Eight of the top ten most valuable firms saw their market valuations fall by Rs 2,48,372.97 crore last week, in keeping with the larger market trend, with Reliance Industries taking the greatest damage. The Sensex fell 2,041.96 points, or 3.72 percent, last week.
While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, State Bank of India, HDFC, and Bharti Airtel trailed, Hindustan Unilever Limited and Kotak Mahindra Bank outperformed. Reliance Industries’ market capitalization fell by Rs 1,30,627.7 crore to Rs 16,42,568.98 crore.
The market capitalization (MCAP) of the State Bank of India fell by Rs 35,073.72 crore to Rs 3,97,189.84 crore. ICICI Bank’s valuation fell by Rs 29,279.72 crore to Rs 4,70,856.80 crore, while Infosys’s fell by Rs 16,869.36 crore to Rs 6,32,432.92 crore.
HDFC Bank’s market capitalization fell by Rs 14,427.28 crore to Rs 7,16,641.13 crore, while Bharti Airtel’s fell by Rs 11,533.26 crore to Rs 3,78,620.36 crore. Tata Consultancy Services’ MCAP declined by Rs 7,153.45 crore to Rs 12,48,998.89 crore, while HDFC’s fell by Rs 3,408.48 crore to Rs 3,86,636.58 crore.
In contrast, Hindustan Unilever increased its valuation by Rs 10,514.42 crore, bringing it to Rs 5,15,582.56 crore. Kotak Mahindra Bank’s market capitalization increased by Rs 1,231.33 crore to Rs 3,53,200.33 crore.
Reliance Industries remained the most valuable firm in the top-10 ranking, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel, and Kotak Mahindra Bank.