Bad news for Mukesh Ambani: Reliance Industries loses Rs 707070000000 only within.,
Good News for Noel Tata: TCS earns Rs 111250000000 due to him.
The combined market capitalisation of eight of India’s top 10 most valued companies shrank by Rs 224,630.45 crore last week, led by steep losses in Reliance Industries and HDFC Bank, as equities mirrored a bearish trend.
Among the top 10 heavyweights, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, and Life Insurance Corporation of India (LIC) saw a decline in their valuations, while Tata Consultancy Services (TCS) and Hindustan Unilever managed to post gains.
Market Cap of Reliance Industries, HDFC Bank Falls Down.
The market capitalisation (mcap) of Reliance Industries tumbled Rs 70,707.17 crore to Rs 18,36,424.20 crore.
HDFC Bank’s valuation eroded from Rs 47,482.49 crore to Rs 14,60,863.90 crore. The mcap of ICICI Bank tanked Rs 27,135.23 crore to Rs 9,98,290.96 crore, and that of Bharti Airtel dropped Rs 24,946.71 crore to Rs 10,77,213.23 crore.
The valuation of LIC fell Rs 23,655.49 crore to Rs 5,39,047.93 crore, and that of State Bank of India dived Rs 12,692.1 crore to Rs 7,40,618.60 crore.
The mcap of Bajaj Finance declined Rs 10,471.08 crore to Rs 5,45,490.31 crore, and that of Infosys edged lower by Rs 7,540.18 crore to Rs 6,10,463.94 crore.
Mcap Of TCS, HUL Jumps
However, the market valuation of TCS jumped from Rs 11,125.62 crore to Rs 11,159.62 crore. The mcap of Hindustan Unilever climbed Rs 7,318.98 crore to Rs 6,24,991.28 crore.
Reliance Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Hindustan Unilever, Infosys, Bajaj Finance, and LIC.
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