market capitalization
The total valuation of six of the country’s top 10 companies in terms of market capitalization declined by Rs 1,55,721.12 crore last week. During this period, Reliance Industries suffered the most loss. Last week, BSE Sensex fell by 237.8 points or 0.29 per cent. Market valuations of Reliance Industries, Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever and Life Insurance Corporation of India (LIC) declined. On the other hand, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India were gainers.
M-cap of these companies fell
The valuation of Reliance Industries declined by Rs 74,563.37 crore to Rs 17,37,556.68 crore. Bharti Airtel’s valuation declined by Rs 26,274.75 crore to Rs 8,94,024.60 crore. Similarly, the market valuation of ICICI Bank declined by Rs 22,254.79 crore to Rs 8,88,432.06 crore and that of ITC declined by Rs 15,449.47 crore to Rs 5,98,213.49 crore. The market capitalization of LIC declined by Rs 9,930.25 crore and that of Hindustan Unilever declined by Rs 7,248.49 crore.
Increased valuation of these companies
TCS’s valuation, on the other hand, increased by Rs 57,744.68 crore to Rs 14,99,697.28 crore. Infosys’ valuation rose by Rs 28,838.95 crore to Rs 7,60,281.13 crore and State Bank of India’s valuation rose by Rs 19,812.65 crore to Rs 7,52,568.58 crore. Reliance Industries remains the most valuable company in the country. This is followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, ITC, Hindustan Unilever and LIC.
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