Top-10 most valued firms lose over Rs 2.53 lakh crore in m-cap

4 months ago 45

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The marketplace capitalisation (m-cap) of top-10 astir valued companies eroded by implicit Rs 2.53 lakh crore past week, arsenic the home equity benchmarks saw dense selling successful enactment with the marketplace rout worldwide.

Benchmark indices witnessed astir a 4 per cent chopped past week arsenic Foreign Portfolio Investors (FPIs) booked profits crossed large-caps and prime mid-caps, PTI reported.

The Sensex mislaid 2,185.85 points oregon 3.57 per cent connected a play basis, whereas the Nifty tumbled 638.60 points oregon 3.49 per cent. The combined m-cap of the country's top-10 companies eroded by Rs 2,53,394.63 crore during past week, mirroring the dull inclination successful the broader market.

Also Read: M-cap of 8 of top-10 cos jumps implicit 2.34 lakh cr; RIL, Infosys, TCS apical gainers

Corporate large Reliance Industries' m-cap fell by Rs 40,974.25 crore to Rs 16,76,291.69 crore.

IT bellwethers - TCS and Infosys Technologies - unneurotic mislaid Rs 1,09,498.10 crore from their cumulative marketplace cap. The m-cap of TCS stood astatine Rs 14,18,530.72 crore, portion that of Infosys was astatine Rs 7,51,144.40 crore.

The country's apical lenders HDFC Bank, ICICI Bank and SBI saw a cumulative erosion of Rs 29,239.04 crore successful their marketplace capitalisation.

HDFC Bank's valuation dipped by Rs 13,563.15 crore to Rs 8,42,876.13 crore.

The m-cap of State Bank of India (SBI) tanked by Rs 4,863.91 crore to Rs 4,48,729.47 crore and that of ICICI Bank slumped by Rs 10,811.98 crore to scope Rs 5,58,699.39 crore.

Also Read: Eight of top-10 astir valued firms adhd implicit Rs 2.50 lakh cr successful m-cap

The valuation of Hindustan Unilever Ltd (HUL) tanked by Rs 9,938.77 crore to Rs 5,45,622.08 crore and that of Bajaj Finance declined by Rs 27,653.67 crore to Rs 4,45,033.13 crore.

HDFC's valuation slipped by Rs 22,003.75 crore to Rs 4,69,422.38 crore

Telecom large Bharti airtel besides witnessed a dip of Rs 14,087.05 crore from its marketplace valuation which stood astatine Rs 3,81,723.36 crore.

In the ranking of top-10 firms, Reliance Industries was starring the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Bharti Airtel.

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