Six of top 10 companies lose Rs 38,153 cr in m-cap, RIL takes steepest hit

RIL's market valuation tumbled by Rs 16,955.65 crore to Rs 6,96,639.64 crore

money, market, investor, investment in asia, asia
Illustration by Binay Sinha
Press Trust of India
Last Updated : Jan 06 2019 | 11:06 PM IST
The combined market valuation of six of the 10 most valued companies slumped by Rs 38,152.86 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit.
 
While Tata Consultancy Services (TCS), RIL, HDFC Bank, HUL, ITC and HDFC suffered losses in their market capitalisation (m-cap) for the week ended Friday, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank made gains.
 
RIL's market valuation tumbled by Rs 16,955.65 crore to Rs 6,96,639.64 crore.
 
The m-cap of Hindustan Unilever Ltd (HUL) dropped Rs 8,626.12 crore to Rs 3,85,361.63 crore and that of TCS dived Rs 8,198.96 crore to Rs 7,03,178.13 crore.
 
HDFC's valuation took a beating of Rs 1,501.96 crore to reach Rs 3,38,933.58 crore and that of ITC fell by Rs 1,469.63 crore to Rs 3,43,832.17 crore.

ALSO READ: Sebi bans Grass Root Finance, 12 others from capital markets for 4 years
 
The market cap of HDFC Bank declined by Rs 1,400.54 crore to Rs 5,75,922.41 crore.
 
In contrast, ICICI Bank added Rs 2,906.87 crore to its valuation to reach Rs 2,35,444.07 crore.
 
SBI's valuation went up by Rs 2,722 crore to Rs 2,65,506.48 crore and Infosys gained Rs 1,376.12 crore to Rs 2,88,658.41 crore.
 
Kotak Mahindra Bank added Rs 391 crore to stand at Rs 2,37,787.86 crore.


In the ranking of top-10 firms, TCS was at the number one position, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, Kotak Mahindra Bank and ICICI Bank.
 
Over the last week, the Sensex fell 381.62 points, or 1.05 per cent.
 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story