The top-10 most valuable firms suffered a combined erosion of Rs 2,85,251.65 crore from their market valuations last week, reflecting an overall weak broader market trend, with Reliance Industries being hit hardest. On a weekly basis, the Sensex fell 2,225.29 points or 3.89 per cent, while the Nifty lost 691.30 points or 4.04 per cent.
The market valuation of Reliance Industries fell by Rs 1,14,767.5 crore to Rs 17,73,196.68 crore, the biggest fall among the top-10 firms. The market capitalization (mcap) of Tata Consultancy Services declined by Rs 42,847.49 crore to Rs 12,56,152.34 crore.
HDFC Bank’s valuation fell by Rs 36,984.46 crore to Rs 7,31,068.41 crore and that of Hindustan Unilever declined by Rs 20,558.92 crore to Rs 5,05,068.14 crore. ICICI Bank’s m-cap declined by Rs 16,625.96 crore to Rs 5,00,136.52 crore and that of Bharti Airtel declined by Rs 16,091.64 crore to Rs 3,90,153.62 crore.
HDFC’s valuation declined by Rs 13,924.03 crore to Rs 3,90,045.06 crore and that of State Bank of India declined by Rs 10,843.4 crore to Rs 4,32,263.56 crore. The valuation of Infosys declined by Rs 10,285.69 crore to Rs 6,49,302.28 crore and that of Adani Green Energy declined by Rs 2,322.56 crore to Rs 4,49,255.28 crore.
In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, Adani Green Energy, State Bank of India, Bharti Airtel and HDFC.
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