Mcap of seven of top 10 firms declines by Rs 80,200 cr; TCS, HDFC Bank biggest laggards
TCS and HDFC Bank were the biggest laggards as seven of the top 10 corporations' market valuations fell by Rs 80,200.24 crore last week due to a sluggish equity market.
The combined market value of seven of the top ten most valuable companies fell by Rs 80,200.24 crore last week, with Tata Consultancy Services and HDFC Bank emerging as the largest decliners. The BSE benchmark declined by 373.99 points, or 0.57 percent, in a holiday-shortened week prior. The BSE benchmark declined by 373.99 points, or 0.57 percent, in a holiday-shortened week prior.
Reliance Industries, Hindustan Unilever, and Infosys were the gainers among the top 10 companies, whereas Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance saw their valuations decline.
Tata Consultancy Services (TCS) market value decreased by Rs 29,894.45 crore to Rs 12,32,240.44 crore. Tata Consultancy Services (TCS) market value decreased by Rs 29,894.45 crore to Rs 12,32,240.44 crore. The valuation of HDFC Bank decreased by Rs 19,664.06 crore to Rs 12,02,728.20 crore. Bajaj Finance's market valuation decreased by Rs 12,233.5 crore to Rs 4,15,763.47 crore, while ITC's fell by Rs 8,338.45 crore to Rs 5,50,821.26 crore. Bajaj Finance's market valuation decreased by Rs 12,233.5 crore to Rs 4,15,763.47 crore, while ITC's fell by Rs 8,338.45 crore to Rs 5,50,821.26 crore. The market capitalization (mcap) of Bharti Airtel decreased by Rs 8,081.38 billion to Rs 4,78,730.70 billion, while that of State Bank of India decreased by Rs 1,026.33 billion to Rs 5,11,429.89 billion. The market capitalization of ICICI Bank fell by Rs 962.07 crore to Rs 6,65,550.83 crore. The market capitalization of ICICI Bank fell by Rs 962.07 crore to Rs 6,65,550.83 crore. However, Hindustan Unilever increased its market valuation by Rs 12,347.1 crore, bringing it to Rs 6,002,508.08 crore. The market capitalization of Infosys increased by Rs 6,972.87 billion to Rs 5,76,379.26 billion, while that of Reliance Industries rose by Rs 5,886.09 billion to Rs 17,29.769.68 billion.
The market capitalization of Infosys increased by Rs 6,972.87 billion to Rs 5,76,379.26 billion, while that of Reliance Industries rose by Rs 5,886.09 billion to Rs 17,29.769.68 billion.
Reliance Industries remained the most valuable company in the top 10 list, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance.
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