Last week, six of the ten most valuable companies saw a collective loss of Rs 1,68,260 crore from their market worth, primarily due to TCS and a generally negative trend in the equity market.
Last week, six of the top ten most valuable companies saw a total loss of Rs 1,68,260.37 crore from their market valuation, primarily due to IT giant TCS amid a general downward trend in the equity market.
Last week, the benchmark 30-share BSE Sensex dropped 721.06 points, or 1.32 percent.
The biggest casualty among the laggards was Tata Consultancy Services (TCS), whose market valuation dropped by Rs 99,270.07 crore to Rs 10,95,355.32 crore. After the company’s June quarter earnings fell short of market expectations, TCS shares fell last week.
A similar depreciation of Rs 35,133.64 crore occurred at Infosys, bringing its worth to Rs 6,01,900.14 crore.
The market value of State Bank of India (SBI) decreased by Rs 8,433.76 crore to Rs 4,27,488.90 crore, while that of HDFC Bank decreased by Rs 18,172.43 crore to Rs 7,57,659.72 crore.
The market capitalization (m-cap) of ICICI Bank decreased by Rs 3,158.85 crore to Rs 5,22,498.11 crore, and that of HDFC decreased by Rs 4,091.62 crore to Rs 4,02,121.99 crore.
The value of Hindustan Unilever Ltd (HUL), in comparison, increased by Rs 17,128.52 crore to Rs 6,03,551.26 crore.
Reliance Industries increased its market value by Rs 6,801.72 crore, bringing it to Rs 16,24,681.08 crore.
ITC’s market capitalization increased by Rs 1,318,81 to Rs 3,62,327,81, and that of Life Insurance Corporation of India (LIC) increased by Rs 316,25 to Rs 4,48,157,71.
Reliance Industries maintained its position as the most valuable domestic company in the top-10 list of companies, followed by TCS, HDFC Bank, HUL, Infosys, ICICI Bank, LIC, SBI, HDFC, and ITC.
