The combined market capitalization of six of the top-10 highest-valued firms declined Rs 1,55,721.12 crore last week, with Reliance Industries declining the most. The BSE benchmark Sensex plunged 237.8 points, or 0.29 per cent during this period.
Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India were the other companies which witnessed decline in their market valuation. However, TCS, HDFC Bank, Infosys, and State Bank of India registered gains.
Reliance Industries market valuation decreased by Rs 74,563.37 crore to Rs 17,37,556.68 crore, while Bharti Airtel’s reduced by Rs 26,274.75 crore to Rs 8,94,024.60 crore.
ICICI Bank’s market value declined by Rs 22,254.79 crore to Rs 8,88,432.06 crore, ITC’s by Rs 15,449.47 crore to Rs 5,98,213.49 crore, LIC’s by Rs 9,930.25 crore to Rs 5,78,579.16 crore, and Hindustan Unilever’s value decreased by Rs 7,248.49 crore to Rs 5,89,160.01 crore.
Meanwhile, TCS’s valuation increased by Rs 57,744.68 crore to Rs 14,99,697.28 crore, Infosys’s by Rs 28,838.95 crore to Rs 7,60,281.13 crore, SBI’s by Rs 19,812.65 crore to Rs 7,52,568.58 crore and HDFC Bank’s value grew by Rs 14,678.09 crore, reaching Rs 13,40,754.74 crore.
In terms of market valuation rankings, Reliance Industries maintained its position as the highest-valued firm, followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever, and LIC.
