Last Update: February 26, 2023, 13:14 IST
Nine out of 10 most-valued firms saw a decline of Rs 1,87,808.26 crore in market valuation last week.
Barring ITC, all 10 firms including Tata Consultancy Services, Infosys, ICICI Bank and Hindustan Unilever were the losers.
Nine out of 10 most valued firms saw a decline of Rs 1,87,808.26 crore in market valuation last week amid an overall weak trend in equities. The BSE benchmark fell 1,538.64 points or 2.52 per cent last week amid US Federal Reserve concerns. Increase interest rates further to control inflation. Fresh foreign fund outflows also weighed on investor sentiment.
Barring ITC, all 10 firms including Tata Consultancy Services (TCS), Infosys, ICICI Bank and Hindustan Unilever were the losers.
HDFC Bank’s valuation declined by Rs 37,848.16 crore to Rs 8,86,070.99 crore on Friday.
The market capitalization of Reliance Industries declined by Rs 36,567.46 crore to Rs 16,14,109.66 crore.
TCS’s valuation declined by Rs 36,444.15 crore to Rs 12,44,095.76 crore and that of HDFC declined by Rs 20,871.15 crore to Rs 4,71,365.94 crore.
The market capitalization (mcap) of ICICI Bank declined by Rs 15,765.56 crore to Rs 5,86,154.58 crore and that of Infosys declined by Rs 13,465.86 crore to Rs 6,52,862.70 crore.
The market capitalization of Bharti Airtel declined by Rs 10,729.2 crore to Rs 4,22,034.05 crore and State Bank of India 8,879.98 crore decreased to Rs 4,64,927.66 crore.
Hindustan Unilever’s valuation declined by Rs 7,236.74 crore to Rs 5,83,697.21 crore.
However, ITC added Rs 2,143.73 crore and its mcap rose to Rs 4,77,910.85 crore.
Reliance Industries retained the title of the most valuable firm followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, ITC, HDFC, State Bank of India and Bharti Airtel.
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(This story has not been edited by News18 staff and is published from a syndicated news agency feed)