services Ltd, ICICI Bank, Infosys, Bajaj Finance, Larsen & Toubro, and Hindustan Unilever.
The market valuation of Reliance Industries gained Rs 3,518.45 crore to Rs 18,28,034.07 crore.
ICICI Bank’s valuation tanked by Rs 12,845.81 crore to Rs 8,70,705.49 crore while the market capitalisation (mcap) of HDFC Bank dropped by Rs 7,822.79 crore to Rs 11,56,195.90 crore.
State Bank of India’s market capitalisation diminished by Rs 553.84 crore to Rs 9,41,015.31 crore. Bajaj Finance lost Rs 11,169.36 crore from its market valuation, which stood at Rs 5,14,226.12 crore.
Mcap of Hindustan Unilever declined by Rs 2,349.59 crore to Rs 4,85,190.60 crore and that of Larsen & Toubro added Rs 6,575.43 crore to Rs 4,97,111.62 crore.
The market valuation of Tata Consultancy Services (TCS) surged by Rs 22,359.78 crore to Rs 8,87,028.43 crore while the mcap of Infosys soared by Rs 12,374.76 crore to Rs 5,27,409.43 crore.
On Friday, stock market ended on a positive note in a highly volatile session on Thursday with Nifty closing above 22,700. Market was supported by IT stocks after the Indian rupee posted its biggest gain in over a decade.
At close, the Sensex was up 185.23 points or 0.25 percent at 73,319.55, and the Nifty was up 33.70 points or 0.15 percent at 22,713.10. Nifty Midcap index fell 0.3 percent and Smallcap index declined 0.4 percent.