Reliance Industries (RIL) emerged as the biggest loser
Five of the 10 most
valued domestic firms suffered a combined loss of Rs 1,07,160 crore in market
valuation last week, with Reliance
Industries Ltd (RIL) emerging as the biggest loser.
Tata Consultancy Services Ltd (TCS), HUL, Infosys Ltd and ICICI Bank Ltd were
the other bluechip firms that witnessed a drop in their market capitalisation
(m-cap) last week. However, HDFC Bank, HDFC Ltd, Bajaj Finance Ltd and Bharti
Airtel finished with gains.
RIL's valuation
tumbled Rs 69,378.51 crore to Rs 12,84,246.18 crore.
The m-cap of TCS
plummeted Rs 4,165.14 crore to Rs 9,97,984.24 crore and that of Hindustan
Unilever Ltd (HUL) dropped by Rs 16,211.94 crore to Rs 4,98,011.94 crore.
The market
valuation of Infosys fell Rs 12,948.61 crore to Rs 4,69,834.44 crore and that
of ICICI Bank declined Rs 4,455.8 crore to Rs 3,31,315.58 crore.
On the other hand,
HDFC Bank added Rs 18,827.94 crore to its valuation at Rs 7,72,853.69 crore.
HDFC's valuation
rose by Rs 3,938.48 crore to Rs 4,19,699.86 crore and that of Kotak Mahindra
Bank jumped Rs 23,445.93 crore to Rs 3,73,947.2 crore.
The market
valuation of Bajaj Finance advanced by Rs 20,747.08 crore to Rs 2,84,285.64
crore and that of Bharti Airtel Ltd rose by Rs 1,145.67 crore to Rs 2,63,776.2
crore.
RIL led the chart
of top-10 valued companies, followed by TCS, HDFC Bank, HUL, Infosys, HDFC,
Kotak Mahindra Bank, ICICI Bank, Bajaj Finance and Bharti Airtel Ltd.
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