scorecardresearchFrom RIL to TCS: Market cap of five of top-10 firms declines ₹30,737.51 crore last week

From RIL to TCS: Market cap of five of top-10 firms declines 30,737.51 crore last week

Updated: 21 Aug 2022, 11:31 AM IST
TL;DR.
While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance were the laggards from the top-10 pack, HDFC Bank, Infosys, Hindustan Unilever, HDFC and Life Insurance Corporation of India (LIC) were the gainers.
FILE PHOTO: A man speaks on his mobile phone past a new brand identity for Nifty Indices inside the National Stock Exchange (NSE) building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas

FILE PHOTO: A man speaks on his mobile phone past a new brand identity for Nifty Indices inside the National Stock Exchange (NSE) building in Mumbai, India, May 28, 2019. REUTERS/Francis Mascarenhas

(PTI) Five of the top-10 valued firms together lost 30,737.51 crore in market valuation last week, with Reliance Industries Limited taking the biggest hit.

In the holiday-shortened week, the Sensex advanced 183.37 points or 0.30 per cent.

While Reliance Industries, Tata Consultancy Services, ICICI Bank, State Bank of India and Bajaj Finance were the laggards from the top-10 pack, HDFC Bank, Infosys, Hindustan Unilever, HDFC and Life Insurance Corporation of India (LIC) were the gainers.

The valuation of Reliance Industries declined by 12,883.7 crore to 17,68,144.77 crore.

The market capitalisation (mcap) of State Bank of India fell by 9,147.73 crore to 4,64,436.79 crore.

The valuation of Tata Consultancy Services (TCS) dropped by 5,323.92 crore to 12,38,680.37 crore and that of ICICI Bank by 2,922.03 crore to 6,05,807.09 crore.

The mcap of Bajaj Finance dipped by 460.13 crore to 4,42,035.99 crore.

On the other hand, the market valuation of Hindustan Unilever rose by 9,128.17 crore to reach 6,18,894.09 crore.

HDFC Bank added 4,835.37 crore to take its valuation to 8,30,042.72 crore.

The market valuation of LIC increased by 2,308.62 crore to 4,33,768.34 crore and that of HDFC advanced 1,916.08 crore to 4,47,675.98 crore.

Infosys added 1,220.24 crore to its valuation which was at 6,72,140.88 crore.

In the ranking of top-10 firms, Reliance Industries remained the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bajaj Finance and LIC.

First Published: 21 Aug 2022, 11:31 AM IST