Explore Business Standard
The combined market valuation of seven of the top-10 most valued firms declined by Rs 35,439.36 crore in a holiday-shortened last week, with State Bank of India taking the biggest hit, in line with a muted trend in equities. Last week, the BSE benchmark climbed 112.09 points or 0.13 per cent. From the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, SBI, Bajaj Finance, Larsen & Toubro and Life Insurance Corporation of India (LIC) faced erosion from their valuation, while HDFC Bank, Bharti Airtel and Infosys were the winners. The market valuation of State Bank of India tumbled Rs 12,692.1 crore to Rs 8,92,046.88 crore. Reliance Industries' valuation dropped by Rs 8,254.81 crore to Rs 21,09,712.48 crore. Bajaj Finance faced an erosion of Rs 5,102.43 crore to take its market valuation to Rs 6,22,124.01 crore. The market capitalisation (mcap) of Larsen & Toubro declined by Rs 4,002.94 crore to Rs 5,56,436.22 crore and that of ICICI Bank edged lower by
The combined market valuation of seven of the top-10 most valued firms climbed Rs 96,200.95 crore last week, with Reliance Industries and Bajaj Finance stealing the show, in tandem with an optimistic trend in equities. Last week, the BSE benchmark climbed 474.75 points or 0.55 per cent. On Thursday, the Sensex hit a record high of 86,055.86. From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, State Bank of India, Infosys, Bajaj Finance and Hindustan Unilever were the gainers, while Bharti Airtel, Tata Consultancy Services (TCS) and Life Insurance Corporation of India (LIC) faced erosion from their valuation. Reliance Industries added Rs 28,282.86 crore, taking its market valuation to Rs 21,20,335.47 crore. The valuation of Bajaj Finance climbed Rs 20,347.52 crore to Rs 6,45,676.11 crore. HDFC Bank's valuation jumped Rs 13,611.11 crore to Rs 15,48,743.67 crore, and that of ICICI Bank surged by Rs 13,599.62 crore to Rs 9,92,725.97 crore. The market capitalisation (mca
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 88,635.28 crore in a holiday-shortened last week, with Bharti Airtel and Tata Consultancy Services taking the biggest hit, in line with the weak trend in equities. In a holiday-shortened last week, the BSE benchmark tanked 722.43 points or 0.86 per cent, and the Nifty declined by 229.8 points or 0.89 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, Tata Consultancy Services (TCS), ICICI Bank, Infosys and Hindustan Unilever faced erosion from their valuation, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) were the gainers from the top-10 pack. The market valuation of Bharti Airtel tumbled Rs 30,506.26 crore to Rs 11,41,048.30 crore. TCS faced an erosion of Rs 23,680.38 crore from its valuation, which stood at Rs 10,82,658.42 crore. The market capitalisation (mcap) of Hindustan Unilever dropped by Rs 12,253.12 crore to Rs 5,67,308.81 crore, and that of