mcap of 9 top valued firms
The combined market valuation of nine of the top 10 valued companies declined by Rs 3.12 trillion last week, with Reliance Industries the biggest hit.
Last week, the 30-share BSE Sensex fell 2,090.2 points or 2.7 per cent, while the 50-share NSE Nifty fell 532.65 points or 2.2 per cent.
“Markets ended the week in decline, breaking their three-week consolidation phase amid geopolitical tensions in West Asia, persistent rupee weakness and rising inflation concerns,” said Ajit Mishra, SVP, Research, Religare Broking Ltd.
He said the sharp rise in crude oil prices above US$105 per barrel has raised concerns about imported inflation, fiscal stress and pressure on corporate margins.
Bharti Airtel emerged as the sole winner from the top-10 pack.
The market valuation of Reliance Industries declined by Rs 1,34,445.77 crore to Rs 18,08,420.81 crore.
State Bank of India’s valuation declined by Rs 52,245.3 crore to Rs 8,88,862.32 crore.
The valuation of Tata Consultancy Services (TCS) declined by Rs 47,415.04 crore to Rs 8,19,062.65 crore and that of Bajaj Finance declined by Rs 27,892.28 crore to Rs 5,66,717.74 crore.
The market capitalization (mcap) of HDFC Bank declined by Rs 20,630.01 crore to Rs 11,82,069.25 crore.
The market capitalization of ICICI Bank declined by Rs 14,290 crore to Rs 8,92,385.39 crore.
Larsen & Toubro’s valuation declined by Rs 9,078.87 crore to Rs 5,37,542.34 crore and Hindustan Unilever’s valuation declined by Rs 3,970.8 crore to Rs 5,33,592.18 crore.
The mcap of Life Insurance Corporation of India (LIC) declined by Rs 2,182.12 crore to Rs 5,05,367.32 crore.
However, the market valuation of Bharti Airtel increased by Rs 42,470.13 crore to Rs 11,60,525.16 crore.
Reliance Industries was the most valued company followed by HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever and LIC.
