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
Reverse migration has begun, says FM Nirmala Sitharaman
Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level
Sensex climbs 640 points, Nifty tops 22,300-level in early trade
Insurance regulator IRDAI abolishes age restriction on health insurance product
Elon Musk says India visit delayed due to Tesla obligations
MUST WATCH
Latest Additions
Who would lead if US stepped off world stage? asks Biden
Why has BJP not responded to plight of areca nut-coffee growers, asks Jayaprakash Hegde
DRDO develops country’s lightest bulletproof jacket for protection against highest threat level
LS Polls 2024: Modi does not do politics on religion basis, says Rajnath Singh
Delhi court extends judicial custody of Arvind Kejriwal till May 7