TCS, Infosys, SBI, ICICI Bank lose Rs 95,864 crore in mcap in a week
The valuation of Tata Consultancy Services (TCS) slumped Rs 34,136.66 crore to Rs 16,12,762.51 crore. State Bank of India's valuation dropped Rs 29,495.84 crore to Rs 6,98,440.13 crore and that of Bharti Airtel diminished Rs 28,379.54 crore to Rs 8,76,207.58 crore.
The combined market valuation of eight of the top-10 most valued firms got eroded by Rs 2,01,699.77 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest laggards, in line with weak trends in equities. Last week, the BSE benchmark dropped 1,181.84 points, or 1.43 per cent.
The market valuation of Reliance Industries tumbled Rs 60,824.68 crore to Rs 19,82,282.42 crore.
The valuation of Tata Consultancy Services (TCS) slumped Rs 34,136.66 crore to Rs 16,12,762.51 crore.
State Bank of India's valuation dropped Rs 29,495.84 crore to Rs 6,98,440.13 crore and that of Bharti Airtel diminished Rs 28,379.54 crore to Rs 8,76,207.58 crore.
The market capitalisation (mcap) of Infosys tanked Rs 17,061.44 crore to Rs 7,89,819.06 crore and that of Life Insurance Corporation of India (LIC) eroded by Rs 16,381.74 crore to Rs 6,57,009.14 crore.
ICICI Bank's mcap declined Rs 15,169.76 crore to Rs 8,51,204.65 crore and that of ITC was down Rs 250.11 crore to Rs 6,27,337.65 crore.
However, Hindustan Unilever added Rs 14,179.78 crore, taking its market valuation to Rs 6,66,919.73 crore.
The mcap of HDFC Bank climbed Rs 3,735.35 crore to Rs 12,47,941.78 crore.
Reliance Industries remained the most-valued domestic firm followed by TCS, HDFC Bank, Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, LIC, and ITC.
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
Retirement Corpus Target Rs 4 Crore: What should be your monthly SIP investment to achieve it in 10 years, 20 years, and 30 years? See calculations
Top 10 Large Cap Mutual Funds With Highest SIP Returns in 5 Years: Rs 12,500 monthly SIP in No. 1 fund has turned into Rs 19.11 lakh; what others have done
EPF Interest Calculation: What will be retirement corpus on Rs 3,000, Rs 6,000, or Rs 9,000 monthly contribution for 25-year-old
Navratna PSU stock remains analysts' long-term favourite; brokerage's Rs 303 target implies 17% upside
Top 7 Mutual Funds With Highest SIP Returns in 1 Year: No.1 fund has converted Rs 21,000 monthly SIP into Rs 3,42,126
SBI 5-year FD vs Physical Gold: Which investment has given higher return on Rs 5 lakh investment in 5 years; see calculations
03:43 PM IST