New Delhi: Mukesh Ambani-led Reliance Industries (RIL) continued to top the table of being the most valued firm in India by market capitalisation. RIL was followed by Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC), Hindustan Unilever and ITC.
The fall in Sensex and Nifty led to the erosion of the combined market valuation of eight of the top-10 most valued firms in the country. The wealth of the firms depreciated by Rs 1,66,954.07 crore last week. Reliance Industries and insurance behemoth LIC were the biggest laggards in line with weak trend in equities.
Mcap of 8 of top-10 most valued firms
Reliance Industries market capitalisation (mcap) plunged Rs 33,930.56 crore to Rs 19,94,765.01 crore.
Life Insurance Corporation of India (LIC) valuation declined Rs 30,676.24 crore to Rs 7,17,001.74 crore.
State Bank of India’s mcap dropped by Rs 21,151.33 crore from its valuation which stood at Rs 7,35,566.52 crore.
Infosys’ market valuation declined Rs 20,973.19 crore to Rs 7,35,277.28 crore; TCS reported a plunge of Rs 19,157.77 crore to Rs 15,30,469.11 crore.
The market capitalisation of Bharti Airtel slipped Rs 16,993.56 crore to Rs 8,33,396.32 crore.
ICICI Bank reported a loss of of Rs 16,975.55 crore to Rs 8,25,201.23 crore.
HDFC Bank, country’s largest private bank, reported a drop of 7,095.87 crore to Rs 12,56,505.53 crore in its market capitalisation.
FMCG major Hindustan Unilever reported a jump despite the weak trends in the stock market. HUL mcap jumped Rs 12,946.24 crore to reach Rs 6,45,808.65 crore.
ITC, another FMCG leader, was in Green and climbed Rs 8,406.26 crore to Rs 6,19,829.37 crore.
Last week, the BSE benchmark slumped 1,276.04 points or 1.57 per cent.
The 30-share BSE Sensex on August 9, 2024 closed at 79,705.91 with 28 of its constituents closing in green. The NSE Nifty ended at 24,367.50.
The market capitalisation of 8 of top-10 most valued firms eroded by Rs 1.66 lakh crore last week. Reliance Industries and LIC were the biggest laggards. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
