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.
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.
The combined market valuation of seven of the top-10 most valued firms tumbled by ₹1.75 trillion last week, with Reliance Industries taking the biggest hit as its valuation eroded by ₹89,720.3 crore to ₹18,24,515.62 crore.
Uddhav Thackeray-led Shiv Sena Rajya Sabha MP and chief Sena spokesperson urged Prime Minister Narendra Modi to set up a gas production unit using sewage in Mumbai's polluted Mithi river to tide over gas shortage due to the Iran war.
At close, the Sensex was down 1,097 points or 1.37% at 78,918.90, and the Nifty was down 315.45 points or 1.27% at 24,450.45.
The combined market valuation of seven of the top 10 most valued firms jumped Rs 1,06,250.95 crore last week. Bajaj Finance and Reliance Industries emerged as the biggest gainers.
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.
At close, Sensex was up 443.79 points or 0.55% at 81,442.04, and the Nifty was up 130.70 points or 0.53% at 24,750.90.
Mukesh Ambani, Chairman and MD of Reliance Industries, on Friday announced that Reliance will invest over Rs 75,000 crore in North Eastern states over the next five years.
Reliance Industries has secured a dual-currency loan worth the equivalent of USD 2.9 billion, according to a report by Bloomberg.
