6 blue-chip firms lose Rs 1.55 lakh crore mcap in a week; RIL worst hit
The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.
The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.
Last week, the BSE benchmark declined 237.8 points, or 0.29 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) suffered erosion in their market valuation, Tata Consultancy Services (TCS), HDFC Bank, Infosys, and the State Bank of India were the gainers.
The valuation of Reliance Industries fell Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel's valuation dropped Rs 26,274.75 crore to Rs 8,94,024.60 crore.
The market valuation of ICICI Bank slumped Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC tanked Rs 15,449.47 crore to Rs 5,98,213.49 crore.
LIC's market capitalisation (mcap) declined Rs 9,930.25 crore to Rs 5,78,579.16 crore and that of Hindustan Unilever went lower Rs 7,248.49 crore to Rs 5,89,160.01 crore.
However, the valuation of TCS jumped Rs 57,744.68 crore to Rs 14,99,697.28 crore. The mcap of Infosys soared Rs 28,838.95 crore to Rs 7,60,281.13 crore and that of State Bank of India climbed Rs 19,812.65 crore to Rs 7,52,568.58 crore.
HDFC Bank added Rs 14,678.09 crore, taking its valuation to Rs 13,40,754.74 crore. Reliance Industries remained the country's most-valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever, and LIC.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 SBI Mutual Funds With Best SIP Returns in 15 Years: Rs 8,333 monthly SIP investment in No 1 fund is now worth Rs 1,06,51,565; here's what others have given
Power of Compounding: How long will it take your Rs 2,00,000 investment to turn into Rs 8,00,000? Know through this investment rule
Home Loan EMI vs SIP Calculator: Should you go for Rs 65 lakh, 25-year home loan or start SIP investment of same worth? Know maths of both
04:43 PM IST