Six of top-10 valued companies lose Rs 92,147 crore in market valuation; TCS,RIL major losers
Top companies like TCS, infosys and RIL's m-cap were hit by severe losses, whereas Kotak and HDFC's valuation went higher significantly
Six of the 10 most valued companies took a combined hit of Rs 92,147.28 crore in market valuation last week, with Tata Consultancy Services and Reliance Industries leading the losers’ chart.
Reliance Industries, Tata Consultancy Services, Infosys, Hindustan Unilever, ICICI Bank and State Bank of India suffered losses in their market capitalisation (m-cap). On the other hand, HDFC Bank, HDFC, Bajaj Finance and Kotak Mahindra Bank posted gains in m-cap.
Top losers
The valuation of Tata Consultancy Services dived Rs 43,574.83 crore to Rs 11,86,563.20 crore and that of Reliance Industries declined by Rs 35,500.88 crore to Rs 13,14,293.35 crore.
The market capitalisation (m-cap) of Hindustan Unilever Limited tumbled Rs 9,139.9 crore to Rs 5,75,555.28 crore and that of Infosys dipped Rs 1,981.5 crore to reach Rs 6,65,930.24 crore.
ICICI Bank’s valuation eroded by Rs 1,102.33 crore to Rs 4,42,302.42 crore State Bank of India’s by Rs 847.84 crore to Rs 3,78,046.54 crore.
HDFC and Kotak gains
In contrast, HDFC Bank’s valuation zoomed past Rs 11,689.01 crore to Rs 8,30,002.67 crore. Bajaj Finance added Rs 8,332.62 crore taking its valuation to Rs 3,70,380.58 crore.
HDFC’s m-cap jumped Rs 3,909.44 crore to Rs 4,50,850.54 crore and that of Kotak Mahindra Bank by Rs 763.21 crore to Rs 3,41,000.47 crore.
RIL- still no.1
Reliance Industries continued to rule the top-10 companies’ chart followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, State Bank of India, Bajaj Finance and Kotak Mahindra Bank in that order.
During the last week, the 30-share BSE benchmark declined 98.48 points or 0.18 per cent.