Six of top-10 companies lose Rs 53,459 crore in market capitalisation final week; m-cap of ICICI Bank, SBI zoom

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New Delhi: Six of the 10 most valued home firms suffered a mixed erosion of Rs 53,458.Eight crore in market valuation final week, with Reliance Industries Ltd (RIL) taking the steepest hit.

Tata Consultancy Services (TCS), HDFC Bank, HUL, HDFC and ITC had been the opposite blue-chips that witnessed a drop of their market capitalisation (m-cap) for the week ended on 21 June, whereas Infosys, SBI, Kotak Mahindra Bank and ICICI Bank completed with positive aspects.

RIL’s valuation plummeted Rs 23,929.9 crore to Rs 8,10,889.80 crore.

The market cap of Hindustan Unilever Limited (HUL) tumbled Rs 12,177 crore to Rs 3,82,888.36 crore.

Office of Tata Consultancy Services (TCS) in Mumbai. Reuters

The m-cap of HDFC dropped Rs 7,148.88 crore to Rs 3,68,796.02 crore and that of HDFC Bank plunged Rs 4,785.48 crore to Rs 6,60,069.81 crore.

ITC’s valuation fell by Rs 4,535.7 crore to Rs 3,36,192.97 crore and that of TCS declined Rs 881.81 crore to Rs 8,44,267.80 crore.

On the opposite hand, the m-cap of ICICI Bank jumped Rs 8,363.86 crore to Rs 2,77,957.03 crore and that of SBI zoomed Rs 4,997.78 crore to Rs 3,11,870.55 crore.

Infosys added Rs 4,500 crore to its valuation to achieve Rs 3,27,975.68 crore. Kotak Mahindra Bank’s valuation climbed Rs 3,071.75 crore to Rs 2,84,420.77 crore.

In the rating of top-10 companies, TCS remained on the primary place, adopted by RIL, HDFC Bank, HUL, HDFC, ITC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.

During the final week, the 30-share BSE Sensex declined 257.58 factors or 0.65 p.c to shut at 39,194.49.

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