Mcap of 6 of top 10 valued firms erodes by Rs 70,486.95 crore; Reliance, TCS biggest laggards


NEW DELHI: Six of the ten highest-valued companies saw their market valuations fall by a combined 70,486.95 crore last week Trust Industries and Tata Consulting Services (TCS) suffered the biggest drop after a weak stock trend.
While Reliance Industries, TCS, HDFC Bank, I.T.C, State Bank of India and HDFC were the top 10 laggards, while ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the winners.
Last week, the BSE Sensex fell 298.22 points, or 0.48 percent.
“Markets took a breather last week, down half a percent on mixed signals. The opening was positive but profit-taking by heavyweights across sectors pushed the index lower in subsequent sessions,” said Ajit Mishra, vice president of technical research at Religare Broking Ltd.
Among the biggest losers were the market valuation of Reliance Industries which fell by Rs.27,941.49 crore to Rs.16,52,702.63 crore and that of TCS by Rs.19,027.06 crore to Rs.11,78,854.88 crore.
HDFC Bank’s valuation fell by Rs.10,527.02 crore to Rs.9,20,568.10 crore and HDFC’s by Rs.9,585.82 crore to Rs.4,99,848.62 crore.
The capitalization of State Bank of India fell by Rs. 2,722.01 crore to Rs. 5,13,209.81 crore and that of ITC fell by Rs. 683.55 crore to Rs. 5,21,852.46 crore.
However, Infosys increased its valuation by Rs.9,733.98 crore to Rs.5,26,491.90 crore.
The MCap of Bharti Airtel rose by Rs.7,722.54 crore to Rs.4,49,050.34 crore and that of ICICI Bank rose by Rs.7,716.4 crore to Rs.6,67,196.10 crore.
Hindustan Unilever’s valuation rose by Rs.4,229.27 crore to Rs.6,20,621.04 crore.
Reliance Industries continued to dominate the top 10 most valued companies, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, HDFC and Bharti Airtel.

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