Latest News | Six of Top-10 Firms Lose Rs 78,163 Cr in M-cap; RIL Biggest Drag
Get latest articles and stories on Latest News at LatestLY. The combined market valuation of six of the 10 most valued domestic firms eroded by Rs 78,163 crore last week, with Reliance Industries taking the biggest hit.
New Delhi, Oct 16 (PTI) The combined market valuation of six of the 10 most valued domestic firms eroded by Rs 78,163 crore last week, with Reliance Industries taking the biggest hit.
Last week, the 30-share BSE Sensex declined 271.32 points or 0.46 per cent.
While Reliance Industries, Bharti Airtel, ICICI Bank, HUL, Bajaj Finance and SBI saw a drop in their valuation, TCS, HDFC Bank, Infosys and HDFC emerged as the gainers.
However, the combined gain of the four firms at Rs 30,467.03 crore was less than the total loss suffered by the six companies.
Also Read | Reliance Industrial Infrastructure Ltd's Net Profit Drops 11.4% in Second Quarter on Flattish Revenue.
The market valuation of index heavyweight Reliance Industries tanked Rs 42,113.47 crore to reach Rs 16,04,069.19 crore.
Bharti Airtel lost Rs 15,159.81 crore to stand at Rs 4,26,226.99 crore.
The market capitalisation (mcap) of ICICI Bank declined by Rs 8,272.37 crore to Rs 6,06,317.50 crore and that of Hindustan Unilever Ltd (HUL) fell by Rs 5,404.06 crore to Rs 6,05,219.47 crore.
Bajaj Finance's valuation dipped Rs 4,268.28 crore to Rs 4,40,295.38 crore and that of State Bank of India (SBI) went lower by Rs 2,945.12 crore to Rs 4,70,371.66 crore.
From the gainers' pack, TCS added Rs 11,965 crore, taking its valuation to Rs 11,33,446.05 crore.
Infosys's mcap jumped Rs 9,383.46 crore to reach Rs 6,20,254.82 crore.
The valuation of HDFC Bank climbed Rs 5,792.76 crore to Rs 8,02,686.8 crore and that of HDFC advanced Rs 3,325.71 crore to Rs 4,26,135.93 crore.
In the ranking of the most valued Indian firms, Reliance Industries retained its top spot, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, Bharti Airtel and HDFC.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)