stock market, Bombay Stock Exchange, Nifty, BSE, coronavirus, COVID-19
Among the Sensex pack, IndusInd Bank, Hindustan Unilever, Bajaj Finserv, Titan, Kotak Mahindra Bank and Bajaj Finance were the major laggards in early trade | File Photo

Mcap: 7 of top-10 most valued companies lose ₹1.34 lakh crore

Reliance Industries took the biggest hit as the combined market valuation of seven of the 10 most valued firms eroded by ₹1,34,139.14 crore last week.

Last week, the Sensex lost 741.87 points or 1.26% amid an overall weak trend in equities.

Barring Hindustan Unilever Limited (HUL), Bajaj Finance and ITC, others in the top-10 club suffered erosion in their market valuation.

Also read: Bad bank is a bad idea; it’s brushing balance sheets under the carpet

The valuation of Reliance Industries tumbled by ₹40,558.31 crore to reach ₹16,50,307.10 crore.

However, Reliance Industries retained its top spot in the list of the most valued Indian firms, followed by TCS, HDFC Bank, HUL, ICICI Bank, Infosys, SBI, Bajaj Finance, Adani Transmission and ITC.

HDFC Bank’s market capitalisation (mcap) declined by ₹25,544.89 crore to ₹8,05,694.57 crore.

Also read: Adani Group, Mukesh Ambani’s Reliance sign no-poaching pact

The valuation of Adani Transmission eroded by ₹24,630.08 crore to ₹4,31,662.20 crore and that of ICICI Bank fell by ₹18,147.49 crore to ₹6,14,962.99 crore.

State Bank of India’s mcap diminished by ₹9,950.94 crore to ₹4,91,255.25 crore and that of Tata Consultancy Services (TCS) dipped ₹9,458.65 crore to ₹10,91,421.84 crore.

The mcap of Infosys fell by ₹5,848.78 crore to stand at ₹5,74,463.54 crore.

Also read: Hurun rich list: Adani made ₹1,612 crore per day in last 1 year

However, Hindustan Unilever (HUL) added ₹35,467.08 crore, taking its valuation to ₹6,29,525.99 crore.

ITC’s valuation jumped ₹20,381.61 crore to ₹4,29,198.61 crore and that of Bajaj Finance climbed ₹13,128.73 crore to ₹4,54,477.56 crore.

Also read: Mcap of BSE-listed firms at all-time high of ₹282.66 lakh crore

(With agency inputs)

Read More
Next Story