te Market-cap of eight of top-10 firms tumbles over Rs 2.48 lakh cr; TCS, HDFC Bank biggest drag | Zee Business

Market-cap of eight of top-10 firms tumbles over Rs 2.48 lakh cr; TCS, HDFC Bank biggest drag

The market valuation of 8 out of the 10 most valued companies witnessed a combined erosion of Rs 2,48,372.97 crore last week amid a weak broader market trend. Reliance Industries, Tata Consultancy Services, HDFC Bank saw the biggest hit.

Market-cap of eight of top-10 firms tumbles over Rs 2.48 lakh cr; TCS, HDFC Bank biggest drag
Last week, Sensex lost 2,041.96 points or 3.72 per cent: PTI

The market valuation of 8 out of the 10 most valued companies witnessed a combined erosion of Rs 2,48,372.97 crore last week amid a weak broader market trend. Reliance Industries, Tata Consultancy Services, HDFC Bank saw the biggest hit.

Last week, Sensex lost 2,041.96 points or 3.72 per cent.

TRENDING NOW

While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, State Bank of India, HDFC and Bharti Airtel were the laggards, Hindustan Unilever Limited and Kotak Mahindra Bank emerged as gainers.

The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.

State Bank of India's market capitalisation (mcap) tanked Rs 35,073.72 crore to Rs 3,97,189.84 crore. The valuation of ICICI Bank plummeted by Rs 29,279.72 crore to Rs 4,70,856.80 crore and that of Infosys eroded by Rs 16,869.36 crore to Rs 6,32,432.92 crore.

HDFC Bank's market valuation diminished by Rs 14,427.28 crore to Rs 7,16,641.13 crore and that of Bharti Airtel declined by Rs 11,533.26 crore to Rs 3,78,620.36 crore.

The mcap of Tata Consultancy Services went lower by Rs 7,153.45 crore to Rs 12,48,998.89 crore and that of HDFC fell by Rs 3,408.48 crore to Rs 3,86,636.58 crore.

In contrast, Hindustan Unilever added Rs 10,514.42 crore taking its valuation to Rs 5,15,582.56 crore.

The market capitalisation of Kotak Mahindra Bank jumped Rs 1,231.33 crore to Rs 3,53,200.33 crore.

In the ranking of top-10 firms, Reliance Industries remained the most valued firm, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, State Bank of India, HDFC, Bharti Airtel and Kotak Mahindra Bank.

Written By: ZeeBiz WebTeam
Updated: Sun, May 15, 2022
12:38 pm
ZeeBiz WebDesk
RELATED NEWS
Sharp fall: Investors' wealth dips Rs 76,196 crore amid sell-off in markets Sharp fall: Investors' wealth dips Rs 76,196 crore amid sell-off in markets
Six of top-10 valued BSE-listed companies lose Rs 1.68 lakh cr in market capitalisation; IT firms TCS, Infosys biggest laggard Six of top-10 valued BSE-listed companies lose Rs 1.68 lakh cr in market capitalisation; IT firms TCS, Infosys biggest laggard
5 of top-10 most valued firms gain Rs 67,843 cr in m-cap; HUL emerges as top gainer while TCS, Infosys' see erosion 5 of top-10 most valued firms gain Rs 67,843 cr in m-cap; HUL emerges as top gainer while TCS, Infosys' see erosion
Market-cap of 8 most valued firms of top-10 tumble Rs 2.21 lakh cr; Infosys, HDFC Bank drop most Market-cap of 8 most valued firms of top-10 tumble Rs 2.21 lakh cr; Infosys, HDFC Bank drop most
Technical Check: Double bottom reversal pattern seen in Can Fin Homes; stock could retest 52-week highs Technical Check: Double bottom reversal pattern seen in Can Fin Homes; stock could retest 52-week highs

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x