The market valuation of eight of the 10 most valuable companies has come down by Rs 1,23,670.47 crore since last week. This is according to the declining trend in the stock market. The BSE benchmark lost 654.54 points or 1.26 per cent over the past week. Only Reliance Industries (RIL) and State Bank of India (SBI) emerged among the top 10 most valued companies.
How much loss to whom?
Tata Consultancy Services has suffered the most on the list. The company’s market valuation has fallen by Rs 44,672.14 crore to Rs 11,52,770.11 crore. At the same time, HDFC Bank’s market valuation has come down by Rs 23,964.99 crore to Rs 8,47,754.65 crore.
ICICI Bank’s market capitalization (m-cap) declined by Rs 16,146.38 crore to Rs 4,31,177.44 crore. Whereas, Hindustan Unilever fell by Rs 14,273.56 crore to Rs 5,12,473.46 crore. The valuation of HDFC has come down by Rs 9,408.05 crore to Rs 9,408.05 crore at Rs 4,92,908.61 crore. Infosys’s m-cap decreased by Rs 7,735.21 crore to 5,50,100.64.
RIL valuation increased
Market capitalization of Bajaj Finance decreased by Rs 4,667.04 crore to Rs 3,31,365.79 crore. Kotak Mahindra declined by Rs 2,803.1 crore to Rs 3,83,777.06 crore. In contrast, the valuation of RIL increased by Rs 24,914 crore to Rs 13,18,952.34 crore.
The valuation of SBI rose by Rs 5,488.63 crore to Rs 3,56,404.36 crore. In the ranking of the top 10 companies, RIL leads the list, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever Limited, HDFC, ICICI Bank, Kotak Mahindra Bank, SBI and Bajaj Finance.
Earlier, the market capitalization (market cap) of seven of the top 10 valuable companies of the Sensex had increased by Rs 1,40,430.45 crore last time. The biggest beneficiary in this has emerged as Reliance Industries. During the week, BSE had increased by 812.67 points or 1.60 per cent.