Top-4 Firms’ Mcap Falls By Rs 96.6k Cr
TCS, HDFC, ICICI and SBI were the losers, while RIL, Airtel, Infosys, ITC, LIC and Hindustan Unilever collectively added Rs 82,861.16 cr
Top-4 Firms’ Mcap Falls By Rs 96.6k Cr
New Delhi: The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit.While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners. Together they added Rs 82,861.16 crore in combined market valuation.
The market valuation of HDFC Bank tumbled Rs 37,025.46 crore to Rs 13,37,919.84 crore. ICICI Bank’s valuation slumped Rs 29,324.55 crore to Rs 8,93,378.50 crore. The market capitalisation (mcap) of TCS tanked Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India declined Rs 5,399.39 crore to Rs 7,08,168.60 crore.
However, the mcap of Reliance Industries surged Rs 41,138.41 crore to Rs 16,93,373.48 crore.
