New Delhi: Nine of the top-10 most valued companies together lost a whopping Rs 3,09,178.44 crore in market valuation last week as selloffs continued. In a holiday-shortened past week, the 30-share BSE Sensex plummeted 1,836.95 points or 3.11 per cent amid geopolitical tensions, global sell-off triggered by a hawkish US Federal Reserve and unabated foreign fund outflows.
From the top-10 list, State Bank of India was the lone gainer as its valuation jumped Rs 18,340.07 crore to reach Rs 4,67,069.54 crore.
Coming to those whose valuation got eroded were Reliance Industries Limited (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever Ltd (HUL), HDFC, Bajaj Finance and Bharti Airtel.
The market valuation of RIL diminished by Rs 96,512.22 crore to Rs 15,79,779.47 crore, taking the biggest hit among the top-10 firms.
TCS suffered an erosion of Rs 53,488.29 crore to Rs 13,65,042.43 crore from its valuation.
The market capitalisation (mcap) of Infosys tumbled Rs 42,392.63 crore to Rs 7,08,751.77 crore and that of HDFC Bank tanked Rs 31,815.01 crore to reach Rs 8,11,061.12 crore.
The valuation of Bajaj Finance declined by Rs 30,333.64 crore to Rs 4,14,699.49 crore and that of ICICI Bank dipped by Rs 16,291.53 crore to Rs 5,42,407.86 crore.
Bharti Airtel’s market capitalisation plunged Rs 15,814.77 crore to Rs 3,93,174.23 crore.
The valuation of HDFC diminished by Rs 13,319.96 crore to Rs 4,56,102.42 crore and that of HUL went lower by Rs 9,210.39 crore to Rs 5,36,411.69 crore.
In the ranking of top-10 firms, RIL remained the most valued company by market valuation followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, State Bank of India, HDFC, Bajaj Finance and Bharti Airtel.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
