Top 10 Most Valued Firms: The combined market capitalisation of five of the top 10 most-valued firms declined by over Rs 1 lakh crore last week, with IT major TCS witnessing the steepest erosion amid a weak trend in the domestic equity market, PTI reported.
Last week, the BSE Sensex fell 489.92 points, or 0.62 per cent, while the NSE Nifty declined 204.65 points, or 0.83 per cent.
“Markets ended the week lower as elevated crude oil prices, renewed geopolitical uncertainty and mixed global cues weighed on investor sentiment,” PTI quoted Ajit Mishra, SVP, Research, Religare Broking Ltd.
The market capitalisation (mcap) of TCS declined by Rs 34,263.28 crore to Rs 8,53,506.85 crore.
HDFC Bank’s mcap slipped by Rs 7,165.37 crore to Rs 11,20,802.10 crore, while ICICI Bank’s valuation declined by Rs 2,792.65 crore to Rs 10,17,577.98 crore.
On the other hand, LIC’s market valuation surged by Rs 26,438.49 crore to Rs 5,23,330.31 crore. Bharti Airtel’s mcap increased by Rs 20,592.13 crore to Rs 12,43,016.11 crore, while Bajaj Finance added Rs 3,548.79 crore to reach a valuation of Rs 6,77,197.34 crore.
Larsen & Toubro’s market valuation rose by Rs 2,490.66 crore to Rs 5,58,973.11 crore. Meanwhile, Hindustan Unilever’s mcap climbed by Rs 2,079.38 crore to Rs 4,90,888.35 crore.
Reliance Industries continued to hold the top spot among the country’s most valued firms, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC and Hindustan Unilever. (With Agency Inputs)
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
