(PTI) The combined market valuation of eight of the 10 most valued firms plunged by ₹2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities.
Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent.
Equity markets were closed on Tuesday on account of Ganesh Chaturthi.
From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.
The market valuation of HDFC Bank plummeted by ₹99,835.27 crore to ₹11,59,154.60 crore. Shares of the company fell by nearly 8 per cent last week.
The valuation of Reliance Industries plunged ₹71,715.6 crore to ₹15,92,661.42 crore. The company's shares declined over 4 per cent past week.
ICICI Bank's valuation dropped ₹29,412.17 crore to ₹6,65,432.34 crore and that of Bharti Airtel fell by ₹12,964.55 crore to ₹5,10,759.01 crore.
The market capitalisation (mcap) of Infosys declined by ₹6,744.34 crore to ₹6,20,893.53 crore and that of ITC went lower by ₹6,484.52 crore to ₹5,52,680.92 crore.
The mcap of Bajaj Finance fell by ₹1,266.37 crore to ₹4,52,773 crore and that of State Bank of India dipped ₹267.74 crore to ₹5,33,781.04 crore.
However, Hindustan Unilever added ₹2,913.49 crore taking its valuation to ₹5,83,239.04 crore. The mcap of TCS climbed ₹1,024.53 crore to ₹13,18,228.14 crore.
In the ranking of top-10 firms, Reliance Industries remained the most valued company followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance.
