scorecardresearchMarket valuation of seven of top-10 most valued firms falls by ₹77,434.98

Market valuation of seven of top-10 most valued firms falls by 77,434.98 crore; ITC, HDFC Bank major laggards

Updated: 30 Jul 2023, 11:22 AM IST
TL;DR.

  • Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack.

The valuation of ITC fell by  <span class='webrupee'>₹</span>26,192.05 crore to  <span class='webrupee'>₹</span>5,83,732.19 crore.

The valuation of ITC fell by 26,192.05 crore to 5,83,732.19 crore.

(PTI) The combined market valuation of seven of the top-10 most valued firms fell by 77,434.98 crore last week, with ITC and HDFC Bank taking the biggest hit, in-line with a muted trend in equities.

Last week, the BSE benchmark fell by 524.06 points or 0.78 per cent.

While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, ITC and Bajaj Finance Limited were the main laggards in the top-10 pack, Infosys, State Bank of India and Bharti Airtel made gains in their market capitalisation (mcap).

The valuation of ITC fell by 26,192.05 crore to 5,83,732.19 crore.

HDFC Bank's mcap declined by 22,747.89 crore to 12,40,322.63 crore and that of Bajaj Finance plunged 12,127.47 crore to 4,47,298.52 crore.

The market valuation of Reliance Industries tumbled 5,818.43 crore to 17,10,076.74 crore and that of TCS went lower by 5,214.15 crore to 12,27,739.80 crore.

Hindustan Unilever's valuation eroded by 4,417.23 crore to 6,07,369.34 crore and that of ICICI Bank dipped by 917.76 crore to 6,96,495.74 crore.

However, the mcap of Bharti Airtel jumped 5,643.3 crore to 5,00,369.30 crore and that of Infosys climbed 4,129.44 crore to 5,56,271.03 crore.

The valuation of State Bank of India gained 981.71 crore to 5,49,800.72 crore.

In the ranking of top-10 companies, Reliance Industries retained the title of the most valued firm followed by HDFC Bank, TCS, ICICI Bank, Hindustan Unilever, ITC, Infosys, State Bank of India, Bharti Airtel and Bajaj Finance.

Article
how to deal with stock market losses
First Published: 30 Jul 2023, 11:22 AM IST