17 Apr , 2022 By : Kanchan Joshi
New Delhi: Seven of the 10 most valued firms suffered a combined erosion of Rs1,32,535.79 crore in market valuation last week, with Reliance Industries emerging as the worst hit.
In the holiday-truncated week, the Sensex tumbled 1,108.25 points or 1.86 per cent.
While Reliance Industries Ltd (RIL), TCS, HDFC Bank, Infosys, HUL, Bajaj Finance and HDFC were the laggards from the top-10 pack, ICICI Bank, SBI and Adani Green Energy were the gainers.
Adani Green Energy had on Monday last week entered the list of the top-10 most valued domestic firms.
The market capitalisation (m-cap) of Reliance Industries plummeted by Rs43,491.37 crore to reach Rs17,26,714.05 crore.
The valuation of Infosys dived Rs27,953.78 crore to Rs7,35,611.35 crore.
HDFC Bank's market valuation eroded by Rs27,866.34 crore to Rs8,12,338.57 crore and that of HDFC tumbled Rs14,631.11 crore to Rs4,31,028.49 crore.
The m-cap of Tata Consultancy Services (TCS) tanked Rs9,348.88 crore to stand at Rs13,39,688.48 crore.
The valuation of Hindustan Unilever (HUL) declined by rs7,119.26 crore to Rs5,05,737.77 crore and that of Bajaj Finance diped by Rs2,125.05 crore to Rs4,43,685.79 crore.
In contrast, the new entrant Adani Green Energy added Rs84,581.99 crore, taking its valuation to Rs4,48,050.99 crore.
ICICI Bank's market capitalisation jumped Rs5,559.02 crore to Rs5,29,739.59 crore and that of State Bank of India (SBI) rose Rs1,249.45 crore to Rs4,61,848.65 crore.
In the ranking of top-10 firms, Reliance Industries maintained its top position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Adani Green Energy, Bajaj Finance and HDFC.
Stock markets were closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday.
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