Top-10 most valued firms lose Rs 2.09 lakh-crore in M-cap; Reliance, TCS biggest laggards : The Tribune India

Join Whatsapp Channel

Top-10 most valued firms lose Rs 2.09 lakh-crore in M-cap; Reliance, TCS biggest laggards

Reliance Industries’ market valuation plunges Rs 67,722.33 crore to Rs 15,04,001.93 crore

Top-10 most valued firms lose Rs 2.09 lakh-crore in M-cap; Reliance, TCS biggest laggards

Photo for representational purpose only. Reuters file



PTI

New Delhi, March 19

Market capitalisation (M-cap) of the top-10 most valued companies eroded by over Rs 2.09 lakh crore last week, with Reliance Industries and TCS taking the biggest hit amid an overall weak trend in equities.

On a weekly basis, domestic equity benchmarks witnessed heavy selling. The 30-share BSE Sensex plummeted 1,145.23 points or 1.93 per cent.

Corporate major Reliance Industries’ M-cap plunged Rs 67,722.33 crore to Rs 15,04,001.93 crore.

IT bellwethers TCS’ market valuation tumbled Rs 55,654.17 crore to Rs 11,63,194.14 crore and that of Infosys nosedived Rs 21,250.8 crore to Rs 5,97,905.17 crore.

The valuation of State Bank of India (SBI) diminished by Rs 16,108.93 crore to Rs 4,72,290.46 crore and that of ITC tanked Rs 15,226.12 crore to Rs 4,66,696.21 crore.

M-cap of telecom major Bharti Airtel slumped by Rs 9,053.44 crore to Rs 4,22,177.07 crore and that of HDFC Bank declined by Rs 8,982.11 crore to Rs 8,77,318.09 crore.

HDFC also witnessed a dip of Rs 8,063.79 crore in its market valuation, which stood at Rs 4,69,460.45 crore.

Private sector lender ICICI Bank’s m-cap declined Rs 4,396.91 crore to Rs 5,83,983.07 crore and that of Hindustan Unilever Ltd (HUL) slipped by Rs 3,465.65 crore to Rs 5,75,273.92 crore.

In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, HDFC, ITC and Bharti Airtel.


Top News

Six newborns die in fire at East Delhi children's hospital

7 newborns die in fire at children's hospital in East Delhi’s Vivek Vihar

Action is being initiated against the owner of the hospital

Children hospital fire heart-rending, guilty won’t be spared: CM Arvind Kejriwal

Children hospital fire heart-rending, guilty won’t be spared: CM Arvind Kejriwal

Health Minister Saurabh Bharadwaj also says strictest punish...

Punjab Police, BSF bust drug smuggling racket; arrest 7 members

Punjab Police, BSF bust drug smuggling racket; arrest 7 members

Seize 5.47 kg heroin, Rs 1.7 lakh drug money and 40 cartridg...

Remal intensifies into severe cyclonic storm, to make landfall by Sunday midnight

Remal intensifies into severe cyclonic storm, to make landfall by Sunday midnight

The severe cyclone is set to bring extremely heavy rain in t...

At 64.2%, Haryana turnout lower than ’19, Sirsa leads with 69%; Delhi records 58%

At 64.2%, Haryana turnout lower than ’19, Sirsa leads with 69%; Delhi records 58%

57.8% voters cast ballot in Karnal Assembly byelection where...


Cities

View All