Five of top 10-firms lose Rs 86,447 crore in m-cap; Infosys, TCS, SBI hit hard
PTI, Mar 26, 2023, 11:58 AM IST
Five of the top 10 most valued firms together lost Rs 86,447.12 crore in market valuation last week, with Infosys, Tata Consultancy Services and State Bank of India taking the biggest hit.
Last week, the BSE benchmark fell 462.8 points or 0.79 per cent.
While Reliance Industries Limited, Tata Consultancy Services (TCS), HDFC Bank, Infosys and State Bank of India suffered erosion from their valuation, ICICI Bank, Hindustan Unilever Limited, ITC, HDFC and Bharti Airtel posted gains.
The market capitalisation (mcap) of Infosys tumbled by Rs 25,217.2 crore to Rs 5,72,687.97 crore.
The valuation of State Bank of India fell Rs 21,062.08 crore to Rs 4,51,228.38 crore, and that of TCS tanked Rs 21,039.55 crore to Rs 11,42,154.59 crore.
The mcap of Reliance Industries declined by Rs 13,226.53 crore to Rs 14,90,775.40 crore, and HDFC Bank dipped Rs 5,901.76 crore to Rs 8,71,416.33 crore.
However, ICICI Bank added Rs 10,905.18 crore, taking its valuation to Rs 5,94,888.25 crore.
The valuation of Hindustan Unilever rallied Rs 7,542.19 crore to Rs 5,82,816.11 crore, and ITC climbed Rs 3,664.01 crore to Rs 4,70,360.22 crore.
Bharti Airtel’s mcap jumped Rs 2,787.57 crore to Rs 4,24,964.64 crore, and that of HDFC advanced Rs 384.89 crore to Rs 4,69,845.34 crore.
Reliance Industries continued to rule the top 10 most valued firms chart followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India and Bharti Airtel.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Markets surrender early gains to trade lower
US Fed interest rate decision key event to watch out for this week: Analysts
DGCA sticks to June 1 deadline for revised flight duty norms; says aim is to alleviate pilot fatigue
Govt approves 17% wage hike for 1.10 lakh employees of LIC
Air India lays off over 180 non-flying staff
MUST WATCH
Latest Additions
President Droupadi Murmu accepts resignation of Telangana Governor Tamilisai Soundararajan
We want Supreme Court-monitored Lok Sabha election 2024: Derek O’Brien
I-T sleuths raid eatery firm having food joints in Bengaluru
PM Modi to address rally in Salem in TN on Tuesday
Bengaluru facing shortfall of 500 MLD water: CM Siddaramaiah