08 May , 2022 By : Kanchan Joshi
The top-10 most valued firms suffered a combined erosion of Rs2,85,251.65 crore from their market valuations last week, mirroring an overall weak broader market trend, with Reliance Industries emerging as the worst-hit.
On a weekly basis, the Sensex slumped 2,225.29 points or 3.89%, while the Nifty lost 691.30 points or 4.04%.
The market valuation of Reliance Industries tumbled Rs1,14,767.5 crore to reach Rs17,73,196.68 crore, falling the most among the top-10 firms.
The market capitalisation (mcap) of Tata Consultancy Services tanked Rs42,847.49 crore to Rs12,56,152.34 crore.
HDFC Bank's valuation dived Rs36,984.46 crore to Rs7,31,068.41 crore and that of Hindustan Unilever got eroded by Rs20,558.92 crore to Rs5,05,068.14 crore.
ICICI Bank's mcap slumped Rs16,625.96 crore to Rs5,00,136.52 crore and that of Bharti Airtel declined by Rs16,091.64 crore to rs3,90,153.62 crore.
HDFC's valuation went lower by Rs13,924.03 crore to Rs3,90,045.06 crore and that of State Bank of India fell by Rs10,843.4 crore to Rs4,32,263.56 crore.
The valuation of Infosys plunged Rs10,285.69 crore to Rs6,49,302.28 crore and that of Adani Green Energy dipped Rs2,322.56 crore to Rs4,49,255.28 crore.
In the ranking of top-10 firms, Reliance Industries was leading the chart, followed by Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, Adani Green Energy, State Bank of India, Bharti Airtel and HDFC.
0 Comment