TCS, Reliance, Infosys among the top six companies to lose in market valuation
Advertisement
Advertisement
The combined market valuation of six of the 10 most valued Indian firms fell sharply by Rs 91,800.9 crore last week, with IT major TCS taking the biggest hit.While TCS, RIL, ITC, Infosys, HDFC and HUL suffered losses in their market valuation for the week ended Friday, HDFC Bank, ONGC, SBI and CIL made gains, a news agency reported.
The market valuation of TCS nosedived Rs 44,344.48 crore to Rs 4,14,784.93 crore.
HDFC's m-cap dived Rs 17,344.55 crore to Rs 2,01,402.74 crore and that of Infosys tumbled Rs 11,243.55 crore to Rs 2,11,743.84 crore.
The valuation of HUL plunged Rs 10,063.88 crore to Rs 1,73,336.76 crore and of ITC tanked Rs 7,390.19 crore to Rs 2,94,395.81 crore.
Advertisement
RIL lost Rs 1,414.25 crore to Rs 3,24,791.58 crore from its m-cap.
On the other hand, SBI emerged as the biggest gainer as its m-cap surged Rs 23,327.15 crore to Rs 2,11,846.19 crore.
HDFC Bank's valuation zoomed Rs 8,157.66 crore to Rs 3,25,210.41 crore.
The m-cap of CIL moved up by Rs 5,432.07 crore to Rs 2,04,713.37 crore and of ONGC jumped Rs 3,165.53 crore to Rs 2,33,864.32 crore.
In the ranking of top-10 firms, TCS continued to remain at the numero-uno spot followed by HDFC Bank, RIL, ITC, ONGC, SBI, Infosys, CIL, HDFC and HUL.
Advertisement
HDFC Bank surpassed RIL to become the second most valued firm after TCS.
Over the last week, the BSE Sensex fell by 455.33 points to 26,818.82.
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance