scorecardresearchMarket Wrap: Seven of top-10 firms lose ₹1.16 lakh crore in market cap last week; RIL, HDFC Bank, SBI and Airtel lag

Market Wrap: Seven of top-10 firms lose 1.16 lakh crore in market cap last week; RIL, HDFC Bank, SBI and Airtel lag

Updated: 02 Oct 2022, 10:13 AM IST
TL;DR.
While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance and HDFC were the laggards from the top-10 pack, TCS, Hindustan Unilever and Infosys emerged as the gainers.
BSE has launched a surveillance framework for certain midcap and smallcap stocks. (PTI Photo/Kunal Patil) 

BSE has launched a surveillance framework for certain midcap and smallcap stocks. (PTI Photo/Kunal Patil) 

(PTI) The combined market valuation of seven of the 10 most valued firms eroded by 1,16,053.13 crore last week amid an overall bearish trend in equities, with Reliance Industries taking the biggest hit.

Last week, the Sensex shed 672 points or 1.15 per cent.

While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance and HDFC were the laggards from the top-10 pack, TCS, Hindustan Unilever and Infosys emerged as the gainers.

The valuation of Reliance Industries fell by 41,706.05 crore to reach 16,08,601.05 crore.

State Bank of India's valuation diminished by 17,313.74 crore to 4,73,941.51 crore.

The market capitalisation (mcap) of ICICI Bank tanked 13,806.39 crore to 6,01,156.60 crore and that of HDFC Bank eroded by 13,423.6 crore to 7,92,270.97 crore.

The mcap of HDFC went lower by 10,830.97 crore to 4,16,077.03 crore and that of Bajaj Finance declined by 10,240.83 crore to 4,44,236.73 crore.

Bharti Airtel's valuation dipped 8,731.55 crore to 4,44,919.45 crore.

However, the market valuation of Infosys jumped 20,144.57 crore to 5,94,608.11 crore.

Tata Consultancy Services (TCS) added 7,976.74 crore, taking its valuation to 10,99,398.58 crore.

The mcap of Hindustan Unilever climbed 4,123.53 crore to 6,33,649.52 crore.

Reliance Industries remained the most valued Indian firm by market valuation, followed by TCS, HDFC Bank, Hindustan Unilever, ICICI Bank, Infosys, State Bank of India (SBI), Bharti Airtel, Bajaj Finance and HDFC. 

First Published: 02 Oct 2022, 10:06 AM IST