Six of top-10 companies lost Rs 64,219 crore in m-cap last week
PTI, May 5, 2019, 11:08 AM IST
New Delhi: The combined market valuation of six of the 10 most valued Indian companies plunged by Rs 64,219.2 crore last week, with IT giant TCS suffering the biggest drop.
ITC, HUL, Infosys, SBI and ICICI Bank were the other firms which witnessed a slide in their market capitalisation (m-cap) for the week ended Friday, while Reliance Industries Ltd (RIL), HDFC Bank, HDFC and Kotak Mahindra Bank finished with gains.
The m-cap of Tata Consultancy Services (TCS) slumped Rs 39,700.2 crore to stand at Rs 8,00,196.04 crore. HUL’s valuation tumbled Rs 11,029.2 crore to Rs 3,66,441.16 crore and that of Infosys dropped Rs 5,832.53 crore to Rs 3,16,201.41 crore.
The market cap of ICICI Bank eroded by Rs 35,58.82 crore to Rs 2,59,087.06 crore and that of SBI declined Rs 2,811.25 crore to reach Rs 2,75,904.37 crore.
ITC’s valuation fell by Rs 1,287.15 crore to Rs 3,72,172.06 crore. In contrast, the m-cap of HDFC Bank zoomed by Rs 25,492.79 crore to Rs 6,45,508.46 crore.
The valuation of RIL jumped Rs 9,888.45 crore to Rs 8,91,893.89 crore and that of Kotak Mahindra Bank climbed Rs 7,654.43 crore to Rs 2,70,701.52 crore. HDFC’s m-cap advanced Rs 6,102.5 crore to Rs 3,46,008.92 crore.
In the list of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, ITC, Hindustan Unilever Ltd (HUL), HDFC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.
Over the last week which had two market holidays, the BSE Sensex fell 104.07 points, or 0.26 per cent to close at 38,963.26 on Friday.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
Baku climate talks: The ‘X’ factor that could determine future of Global South
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Gautam Adani charged in US with USD 250 mn bribery, fraud
India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra
MUST WATCH
Latest Additions
K’taka Health Minister calls for collaborative efforts to combat Antimicrobial Resistance
Public Alert: Cyber fraudsters impersonating traffic police to demand fines
Court acquits MLA Bachchu Kadu in 2011 Mantralaya clerk slapping case
Markets stage sharp recovery; Sensex reclaims 79k level, Nifty surges 557.35 points
UP: 25 people booked for attacking civic officials for encroachment removal
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.