M-cap of 6 of top-10 most valued companies erodes by Rs 78,166 crore; Reliance greatest laggard

The mixed market valuation of six of the top-10 most valued companies eroded by Rs 78,166.08 crore final week, with Reliance Industries taking the largest hit, in keeping with weak developments in equities. Final week, the BSE benchmark dropped 609.51 factors or 0.74 per cent and the Nifty declined 166.65 factors or 0.66 per cent.

Whereas Reliance Industries, TCS, ICICI Financial institution, State Financial institution of India, Infosys and Hindustan Unilever had been the laggards, HDFC Financial institution, Bharti Airtel, Bajaj Finance and ITC had been the gainers from the top-10 pack.

The market valuation of Reliance Industries declined by Rs 40,800.4 crore to Rs 19,30,339.56 crore.

Tata Consultancy Providers’ valuation dropped by Rs 17,710.54 crore to Rs 12,71,395.95 crore.

The valuation of Infosys went decrease by Rs 10,488.58 crore to Rs 6,49,876.91 crore and that of Hindustan Unilever eroded by Rs 5,462.8 crore to Rs 5,53,974.88 crore.

The market capitalisation (mcap) of ICICI Financial institution edged down by Rs 2,454.31 crore to Rs 10,33,868.01 crore and that of State Financial institution of India dipped by Rs 1,249.45 crore to Rs 7,05,446.59 crore. Nevertheless, the mcap of Bharti Airtel jumped Rs 10,121.24 crore to Rs 10,44,682.72 crore. The valuation of Bajaj Finance surged Rs 4,548.87 crore to Rs 5,74,207.54 crore and that of ITC climbed Rs 875.99 crore to Rs 5,45,991.05 crore.

The mcap of HDFC Financial institution went up by Rs 399.93 crore to Rs 14,80,723.47 crore.

Reliance Industries remained essentially the most beneficial agency adopted by HDFC Financial institution, TCS, Bharti Airtel, ICICI Financial institution, State Financial institution of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC.