The combined market valuation of seven of the 10 most valuable companies fell ₹1,14,201.53 crore last week, pulled down by Hindustan twins Unilever and HDFC.
Last week, the benchmark BSE index fell by 501.73 points or 0.86%.
While HDFC Bank, ICICI Bank, Hindustan Unilever Limited, State Bank of India, Bajaj Finance, HDFC and Bharti Airtel were among the top 10 laggards, Reliance Industries Limited, Tata Consultancy Services and Infosys were the three winners.
Hindustan Unilever’s market valuation plummeted ₹34,785.7 crores to be reached ₹4,59,121.88 crore.
HDFC Bank’s valuation plummets ₹26,891.57 crore to ₹7,93,855.60 crore.
The valuation of HDFC eroded by ₹20,348.29 crore to ₹4,17,511.38 crore and that of ICICI Bank plunged ₹14,372.87 crore to ₹4 85,801.96 crores.
Market capitalization (mcap) of State Bank of India decreased by ₹10,174.05 crore to ₹4,37,618.33 crore and that of Bharti Airtel fell by ₹7,441.7 crore to ₹3 89,522.03 crore.
Bajaj Finance’s valuation plummeted ₹187.35 crore to ₹4 22,138.56 crores.
In contrast, Reliance Industries added ₹79,188.07 crore bringing its valuation to ₹17,56,635.40 crore.
Tata Consultancy Services valuation jumps ₹12,114.39 crore to ₹13,71,589.75 crore.
Infosys’ market capitalization also increased ₹9,404.12 crore to ₹7 89,352.44 crore.
In the ranking of the 10 most valued companies, Reliance Industries topped the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, State Bank of India, Bajaj Finance, HDFC and Bharti Airtel. PTI SUM MR
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