The market valuation (m-cap) of 9 out of the top 10 most valuable companies of Sensex collectively declined by Rs 4,74,906.18 crore last week. Reliance Industries and HDFC Bank suffered the biggest losses during this period. The 30-share BSE Sensex fell 3,883.4 points or 4.53 percent last week due to rising tensions in West Asia and the continued withdrawal of foreign funds. The market valuation (m-cap) of Reliance Industries declined by Rs 1,88,479.36 crore to Rs 18,76,718.24 crore during the week under review.
HDFC Bank suffers loss of Rs 72,919 crore
HDFC Bank's market cap fell by Rs 72,919.58 crore to Rs 12,64,267.35 crore last week. Bharti Airtel's market capitalization fell by Rs 53,800.31 crore to Rs 9,34,104.32 crore. While ICICI Bank's valuation fell by Rs 47,461.13 crore to Rs 8,73,059.59 crore. Life Insurance Corporation of India's (LIC) valuation fell by Rs 33,490.86 crore to Rs 6,14,125.65 crore and Hindustan Unilever's valuation fell by Rs 27,525.46 crore to Rs 6,69,363.31 crore.
ITC suffers loss of Rs 24,139 crore
The market cap of ITC fell by Rs 24,139.66 crore to Rs 6,29,695.06 crore. The market capitalization of Tata Consultancy Services (TCS) fell by Rs 21,690.43 crore to Rs 15,37,361.57 crore. The valuation of the State Bank of India (SBI) fell by Rs 5,399.39 crore to Rs 7,10,934.59 crore.
Infosys' market cap rises.
However, contrary to this trend, the market valuation of Infosys rose by Rs 4,629.64 crore to Rs 7,96,527.08 crore. In the list of top-10 companies, Reliance Industries remained in the first position. It was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, SBI, Hindustan Unilever, ITC and LIC respectively.
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