The market valuation of six of top-10 most valued firms spiked by Rs 74,111.57 crore in a week, with Reliance Industries emerging as the biggest gainer. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 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.
HDFC Bank took the biggest hit as its valuation tumbled Rs 56,124.48 crore to Rs 12,01,267.28 crore.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
The combined market valuation of six of India’s top 10 most valued companies declined by more than Rs 3 lakh crore last week, reflecting a broader bearish trend in the equity markets.
In a ranking of market valuation, Reliance Industries remained the most valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever, and LIC.
Last week, the combined market valuation of eight of the top-10 most valued firms eroded by Rs 2,24,630.45 crore. Reliance Industries and HDFC Bank took the biggest hit.
Reliance Industries took the biggest hit, in-line with a bearish trend in equities.
The market valuation of Reliance Industries jumped by Rs 69,556.91 crore to Rs 20,51,590.51 crore while in contrast, the mcap of Infosys declined by Rs 5,494.8 crore to Rs 6,68,256.29 crore.
HDFC Bank took the biggest hit, in line with a bearish trend in domestic equities.
