M-Cap: Market valuation of seven of the country's top 10 companies decreased by Rs 80,200 crore, it suffered more losses
Stock Market Investors Wealth: Seven of the ten most valuable companies combined registered a decline of Rs 80200 crore in their total market valuation last week. HDFC Bank and TCS have suffered the most in this. Let us know about the m-cap and ranking of the top 10 firms of this week.
The combined market valuation of seven of the top 10 valued companies declined by Rs 80,200.24 crore last week amid a weak trend in the stock market. In this, the m-cap of Tata Consultancy Services and HDFC Bank declined.
In the last week's holiday, the BSE benchmark fell 373.99 points or 0.57 percent.
Among the top 10 mcaps, Reliance Industries, Hindustan Unilever, and Infosys gained, while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance saw valuation decline.
The market valuation of Tata Consultancy Services (TCS) declined by Rs 29,894.45 crore to Rs 12,32,240.44 crore. HDFC Bank's valuation declined by Rs 19,664.06 crore to Rs 12,02,728.20 crore. The market valuation of Bajaj Finance declined by Rs 12,233.5 crore to Rs 4,15,763.47 crore and that of ITC declined by Rs 8,338.45 crore to Rs 5,50,821.26 crore.
The market capitalization of Bharti Airtel declined by Rs 8,081.38 crore to Rs 4,78,730.70 crore and that of State Bank of India declined by Rs 1,026.33 crore to Rs 5,11,424.89 crore. The mcap of ICICI Bank declined by Rs 962.07 crore to Rs 6,65,550.83 crore.
Hindustan Unilever added Rs 12,347.1 crore, taking its market valuation to Rs 6,00,250.08 crore. The mcap of Infosys rose by Rs 6,972.87 crore to Rs 5,76,379.26 crore and that of Reliance Industries gained Rs 5,886.09 crore to Rs 17,29,764.68 crore.
In the ranking of top-10 companies, Reliance Industries topped the list. It was followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, Bharti Airtel, and Bajaj Finance.
