The top 10 most valued companies suffered a combined erosion of Rs 2,85,251.65 crore from their market valuations last week, reflecting an overall weak broader market trend, with Reliance Industries emerging as the hardest hit. On a weekly basis, the Sensex fell 2,225.29 points, or 3.89 percent, while the Nifty lost 691.30 points, or 4.04 percent.
Reliance Industries’ market valuation fell Rs 1,14,767.5 crore to reach Rs 17,73,196.68 crore, making it the most in the top 10 companies. The market capitalization (mcap) of Tata Consultancy Services fell Rs 42,847.49 crore to Rs 12,56,152.34 crore.
HDFC Bank’s valuation plunged Rs 36,984.46 crore to Rs 7,31,068.41 crore and that of Hindustan Unilever was eroded by Rs 20,558.92 crore to Rs 5,05,068.14 crore. ICICI Bank’s mcap fell Rs 16,625.96 crore to Rs 5,00,136.52 crore and that of Bharti Airtel fell by Rs 16,091.64 crore to Rs 3,90,153.62 crore.
The valuation of HDFC fell by Rs 13,924.03 crore to Rs 3,90,045.06 crore and that of State Bank of India fell by Rs 10,843.4 crore to Rs 4,32,263.56 crore. Infosys valuation plunged Rs 10,285.69 crore to Rs 6,49,302.28 crore and that of Adani Green Energy plunged Rs 2,322.56 crore to Rs 4,49,255.28 crore.
In the ranking of the top 10 companies, Reliance Industries led the list, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, Adani Green Energy, State Bank of India, Bharti Airtel and HDFC.
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