Eight of top-10 valued corporations lose Rs 1.11 lakh-crore in market cap; ICICI Bank, RIL worst hit


New Delhi, September 6

Eight of the 10 most-valued firms witnessed a complete lack of Rs 1,11,799.05 crore of their market valuation final week, with ICICI Bank and Reliance Industries Limited rising as main losers.

Tata Consultancy Services and HDFC Bank had been the one gainers among the many 10 most valued listed corporations.

Last week, the BSE Sensex plummeted 1,110.13 factors or 2.81 per cent amid a worldwide sell-off and weak financial knowledge.

The market capitalisation of ICICI Bank tumbled Rs 25,476.75 crore to Rs 2,57,073.30 crore. The valuation of Reliance Industries Limited (RIL) tanked Rs 24,216.53 crore to Rs 13,16,947.89 crore.

HDFC’s market cap dropped by Rs 20,150.82 crore to Rs 3,17,321.63 crore and that of Kotak Mahindra Bank by Rs 17,642.Eight crore to Rs 2,72,815.29 crore.

The market valuation of ITC declined by Rs 10,951.21 crore to Rs 2,29,667.79 crore and of Infosys by Rs 6,643.75 crore to Rs 3,91,544.91 crore. Hindustan Unilever’s market cap dipped by Rs 6,471.69 crore to Rs 4,99,186.72 crore.

Bharti Airtel’s valuation declined by Rs 245.5 crore to Rs 2,85,380.21 crore.

In distinction, TCS added Rs 19,756.31 crore to its valuation at Rs 8,59,202.29 crore. The valuation of HDFC Bank rose by Rs 2,641.5 crore to Rs 6,16,240.17 crore.

In high 10 listing of the most-valued agency, RIL topped the chart adopted by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank and ITC in that order. PTI



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