The combined market valuation of three of the 10 most valuable domestic firms declined by Rs 73,630.56 crore last week, with Reliance Industries Ltd taking the biggest hit. While HUL and ICICI Bank lagged behind the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC and Bharti Airtel were among the gainers.
However, the combined profit of the seven firms of Rs 49,441.05 crore was less than the total loss suffered by the three firms. Sensex rose 179.95 points or 0.34 per cent last week, while nifty It gained 52.80 points, or 0.33 percent.
The market valuation of Reliance Industries Limited (RIL) declined by Rs 62,100.95 crore to Rs 16,29,684.50 crore. The valuation of ICICI Bank declined by Rs 6,654.2 crore to Rs 4,89,700.16 crore and that of Hindustan Unilever Limited (HUL) declined by Rs 4,875.41 crore to Rs 5,36,364.69 crore.
Among the gainers, the market valuation of Infosys rose by Rs 15,172.88 crore to Rs 6,21,907.38 crore. Market Capitalization (M-Cap) of State Bank Of India (SBI) climbed Rs 11,200.38 crore to Rs 4,16,690.11 crore.
The valuation of Life Insurance Corporation of India (LIC) rose by Rs 9,519.12 crore to Rs 4,28,044.22 crore and that of TCS rose by Rs 8,489 crore to Rs 12,13,396.32 crore. HDFC added Rs 3,924.46 crore to its valuation and went up to Rs 4,01,114.96 crore.
Bharti Airtel’s m-cap rose by Rs 1,043.49 crore to Rs 3,69,833.12 crore and that of HDFC Bank rose by Rs 91.72 crore to Rs 7,51,892.03 crore. In the ranking of top-10 firms, Reliance Industries retained its top spot, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.
Network18 and TV18 – the companies that operate news18.com – are controlled by the Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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