Four of 10 Most Valued Firms Lose Rs 1.25 Lakh Crore in Market Valuation: Last week, the market cap of four out of the top 10 companies in the country fell by Rs 1,25,397.45 crore in total. Reliance Industries suffered the most shock. Apart from this, Life Insurance Corporation of India (LIC), State Bank of India and ICICI Bank also faced a decline in their valuations during this period. At the same time, the market cap of Infosys, HDFC Bank, Bharti Airtel, TCS, Hindustan Unilever and ITC has increased. During the week, BSE Sensex fell by 428.87 points or 0.55 per cent, and the Nifty fell 111 points or 0.47 per cent.
Who did the loss
The market cap of Reliance Industries declined by Rs 74,969.35 crore to Rs 16,85,998.34 crore. The market cap of Life Insurance Corporation of India (LIC) declined by Rs 21,251.99 crore to Rs 5,19,472.06 crore. State Bank of India’s market cap declined by Rs 17,626.13 crore to Rs 6,64,304.09 crore and ICICI Bank’s market cap declined by Rs 11,549.98 crore to Rs 8,53,945.19 crore.
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Who made advantage
On the other hand, Infosys’s market cap increased by Rs 24,934.38 crore to Rs 7,78,612.76 crore. HDFC Bank added Rs 9,828.08 crore, which increased its market cap to Rs 12,61,627.89 crore. Bharti Airtel’s market cap increased by Rs 9,398.89 crore to Rs 9,36,413.86 crore and Tata Consultancy Services (TCS) market cap increased by Rs 9,262.3 crore to Rs 15,01,976.67 crore. Apart from this, the market cap of Hindustan Unilever and ITC also increased.
Reliance Industries tops the market cap
Reliance Industries remains the most valuable company in the country in terms of market cap. This was followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan Unilever, ITC and LIC.
