The market capitalisation of Reliance Industries tanked Rs 35,976.08 crore to Rs 13,19,808.41 crore. Reuters file
New Delhi, March 21
Eight of the 10 most valued companies witnessed a combined erosion of Rs 1,38,976.88 crore in their market valuation last week, with Reliance Industries and HDFC Bank taking the biggest hit.
During the last week, the 30-share BSE benchmark declined 933.84 points or 1.83 per cent.
From the top-10 pack, Tata Consultancy Services (TCS) and Hindustan Unilever Limited managed to close the week with gains in their market valuation.
The market capitalisation of Reliance Industries tanked Rs 35,976.08 crore to Rs 13,19,808.41 crore. HDFC Bank’s valuation plunged Rs 30,061.52 crore to reach Rs 8,25,024.73 crore and Kotak Mahindra Bank witnessed a decline of Rs 20,787.22 crore to Rs 3,62,953.84 crore.
The valuation of ICICI Bank dipped Rs 18,172.67 crore to reach Rs 4,05,561.24 crore and that of Infosys tanked Rs 12,460.17 crore to Rs 5,73,104.03 crore.
State Bank of India’s valuation eroded by Rs 9,013.86 crore to Rs 3,31,192.33 crore and that of HDFC declined Rs 6,313.77 crore to Rs 4,56,678.43 crore.
The market capitalisation of Bajaj Finance declined by Rs 6,191.59 crore to Rs 3,28,524.59 crore.
In contrast, Hindustan Unilever added Rs 25,294.91 crore to take its valuation to Rs 5,43,560.03 crore and that of TCS rose by Rs 2,348.9 crore to Rs 11,33,111.91 crore.
In the ranking of top-10 firms, Reliance Industries retained the title of the most valued company, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank, Kotak Mahindra Bank, State Bank and Bajaj Finance Limited in that order. PTI
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Canada a ‘rule-of-law country’, says PM Trudeau after arrest of three Indians in Khalistani activist Hardeep Nijjar killing
Nijjar, a Canadian citizen, was shot dead outside a gurdwara...
Hardeep Singh Nijjar killing: Probing Indian officials too, say Canadian cops
Day after 3 arrests, S Jaishankar terms such incidents their...
Congress names Jay Narayan Patnaik as Puri candidate after Sucharita Mohanty exits Lok Sabha race citing lack of funds
Mohanty is the third Congress candidate to retreat from elec...
Attack on IAF convoy in J-K’s Poonch: Massive search operation under way to trace terrorists in Surankote area
Terrorists are believed to have fled into a forest after the...
