Top-8 most valued firms' macp tumble by `2.21 lakh cr
Eight of the top-10 most valued firms together lost Rs2,21,555.61 crore from their market valuation last week in-line with the weak trend in the broader market, with Infosys and HDFC Bank suffering the biggest hit.
image for illustrative purpose
New Delhi: Eight of the top-10 most valued firms together lost Rs2,21,555.61 crore from their market valuation last week in-line with the weak trend in the broader market, with Infosys and HDFC Bank suffering the biggest hit.
The 30-share benchmark index, Sensex, lost 1,141.78 points or 1.95 per cent last week. From the top-10 pack, only Reliance Industries (RIL) and Adani Green Energy emerged as the gainers. The market valuation of Infosys tumbled Rs 68,548.8 crore to Rs 6,67,062.55 crore. The market capitalisation (mcap) of HDFC Bank dived Rs60,536.97 crore to reach Rs 7,51,801.60 crore.
Bharti Airtel's valuation tanked Rs 30,127.49 crore to Rs 4,05,723.51 crore and that of Tata Consultancy Services plummeted by Rs 18,094.01 crore to Rs 13,21,594.47 crore. The valuation of State Bank of India declined by Rs 15,261.09 crore to Rs 4,46,587.56 crore and that of Bajaj Finance went lower by Rs 13,264.96 crore to Rs 4,30,420.83 crore. The mcap of ICICI Bank dipped Rs 10,376.97 crore to Rs 5,19,362.62 crore and that of Hindustan Unilever Limited slumped Rs 5,345.32 crore to Rs 5,00,392.45 crore.
