The combined market valuation of four of the 10 firms tumbled ₹ 1,05,848.14 crore last week, with IT majors TCS and Infosys the biggest laggards.
Market NewsPress Trust of IndiaUpdated: April 10, 2022 1:28 pm IST
Four of top-10 cos lose over ₹ 1 lakh crore in valuation; TCS, Infosys biggest loosers
New Delhi:
The combined market valuation of four of the 10 most valued firms tumbled ₹ 1,05,848.14 crore last week, with IT majors TCS and Infosys emerging as the biggest laggards.
While the market valuation of Reliance Industries, TCS, Infosys and Bajaj Finance declined, HDFC Bank, ICICI Bank, HUL, SBI, HDFC and Bharti Airtel emerged as the gainers with a combined addition of ₹ 51,628.12 crore.
Among the four firms, the valuation of Tata Consultancy Services (TCS) tumbled the most by ₹ 40,640.76 crore to stand at ₹ 13,49,037.36 crore.
Infosys’ market capitalisation (m-cap) tanked ₹ 36,703.8 crore to reach ₹ 7,63,565.13 crore.
Reliance Industries Limited’s (RIL) market valuation eroded by ₹ 25,503.68 crore to ₹ 17,70,205.42 crore, and that of Bajaj Finance dipped by ₹ 2,999.9 crore to ₹ 4,45,810.84 crore.
In contrast, the m-cap of Hindustan Unilever Limited (HUL) jumped by ₹ 24,048.06 crore to ₹ 5,12,857.03 crore, and that of ICICI Bank climbed by ₹ 12,403.56 crore to ₹ 5,24,180.57 crore.
State Bank of India (SBI) added ₹ 7,050.44 crore, taking its valuation to ₹ 4,60,599.20 crore.
HDFC Bank’s valuation rallied by ₹ 4,880.07 crore to ₹ 8,40,204.91 crore.
The market valuation of Bharti Airtel jumped ₹ 1,949.67 crore to ₹ 4,18,574.86 crore, and that of HDFC went higher by ₹ 1,296.32 crore to ₹ 4,45,659.60 crore.
In the ranking of top-10 firms, RIL maintained its top position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Bajaj Finance, HDFC and Airtel.
Last week, the Sensex slipped 170.49 points or 0.28 per cent, while the Nifty shed 113.90 points or 0.64 per cent.