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The combined market valuation of six of the top 10 valued firms eroded by â¹1,40,478.38 crore in a holiday-shortened week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the maximum hit.
Last week, the BSE benchmark declined 1,156.57 points or 1.55 per cent. Stock markets were closed on Wednesday on account of Ram Navami.
While Reliance Industries, HDFC Bank, Bharti Airtel and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack, TCS, ICICI Bank, State Bank of India, Infosys, ITC and Hindustan Unilever suffered erosion in their valuation.
The market valuation of TCS tanked by â¹62,538.64 crore to â¹13,84,804.91 crore, the most among the top 10 firms.
Infosys faced an erosion of â¹30,488.12 crore from its valuation which stood at â¹5,85,936.45 crore. Shares of Infosys on Friday ended nearly 1 per cent lower after the company’s revenue growth guidance for FY25 failed to meet market expectations.
The market capitalisation (mcap) of ICICI Bank diminished by â¹26,423.74 crore to â¹7,49,023.89 crore and that of State Bank of India declined by â¹14,234.76 crore to â¹6,70,059.86 crore.
The valuation of ITC slumped â¹6,616.9 crore to â¹5,30,350.97 crore and that of Hindustan Unilever went lower by â¹176.22 crore to â¹5,24,487.51 crore.
However, Bharti Airtel’s mcap zoomed â¹37,797.09 crore to â¹7,30,658.36 crore and that of HDFC Bank climbed â¹9,420.17 crore to â¹11,63,314.93 crore.
Reliance Industries added â¹4,397.82 crore taking its valuation to â¹19,90,195.52 crore and the mcap of LIC advanced â¹1,201.75 crore to â¹6,15,453.90 crore.
In the ranking of top-10 firms, Reliance Industries remained the most valued company followed by TCS, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, LIC, Infosys, ITC and Hindustan Unilever.
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