Three of Top 10 Firms Lose Rs 73,630 Crore in Market Capitalization

The mixed market valuation of three of the ten most valued home corporations eroded by Rs 73,630.56 crore final week, with Reliance Industries Limited taking the largest hit. While HUL and ICICI Bank have been the opposite laggards from the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC and Bharti Airtel have been the gainers.

However, the mixed acquire of the seven corporations at Rs 49,441.05 crore was lower than the whole loss suffered by the three firms. Last week, the Sensex climbed 179.95 factors or 0.34 per cent, whereas the Nifty gained 52.80 factors or 0.33 per cent.

The market valuation of Reliance Industries Ltd (RIL) declined by Rs 62,100.95 crore to achieve Rs 16,29,684.50 crore. ICICI Bank’s valuation fell by Rs 6,654.2 crore to Rs 4,89,700.16 crore and that of Hindustan Unilever Ltd (HUL) dipped Rs 4,875.41 crore to Rs 5,36,364.69 crore.

Among the gainers, the market valuation of Infosys jumped Rs 15,172.88 crore to Rs 6,21,907.38 crore. The market capitalization (m-cap) of State Bank of India (SBI) climbed Rs 11,200.38 crore to Rs 4,16,690.11 crore.

The valuation of Life Insurance Corporation of India (LIC) went up by Rs 9,519.12 crore to Rs 4,28,044.22 crore and that of TCS superior Rs 8,489 crore to face at Rs 12,13,396.32 crore. HDFC added Rs 3,924.46 crore to its valuation to achieve Rs 4,01,114.96 crore.

The m-cap of Bharti Airtel gained Rs 1,043.49 crore to Rs 3,69,833.12 crore and that of HDFC Bank went up by Rs 91.72 crore to Rs 7,51,892.03 crore. In the rating of top-10 corporations, Reliance Industries retained its prime slot, adopted by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.

Network18 and TV18 – the businesses that function – are managed by Independent Media Trust, of which Reliance Industries is the only real beneficiary.

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